Saxo Bank Switzerland Experience Report Saxo Bank Experience Switzerland Saxo Test Report Saxo Bank Review Switzerland

Saxo Bank experience: Test report and fee comparison

In the world of investments, it is a constant race for the best conditions and the most efficient service. Saxo Bank Switzerland has permanently revised its pricing and is positioning itself as one of the most attractive options for Swiss investors!

With Saxo Bank’s current fees and its innovative ETF savings plans (AutoInvest), even the market leader Swissquote is coming under considerable pressure. With low trading fees, a host of other benefits and an exclusive A bonus of CHF 200 in trading credits for our readers This raises the question:

Is Saxo the new top platform for your investments in Switzerland?

In a nutshell: Saxo Bank (Switzerland) AG is a Swiss bank regulated by FINMA with deposit protection; it has been wholly owned by the J. Safra Sarasin Group since 2026 and requires no custody fee. You can trade Swiss shares and ETFs from CHF 3, and US shares from USD 1. With AutoInvest, you can even buy over 100 ETFs with no commission on purchases.

📊 Saxo Bank: Key facts at a glance
RegulationFINMA-regulated Swiss bank, deposit protection up to CHF 100,000
minimum depositNone
Custody feesNone, abolished in February 2025
CH securitiesfrom CHF 3 (0.08% of the order volume)
US securitiesfrom USD 1 (0.08% of the order volume)
ETF Savings Plan✅ Yes, AutoInvest: over 100 ETFs with no purchase commission
Currency exchange0.25%, significantly cheaper than Swissquote (0.95%)
Tax statement✅ Free of charge
Account groupsClassic (from CHF 0) - Platinum (from CHF 250,000) - VIP (from CHF 1 million)
Inactivity feesNone
BonusCHF 200 Trading Credits via Schwiizerfranke-Link
Who is it suitable for?Cost-conscious investors who want to invest and trade at low cost
💡 Schwiizerfranke assessment: Saxo Bank is currently one of the most cost-effective regulated Swiss brokers: no custody fees, an ETF savings plan with no purchase commission, and very low-cost currency conversion. The main drawbacks relate to the share register (no dividends in kind) and outgoing securities transfers. All brokers in comparison →

Table of contents

About Saxo Bank Switzerland: A brief overview

Saxo Bank was founded in Denmark in 1992 and has a location in Switzerland since 2008. Since March 2026, Saxo Bank has been part of the Swiss private banking group J. Safra Sarasin – and is now wholly owned by it. You’ll find its offices in the Circle, at Zurich Airport. For this review, I visited their office in Zurich and have since even visited their head office in Copenhagen. Both left a very strong impression on me and convinced me even more of the value of their services. Saxo Bank (Switzerland) AG is a a fully licensed, FINMA-regulated Swiss bank and has a Swiss Deposit protection up to CHF 100,000.

Saxo Bank is known for its innovative strength and extensive access to global markets. For a long time, Saxo Bank fees were not particularly attractive, but this has now changed. The reason for the price reduction?

Since Saxo Bank acquired the Dutch bank BinckBank, its customer base has grown significantly: today it serves more than 1.5 million customers worldwide with a Client assets of around EUR 133 billion (end of 2025) and can therefore Extremely favourable conditions offer. This move positions Saxo Bank well ahead in the Swiss market, even ahead of established providers such as Swissquote.

Saxo Bank Referral Code: Redeem your Saxo Bank voucher via the link
Open an account via this link to receive CHF 200

For new Saxo Bank customers resident in Switzerland only. You can find the exact Saxo terms and conditions here described.

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"Intelligent people learn from the mistakes of others".

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New Saxo Bank fees: Extremely good value!

When it comes to buying ETFs or shares worth CHF 1,000, Saxo Bank is one of the most affordable providers on the Swiss market. These low Saxo Bank fees make it particularly attractive to cost-conscious investors.

Here is an overview of the conditions:

  • Swiss shares and ETFs: Order fee from CHF 3 (Minimum fee)
  • US shares and ETFs: Order fee from USD 1 (Minimum fee)

Bonus: You can even buy over 100 ETFs through the savings plan (AutoInvest) without paying any purchase fees. More on this below.

