Pricing and conditions

Accounts

Minimum account size

• Accounts from CHF 10’000 or equivalent

Account costs

• Account administration : free of charge
• Safe keeping : free of charge

Payment costs

• Funds entry: free of charge
• Transfer out: CHF 20 / EUR 15 / USD 15 / GBP 10 / JPY 1500

Ordinary shares

• Transfer in Equities: free of charge
• Transfer out Equities: CHF 50 / EUR 50 / USD 50 (per line of equities)
• Corporate actions: free of charge

Tax and other Statements

• Tax statements for Saxo Bank (Schweiz) AG accounts can be provided upon request from clients. Statement is subject to a fee of CHF 250 per statement per account.
• All other non-tax statement requests are subject to a CHF 100 fee per request.
• The fee will be deducted from the concerned account.
• In case of account closure all statements must be requested, executed and paid in full before closure of account.

Product trading rates and conditions (retail)

Note: This is with regards to prices applied to direct customers of Saxo Bank (Schweiz) AG. Those customers whose assets are managed by a third-party manager, or who receive professional advice from a third party, may  be subject to a different price schedule as stipulated in the contracts that these third parties have concluded with Saxo Bank (Schweiz) AG.

• FOREX >>
• FOREX OPTIONS >>
• CFD >>
• STOCKS >>
• FUTURES >>
• ETFs, ETCs and Danish Funds >>
• BONDS >>

CURRENCY CONVERSIONS

Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 17:00 New York time, plus/minus 0.5%.

Interest Charges

Interest on main and sub-accounts

Interest on your main account is calculated on the Net Free Equity and interest on your sub-accounts is calculated on the Account Value.

However, since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account. Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Net Free Equity

Net Free Equity is defined as:

• The cash balance on the main trading account.
• Plus or minus the value of any unrealized profits or losses from open trade exposures in sold FX OTC Options, CFDs, futures and sold exchange traded options on the main trading account.
• Minus the value of Saxo Bank's margin requirements for open trade positions on all accounts. For this purpose, margin requirements are a flat 2% for all FX positions and a flat 10% for all CFD positions.