Trading Rates and Conditions

US residents

Please note that due to regulatory restrictions only Forex spot, Forex OTC options, Saxo Bank FX funds, spot gold and silver can currently be offered to US residents.

Stock Exchanges and Trading Fees

Saxo Bank currently offers stock trading on the exchanges listed below.

Reuse of Stock collateral for other investments

Saxo Bank allow a percentage of the collateral invested in certain stocks to be used for margin trading activities (Forex and CFD trading). The percentage of the collateral that can be used for each stock is listed below.

*Taxation on UK stocks

For UK stocks, a PTM levy and Stamp Duty may be applicable. Stamp Duty is applied on all buy transactions at a rate of 0.5% of transaction value. A PTM (Panel for Takeovers and Mergers) Levy of GBP 1 applied to buy and sell transactions where the Gross Value of the trade exceeds GBP 10,000.
Please note for Irish registered stocks Stamp Duty is 1% of the transaction value.

**Taxation on Singapore stocks

For Singapore stocks, a Clearing Fee of 0.04% is payable, subject to a maximum of SGD 600.

***Taxation on Hong Kong stocks

For Hong Kong stocks, Stamp Duty and other charges apply: 0.109%

Note: Continuous trading including a break between GMT 04:30 - 06:30

Currency conversions

Currency conversions are done using the close rate at New York (5pm New York time) plus/minus 0.5%.

Depositary Receipt fees

It is standard practice for US depositary receipts to charge an annual administration fee up to 0,02 USD per share depending on the issuing depositary bank. The intent of the fee is to cover costs for the banks that take on the operational processes necessary to issue and trade the depositary receipt line. Typically the fee is deducted when dividend payments are made, however, in case the depositary receipt does not pay a dividend or did not include the custodial fee in their dividend events the fee will be administered through fee-only events.

The dividend fee is stipulated in the Deposit Agreement between the depositary bank and the company based upon industry standards. The Deposit Agreement is filed with the SEC and is readily accessible by the public.

The fee per depositary receipt is not dependent on the total amount of dividend being paid.

Split Orders

In case an order regarding a security is split, and filled partially over a period of more than one day, the total trading costs may increase. The reason for such increase is that the minimum fee may be charged more than one time based on the number of days necessary for the total execution of the order.

How to Transfer Securities to Saxo Bank

1. Complete the following information for the holdings you want to transfer:
   Securities transfer request Saxo Bank
2. Send or fax one copy to Saxo Bank
   Email: stocktransfer@saxobank.com
   Fax number: +45 39 77 42 00 (Attn.: Back Office)
   For further information, please contact your contact person at Saxo Bank
3. Send or fax one copy to the bank where you currently hold the securities