Saxo Markets new margin lending service improves client experience and utilisation of assets

HONG KONG, 27 April 2022 – Saxo Capital Markets HK Limited (“Saxo Markets”), the online trading and investment specialist, announced the improvement of its margin lending service, which will offer a better client experience and broaden the coverage and utilisation of assets to take their investments to the next level.

The improvements include enlarged markets, products, and currencies coverage, increased buying power, all provided through a single integrated account.

• Enlarged markets, products, and currencies coverage to increase clients’ exposure and potential profits: With the improved margin lending service, clients can purchase more than 30,000 eligible stocks and more than 5,500 eligible ETFs and many other products across over 60 leading global exchanges. Clients can also use any currency available through the platform, such as HKD, USD, EUR, JPY, AUD, CAD, etc. Such extensive coverage of margin lending services increases clients’ exposure and potential profits, and takes the diversification of clients’ portfolios to the next level.  
  
  
• Increased buying power to help the clients better utilise their assets: Collateral value is now provided across all eligible assets contained in the margin lending accounts after deduction of a margin haircut, this helps the clients better utilise the assets in their portfolio. And since the collateral is consolidated, clients can have a clear view of their portfolio positions and margin utilizations.
  
  
• Single integrated account to simplify the structure and procedure for clients: Clients can now enjoy a single integrated account rather than separate sub-accounts. The benefit is that all holdings in the margin lending accounts will have their respective collateral value included as part of the margin calculations. This simplifies the account structure for the client and removes the hassle of splitting cash and assets across multiple accounts to realize the functionality of margin lending.

Other than the improvements, margin lending rates and commissions remain at some of the lowest in the market. Clients also don’t have to pay any platform, monthly, dividend collection or inactivity fee, or any hidden fees.

Currently, Saxo Markets charges 0.05% commission for HK equities and USD0.005-0.008/share for US equities. For margin lending, the rates start from 2.10% for HK equities and start from 2.31% for US equities. HK IPO financing rate remains at 0%.

Richard Douglas, CEO of Hong Kong, Saxo Markets, comments, “We are excited to bring an enhanced margin lending service to the clients. As we noticed, investors in Hong Kong often want to leverage margin lending to have more buying power to seize the investment opportunities and gain potential profits. But at the same time, they've struggled with high margin lending rates and the complexities in fee structures.”

“With this suite of enhancements, we improve our margin lending coverage and service based on our broad access to global markets and asset classes, and also keep the fee structure as simple and competitive as possible. The margin lending improvement is another step forward, following the launch of ‘Let’s Trade Better with Saxo’ Campaign last month, several senior appointments, and other upcoming updates we’re working on. Investors can now better utilise their assets and take their investment to the next level by trading with Saxo.” Douglas said.