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Saxo

3.0
#28 of 47 Stocks & Shares ISAs
Website Fees Review

Overview

Saxo is a Danish investment bank and multi-asset trading platform offering retail and institutional clients access to global financial markets. The broker provides trading in shares, ETFs, CFDs, forex, commodities, bonds and futures through its sophisticated SaxoTraderGO platform. Known for its comprehensive research tools, educational resources and professional-grade trading features, Saxo caters to both experienced traders and investors seeking a premium service.

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Saxo Offers

Saxo welcome bonus

We're not aware of a welcome bonus for Saxo at this time.
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Saxo Fees & Review

Portfolio size (for fee calculations)

  • Stocks & Shares ISA

Stocks & Shares ISA

Fi Score rankingWhere this ISA ranks compared to other ISAs based on Fi Score T28

Fi Fee (£10k balance)(£100k balance)(£500k balance)Our unique calculation for comparable fees across brokers for each account type, based on a 10k100k500k portfolio. Your fees may vary. £48

ISA fee notes Saxo charges a 0.12% custody fee for holding most investments like stocks and ETFs, and a 0.4% custody fee for funds (both uncapped). The commissions vary depending on the country of the stock but it's typically 0.08% with a £0.01/$0.01/€0.01 minimum for shares and ETFs, trading funds is commission-free.

Minimum account chargeThe minimum amount you need to pay for this Stocks & Shares ISA, excluding account fee reductions or discounts. £0

FX feeThe currency conversion fee when purchasing investments that aren't listed in GBP (£). 0.60%

In-specie transfersDoes the broker support the transfer of investments? No

ETFs

Account fee on ETFsThe account fee you'll pay when investing in ETFs. 0.12%

ETF account fee capThe maximum amount you'll pay in account fees when investing in ETFs. Uncapped

ETF trading feeThe amount you'll pay to invest in an ETF in this ISA, excluding trading volume discounts. 0.08% (£0.01 min.)

ETF regular investing feeThe amount you'll pay to invest in ETFs when using an ongoing regular investment. N/A

Mutual funds

Account fee on fundsThe account fee you'll pay when investing in mutual funds. 0.40%

Fund fee capThe maximum amount you'll pay in account fees when investing in mutual funds. Uncapped

Fund trading feeThe amount you'll pay to invest in a mutual fund in this ISA, excluding trading volume discounts. £0

Fund regular investing feeThe amount you'll pay to invest in mutual funds when using an ongoing regular investment. N/A

Shares

Share trading feeThe amount you'll pay to invest in company shares, excluding trading volume discounts. 0.08%

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The Saxo Stocks & Shares ISA allows investors to choose their own investments in individual shares, ETFs, mutual funds, commodities, and money market funds. You're also able to select pre-built portfolios.

The account doesn't offer fractional shares – you must buy whole shares of investments, making the market a little less accessible.

As this is a flexible ISA, you can withdraw and redeposit in the same tax year without affecting your annual ISA limit.

In-specie transfers aren't supported, meaning you'd have to convert investments into cash to transfer elsewhere.

Saxo ranks joint-24th by Fi Fee for small investors (£10,000 portfolios), and they drop down to 29th for large portfolios (balances of £500,000). To invest, you only need a minimum lump sum deposit of £1. They charge 0.60% as an FX fee for investments in foreign currencies.

Saxo charges a 0.12% custody fee for holding most investments like stocks and ETFs, and a 0.4% custody fee for funds (both uncapped). The commissions vary depending on the country of the stock but it's typically 0.08% with a £0.01/$0.01/€0.01 minimum for shares and ETFs, trading funds is commission-free.

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