Saxo Bank Experience 1

Order fees

In detail, Saxo Bank’s order fees are as follows:
  • CH securities: Order fees 0.08% of the order volume or at least CHF 3
  • US securities: Order fees: 0.08% of the order volume, or a minimum of USD 1
  • In addition, there is the statutory stamp duty, which applies to all Swiss brokers.
Saxo Bank custody account fees are free of charge!
  • In February 2025, the custody account costs at Saxo Bank were completely abolished.

Saxo has 3 account groups, which makes the Saxo conditions even better:

  • Classic: from CHF 0, affordable entry-level prices as above.
  • Platinum: For deposits of CHF 250,000 or more, or an equivalent trading volume, a commission of just 0.05% and further benefits.
  • VIP: For deposits of CHF 1,000,000 or more, or an equivalent trading volume, the commission is just 0.03%, along with further benefits such as a personal client adviser and exclusive events.

But how do Saxo Bank's prices actually compare with Swissquote and the like?

Comparison: Saxo Bank vs. Swissquote

When it comes to running costs, Saxo is clearly ahead. Swissquote On the other hand, it scores highly when it comes to the share register. An overview of the key differences:

CriterionSaxo BankSwissquote
Deposit feenoneCHF 80 to 200 per year
Buy CH shares for CHF 1,000CHF 3CHF 5
Currency exchange0.25%0.95%
E-tax statementfree of chargeCHF 85
Share register entrynot possiblepossible, free of charge
Deposit protectionup to CHF 100,000up to CHF 100,000

As at September 2026, excluding stamp duty. For ETF investors holding foreign currencies, Saxo is usually significantly cheaper. Those wishing to hold Swiss registered shares with in-kind dividends are better off with Swissquote.

View Swiss broker comparison

The big Saxo Bank advantages

In addition to the low trading fees, Saxo Bank offers a number of other advantages:

  • Saxo ETF savings plan with no purchase commission thanks to the AutoInvest feature, with over 100 ETFs.
  • No custody fees.
  • Saxo Bank Tax statement free of charge available.
  • Swiss deposit insurance up to CHF 100,000.
  • Extremely favourable currency exchange rates at 0.25% (for comparison: Swissquote charges 0.95%).
  • Modern trading platform. Optional: SaxoInvestor provides a simple interface for beginners.
  • All important order types for trading.
  • Free demo account to test the platform.
  • Access to over 23,000 shares on 50 stock exchanges and over 7,400 ETFs worldwide.
  • Trade bonds, options, futures, crypto ETPs and more.
  • Regular free webinars for professional development and an extensive knowledge section.
  • Very transparent presentation of costs and Calculator tools for the fees (more on this below in the instructions).
  • There is no minimum deposit requirement for Saxo Bank.
  • No inactivity fees.
  • A full 200 francs’ worth of trading fees waived for you as a Schwiizerfranke reader!
Saxo Bank Referral Code: Redeem your Saxo Bank voucher via the link
Open an account via this link to receive CHF 200

For new Saxo Bank customers resident in Switzerland only. You can find the exact Saxo terms and conditions here described.

Our financial tips for 2026

"Intelligent people learn from the mistakes of others".

We have compiled our top selection for you from all our tests and experience reports:

Online broker comparison trading platforms comparison Swiss broker comparison test
Swiss bank account recommendation test experience report account
swiizerfranke ebook investment guide switzerland pdf download
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Instructions: Saxo ETF savings plan with AutoInvestor

With AutoInvest Do you set up an automatic Saxo ETF Savings Plan . You choose from a list of ETFs containing over 100 ETFs your favourites, set the weightings and decide on the monthly amount. Saxo then automatically invests your money every month, with no commission on purchases.

Here’s a brief overview of how the instructions work:

  1. Open an account and deposit money, ideally by setting up a monthly standing order.
  2. Open AutoInvest in the Saxo app or on the website.
  3. Select ETFs from the AutoInvest list and set their weightings as a percentage.
  4. Set your monthly amount and activate the savings plan.

