Saxo Bank launches commission-free trading for popular U.S. stocks for new clients
Saxo Bank launches commission-free trading for popular U.S. stocks for new clients
Saxo Bank has announced an exclusive offer that allows new clients to trade 100 of the most popular U.S. stocks without paying commission. This limited-time campaign, running from September 17 to December 31, 2024, aims to attract new traders by offering a cost-effective way to invest in leading American companies across various sectors, including technology, consumer goods, energy, finance, and more.
The offer covers trades involving well-known companies such as Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Tesla (TSLA), and NVIDIA (NVDA). These are among the most in-demand stocks worldwide, and Saxo Bank is giving traders the chance to trade them commission-free throughout the campaign.
In total, the promotion covers 100 U.S. stocks in several categories:
- Technology: 24 companies
- Consumer Goods: 30 companies
- Energy: 4 companies
- Industrial: 8 companies
- Financials: 10 companies
- Communications: 15 companies
- Basic Materials: 2 companies
The special offer is exclusively available to new clients, defined as individuals who do not currently hold an account with Saxo Bank as of September 17, 2024, and who have not had an account with the bank in the past year. Existing clients and those who closed their accounts within the last 12 months are not eligible for this campaign. Additionally, the offer does not apply to clients with bespoke pricing agreements or specific account types, such as pension or asset management accounts.
To qualify, eligible clients must open a new account during the campaign period and trade any of the 100 listed U.S. stocks. The offer applies only to trades made within the campaign period, and clients must reside in one of the approved countries, including Denmark, Norway, the United Arab Emirates, Saudi Arabia, Singapore, the United Kingdom, and several other European countries.
Saxo Bank also reserves the right to verify participants' eligibility and disqualify those attempting to bypass the campaign's conditions, such as reopening recently closed accounts.
This offer is appealing to retail investors looking to reduce their trading costs, especially when dealing with high-value U.S. stocks. By eliminating commissions, Saxo Bank aims to provide a more accessible platform for new investors to engage with the stock market and diversify their portfolios.
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