Totality Review

Australian investors and active multi-asset traders

ASIC

Why investors choose this broker

Zero minimum deposit lowers the cash barrier to start
No account maintenance or inactivity fees
US stock and ETF brokerage starts from $1
ASX stocks and ETFs from 0.03%, min. 3 AUD

Review summary

Totality is an Australian multi-asset broker, formerly Saxo Australia, offering stocks, ETFs, bonds, FX, CFDs, futures, options and crypto exposure on web, mobile and desktop platforms.

Pros

Zero minimum deposit lowers the cash barrier to start
No account maintenance or inactivity fees
US stock and ETF brokerage starts from $1
ASX stocks and ETFs from 0.03%, min. 3 AUD
Foreign currency sub-accounts are free to open
11 currency sub-accounts can reduce repeated FX conversions
20-day demo includes a simulated USD 100,000 account
Position transfers between Totality sub-accounts are free

Cons

Transfers out cost AUD 50 per ISN, capped at AUD 200
FX conversion costs up to plus/minus 0.45 percent
Saxo-branded platforms were retired on 1 April 2026
Some features, such as level 2 market data, require a subscription
Classic negative NFE is charged at Totality Ask + 8%
Crypto funding and withdrawals are not supported

Company background

Totality is an Australian investing and trading platform formerly known as Saxo Australia. It serves investors who want access to global markets from one account, including stocks, ETFs, bonds, forex, futures, CFDs, listed options, commodities, crypto ETFs, and crypto FX CFDs. Totality Wealth Limited is based in Sydney and holds AFSL 280372.

Fees and pricing

Totality publishes tiered pricing across asset classes. Stock and ETF brokerage starts from $1 on US listings, with ASX examples shown from 0.03% and a minimum of 3 AUD. Forex has $0 brokerage, with example spreads from 0.4 pips on AUD/USD. Futures commissions start from $1 per contract, listed options from $0.75 per contract, bonds from 0.05%, and index CFD brokerage is shown as $0.

Account costs are relatively transparent. Totality says it does not charge account maintenance fees or inactivity fees, and a Totality account can be opened for free with no obligation to fund or trade. Foreign currency conversion is charged at no more than plus/minus 0.45 percent when transferring money into or out of a foreign currency sub-account. Securities transfers out cost AUD 50 per ISN, capped at AUD 200.

Regulation and safety

Totality is licensed and regulated by ASIC. Client assets must be segregated from company assets under its AFSL requirements, with quarterly confirmation and an annual AFSL audit by Deloitte. Client funds are held in segregated client trust accounts with HSBC Australia and NAB, while client securities are held by Saxo Bank with Citi Group acting as sub-custodian.

Platform experience

Totality has moved clients onto Totality-branded platforms. Totality Core is the web and mobile account hub for balances, deposits, withdrawals, foreign currency sub-accounts and support. Totality Edge is the advanced multi-asset trading environment for stocks, ETFs, bonds, FX, options and more. Totality Apex is a desktop platform for active investors, with algorithmic tools, advanced order types and portfolio analytics. iOS and Android apps are available.

Pros and cons

The strongest points are low stated minimums, no account maintenance or inactivity fee, a 20-day demo with USD 100,000 in simulated funds, and a broad set of trading platforms. The main limitations are the outgoing securities transfer fee, the currency conversion charge, and the fact that Saxo-branded platforms were discontinued for Totality clients from 1 April 2026.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Stock and ETF brokerage starts from $1 on US listings, while ASX examples are shown from 0.03% with a 3 AUD minimum. Forex has $0 brokerage, futures commissions start from $1 per contract, listed options start from $0.75 per contract, and foreign currency conversion is no more than plus/minus 0.45 percent.