Important to note: AutoInvest only purchases whole ETF units. Any uninvested balance remains in the AutoInvest account and can be invested in subsequent transactions. If an ETF is quoted in a foreign currency, a currency conversion fee of 0.25% applies, plus the statutory stamp duty. There are no custody fees or minimum deposit requirements.

This makes the Saxo savings plan one of the most cost-effective ways to buy ETFs regularly in Switzerland. Anyone wishing to buy ETFs not included on the AutoInvest list can simply do so via a standard order, as shown in the following guide to SaxoTrader.

Insight and instructions for an ETF purchase with SaxoTrader

To buy ETFs with Saxo, log in to the SaxoTrader . There, for example, you can use the Search search for securities at the top right and optionally even for Filter security categories.

For example, if you enter the ISIN of an SPI ETF there, which you have previously identified using our guide Which ETF for beginners Once you have selected it, it will be displayed directly in SaxoTrader.

Saxo Bank Experience 2

Clicking on the blue «Trade» button opens the trading module, where you can place an order to buy (or, later, to sell).

Let’s say you have a budget of 1,000 francs, so you click to increase the number of units until the nominal value shown matches your budget.

The Duration The order can also be set. By default, it is set to G.T.C., which stands for «Good till Cancel», meaning «Valid until cancelled». Alternatively, you can also set a time limit on it.

In this example, the trading fees amount to CHF 3.73 – that is, CHF 3 in commission plus the statutory stamp duty. You can find out more about this by clicking on the «Trading fees» box:

Saxo Bank Experience 3

You will then gain a clear insight into the exact Saxo Bank Trading Fees and see how the costs are calculated.

But SaxoTrader doesn’t stop there; by clicking on the «Costs» tab, it even gives you the option to Saxo costs to be calculated according to holding period.

In the following screenshot, some things are cut off for reasons of space, but you will then be shown how high the custody account fees, the TER or other one-off and ongoing Saxo Bank fees are over the desired holding period! A very good feature, which we therefore emphasise here in the Saxo Bank Review!

Saxo Bank Experience 4

You can close these details by clicking the «X» in the top right-hand corner, which will take you back to the previous view. If you click «Place order» Click here to view a final, clear overview of your chosen order, after which you can place it.

Saxo Bank Experience 5

Is there also a Saxo Bank review?

By acquiring BinckBank, Saxo Bank is able to offer a new, very affordable service for investors in Switzerland. However, if we could make a few wishes, we would improve a few aspects of the platform and thus improve the following Saxo Bank disadvantages:

  • No entry in the register of shareholders: At Saxo, you cannot have Swiss registered shares entered in the share register or register of registered shares. This means that Dividends in kind such as Lindt chocolate or mountain railway tickets, but you’ll still receive your cash dividend as normal. You can vote via the paid Proxy Voting (more info here). If you value dividends in kind, you’re better off holding these positions with a broker such as Swissquote or PostFinance. Find out more in our guide to Swiss Share Register.
  • AutoInvest with a limited selection: The commission-free savings plan includes around 100 ETFs. You can buy all other ETFs as normal by placing an order.
  • The cost of a title transfer is: If you wish to transfer your securities to another bank at a later date, Saxo charges CHF 50 per position.
  • SaxoTrader is comprehensive right from the start: For beginners, the sheer number of features can be overwhelming. SaxoInvestor, however, offers a much simpler interface.

In my view, these disadvantages highlighted by Saxo Bank carry less weight for long-term ETF investors than for active traders or investors for whom direct registration of Swiss registered shares is important.

Note: In the past, we had criticised the fact that Saxo did not offer an automatic savings plan, a simplified user interface or the option to cast votes. Saxo has introduced all of these features within a very short space of time. The only thing still missing is direct entry into the share register.

SaxoTrader app, web or desktop solution?

You can use the SaxoTrader Use the solution on different devices. Since November 2025, the former SaxoTraderGO and SaxoTraderPRO platforms have been merged into SaxoTrader. You can use it on the Web browser, as a desktop version or as a App for iOS and Android.

The web solution works tidy and is quickly grasped after a short time. It may be a bit much for beginners at first, but there is a big advantage. Help area, who can help you get the most out of the service. You can also contact customer service by telephone, email, chatbot or support ticket.

