Author Topic: Saxo US Stocks Commission  (Read 73 times)

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Offline David Morgan

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Saxo US Stocks Commission
« on: 22/08/2019, 08:31:56 AM »
Hi All and SWS

Last week I received advice from Saxo that they will be changing their US Stocks commission from the 16/9/19.  The new rates will be 0.10% (min 9.90USD).  The current rates are 0.10USD/share (min 9.90USD).

I have compared the old and new commissions (excluding exchange fees) for the last 4 sell trades I have made and the new commission works out to be over twice the old commission.

I understand SWS use Saxo and am wondering whether they will be looking to change to another broker?  If so would it be possible to give some guidance on how to move an active portfolio from one broker to another?

Regards
David

Offline Campbell Sinclair

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Re: Saxo US Stocks Commission
« Reply #1 on: 22/08/2019, 11:51:41 AM »
Hi David,

SWS became aware of the upcoming commission changes overnight.

We will not be moving away from Saxo ourselves.

It is prudent to look at personal circumstances to see if their new pricing model is still a sound fit for your portfolio.