View Legal Menu

Client Money

How is client money held and invested by Saxo Capital Markets? 
Saxo Capital Markets holds client money in a ‘pooled’ client segregated trust account, a portion of the client money is invested in a term deposit which is also designated as a client segregated trust account. All Saxo Capital Markets’ client segregated trust accounts are held at an Australian ADI (Authorised Deposit-taking Institution), and are in compliance with Australian client money laws and regulations. 

Will Saxo Capital Markets use Client A’s profits sitting in the client segregated trust account, to cover the margin obligations or deficit balances of Client B? 
No, Saxo Capital Markets will not use Client A’s profits held in the client segregated trust account, to meet the margin obligation of Client B, or even the deficit balance of Client C. To ensure this, daily reconciliation is performed by back office to verify adequate funds always remain in client segregated trust accounts. 

Does Saxo Capital Markets use client money held in the client segregated trust account to hedge its own positions? 
No, Saxo Capital Markets does not use client money held in the client segregated trust account to hedge clients positions. 

Does Saxo Capital Markets withdraw required margin deposit out of the client segregated trust account while a client maintains his/her open position? 
Required margin deposited by clients, physically remain in the client segregated trust account while clients maintain their existing margined positions. Certain brokers may be entitled to withdrawal required margin deposits funded by clients, into their ‘house’ account, while clients hold their existing margined positions, funds should be returned once the client has exited out of their existing margined positions.   

At what point is Saxo Capital Markets entitled to move funds held or invested in the client segregated trust accounts to their own Saxo Capital Markets ‘house’ bank account? 
Situations when funds are withdrawn from the client segregated trust account and transferred to Saxo Capital Markets ‘house’ account, are situations when those funds are no longer considered client money. This may include, but not limited to situations where the client realises his/her losses; is charged commission, interest and/or financing rates; other similar fees and charges; or as permitted under the Corporations Act (Cth) 2001.

Further Info:

  • Saxo Capital Markets does not at any point associate or mingle its own funds with client money held or invested in client segregated trust accounts, and vice-versa. 
  • Saxo Capital Markets client segregated trust accounts are all held and maintained in Australia, at no point does client money leave the Australian jurisdiction. 
  • Saxo Capital Markets parent company, Saxo Bank A/S headquartered and regulated in Denmark, do not have the power, access and control to withdraw client money out of client segregated trust accounts. 
  • To understand the counterparty risk associated with client money, refer to Saxo Capital Markets Combined FSG & PDS under counterparty risks for client money.

Saxo Capital Markets (Australia) Pty Ltd.
Level 25, 2 Park Street
NSW 2000
Sydney
Australia

Australia

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-au/about-us/awards

Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286 AFSL 280372 (‘Saxo’ or ‘Saxo Capital Markets’) is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Combined Financial Services Guide & Product Disclosure Statement to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products such as CFDs and Margin FX products may result in your losses surpassing your initial deposits. Saxo Capital Markets does not provide ‘personal’ financial product advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Capital Markets does not take into account an individual’s needs, objectives or financial situation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries. AppStore is a service mark of Apple Inc.

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website is not intended for residents of the United States and Japan.
Please click here to view our full disclaimer.