The platforms are on German, French, Italian and English available. With the free demo account You can try out SaxoTrader risk-free for 20 days.

In 2024, Saxo launched the simplified platform SaxoInvestor for beginners and long-term investors and AutoInvest, an automatic ETF savings plan with over 100 ETFs without purchase commissions.

Our financial tips for 2026

"Intelligent people learn from the mistakes of others".

We have compiled our top selection for you from all our tests and experience reports:

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Conclusion on the Saxo Bank Switzerland experience

The outstandingly favourable conditions and the cutting-edge platform Saxo Bank is responsible for price-sensitive investors very attractive in Switzerland. You can find mostly positive reviews for Saxo Bank Switzerland. On Trustpilot, Saxo Bank (Switzerland) AG has a rating of around 4 out of 5 stars based on over 300 reviews (as of August 2026).

In the broker comparison, Saxo Bank clearly emerges as the cheapest provider in terms of trading fees.

The function for a automatic ETF savings plan It works very well, and the simplified SaxoInvestor interface, which has been available since autumn 2024, is also very user-friendly. However, anyone wishing to hold Swiss registered shares with non-cash dividends must forgo entry in the share register.

If you’d like to take advantage of this opportunity and benefit from the low fees, please use the link below to open an account. This will support this blog, enabling research of this kind, and you’ll even receive 200 francs in trading fees gift!

Have you already switched and gained your own Saxo Bank experience? Feel free to share your test experiences in the comments!

Saxo Bank Referral Code: Redeem your Saxo Bank voucher via the link
Open an account via this link to receive CHF 200

For new Saxo Bank customers resident in Switzerland only. You can find the exact Saxo terms and conditions here described.

FAQ

Under the Swiss Financial Services Act (FIDLEG or FinSA), retail investors require a key information document which sets out most of the US ETFs do not have. Consequently, Saxo Bank – much like Degiro under EU rules – cannot offer all US ETFs to Swiss investors.

In practice, this isn’t a major problem for most investors. The major indices are also available as ETFs domiciled in Ireland or Luxembourg. These are easier to manage and do not carry any US inheritance tax risk. On the other hand, with Irish ETFs, a portion of the US withholding tax is lost. We’ll show you which ETFs are suitable for getting started in our guide Which ETF for beginners.

Example: You can therefore also buy the popular iShares Core S&P 500 UCITS ETF, which is domiciled in Ireland and has a TER of around 0.07%, at Saxo Bank.

Saxo Bank has been offering this service since June 2024 Securities Lending for customers in Switzerland.

The Securities Lending is optional, i.e. voluntary, and is rewarded with an additional return.

The proceeds are split 50/50 between you and Saxo. Saxo provides collateral amounting to at least 102% of the market value, which is valued daily and held in a separate Swiss custody account. Whilst securities are on loan, you do not have voting rights in respect of them.

Watch out: There are, however, risks involved. If the bank becomes insolvent, you will not get your securities back, but will instead be paid out as a priority from the collateral. A residual risk therefore remains (Counterparty risk).

Unlike other providers, Saxo appears to be in a more secure position when it comes to securities lending; nevertheless, Schwiizerfranke’s general advice is not to enter into securities lending arrangements with funds intended for other purposes.

Saxo Bank has undergone a significant change of ownership: in March 2025, the renowned Swiss private bank J. Safra Sarasin the acquisition of a A majority stake of approximately 70% . The purchase was finalised in March 2026. The shares had previously been held by Geely Financials Denmark (a Chinese company) and the Mandatum Group.

In July 2026, J. Safra Sarasin also acquired the remaining shares in Founder Kim Fournais taken over. Fournais remains on board as Chairman of the Board of Directors; the new CEO is Daniel Belfer. Saxo Bank continues to operate as independent company, which is Stability ensures.

Saxo Bank’s ownership structure is currently as follows:

  • J. Safra Sarasin: 100% (via Saxo Holding AG)

For Swiss investors, this change means a Additional securityas J. Safra Sarasin is now a Swiss bank with a long tradition is the sole owner. Naturally, Saxo Bank (Switzerland) AG remains regulated by FINMA and has a Fully-fledged Swiss banking licence with the usual Deposit protection up to CHF 100,000.

