{{ "2016-01-27 08:00:00Z" | moment:{inputFormat: 'YYYY-MM-DD HH:mm:ssZ'} }}

PLATFORM TIPS: Sub-accounts and segregated accounts for Premium Clients

Premium clients can request additional sub-accounts from Saxo Bank in any currency, for example to segregate:

platform tips

Trading currencies

Establish sub-accounts for instrument currencies you commonly trade to eliminate paying conversion fees on each individual trade back to your account currency.

Portfolios

Sub-accounts are also commonly used to establish separate portfolios where you can monitor and track the performance – using the performance tools in the Account Overview of SaxoTraderGO for example.

Segregated sub-accounts

By default, sub-accounts share funds and margin so that you don't need to hold funds on an account to open positions from that account. 

You can now request the segregation of sub-accounts to prevent the funds or margin on one account being used for trades on another. If you try to place trades on a segregated sub-account with insufficient funds, the trade will be rejected.

Notes about trading with sub-accounts       

A few things to be aware of when trading from sub-accounts:

  • Whenever you trade you need to choose the specific sub-account you want to trade from – the platform does not automatically chose the most appropriate sub-account for you. However the platform will warn you if you try to place a trade on an account when a sub-account with a matching currency is available.
  • If you have two opposite positions in two separate sub-accounts, they will not net out at the end of the day.
  • When placing a trade, the platform takes into consideration the total funds and margin available to the sub-account, not only the assets available on the sub-account. Unless you have segregated sub-accounts, if you do not have enough funds you will still be allowed to place trades on a sub-account if free funds or margin are available in other accounts.    
  • If you trade on a sub-account which has insufficient funds or margin, you may get a negative balance on the sub-account and will be charged interest on this negative balance. To avoid this, make sure you keep your sub-account balances positive.
  • You always need to maintain sufficient funds in your main account to cover your Net Free Equity requirements.
  • You can easily transfer funds between sub-accounts using the inter-account transfer function. The conversion rate will be the current exchange rate plus a conversion fee.

Your browser cannot display this website correctly

Our website is optimised to be browsed by a system running iOS 9.X and on desktop IE 10 or newer. If you are using an older system or browser, the website may look strange. To improve your experience on our site, please update your browser or system.