Dear partner,
The migration does not entail material changes of your terms and conditions. While pricing will not change materially at migration date, pricing components will evolve.
- We will start migrate our partner business (Binck prof) in Q1 2022.
- There will be a change in trading fees once you are migrated. We will remove the fixed component that you are paying now as it is not supported by Saxo Bank. As an example, ”€10 + 0,10% (min € 10)” simply becomes ”0,10% (min € 10)”. Instead of the fixed component, there will be an adjustment in the transaction and or service fee.
- Once migrated trading fees will be in local currency.
- Before you are migrated, we will approach you individually about these changes.
All Independent Asset Managers who currently have a fixed component in their pricing structure will be allocated a temporary pricing plan based on your 3 year trading history. The goal is to keep your pricing at the same level, but with minor adjustments to compensate for leaving out the fixed part of the transaction cost.
When you have become more familiar with the trading features and pricing options at Saxo Bank, your preferred pricing plan will be chosen later this year in collaboration with your relationship manager.
If your current pricing is based on an ‘all-in-fee’, you will not experience changes to your pricing components following the migration to the Saxo platform.
On behalf of Saxo Bank and the entire team,
Best regards,
René Kirkels
Managing Director
Saxo Institutional Mid-European Region
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