Yes, Saxo is safe and reputable. Saxo Bank (Switzerland) AG is a company regulated by the FINMA a regulated Swiss bank and is wholly owned by the Swiss private banking group J. Safra Sarasin.

  • Cash: The balance in your account is held via the Swiss Deposit protection covered up to CHF 100,000.
  • Securities: Your shares and ETFs belong to you. If the bank goes into liquidation, they will be set aside in your favour and will not form part of the liquidation estate.
  • Platform: Login is protected by two-factor authentication; deposits and withdrawals can only be made to or from accounts held in your own name.

Of course, you still bear the market risk – that is, fluctuations in the value of your investments – yourself.

Sources:

Notice: Saxo’s offering is aimed exclusively at individuals resident in Switzerland and is governed solely by the regulatory provisions applicable in Switzerland.

53 responses

  2. Is there a good portfolio tracking app with synchronisation capabilities for Saxo Bank? The Parqet app doesn't offer this feature, but perhaps someone knows of another app that does.

    Reply

  3. Hello,
    Are SaxoInvestor and Saxo Autoinvest different apps?
    I have now downloaded the investor app and made my first deposit. I would like to buy ETFs and also save monthly. Am I on the right track, or would I need to do something different for the auto-invest solution?

    Reply

    1. Hello Tom,
      You can use Autoinvest within the SaxoInvestor app, so you're in the right place 🙂 You can also see this in the short Saxo tutorial video in this blog post.

      Reply

  4. Hello Eric

    I opened an account with Saxo-Bank today and would like to start an auto-invest with MSCI World and MSCI Emerge Markets, each with a 70/30 allocation.

    I also opened a currency account in US dollars to save on exchange fees.

    Have I set up my savings plan sensibly?

    Reply

    1. Hello Rafi
      Congratulations on your step!
      Do you still have USD that you can deposit here - or how did you come up with this idea?

      The Msci World / Emerging Markets allocation is classic for international portfolios. In Switzerland, many investors add a CH component (e.g. SPI) in order to reduce currency risks and fees.
      Here read more.

      No investment advice

      Reply

  5. Question:

    In addition to "Ongoing costs", which correspond to the TER of the ETF, Saxo Bank also lists "Portfolio costs". This means that some of the costs are significantly higher than the TER, which should actually be the total costs. Is this a fee charged by Saxo Bank or is it part of the product and the same for all banks?

    Reply

    1. Hello, Thomas,

      That's a very good point!
      The "portfolio costs" at Saxo Bank include not only the TER of the ETF, but also other internal product costs such as swap fees or transaction costs of the fund. These costs are not charged by Saxo, but are part of the ETF itself - they are simply shown more transparently by Saxo than by many other providers. So you don't pay more, it's just displayed more clearly.

      Reply

  6. Hello Eric
    What happens when Saxo Bank is taken over by Bank J. Safra Sarasin? Will all the conditions change then?

    Reply

  7. Hello Eric

    I recently came across Schwiizerfranke and find it all very comprehensible and informative. Many thanks for that.
    I would like to set up an ETF savings plan with AutoInvest. I would pay in a small amount every month. Since I have no experience with investing in ETFs, I think it makes the most sense to just invest in one ETF at a time, right? Which one makes the most sense? The ACWI?

    Thank you very much for your answer.

    Reply

  8. Hi, Eric,
    I have been trying to use the link for opening an account but I cannot find the link as mentioned on the page.
    Can you please guide me.
    br
    vin

    Reply

  9. Hello Eric

    I wanted to open a custody account with Saxo Bank in order to make my future investments there. I came across the following question, which is probably also relevant for custody accounts with other brokers: The money that I want to invest belongs to me and my wife jointly. It is currently held in a partner account at a bank. How can I map the partner structure in a custody account so that we can both access it? In principle, this is similar to a conventional account.
    Is there such a thing with custody accounts and in this case specifically with Saxo?

