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.
64% of retail investor accounts lose money when trading CFDs with this provider
- Want to know more about Saxo? Read our expert review and watch video demo.
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.
FAQ
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.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
