Saxo Markets Launches Pricing Plans in Singapore

Saxo Markets, the online trading and investment specialist, today announced that it has launched pricing plans for clients in Singapore, making Saxo the first in the investment and brokerage space to offer bundle packages for investors. Singapore is also the first international market where Saxo is rolling out its pricing plans, with more markets to follow in the future. 

The pricing plans are open to all new clients in Singapore, and will be made available to existing clients in the coming months. New clients who sign up now can enjoy the Gold plan for free until 31 March 2022, plus SGD88 extra commission credit as a welcome bonus. 

Industry research reveals that Singaporeans are looking for ease of use, ease of account opening, low fees and mobile access when it comes to online investment. Saxo's further proprietary research showed that investors in Singapore would value more data feeds and free trades, for instance, and less custody fees.

Saxo's pricing plans are designed in response to this feedback from real clients, and also to offer a better fit with people's lifestyles and preferences. Singaporeans are already familiar with how subscription models work from packages for mobile phones, Netflix and the like. The beauty of these is their simplicity and convenience – and that is exactly what Saxo wants to offer investors. Based on the insights, the elements that go into each bundle plan are carefully curated, hand-picked by pricing and product specialists in Saxo to best reflect client needs. This is also reflected in the most popular Gold bundle – the research and insights from real clients indicate that most people find this the most accessible and efficient package to meet their investing needs. 

Adam Reynolds, APAC CEO, Saxo Markets​, commented, "We are excited to be bringing the bundle plans to our clients in Singapore. I do not believe that clients should have to have their broker sell their flow to hedge funds to get great pricing. Our pricing plans are designed with our clients in mind – for a very reasonable monthly charge, they contain all of the services and access that they have told us they love, and we have also removed the items that they don't enjoy. 

We firmly believe in providing long term value for our clients, and the commitment from the clients in the form of choosing a pricing plan not only reduces costs and complexities for them, but also brings them much more value than the basic monthly bundle price. We're giving Singaporeans more choice and control; they can remain on a plan with no monthly charge and their current rates if that suits them best."