Saxo Reveals Fee Cuts to Foster Accessibility in US and Australian Markets

<p>Saxo has announced
reductions in brokerage fees for both US and Australian markets. The company's
move aims to enhance the accessibility and affordability of trading for
Australian investors through transparent, all-inclusive pricing.</p><p>Saxo
Slashes Brokerage Fees</p><p>Saxo's clientele will now benefit from a
noteworthy reduction of up to 87% in brokerage fees for US markets and up to
62% for the ASX. Consequently, trading costs for US equities can be as low as
USD 1, UK equities for as little as GBP 3, and local ASX for as little as AUD
3. </p><p>This fee adjustment extends to various
other financial instruments such as Exchange Traded Funds, Exchange Traded
Products, Listed Options, and Futures, with potential savings of up to 70% on
AUD-denominated futures contracts.</p><p>Global market traders associated with
Saxo will experience a reduction of two-thirds in currency conversion fees, now
standing at 0.25%. This reduction facilitates cost-effective trading by
allowing Saxo clients to hold funds in 11 different currency sub-accounts.</p><p>Adam Smith, the CEO of Saxo Australia,
expressed the company's commitment to facilitating investment despite the
challenging economic environment. He stated: "By making prices more
competitive in the markets we operate in, especially the ASX, we aim to make it
more accessible for both new and existing clients to invest and remain invested
in financial markets."</p><blockquote><p lang="en" dir="ltr">SAXO PRESS RELEASE