Saxo, a world chief in on-line buying and selling and funding, has diminished its brokerage charges by as much as 87% for US markets and as much as 62% for the ASX to assist Australian buyers make extra of their cash and prosper.

Saxo purchasers can now take pleasure in razor-sharp, all-inclusive pricing – no strings connected – on brokerage and different buying and selling charges, buying and selling US equities for as little as USD 1, UK equities for as little as GBP 3, and the native ASX for as little as AUD 3.

They may even take pleasure in diminished costs on merchandise comparable to Change Traded Funds (ETFs), Change Traded Merchandise (ETPs), Listed Choices and Futures – together with as a lot as 70% much less for AUD-denominated futures contracts.

For these buying and selling in international markets, foreign money conversion charges have dropped two thirds to a market-leading 0.25%, enabling Saxo purchasers to affordably maintain funds in 11 completely different foreign money “sub-accounts” and save on FX charges when buying and selling.

The reductions in brokerage and different buying and selling charges will sit alongside Saxo’s ongoing dedication to premium, in-person shopper service, its world-leading strategist workforce, and its give attention to the protection and safety of shopper funds and property.

It will assist extra folks seize alternatives in international capital markets in 2024, “shrinking the world” and enabling Aussie buyers and merchants to geographically diversify, construct wealth and procure monetary freedom.

“As the price of dwelling continues to creep upwards for a lot of, we strongly imagine our purchasers ought to nonetheless be capable to make investments into their future and benefit from their cash and investments,” Saxo Australia CEO Adam Smith (pictured) says.

“By making costs rather more aggressive within the markets that Saxo operates in, notably our ‘dwelling’ ASX, we wish to make it simpler for brand new and current purchasers to be invested and keep invested within the monetary markets.

“Saxo’s international scale allows us to supply even higher costs, and marks one other large step in establishing enduring win-win relationships with our purchasers.”

What can Australian buyers anticipate from Saxo’s value adjustments?

• Transaction Primarily based: A world and aggressive strategy to all variable and minimal charges, together with as little as AUD 3 for ASX equities
• Foreign money Conversion Charges: Payment standardisation for automated foreign money conversions throughout all markets (0.25% FX fee mark-up)
• Inactivity Charges: Removing of all inactivity charges