Pricing will not change materially on the migration date, however, components within the pricing structure will evolve. We have sent out information regarding this in a previous email. There will be a change in trading fees once you are migrated. We will remove the fixed component that you are paying now, as it is not supported by Saxo Bank. Instead of the fixed component, there will be an adjustment in the transaction and/or service fee. Once migrated, trading fees will be in the local currency. If your current pricing is based on an ‘all-in fee’, you will not experience any changes to your pricing components following the migration to the Saxo platform.
Exchange fees is a container message for all sorts of legislative fees.
- Stamp Duty, in Binck we charge this already separately in every transaction where applicable
- US SEC Fee, in Binck we did not charge this separately, as we could not identify it. In Saxo we can, so after migration we will book this along with the transactions separately.
If you are not already in dialogue with your relationship manager about your price plan, please reach out to discuss these changes.