Saxo Bank Trading Fee Refund (How to Get CHF 200 Back Fast)

Did you know that many Swiss investors pay unnecessarily high trading fees, even though there are ways to get part of those costs back? I remember my very first order at Saxo Bank very clearly. I assumed trading fees were fixed, until I discovered the commission rebate system in the form of trading credits.

In this article, I explain step by step how trading fee rebates work at Saxo Bank, who is eligible, and how you as a Swiss investor can reduce costs in a smart and structured way.

If you have never bought an ETP before or are still unsure how these products work, it helps to start here: (einfach-erklaert-exchange-traded-product-etp) or /etps-schweiz-was-musst-du-wissen. This will give you a solid foundation before you begin.

What is a trading fee rebate?

A trading fee rebate is a credit that refunds part of the trading commissions you pay at Saxo Bank.

It is available to both private and institutional clients, depending on the account type. These commission credits are not a temporary discount or promotion, but a standard feature for eligible users.

In practice, this means that depending on your account segment or a specific promotion, such as a referral or welcome offer, you may receive commission credits. These credits are then used to offset trading commissions for shares, ETFs, bonds, futures, options and crypto ETPs.

You initially pay the trading fee as usual. At the end of each trading day, eligible fees are refunded up to the amount of your available credit balance. Unused credits may expire and cannot be paid out in cash.

From personal experience, this rebate becomes particularly noticeable if you trade more frequently. The difference is reflected in your portfolio sooner than you might expect.

Requirements for receiving the rebate

Whether you receive commission credits and how much you receive depends on the conditions linked to your chosen Saxo account type or a specific offer.

It is important to note that credits have a validity period, typically three months, and only apply to the products mentioned above. Once the validity period ends, unused credits usually expire.

How the rebate is calculated

There is no complex percentage formula involved. What matters is your available credit balance.

Trading commissions you pay for eligible products such as shares, ETFs, investment funds or bonds are refunded at the end of the trading day, as long as your credit balance is still available and valid.

How quickly you use up your credits depends on which products and markets you trade, as well as the level of fees associated with them.

With a bit of experience and the right tools, it becomes clear which trading behaviour allows you to make the most of the rebate system.

How the refund is applied

Refunds are applied automatically at the end of each trading day for eligible fees, provided that you still have a valid credit balance.

Commission credits are not paid out in cash. It is therefore worth checking regularly whether credits have been applied correctly. This helps ensure that you do not leave potential savings unused.

Practical tips for Swiss investors

Check regularly whether your rebates are applied correctly. Comparing Saxo’s fees with those of other brokers can also be helpful.

You can combine the rebate system with multi-asset ETPs or other products to optimise both costs and risk management. More information on this can be found here: (etps-sicher-risiken-schutz-schweiz).

Another useful tip is to make use of Saxo Bank’s tools and reports. These help you analyse trading costs and use commission credits as efficiently as possible.

Common mistakes and pitfalls

Not all products or fees are eligible for commission credits, so it is important to know which trades qualify.

Commission credits usually expire after around three months, which means unused credits may be lost.

Avoid trading more frequently just to use credits. Other costs such as spreads, foreign exchange conversion fees or third-party charges can easily outweigh the rebate.

Where it makes sense, adjusting your trading strategy can help you benefit more from the rebate system without increasing unnecessary risk. Planning and oversight are key.

Conclusion

The trading fee rebate offered by Saxo Bank is an effective way to reduce trading costs and improve long-term returns.

Investors who understand the conditions, monitor their credits and plan their trades carefully can achieve noticeable savings over time.

Call to action: Review your past trades at Saxo Bank, make use of the trading fee rebate, and combine it with ETPs and other products to reduce costs while strengthening your portfolio: (etps-sicher-risiken-schutz-schweiz). If you are new to ETPs, this guide will help you get started: (etps-schweiz-was-musst-du-wissen).

FAQ

1. Who is eligible for the trading fee rebate?
   Eligibility depends on your account type or a specific promotion. Conditions vary by offer.
2. How is the rebate calculated?
   Eligible trading commissions are refunded at the end of each trading day until the available credit balance is used up or expires.
3. Do I need to pay tax on the rebate in Switzerland?
   The rebate is considered a fee reduction or refund. Transaction costs are generally not tax deductible in many cantons.
4. When is the rebate credited?
   At the end of each trading day.
5. Are there any restrictions or pitfalls?
   Yes. Credits apply only to certain products and fees, they can expire, and they are not payable in cash.