Fees

Item	Fee
Cfds	Index CFD brokerage $0
Bonds	Commissions from 0.05%, min. 20 EUR
Crypto	Spreads from $3.60 on ETHUSD
Account	Free; no account maintenance fees
Futures	Commissions from $1 per contract
Options	Commissions as low as $0.75 per contract
Platform	No monthly platform subscription fees; some features such as level 2 market data require a subscription
Inactivity	No inactivity fees
Min Deposit	Zero minimum deposit
Fx Conversion	No more than plus/minus 0.45 percent
Securities Transfer Out	AUD 50 per ISN, max AUD 200

Trading platform & features

Platforms

Totality Core
Totality Edge
Totality Apex
Web app
iOS app
Android app
Desktop app

Regulation and investor protection

Totality Wealth Limited holds Australian financial services licence no. 280372 and is licensed and regulated by ASIC. Client assets are segregated from company assets, client funds are held in segregated client trust accounts with HSBC Australia and NAB, and client securities are held by Saxo Bank with Citi Group as sub-custodian.

Broker FAQs

Is Totality safe?

Totality is licensed and regulated by ASIC under Australian financial services licence no. 280372. Client assets are segregated from company assets, and client funds are held in segregated client trust accounts with HSBC Australia and NAB.

Is Totality a scam?

No. Totality Wealth Limited holds AFSL 280372 and is licensed and regulated by ASIC. Client securities are held by Saxo Bank, with Citi Group acting as sub-custodian.

Is Totality regulated and by whom?

Totality is licensed and regulated by ASIC. The company holds Australian financial services licence no. 280372.

Does Totality keep client funds in segregated accounts?

Yes. Totality client funds are held in segregated client trust accounts maintained with HSBC Australia and NAB.

What products does Totality offer?

Totality offers stocks, ETFs, bonds, forex, futures, CFDs, commodities, crypto ETFs, crypto FX CFDs, and listed options.

What does Totality charge for stock trades?

Totality lists stock brokerage from $1 on US stocks. Example pricing shows ASX trades from 0.03% with a 3 AUD minimum and NYSE trades from 0.03% with a 1 USD minimum.

What does Totality charge for ETF trades?

Totality lists ETF brokerage from $1 on US listed ETFs. Example pricing shows ASX ETFs from 0.03% with a 3 AUD minimum and NYSE ETFs from 0.03% with a 1 USD minimum.

Does Totality charge an inactivity fee?

No. Totality says it does not charge inactivity fees.

Does Totality charge account maintenance fees?

No. Totality says it does not charge account maintenance fees.

What is Totality's currency conversion fee?

Totality charges no more than plus/minus 0.45 percent in currency conversion fees when transferring money into or out of a foreign currency sub-account.

What is the minimum deposit at Totality?

Totality lists zero minimum deposit for individual accounts. It also says there is no obligation to deposit funds or trade after opening an account.

Does Totality offer ETFs?

Yes. Totality offers ETFs, including access to more than 7,400 ETFs from 30+ global exchanges.

Does Totality offer crypto?

Yes. Totality offers crypto ETFs and crypto FX CFDs. It does not allow funding or withdrawals in cryptocurrencies.

Does Totality offer options?

Yes. Totality offers listed options, with commissions shown as low as $0.75 per contract.

Does Totality have a demo account?

Yes. Totality offers a free 20-day demo with a simulated USD 100,000 account.

Does Totality have a mobile app?

Yes. Totality provides iOS and Android apps, alongside its web platform and Totality Apex desktop application.

How long does it take to withdraw from Totality after selling shares?

After selling shares, there is a settlement period of two to three days before funds become available for withdrawal. After settlement, the cash withdrawal is sent to the nominated bank account.

Is Totality good for active traders?

Totality is built for active investors and experienced traders. Totality Edge and Totality Apex include advanced charting, order tools, risk controls, and portfolio analytics.

Bottom line

Totality suits Australian investors who want multi-asset market access, professional platforms and published pricing across several asset classes. It may be less suitable for users who want to keep using Saxo-branded platforms or who want cryptocurrency deposits and withdrawals.

Totality

Australian investors and active multi-asset traders

Open Account

Your capital is at risk. Other fees apply.