Updated: Jul 30, 2020
Disclaimer: This article is meant for an informative purpose which does not constitute financial advice or recommendation of any sort. I will assume no liability to the accuracy or completeness of the information provided here and you shall exercise your due diligence to benefit from the information presented.
Saxo Capital Markets (SCM) is offering new clients (referred by existing clients) S$100 for opening a brokerage account with them. The brokerage account is a good start for people looking to gain access to investment to specific stocks in the market at low commissions (instead of traditional investment linked plan offered by insurance agents or mutual funds offered by bankers).
As a referee, I will also be offering you S$50 cash out of my pocket to make this a better deal for you. In total, you will receive S$150. (To be honest, I receive $250 for referring you, so I think I share some further rewards to you). All transactions are secured, safe and legit and I have successfully referred several clients. You may refer here for reviews/testimonials.
So how do you proceed?
Contact me via my Facebook group or at my Carousell page and I will help to register you in the referral scheme with SCM. SCM will then send you a referral email which you can open the brokerage account
Refer to the account opening guide (<<== click) to assist in your account opening
Next, you need to deposit S$3,000 into the account which has to be kept in the account for at least 30 days (If you don't have $3,000 in your bank account, then sorry this is not for you).
Then, you have to execute 3 trades on margin products such as Spot Foreign Exchange (Forex) within the promotion period. Among past successful referrals I've made, I usually recommend them to trade USD/SGD as it is more liquid.The detailed trading procedure is described below
In your first trade: Buy US$1,000 with S$1,380 (If exchange rate is US$1 : S$1.38)
In your second trade: Buy another US$1,000 with S$1,380
In your last trade: Sell the US$2,000 immediately back to S$2,760
In between, you will incur some commissions fees (less than S$10) which you can think of as cost of business. Also don't worry about USD/SGD fluctuations as the amount you trade is so small and given that you execute all the trades in a short period of time (less than 30 mins), the fluctuations is really negligible (a few cents difference at best).
The final checks/steps are listed below.
Keep whatever balance you have in your brokerage account for one month, and SCM will deposit S$100 into your brokerage account at the end of 30 days
Show me the screenshot that your referral cash has been deposited into your account by SCM, and I will transfer the agreed S$50 to you via Paylah/Paynow/Meetup
You can choose to continue trading with SCM or just withdraw all the cash out. Cheers!
Why open a brokerage with Saxo?
Saxo Capital Markets Pte Ltd is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark.
It offers one of the lowest commission fees in Singapore. For SG stocks, the commission is at 0.08% per trade (min S$10) when most other local brokerage commission fees are at 0.25% per trade (min S$25). For US stocks, the commission is at 0.06% per trade (min US$4) which is really competitive as well.
You can have access to specific global stocks such as Facebook, Google, Amazon in US exchanges; Ping An, Tencent in China exchanges and a myriad of other asset classes such as ETFs (e.g. S&P 500, Nasdaq ETFs) , FX, Futures, CFDs etc.
Last but not least, you can start referring your friends and family to open the brokerage account to earn referral fees as well! This can become your side income with low time investment!
Below is a screenshot of my successful referrals fees which had been deposited into my brokerage account.
The terms and conditions for this referral can be found here: https://www.home.saxo/en-sg/accounts/referral
Like all successful deals, take action and contact me asap! If you ever want to get involved in investment, the first step is to open a brokerage anyway. Having an additional $150 head start is a good way to subsidise your learning curve. Get your hands dirty TODAY!
If you are ready to deal, message me through Facebook.
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