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.
The information or the products and services referred to on this website may be accessed worldwide, however is only intended for 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.
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.
The Tradingfloor.com website is the property of Saxo Bank A/S as an affiliate of Saxo Bank, and is a part of Saxo Bank Group, Saxo Capital Markets has entered into an arrangement with TradingFloor.com to allow clients of Saxo Capital Markets upon their consent to access information on tradingfloor.com and use their Saxo Trading Account to enter into transactions through Tradingfloor.com. Any materials or other social trading features available on the TradingFloor.com website are provided by Saxo Bank A/S and Saxo Capital Markets does not accept any responsibility or liability for the contents or services made accessible through TradingFloor.com. For the avoidance of doubt, should clients decide to enter into any transaction through TradingFloor.com Saxo Capital Markets will be the counterparty to any transaction entered into by clients and not Saxo Bank.
Social Trading involves risks, even when following and/or replicating other Profiled Traders. Past performance of a trader indicated on Tradingfloor.com is not indicative of future results. When reviewing the portfolio or financial performance information, opinions or views of a Profiled Trader, you should not assume that the Profiled Trader is unbiased, experienced, professional, independent or qualified to provide financial information or advice. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax, trading advice and should not be construed as an offer or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank A/S or its affiliates will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of Tradingfloor.com or as a result of the use of Tradingfloor.com.
How to fund your trading account?
Please be aware that Saxo Capital Markets (SCM) is unable to accept funds before account opening due diligence is completed and you have received your account details. Any funds received before this process has been completed, will be returned to your sending account, less bank charges (if any).
*if you are unable to provide your reference number, please provide Cash Management with a copy of the remittance for verification.
Credit / Debit Card
|Funding Description||Instant Transfer via Card Module on SaxoTrader or SaxoTraderGO|
Please refer to our Credit and Debit Card Payment Factsheet
|Transaction Currency||AUD and USD|
|Transaction Limit||Please refer to our Credit & Debit Card Payment Factsheet|
|Banking information / process||For further information on funding via credit/debit card payments, please refer to below links.
Card Module Guide
Merchant Transaction Fees are charged by the Payment Service Provider.
Saxo does not charge any fees relating to credit card payments.
Please note the following if you wish to send SCM Australia a personal cheque in order to fund your trading account:
- the cheque must be delivered to SCM Australia by mail or in person.
- it can take up to 5 working days before the funds are available in your trading account after the cheque
has been received.
- ensure to place your Saxo Client ID on the back of your cheque.
- SCM Australia only accepts personal cheques for AUD currency;
SCM Australia only accept personal cheques from Australian or permanent residents.
*Please note that Saxo Capital Markets does not accept BANK CHEQUES.
You can either post your cheque to SCM Australia’s postal address, or you are welcome to personally deliver
the cheque to SCM Australia’s office. Please see details below:
Saxo Capital Markets (Australia) Pty Ltd
Attn: Client Operations
PO BOX A839
South Sydney NSW 1235
Level 25, 2 Park Street
Electronic Funds Transfer & Telegraphic Transfer
AUD Bank Account Details:
Account Name: Saxo Capital Markets (Australia) Pty Ltd
BSB: 342 011
Account Number: 451747163
Reference: * Your Saxo Client ID (e.g. 1357683)
FX Currency Bank Account Details:
Bank: HSBC Bank Australia Limited
Address: 28 Bridge Street Sydney, NSW 2000
Account Name: Saxo Capital Markets (Australia) Pty Ltd
Account Number: See below for currency Account Number
Reference: *Your Saxo Client ID (e.g. 1357683)
HSBC Bank Australia Limited
28 Bridge Street
Sydney NSW 2000
|FX Currency||Account Number|
Please ensure that you have read the below general section on important information relating to funding your account.
Before you fund your trading account with SCM, please ensure that your existing bank account has been opened under the same name (in the exact order, sequence and form) as the name which has been used to open your SCM trading account. You can only withdraw funds from your trading account to a bank account held under your name. Please instruct your bank to include your Saxo Client ID and Name in your transfer instructions.
Third Party Funding is Not Accepted
SCM does not accept incoming funds from any third party. SCM will only accept funds originating from a bank account held in the same name registered with SCM. This rule applies to both individual accounts as well as corporate accounts.
Funds received from any third party accounts will be returned (less bank charges) to the sender. The funds should typically reach the sender’s account within 5 to 10 working days, however, there may sometimes be a delay depending on the banks involved.
Unaccepted Forms of Payment
SCM does not accept Banker’s Drafts, Cash Deposits and remittances from Exchange Houses/Money Changers. Funds received from any or all of these payment channels will be rejected and returned to the sender (less bank charges, if any).
Currency conversion at SCM (if any) that involves conversions of funds transferred to and from your trading account with SCM will be done using the current spot rate plus/minus 0.5% when the amount is credited or debited from your trading account.
SCM can and will only credit your account with the actual monies received on your behalf.
Remittance charges should be fully covered by the sender.
Rejected funds due to remittance received before the Due Diligence has been completed and you have received your account details or remittance received from Exchange Houses/Money Changers or any third party (including family members) will be returned to the sender less bank charges (if any).
IMPORTANT TO NOTE:
Request for Proof of Remittance
Please note that we are required under the Anti-Money Laundering rules and regulations to request for and verify proof of remittance from our clients. Although such request may not be made immediately upon making the bank transfer or credit/debit card payment, Saxo Capital Markets reserves the right to request for such proof at a later date. If the client is unable to furnish such proof of remittance within a reasonable period of time, we are entitled to limit or restrict