    Many thanks for your help

    Reply

    1. Hello Reto,
      That's a good question - it always depends on the broker/bank in question. Shared access would probably be the simplest solution, i.e. using a shared e-mail address and password.
      If you want to separate the funds, two accesses would probably be necessary, I think that should also be feasible with Saxo. Otherwise, feel free to ask the support team and share your experience here for others!

      Reply

      1. Hello Eric

        Thank you for your quick reply.
        I contacted Saxo's support team and someone actually replied very quickly and sent me the account opening documents for a partner account by e-mail. I felt like I was back in 1990 and had to wade through about 50 pages of forms 3 times (once per person and once together). I also needed a confirmed copy of my ID on paper (costs CHF 15 per person) and a confirmation of residence for both people. After various back and forth, I have now managed to open the account as requested after more than a month. However, I still need to access it online, so the next documents will be on paper.
        Conclusion: It's possible, but it's not a walk in the park, involves fees and a lot of effort and you can't get rid of the feeling that you're not really welcome at Saxo in this constellation...

        Reply

    2. Hello Relabs
      In this case, you should open an account/deposit that concerns two beneficial owners, i.e. your wife and yourself.
      The relevant documents must be requested from Saxo Bank by telephone or e-mail.
      Don't forget to mention that you want to benefit from the free CHF 200 trading fees.

      Greetings binmaley

      Reply

  10. Hello, Eric,
    Do you have any experience of how long a title transfer from IBKR to Saxo takes and how much does it cost?
    Do you only have a cash account or also a margin account?
    I have noticed that certain US ETFs cannot be traded. What about JEPI, JEPQ, TQQQ, SPY, XMMO etc., for example?
    Can you provide tax documents for the annual financial statements as requested by the CH authorities?
    Thank you and best regards,
    Elisa

    Reply

    1. Hello Elisa,
      I have no experience of a title transfer in this case. Perhaps someone else can share some? ...
      Selling a title is often more favourable than a transfer, which should always be checked individually.

      Personally, I do not have a margin account and would not use one.
      Tax documents will of course be provided!

      Reply

  11. Hello,
    This AutoInvest seems interesting. Is it possible to sell some of the ETFs held in the AutoInvest account or do we have to keep everything until the account is closed?

    Reply

  12. The AutoInvestor custody account appears to be separate from the actual custody account. According to Saxo, a transfer is also not possible. Do you see this as a disadvantage? Would this mean that you would have to sell all positions in the event of a future transfer?

    Reply

    1. It depends on what you intend to do. I don't think it's a disadvantage and generally not necessary to sell positions and buy new ones in Autoinvest - or what would be your reason for doing so?

      Reply

      1. Basically, I would like to set up an ETF savings plan. I still have a few individual shares with Swissquote as well as the savings plan. All securities are in the same account. If I now transfer everything to Saxo, I have the existing securities in one account; if I continue with AutoInvest, I have them in another account.

        Reply

  14. Good day,

    does max.10CHF monthly custody account fee mean that even a custody account worth 1,000,000CHF only incurs an annual custody account fee of 120 CHF?
    The personal contact person is always the same, or an employee who is currently free?
    As a German citizen resident in Thailand, can I open an account with
    open a Saxl Bank account?

    Thank you for answering my questions and best regards.

    Volker Dittrich

    Reply

    1. Hello Volker,
      Correct, the custody account fees are capped.
      The other two questions are best asked directly to Saxo.

      Love!

      Reply

  15. Hello Eric

    Can structured products such as BRC or Mini Futures listed on the SIX or BX be traded via Saxo Bank?

    Does the ETF savings plan also include ETFs on international equities that have the trading currency CHF? With the currency fees, the purchase is then no longer free of charge.

    Dear greetings
    Reto

    Reply

    1. Hello Reto
      Correct, the fees for currency exchange still apply. However, there are of course securities that you can trade in CHF, for example on the SIX.
      Saxo offers a free demo account for testing, where you can find out about any products. (I don't trade BRCs or futures myself).

      Best regards 🙂

      Reply

  16. I was so looking forward to Autoinvest, but now it only offers whole units and only a limited selection of ETFs :-(. It's a shame that brokers from Switzerland still don't offer the same range as foreign providers.

