The number of points you will earn will depend on the product(s) you trade, and the size of your trade(s). Certain products will earn you more points than others, and the more you trade – in value or lots, for example - the more points you will earn.
The table below shows how many points you will earn for specific trading volumes in different products. Please note that points are not awarded in these exact multiples; you can earn 4 points or 1,234 points, for example, from different trades.
|FX spot trade||EUR 10,000||30|
|FX option trade||EUR 10,000||40|
|CFD index trade||EUR 10,000||20|
|CFD equity trade||EUR 10,000||180|
|CFD all trade||EUR 10,000||30|
|CFD exp. trade||EUR 10,000||20|
|Stock trade||EUR 10,000||160|
|Stock option trade||1||50|
|Non-stock option trade||1||110|
|Contract future trade||1||110|
|Contract options trade||1||110|
|Bonds investment||EUR 10,000||320|
Frequently asked questions
You don’t need to do anything. As you’re already a Saxo client, you’ll automatically join our loyalty program, for no extra charge.
The number of points you will earn will depend on the product(s) you trade, and the size of your trade(s). Certain products will earn you more points than others, and the more you trade - in value or lots, for example – the more points you will earn.
When Saxo Rewards launched on 19 May 2020, existing clients remained in the same tier they were in immediately prior to the launch. If you're a new client, your initial deposit will determine your account tier. Initial funding of AUD 3,000 will secure entry to the Classic tier, AUD 300,000 to the Platinum tier, and AUD 1,500,000 to the VIP tier. The upgrade will be effective two working days after the balance in your Saxo account reaches the qualifying level (e.g. AUD 1,500,000 to attain VIP status).
To qualify for an upgrade, you’ll need to earn a specific number of reward points, depending on the tier you want to join. Your points are calculated across the last three months, as well the current month, on a rolling basis. For example, any points you earn in January will not be included in your rolling total from 1 May.
When you qualify for an account tier, you’ll receive a rolling 12-month membership. That means if you continue to meet the rolling points criteria of your tier, your 12-month membership will roll over as well. If you ever drop below the qualifying points criteria, you’ll have a 12-month grace period before we’ll move you to a lower tier, giving you time to build up your reward points again.
After your account has been open for 30 days, you’ll receive points for the total average assets under management (AuM) of your account. This refers to the total value on your account, including any cash deposits and open positions.
Your reward points are calculated based on the monthly average AuM, and you’ll receive your points two trading days before the end of each month.
An average AuM of AUD 15,000, for example, would earn you 250 Reward points every month.
Please note that we will not include AuM in our calculations during the first 30 days of your account being open. Rather, during this period we will factor in net funding into the account, as outlined above.
If you don’t meet the points criteria of your tier, we won’t move you to a lower tier immediately. Instead, you’ll enter a 12-month grace period. This means you can continue to enjoy all the benefits of your current account tier for at least another 12 months.
This should give you time to collect enough reward points to qualify for your current tier again. If you do, your rolling 12-month membership will start anew. We will only consider moving you to a lower tier if you’re unable to meet the points criteria of your tier at any time during the grace period.
- Your Saxo Rewards tier is strictly personal to your own client account and is non-transferable. * Abuse of the Saxo Rewards program inconsistent with the purpose and intention of the program (such as gaming with and/or exploiting any unintended technical limitation) may lead to:
- The clawback of any Saxo Rewards points credited to you that may be deemed ineligible; and/or
- You being disqualified from the Saxo Rewards program and your benefits being withdrawn from you.
- Saxo reserves the discretion to determine what behaviour or activity constitutes misuse of the Saxo Rewards program, and may require you to indemnify it for any losses and/or damage arising from such misuse.
- Saxo reserves the right to modify the Saxo Rewards program, including these terms, at any time. This includes (but is not limited to) changes such as:
- Tier qualification requirements and/or conditions;
- The type of benefits accruing to the various tiers (as applicable);
- Validity duration of Saxo Rewards points; and
- Special features, offers and/or promotions (as applicable) that may be available to various tiers.
- You accept that you are responsible for keeping yourself updated on any changes that Saxo may implement to the Saxo Rewards program from time to time.