Saxo Markets Singapore offers new clients to trade ETFs with zero commission

Saxo Markets Singapore, a subsidiary of Saxo Bank, is offering new clients to make use of zero commission ETF trading.

This Global ETFs Zero Commission campaign is available from 4 September 2021 to 31 December 2021, both dates inclusive.

The offer is only open to new individual direct clients of Saxo Capital Markets Pte Ltd (“Saxo Markets”) who sign up directly for a trading account with Saxo Markets during the above-mentioned period. Eligible Clients does 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).

This promotion is available automatically to all new clients opening a Saxo account during the promotional period for trades during that period.

Existing clients will continue to enjoy access to Saxo’s best-in-class trading platform, one of the widest ranges of trading products at very low commissions and the Saxo Rewards loyalty program.

There are no inactivity or platform fees.

Let’s note that, for the first half of 2021, Saxo Markets Singapore posted a set of solid metrics.

Saxo Markets Singapore reached the milestone of SGD 10 billion in clients’ assets. This is driven by strong momentum in the market and more compelling products that met the needs of clients, as Saxo Markets welcomed 24% more clients compared to the same period last year.

The number of monthly trading clients in H1 2021 vs 2020 was up 97%, a significant increase in number of active clients.

Among those who joined Saxo, 75% were under 40 years old, reflecting the global trend of younger investors entering the market. Out of these new clients, over 30% were women, which is in line as well with the positive trend that Saxo saw last year – globally the increase in new women investors was up by 354% compared to 288% for men, and in Singapore, the uptick in new female clients was a significant 410%.

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