Saxo Capital Market is offering its new client a total of S$150 of referral fees for opening a brokerage account with them. On top of that, I will be transferring another S$100 to you as a reward. In total you get S$250!
The catch is you have to execute 3 trades within the promotion period. The minimum funding amount is S$3,000 and you have to hold your funds within for at least 30 days.
Why open a brokerage with Saxo?
According to ValueChampion, the best brokerage for 2019 is Saxo Capital Markets. It offers one of the lowest commission fees in Singapore at 0.10 to 0.12% per trade when most other brokerage commission fees are about 0.25%. What's more impressive is the minimum commission fees is only S$9 to S$15 when other brokerages are charging S$25. A comparison of the local brokerages can be found here.
Saxo Capital Markets Pte Ltd ("Saxo Capital Markets") is a licensed subsidiary of Saxo Bank A/S, an online trading and investment specialist. Saxo Capital Markets has operated in Singapore since 2006 and serves as the APAC headquarters. You may read more about Saxo at their website and on Bloomberg.
I have personally traded using Saxo and have referred a few of my friends. They go on to trade on the platform and have also started referring to their friends for the referral fees as well.
What do I need to do?
Simply type your email below to connect with Jayron and an email will be sent to your inbox. You can reply with your intention for this promotion and the details will be provided.
Open the account, go to their office at Raffles Place to submit the necessary documents.
Fund S$3,000 and trade 3 stocks (find stable stocks that don't fluctuate too much like Comfort Delgro, Breadtalk, Vicom etc). *I will hand hold you here if you need help.
Wait for the referral fees of S$250 to be sent to you after 30 days.
Trust me. Because all businesses start with trust and no money can be made without trust. If you can't trust me, please leave as I am here for people who are hungry for money, not losers.
The terms and conditions can be found here: https://www.home.saxo/en-sg/accounts/referral
I have also emailed them for some quick FAQs.Their reply is in yellow text.
Sent: Thursday, 14 March 2019 9:09 PM
To: Mya Kay Khine (MYAK) <MYAK@saxomarkets.com.sg>
Subject: Re: Saxo Referral promotion
I have a few questions below. Please advise each question accordingly.
1. If my referred friend who had deposited $3k SGD before the promotional period, but commits to her trade after 31 March (end of promotion), will he/she still be eligible for the referral fees?
She will need to do three trades before the promotional period is over.
2. Can I check if buying and selling within the same day constitutes to eligible trades?
i.e. can I buy 100 shares of SingTel, followed by another 100 shares of SingTel, and sell away 200 shares of SingTel in one day and be eligible to be considered as 3 trades?
Any three successful transactions are considered as 3 trades.
3. Is the minimum lot size for Singapore shares 100 shares to buy and sell SGX stocks?
There is no minimum lot size for shares unless stated otherwise.
4. What is the commission for buying and selling 100 shares for each trade in SGD?
It will depend on which exchange.
5, The $3k funds that my friend deposited must remain in Saxo brokerage until 1 May, if deposited on 31 March?
The fund must be maintained for 30 days after funding.
6. Is there any hidden custodian fees?
There's no custody fees for SGX. But there are custody fees of 0.12% per annum, calculated daily but billed to you monthly.
7. How many friends can I refer to this promotional period?
No limit. However, the referral paid out is capped at 5.
You may provide their email address, phone number and full name.