Saxo Markets Refer A Friend Promotion

Online Trading, Forex, CFDs, Stocks & Investing

Last updated on 23 Apr, 2026 5 min read Brokerage, Investment, Managed Portfolio

Receive SGD 28 Commission Credits and up to SGD 250 Cash when you sign up with Saxo Markets via the referral link.

This referral promotion is available to new clients who are residents of Singapore, Malaysia, Indonesia, or Thailand, subject to Saxo’s prevailing referral terms and conditions.

Commission Credits:

  • Simply fund your account with at least SGD 15 to receive.

Cash:

  • Fund SGD 3,000 and place at least 3 trades to receive SGD 100 cash reward.
  • Fund SGD 100,000 and place at least 3 trades to receive SGD 250 cash reward.

Notes:

  1. Qualifying trades refer to positions traded in eligible products under Saxo’s prevailing referral terms.
  2. You will need to fund your account and place the 3 trades within 30 days of your account approval to qualify.
  3. Eligibility is subject to Saxo’s official referral programme terms and conditions.
Table of Contents

Saxo Markets Singapore Review

Saxo Markets is the Singapore subsidiary of Saxo Bank, a Danish bank that offers an online trading platform for access to global markets.

Saxo Markets has operated in Singapore since 2006 and serves as the APAC headquarters.

Saxo states that its parent company has an investment-grade S&P credit rating.

Saxo Markets Referral: Is It Worth It?

Short answer:
👉 Worth considering if you already plan to fund and trade

  • Low entry: just SGD 15 to unlock commission credits
  • Main reward: up to SGD 250 cash with funding + trades
  • Best for: investors who already intend to trade

Why Consider Saxo Markets (Key Benefits)

Market Commentary and Learning Resources

Saxo provides market commentary, webinars, and platform resources for investors and traders.

Wide Investment Access (Stocks, Funds, A-Shares)

You can invest across global markets, including stocks, ETFs, and over 3,500 mutual funds.

  • Mutual funds come with zero commission and no custody fees
  • Access China A-Shares via Shanghai and Shenzhen Stock Exchanges
What are A-Shares?

A-Shares are shares of mainland China companies denominated in Renminbi and traded on the Shanghai and Shenzhen stock exchanges.

CNH refers to the Chinese Yuan traded in the offshore market outside Mainland China.

Earn Interest on Uninvested Cash

Saxo states that eligible higher-tier clients may earn interest on uninvested cash above a minimum threshold, with rates varying by tier, balance, and currency.

Extended Hours Trading for US Markets

Saxo supports extended hours trading for eligible US securities:

  • Pre-market: 7:00 am to 9:30 am ET
  • After-hours: 4:00 pm to 5:00 pm ET

Extended hours trading carries additional risks, including lower liquidity and wider spreads.

MAS-Regulated Broker in Singapore

Saxo Capital Markets Pte Ltd (‘Saxo Markets’) is authorised and regulated by the Monetary Authority of Singapore (MAS).

License: Co. Reg. No.: 200601141M

Securities Lending | Potentially Earn Extra Revenue

Once Securities Lending is activated, eligible securities in an account may be made available for lending.

Depending on market demand, securities from an account may be lent to third parties. In exchange, clients may receive a share of the lending revenue.

Key features:

  • Setup is fully automated
  • Clients can opt out at any time
  • Clients can still sell eligible securities at any time
  • Custody fee is waived when Securities Lending is activated, subject to prevailing terms

No Platform or Inactivity Fees

Saxo states that it does not charge platform or inactivity fees.

No Online Withdrawal Fee

Saxo states that it does not charge a fee for online withdrawals, although intermediary banks or other parties may still impose charges.

0.25% Currency Conversion Fee

Saxo states that its currency conversion fee is 0.25%.

Fractional Trading

Fractional trading is available in Singapore, allowing you to invest in part of a share instead of buying a full share.

Downsides to Consider

  • Cash rewards require funding and trading activity (not instant)
  • FX conversion fee (0.25%) applies when investing in foreign markets
  • Platform may feel more complex compared to beginner-focused broker apps

👉 Overall: better suited for intermediate investors than complete beginners.

Usage notes

Fund transfer through eGIRO

Clients can transfer funds into their Saxo account by connecting their local Singapore SGD bank account via Direct Debit Authorisation (eDDA / eGIRO).

For more information and detailed steps, visit: ’eDDA / eGIRO: the complete guide and FAQ’

Birthday Benefits

Visit the birthday benefits blog post to find out more.

Staying Safe from Investment Scams

Be wary of scams that take the form of stock tips, fake investment groups, or impersonation of legitimate financial firms.

You can protect yourself and others by observing the following:

  • Change your privacy settings in messaging apps to reduce the risk of being added to random investment chat groups
  • Be cautious of stock tips or recommendations from unofficial sources
  • Do your own research before investing
  • Check the credentials of the company or representatives using sources such as the MAS Financial Institutions Directory, Register of Representatives, and Investor Alert List
A-Shares eGIRO Saxo SaxoTraderGO Saxo Markets SFA Trading
Auntiehuat
Auntiehuat
Web Administrator

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