HMS Markets

 

Readers looking for a Luxembourg account have enquired about HMS Markets, alongside the better-known Internaxx and Keytrade. While the firm is a relatively long-established institutional broker-dealer, its stocks, futures, CFDs and FX trading service for retail investors is a rebadged version of the Saxo Bank platform.

In common with most Saxo white labels, commissions seem to be the same as they are through Saxo, although the minimum account size is smaller, at €5,000. Other than that, there doesn’t seem to be any particular reason to use HMS Markets as opposed to opening an account directly with Saxo.

Markets available
Online tradingAustralia, Austria, Belgium, Canada, Denmark, Finland, France, Germany - Frankfurt, Hong Kong, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK, UK International Order Book, USA, USA OTCBB and Pink Sheets
Telephone tradingn/a
Dealing commissions and charges
Typical online~€10-20
Online detailsAustralia 0.1% (min A$24.95), Canada C$0.03/share (min C$24.95), Europe 0.1% (Denmark min DKK29, Eurozone min €11.95, Norway min NOK65, Sweden min SEK65, Switzerland min CHF17.95, UK min £7.95, UK International Order Book min U$19.95), Hong Kong 0.15% (min HK$150), USA US$0.02/share (min US$14.95)
Typical telephonen/a
Telephone detailsn/a
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksNone
Dividend chargesNone
Corporate action chargesNone
Currencies
Currency conversion charges0.5% margin on interbank rate
Hold cash in foreign currenciesYes
Currencies allowedAUD, CAD, CHF, DKK, EUR, GBP, HKD, NOK, SEK, USD
Other details
Tax-advantaged accountsNone
Other products and servicesCFDs, futures, FX, metals
Minimum account size€5,000
Company locationLuxembourg
Further informationVisit the HMS Markets website

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 Posted by at 3:40 pm