Saxo Markets Singapore Offers Zero Commissions on ETFs for New Clients

Fazzaco learned that Saxo Markets Singapore, a licensed subsidiary of Saxo Bank, recently announced that new clients can trade ETFs with no commission for a limited time.

According to the company, the offer is valid from 4 September 2021 to 31 December 2021, both dates inclusive. It only applies for new individual direct clients opening trading accounts at Saxo Capital Markets Pte Ltd (“Saxo Markets”) during the promotional period. 

Notably, eligible clients do not include an individual who maintains an existing trading account with Saxo Markets. For the avoidance of doubt, Eligible Clients also does not include new corporate or institutional clients of Saxo Markets.

Eligible Clients will be entitled to zero commission on all Exchange-Traded Funds (ETFs) traded through their trading account with Saxo Markets during the Promotion Period, with the exception of ETFs traded on German, Swiss, and Italian exchanges which shall not be included in the Promotion.

Saxo notes that the offer does not apply in relation to any trades on Exchange-Traded Notes (ETNs) or Exchange-Traded Commodities (ETCs).

​As Fazzaco reported earlier, Saxo Markets Singapore has released its key performance metrics for the first six months of 2021​. The company witnessed a 24% increase in the number of new active clients compared to the same period last year.