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.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

International

Trade responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.