Saxo Bank offers commission credits to refund commission fees
Commission credits will automatically take effect
Saxo Bank has introduced an innovative commission credit system designed to refund trading fees for its clients, reinforcing its commitment to cost-effective trading.
The new program enables clients to receive commission credits on Classic, Platinum, and VIP account tiers, either through standard account benefits or promotional offers. Once credits are applied, traders pay all trading fees upfront and then receive a cash refund at the end of each trading day for any commission fees covered by their credit balance.
How it works
To participate in the program, you need to:
1. Register and verify an account.
2. Trade on eligible products such as stocks, ETFs, bonds, futures, options and Crypto ETPs.
3. Commission credits will automatically take effect.
At the close of each trading day, any trading commission fees that qualify for coverage are refunded in cash in the currency of the client’s main account. Clients can monitor their refunds and credit balances directly through the platform, ensuring transparency and ease of use.
Notably, this refund system does not apply to trades in FX, FX options, CFDs, and CFD indices.
Eligible products and market implications
The commission credit system is part of Saxo Bank’s broader strategy to enhance its competitive edge in the digital trading space. By reducing the effective cost of trading on a wide range of financial instruments, the initiative is expected to attract both new and seasoned investors looking to optimize their trading expenses.
As market dynamics evolve, the cost-saving benefits could lead to increased trading volumes and improved liquidity, making Saxo Bank an even more attractive platform for institutional and retail investors alike.
Also recall, Saxo Bank posts record financial results.
