​​ ​ ​ ​ ​
Exchange nameSymbolCommission
Active *)
North America & Canada​​
(min 15 USD)
​from 6 USD 1)
US New York Stock ExchangeNYSE & ARCA0.02 USD/share
(min 15 USD)
​from 6 USD 1)
(min 15 USD)
​from  6 USD 1)
US OTC Bulletin Board/Pink SheetsOOTC & OTCBB0.15% 2)
(min 25 USD)
(min 20 USD)
Canada Toronto Stock ExchangeTSE0.03 CAD/share
(min 25 CAD)
​0.0225 CAD/share
(min 15 CAD) 3)
Canada TSX Venture ExchangeTSX0.02 CAD/share 4)
(min 25 CAD)
0.02 CAD/share
(min 25 CAD)
Europe / Middle East / Africa​
Greece Athens ExchangeAT0.35%
(min 12 EUR)
(min 12 EUR)
Spain BME Spanish ExchangesSIBE0.10%
(min 12 EUR)
from 9 EUR 5)
Germany Deutsche Börse (XETRA)FSE0.10%
(min 12 EUR)
from 9 EUR6)
Ireland Irish Stock ExchangeISE0.10%
(min 12 EUR)
(min 9 EUR)
UK London Stock Exchange (IOB)LSE_INTL0.10%
(min 20 USD)
(min 10 USD)
UK London Stock ExchangeLSE_SETS0.10%
(min 8 GBP)
from 8 GBP 7)
Italy Milan Stock ExchangeMIL0.10%
(min 12 EUR)
from 9 EUR 6)
Denmark NASDAQ OMX CopenhagenCSE0.10%
(min 29 DKK)
(min 50 DKK)
Finland NASDAQ OMX HelsinkiHSE0.10%
(min 12 EUR)
(min 7 EUR)
Sweden NASDAQ OMX StockholmSSE0.10%
(min 65 SEK)
(min 55 SEK)
Netherlands NYSE Euronext Amsterdam (AEX)AMS0.10%
(min  12 EUR)
from 9 EUR5)
Belgium NYSE Euronext BrusselsBRU 0.10%
(min 12 EUR)
(min 8 EUR)
Portugal NYSE Euronext LisbonLISB0.10%
(min 12 EUR)
(min 8 EUR)
France NYSE Euronext ParisPAR0.10%
(min 12 EUR)
from 9 EUR ​5)
Norway Oslo Stock ExchangeOSE0.10%
(min 65 NOK)
(min 55 NOK)
Czech Republic Prague Stock ExchangePRA0.28%
(min 500 CZK)
(min 400 CZK)
Switzerland SIX Swiss ExchangeSWX & VX0.10%
(min 18 CHF)
​from 11 CHF 8)
Austria Vienna Stock ExchangeVIE0.10%
(min 12 EUR)
(min 12 EUR)
Poland Warsaw Stock ExchangeWSE0.30%
(min 75 PLN)
(min 65 PLN)
South Africa Johannesburg Stock ExchangeJSE0.25%
(min 100 ZAR)
(min 90 ZAR)
​​Asia / Pacific
Australia Australian Securities ExchangeASX0.10%
(min 15 AUD)
(min 12 AUD)
Hongkong Hong Kong ExchangesHKEX0.15%
(min 150 HKD)
(min 100 HKD)
Singapore Singapore ExchangeSGX-ST0.15%
(min 25 SGD)
(min 20 SGD)
Japan Tokyo Stock ExchangeTYO0.15%
(min 1,500 JPY)
(min 1,250 JPY)

*)For active trader pricing see below

​1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share

2) OTC Bulletin Board/Pink Sheet: Commission is capped at USD 25/trade for trade amounts below USD 50,000.

3) TSE: For stocks traded below 1 CAD, the commission is capped at CAD 15/trade.

​4)​ TSX Venture Exchange: Commission is capped at CAD 25/trade for Shares traded below 1 CAD.

5) BME, NYSE Euronext Amsterdam and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%

6) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the threshold the commission is 0.05%

7) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.​​

8) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Active Trader pricing

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.

In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETCs
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates w​ill apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 15 June, 2016

Product Risk

Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red.

Stocks are categorised as yellow or red products depending on the individual instrument. For more information about the categorisation of the individual instrument and the level of risk involved, please see the Product Risk Categorisation located under our General Business Terms.

General Business Terms