    Reply

    1. Unfortunately, there are no fractional shares yet, but maybe that will change ... 🙂
      However, as there are many ETFs to choose from, you are sure to find ETFs with lower unit costs so that the sum is no longer a problem.

      Reply

      1. That's right, it shouldn't be a problem for the main part of my portfolio. However, for a 1-ETF solution there is really only the ACWI to choose from, but that's okay. It's more difficult for the CHF portion. The ETF I've chosen is one that I could only save in every 3 months or so at the moment.

        Reply

  17. I registered with Saxo via this link, deposited CHF 200, but did not receive a credit note

    Reply

    1. Hello Uwe,
      After a few working days after your first deposit you should find the credits here:
      Click on the info symbol at the bottom left and see the trading fee credits of CHF 200 in the account details.

      Did that work?
      If not, please let me know and I will support you!
      Kind regards
      Eric

      Reply

      1. Hello Eric
        I also opened an account with Saxo via your link, deposited and made 3 trades. Now you have said that there is an info sign "bottom left" to see the receipt of the 200 fee credit - where is this at the bottom left (on the PC)? I don't think I have received this GU. Furthermore, your advert said that the tax statement was also free. Where can I find confirmation of this?
        What do you think about securities lending? The risks are actually covered, but....???
        Many thanks for your information

        Reply

        1. Thank you for your comment, Markus.
          You can find information from me on securities lending in the article, but I personally don't use it - because risks quickly become opaque in a financial crisis and in extreme cases the entire portfolio would be jeopardised.

          About the Saxo code: Please write to customer service (it's very easy) or call them and tell them that you came via Schwiizerfranke. Then they will activate everything for you.
          Kind regards,
          Eric

          Reply

  18. Hello Eric

    I opened my account today thanks to your information.
    When will the CHF 200.00 appear in the account?

    Reply

    1. Hello Micael,
      Thank you for using the link!
      Have you already made a first deposit? You must make your first deposit within 30 days (1 franc is enough).

      You will then find the 200 franc credits within 1-3 working days as follows:
      - Click on the info symbol at the bottom left
      - In the account details you will find the "Trading fee credits" of 200 francs.

      Kind regards,
      Eric

      Reply

  19. Hello Eric

    Is it possible to generate and download an e-tax statement yourself or is this only possible via support?

    Reply

    1. Hello Martin,
      the correct e-tax statement must be requested. However, in my opinion, you can do without it and use the (self-generated) transaction report to do your taxes - of course only if you don't have too many transactions. Otherwise, the Saxobank tax statement definitely makes sense.

      Reply

  21. Hello Eric
    Too bad you didn't include yuh in this comparison - that would certainly have been informative...

    Reply

      1. Hello

        I have a question about US ETFs. Due to the regulations mentioned, it is said that you cannot buy them. I have opened a test account with Saxobank and found the VT ETF in the ETF search. Can I now trade it or not?

        Thank you in advance and best regards
        Josh

        Reply

  22. Hi Eric

    Can you please take another look at the Saxo. The fees have been massively reduced. Looks pretty promising. Your opinion would be interesting.

    Thank you and greetings
    Tom

    Reply

    1. Hi Eric

      Yes, I would be very interested in that too.
      I am currently leaning towards a switch from IBKR to Saxo.

      Many thanks in advance

      Greetings
      Gio

      Reply

          1. 😂 I sometimes spontaneously suspend the spelling and grammar rules in the comments section.

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Saxo Bank Switzerland Review 2026: Test & Fees
Saxo Bank Experience 6

Saxo Bank Switzerland: from CHF 3 per trade, no custody fees and commission-free ETF savings plans. Security, drawbacks & a CHF 200 bonus.

Price Currency: CHF

Operating System: Web

Application Category: Investment

Editor's Rating:
4.7
Cover: Investment Guidebook

Free guidebook

Your Investment Guidebook

How to get started with investing in Switzerland on a budget and in a structured way

  • The 3-account model: keeping your finances in order, automatically
  • ETF savings plan, Pillar 3a with shares, broker: where to get started affordably
  • 3 tips for getting started and how to save on fees

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