Anyone here has used Saxo global markets before?

N W · 1 Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:32 pm

N W

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If yes please let me know how is their per trade buy/sell trading fee and do they have account inactivity fees. Also have you been able to successfully withdraw funds from your trading account back to your bank account?

sheildskye · 2 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:48 pm

sheildskye

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Stay away from apps if you don't have USA citizenship. The current trend of rules being introduced in the country, you may see your assets being seized by the CBSL.

N W · 3 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:55 pm

N W

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sheildskye wrote:Stay away from apps if you don't have USA citizenship. The current trend of rules being introduced in the country, you may see your assets being seized by the CBSL.

I did see it is quite difficult these days but looking for a trusted avenue that has worked for someone who is a non-us citizen:)
Thank you for the heads up have you personally used any service like saxo,IB etc?

sheildskye · 4 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 4:38 pm

sheildskye

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I am a geek myself, as a tech guru, I still stick to trade terminal. Its an inhouse Oracle based platform developed by the Nixon foundation that enables me to trade in almost all stock markets in the world.

N W · 5 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 5:08 pm

N W

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sheildskye wrote:I am a geek myself, as a tech guru, I still stick to trade terminal. Its an inhouse Oracle based platform developed by the Nixon foundation that enables me to trade in almost all stock markets in the world.

How can I sign up to this platform? I can't seem to find much info about trade terminal by nixon hope you could share or pm the link to their website please:)

geesura · 6 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 6:35 pm

geesura

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Bots

Anyone here has used Saxo global markets before? 1f602

N W · 7 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 7:26 pm

N W

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geesura wrote:Bots

what do you mean bots?? scratch

N W · 8 Re: Anyone here has used Saxo global markets before? Wed Mar 17, 2021 8:14 pm

N W

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?

Dil123 · 9 Re: Anyone here has used Saxo global markets before? Tue Mar 23, 2021 2:18 am

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use IB, Saxo is way too expensive

N W

N W

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Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

Dil123

Dil123

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N W wrote:

Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

I have not noticed this charge on IB. However, you have to pay for Market data. NYSE, NASDAQ etc... whichever data streams you choose. For me I usually pay around $45 per month for data. Anyway the biggest cost is the taxes. You can’t avoid that

N W

N W

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Dil123 wrote:

N W wrote:

Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

I have not noticed this charge on IB. However, you have to pay for Market data. NYSE, NASDAQ etc... whichever data streams you choose. For me I usually pay around $45 per month for data. Anyway the biggest cost is the taxes. You can’t avoid that

Market data meaning like buy/sell recommendations? I guess you are quite actively monthly so it wouldn't be charged then:)

Dil123

Dil123

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N W wrote:

Dil123 wrote:

N W wrote:

Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

I have not noticed this charge on IB. However, you have to pay for Market data. NYSE, NASDAQ etc... whichever data streams you choose. For me I usually pay around $45 per month for data. Anyway the biggest cost is the taxes. You can’t avoid that

Market data meaning like buy/sell recommendations? I guess you are quite actively monthly so it wouldn't be charged then:)

Market data meaning order book.

N W

N W

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Posts : 69
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Dil123 wrote:

N W wrote:

Dil123 wrote:

N W wrote:

Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

I have not noticed this charge on IB. However, you have to pay for Market data. NYSE, NASDAQ etc... whichever data streams you choose. For me I usually pay around $45 per month for data. Anyway the biggest cost is the taxes. You can’t avoid that

Market data meaning like buy/sell recommendations? I guess you are quite actively monthly so it wouldn't be charged then:)

Market data meaning order book.

Seriously you have to pay for order book and we so lucky to get it free here in CSE lol.

Dil123 · 15 Re: Anyone here has used Saxo global markets before? Thu Mar 25, 2021 1:46 am

Dil123

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N W wrote:

Dil123 wrote:

N W wrote:

Dil123 wrote:

N W wrote:

Dil123 wrote:use IB, Saxo is way too expensive

IB has Inactivity fees which is like $10 per month...
If your trades don't accumulate at least $10 in commissions for them in a month you have to pay it, so anyways you have to pay $10/month on IB.

Have you come across this on IB?

I have not noticed this charge on IB. However, you have to pay for Market data. NYSE, NASDAQ etc... whichever data streams you choose. For me I usually pay around $45 per month for data. Anyway the biggest cost is the taxes. You can’t avoid that

Market data meaning like buy/sell recommendations? I guess you are quite actively monthly so it wouldn't be charged then:)

Market data meaning order book.

Seriously you have to pay for order book and we so lucky to get it free here in CSE lol.

Yes! True! We are lucky in many ways.. no fees.. no dividend tax.. no capital gain taxes...

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Anyone here has used Saxo global markets before?

1 Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:32 pm

N W

2 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:48 pm

sheildskye

3 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 12:55 pm

N W

4 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 4:38 pm

sheildskye

5 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 5:08 pm

N W

6 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 6:35 pm

geesura

7 Re: Anyone here has used Saxo global markets before? Tue Mar 16, 2021 7:26 pm

N W

8 Re: Anyone here has used Saxo global markets before? Wed Mar 17, 2021 8:14 pm

N W

9 Re: Anyone here has used Saxo global markets before? Tue Mar 23, 2021 2:18 am

Dil123

10 Re: Anyone here has used Saxo global markets before? Tue Mar 23, 2021 10:36 am

N W

11 Re: Anyone here has used Saxo global markets before? Wed Mar 24, 2021 12:13 am

Dil123

12 Re: Anyone here has used Saxo global markets before? Wed Mar 24, 2021 12:20 am

N W

13 Re: Anyone here has used Saxo global markets before? Wed Mar 24, 2021 11:56 pm

Dil123

14 Re: Anyone here has used Saxo global markets before? Wed Mar 24, 2021 11:59 pm

N W

15 Re: Anyone here has used Saxo global markets before? Thu Mar 25, 2021 1:46 am

Dil123