Saxobank MENA region promotion

Hi, did somebody checkout Saxobank’s latest promotion at Trade with Saxo’s low prices | Lower fees matter | Saxo Bank ? In the section ‘See how we compare/ Other prices’ they advertise annual custody fees of 0.05% and compare themselves against Swissquote and IG. When you call them, they insist that this fee level is only for VIP traders with more than USD 1,250,000 invested. Very misleading advertising. Or, was somebody actually able to get this rate?

Hey there,

thank you for your comment. Yes, you’re right that the information presented here is not fully clear (I just copy paste the advertisement from their page):

First of all, if you check Saxo’s stock pricing, you’ll find the following information about custody fees which is really different from the one mentioned in the advertisement (even VIP customers have a 0.09% custody fee):

Source is here:

Regarding Swissquote and IG fees, here are additional information:

If you have any other questions, please let us know.

Thank you,