Finally, our analysts found Saxo Markets's trading platform to have the most intuitive user interface. Additionally, Saxo is one of the best platforms for trading foreign currencies, since its FX spreads are consistently among the lowest available, beating competitors by a significant margin. Through its Saxo Rewards programme, you can get even lower commissions if you invest at least S$300,000 (S$300,000 platinum, S$1,500,000 VIP). On top of its low fees, Saxo offers online trading in 36 global markets, and market-leading commission rates for the major international markets such as the U.S., Hong Kong, and Japan.
Because of these features, Saxo can be effective not just for long-term investors, but also for frequent traders who invest S$100,000 or less.
Saxo is currently holding a great promotion (until April 30th, 2021) where new customers will not have to pay a minimum commission to trade SGX equities. Not only that, Saxo doesn't charge any hidden fees, i.e., no inactivity fee, no platform fee, no maintenance fee, etc. First, Saxo charges just 0.08% commission on trades, with no minimum cost for Singapore stocks ($4 for US stocks), roughly a quarter the cost of what most of its competitors charge. Saxo Markets is the best online brokerage in Singapore because it combines low cost, great market access, and an easy user interface into one platform.
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