Wholesale Client

Clients may be eligible to be reclassified as Wholesale Clients so as to retain the CFD trading conditions they currently enjoy.

Apply for Wholesale Investor status

1) Create an account if you don’t have one

2) Log in to the platform and go to Account > Other > Wholesale Client Status

3) Complete the form and upload any supporting documents

  • Benefits for Wholesale Clients

    • ASIC leverage restrictions on CFDs and FX applicable to Retail clients do not apply
    • No automatic close outs if account balances turn negative
    • Client funds are held in Trust*
    • Multi-currency sub-accounts to save on currency conversions*
    • Use your stock positions as collateral against margin positions. *
    • Margin close out as circuit breaker to protect CFD positions, losses will not exceed investment*.

    * Feature also applicable to retail investors

  • Protections not applicable

    • Wholesale clients do not enjoy negative balance protection. Should their trading positions move their trading account into a negative balance, the position will not be closed out as it is for retail clients. Therefore wholesale investors are liable for any losses incurred as a result of a margin close out and losses can exceed deposits.
    • Wholesale clients no longer enjoy the protections afforded Retail clients under AFCA, and they may not receive retail disclosure or offer documents.
  • How to qualify

    If you meet the following criteria, you may be eligible to reclassify as a Wholesale Client

    • You have net assets of at least A$2.5m or
    • Your gross income for each of the last two financial years was in excess of A$250,000.
    • Provide Saxo with a Certificate from an accountant attesting that you are a Wholesale Client

See details of ASIC Regulation for Retail client

Wholesale client leverage ratio on CFDs

Swipe left or right for more
Asset classWholesaleRetail from 17 March 2021*
Major currency pair67:130:1
Minor currency pair50:120:1
Major stock market index40:120:1
Minor stock market index40:110:1
Single stock10:15:1
Commodity - Gold25:120:1
Commodity - other than Gold20:110:1

*Please note the changes apply to Saxo accounts from 17 March 2021, prior to the ASIC's product intervention order becoming effective on 29 March 2021.

Why trade with SAXO?

Global market access

Access over 40,000 instruments, across all asset classes, from a single cross-collateralised account and hold and deposit funds in 18 currencies.

Powerful platforms

Place and manage orders in the blink of an eye with SaxoTraderPRO, our most powerful platform yet, or trade on the move with SaxoTraderGO.

Industry-leading prices

Benefit from market-leading entry prices and get tighter spreads and lower commissions when you upgrade your trading tier.

Expert support

Receive best-in-class digital support as standard and unlock even better personal service with our premium trading tiers.

Apply for Wholesale Investor status

Open an account

Create a Saxo account of your choice

Get documents ready

Fill in Whoelsale Investor Form and obtain certificate from an accountant

Go to the platform

Log in to platform, raise a support ticket with documents attached

Our other accounts

Saxo Capital Markets (Australia) Limited
Suite 1, Level 14, 9 Castlereagh St
Sydney NSW 2000
Australia

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