Target Market Assessment / Appropriateness Test

MiFID II requires that we differentiate between complex and non-complex products. For complex products we are required to offer a Target Market Assessment and Appropriateness Test and offer appropriate reporting and risk warnings to non-professional clients.

A new Appropriateness Test will be introduced which will be available in the Account Section in the platforms under:

Account > Other > Mifid Status > APPROPRIATENESS TEST

We encourage you to take this test to help us to determine the appropriateness test of our products for you.

General section

The general section requests information about your education, knowledge and experience, investment purpose and risk tolerance in order to make an assessment if a product is suitable for you.

Non-complex products

Stocks, simple ETFs and Bonds are considered non-complex and you are considered appropriate for investing in these products.

Appropriateness Tests

Complex products

Complex products include: 

  • Forex (including Sport FX, and FX Forwards)
  • FX options
  • CFDs
  • Futures
  • Listed Options
  • Complex Exchange Traded Funds (non-UCITS ETFs) 
  • Complex Mutual Funds (non-UCITS Mutual Funds) 
  • Exchange Traded Commodities (ETCs) 
  • Exchange Traded Notes (ETNs)

For each complex product enabled on the platform, the Appropriateness Test asks questions to understand your knowledge and experience and tests your knowledge with products-related questions. The scoring from these questions determines if you are appropriate for trading the product.

Risk Warning

risk warning

A risk warning is shown whenever you enter the platform listing the products for which you are appropriate and inappropriate.

If you are classified as a professional client or are appropriate for all products, the Risk Warning is not shown.

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.

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