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Saxo Bank Slashes Fees on Stocks, ETFs, Options & Futures

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Written By
James Barra
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Written By
James Barra
Head of Content
James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Edited By
Tobias Robinson
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Edited By
Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
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Fact Checked By
William Berg
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Fact Checked By
William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Mar 7, 2026

Saxo Bank has kicked off 2024 by lowering its trading and non-trading fees. The new prices take effect from 15 January.

Key Takeaways

  • The minimum commission on US Stocks has been cut from $10 to $1.
  • The currency conversion transaction fee has been reduced from 1% to 0.25%.
  • The inactivity fee charged on dormant accounts has been removed.

The key changes apply to commissions on stocks, ETFs, options and futures spanning major exchanges in North America, Canada, Europe, the Middle East, Africa and Asia Pacific.

Changes to Saxo trading fees January 2024

Saxo Bank also continues to offer excellent pricing for forex and metal traders, with spreads from 0.4 pips.

About Saxo Bank

Saxo Bank is an award-winning broker, established in 1992 with authorization from a long row of trusted regulators, including FINMA in Switzerland, MAS in Singapore, ASIC in Australia and FCA in the UK.

For serious traders, Saxo Bank offers a comprehensive package, with a huge selection of 70,000+ instruments, excellent liquidity and top-rate research through webinars, videos, daily podcasts and more.

Between the SaxoTraderGO and SaxoTraderPRO platforms, alongside third-party solutions like Dynamic Trend and MultiCharts, the broker also offers a first-class suite of analysis tools and charting packages.

Your capital is at risk. Trade only with funds you can afford to lose.
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Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
66% of retail accounts lose money.