Unlike other CFD brokers, Saxo is one of the few platforms that lets you trade with direct market access. This means that when you are trading CFDs, ETFs, bonds futures and options with them you can work orders inside the bid-offer price. As such Saxo, charges commission post trade, as opposed to other CFD brokers who include it in the spread.
Saxo Commission Cedits Offer
Open a Saxo account before 31st December and receive up to £100 commission credits to help you get started.
How Commission Credits Work
- Open an account – You will receive commission credits on a Saxo Classic, Platinum or VIP account tier, and/or through promotions.
- Place trades – You pay all trading fees upfront and get refunded for relevant commission costs afterwards.
- Get refunded for commission costs – At the end of each trading day, Saxo refund any commission costs that are covered by your credit balance. You can monitor your refunds and credit balance in the platform.
You can use commission credits to cover commission costs when trading all products except FX, FX options, CFDs, CFD options and CFD indices.
When you place a trade on any product that includes a commission fee – such as stocks, ETFs, futures and bonds – your commission credits kick in. You pay all trading fees upfront and, at the end of the day, Saxo refund any commission costs that are covered by your credit balance. Saxo refund you in the currency of your main account.
Note that commission credits have an expiration date defined by the specific offer as part of which you received them. You can always monitor your credit balance and refunds in the platform.
No, you can only use the credits to cover commission fees paid to Saxo markets.
No, the credits don’t cover the value of the stock, only commission fees connected to the purchase of the stock.
No. If you have any commission credits you don’t use by their expiration date, you lose them.