Saxo UK: tiered FX versus cash transfers
Compare tiered trade conversions with 0.25% cash-account transfers on an equal assumed amount.
Two distinct schedules
General charges lists Classic 0.60%, Platinum 0.40% and VIP 0.20% trade conversion, while cash transfers between currency accounts remain 0.25%. VIP does not price every conversion action.
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Diagram explained
Identify the action as well as the tier
- EUR 2,000: 0.60% / 0.40% / 0.20%
- Assumed markups: EUR 12 / 8 / 4
- 0.25% cash transfer → EUR 5
Same assumed EUR 2,000
On EUR 2,000 equivalent, illustrative markups are EUR 12, 8 and 4 by tier; a 0.25% cash transfer is EUR 5. Actual mid-rate, direction, rounding and tax are excluded.
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Settlement, not margin collateral
The source excludes margin collateral but includes actual payments such as cash-stock settlement, option premiums and converted P/L. Do not multiply the percentage by full exposure merely because margin is used.
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Custody and credit stay separate
Help says monthly custody booking converts to account currency without conversion fees; that does not waive trade FX. Referral credit likewise does not reimburse every fee type.
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Register for up to 100% trading fee rebates
Rebate details
Contact FINEX to confirm the rebate rate, eligible fees and account conditions before registering. contact@finexbroker.com
Your next step
Sources and scope
Sources are provider publications. Conditions may vary by entity, country, account and program. Recheck before signing up.