Commissions

Saxo Bank Stock Markets

Europe

Country	Exchange name	Symbol	Commission rate	Min. Commission/ Currency	Min. Order value
Austria	Wiener Börse/Vienna Stock Exchange	VIE	0.10%	12 EUR	100 EUR
Belgium	NYSE Euronext Brussels	BRU	0.10%	12 EUR	100 EUR
Czech Republic	Prague Stock Exchange	PRA	0.28%	500 CZK	2,500 CZK
Denmark	NASDAQ OMX Copenhagen	CSE-OMX	0.10%	29 DKK	1,000 DKK
Finland	NASDAQ OMX Helsinki	OMX	0.10%	12 EUR	100 EUR
France	NYSE Euronext Paris	PAR	0.10%	12 EUR	100 EUR
Germany	Deutsche Börse (XETRA)	FSE	0.10%	12 EUR	100 EUR
Greece	Athens Exchange	AT	0.35%	12 EUR	100 EUR
Italy	Borsa Italiana/Milan Stock Exchange	MIL	0.10%	12 EUR	100 EUR
Netherlands	NYSE Euronext Amsterdam	AMS	0.10%	12 EUR	100 EUR
Norway	Oslo Børs/Oslo Stock Exchange	OSE	0.10%	65 NOK	1,000 NOK
Poland	Warsaw Stock Exchange	WSE	0.30%	75 PLN	300 PLN
Portugal	NYSE Euronext Lisbon	LISB	0.10%	12 EUR	100 EUR
Spain	BME Spanish Exchanges	SIBE	0.10%	12 EUR	100 EUR
Sweden	NASDAQ OMX Stockholm	SSE	0.10%	65 SEK	1,000 SEK
Switzerland	SIX Swiss Exchange	SWX	0.10%	18 CHF	150 CHF
Switzerland	SIX Swiss Exchange (Blue-Chip)	VX	0.10%	18 CHF	150 CHF
UK	London Stock Exchange	LSE_SETS	0.10%	8 GBP	100 GBP
UK	London Stock Exchange (IOB)	LSE_INTL	0.10%	20 USD	100 USD

North America & Canada

Country	Exchange name	Symbol	Commission rate	Min. Commission/ Currency	Min. Order value
US	NYSE MKT (American Stock Exchange)	AMEX	0.02 per share	15 USD	50 USD
US	NASDAQ	NASDAQ	0.02 per share	15 USD	50 USD
US	NASDAQ (Small cap)	NSC	0.02 per share	15 USD	50 USD
US	New York Stock Exchange	NYSE	0.02 per share	15 USD	50 USD
US	New York Stock Exchange	NYSE_ARCA	0.02 per share	15 USD	50 USD
US	OTC Bulletin Board/Pink Sheets	OOTC & OTCBB	25 USD per trade	N/A	50 USD
Canada	Toronto Stock Exchange	TSE	0.03 per share	25 CAD	100 CAD
Canada	TSX Venture Exchange >1 CAD per share	TSX	0.02 per share	25 CAD	100 CAD
Canada	TSX Venture Exchange <1 CAD per share	TSX	25 CAD per trade	N/A	100 CAD

Asia Pacific

Country	Exchange name	Symbol	Commission rate	Min. Commission/ Currency	Min. Order value
Hong Kong	Hong Kong Exchanges	HKEX	0.15%	150 HKD	1,000 HKD
Singapore	Singapore Exchange	SGX-ST	0.15%	25 SGD	150 SGD
Australia	Australian Securities Exchange	ASX	0.10%	15 AUD	150 AUD
Japan	Tokyo Stock Exchange	TYO	0.15%	1,500 JPY	1,000 JPY

Africa

Country	Exchange name	Symbol	Commission rate	Min.Commission/ Currency	Min. Order value
South Africa	Johannesburg Stock Exchange	JSE	0.25%	100 ZAR	750 ZAR

Advanced Equity Research and Stock Screener

Access to the advanced Equity Research and the Stock Screener tools require subscription.

There are no activation or setup costs, and you may cancel the subscription at any time with no additional charges.

	Private Client	Institutional Clients
Equity Research & Stock Screener	EUR 1.99/month*	EUR 200.00/Month
* Private client access to Equity Research and Stock Screener is FREE for Premium and Platinum account holders.

The definition of an "Institutional" client is:

"A holder of a license to act as a financial institution, hereunder but not limited to: investment firms, credit institutions, insurance companies, investment management companies and pension funds and their management companies or a representative of a financial institution."

This definition only applies to Equity Research/Stock Screener subscription.

Exchange Data fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

Exit fee

For transfers of Stocks to your account outside Saxo Bank, an exit fee will be charged. The fees are as follows:

DK Stocks: 25 EUR per ISIN (max. 160 EUR)
Other Stocks: 50 EUR per ISIN (max. 160 EUR)

Updated 18th October, 2012

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