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Funding Instructions

How to fund your trading account?

Please be aware that Saxo Markets 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.

Electronic Funds Transfer & Telegraphic Transfer

AUD Bank Account Details:
Bank: HSBC Bank Australia Limited
Account Name: Saxo Capital MKT AU-Client Trust
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 MKT AU-Client Trust
SWIFT: HKBAAU2S
Account Number: See below for currency Account Number
Reference: *Your Saxo Client ID (e.g. 1357683)

FX CurrencyAccount Number
AUD011-451747-163
CAD011-451747-905
CHF011-451747-923
CNH011-451747-160
EUR011-451747-908
GBP011-451747-904
HKD011-451747-159
JPY011-451747-914
NZD011-451747-917
SGD011-451747-911
USD011-451747-902

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 Saxo Markets, 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 Saxo Markets 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.

Credit / Debit Card

Funding DescriptionInstant Transfer via Card Module on SaxoTraderGO
Transaction Fee

Please refer to our Credit and Debit Card Payment Factsheet

SpeedImmediate
Transaction CurrencyAUD and USD
Transaction LimitPlease 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.

 

Merchant Transaction Fees are charged by the Payment Service Provider. 
Saxo does not charge any fees relating to credit card payments.

Third Party Funding is Not Accepted

Saxo Markets does not accept incoming funds from any third party. Saxo Markets will only accept funds originating from a bank account held in the same name registered with Saxo Markets. 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. Saxo Markets will endeavor to initiate the immediate return of funds. However, please be aware that there may be a delay for funds reaching your bank account due to the processing time taken by the corresponding banks. The factors that could affect the processing time: the banks involved, the currency being used and location of your account (i.e. if your bank account is based outside of Australia). Please contact your bank if you have any questions about how the foreign currency or international transfers are processed.

Unaccepted Forms of Payment

Saxo Markets 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 Conversions:

If you transfer funds that are in a different currency than the currency of our HSBC account, your funds will be accepted and automatically be converted to the appropriate currency by HSBC who will charge a non-refundable currency conversion fee. For example, if you send USD to our AUD account 011-451747-163 at HSBC, HSBC will convert your USD to AUD and credit our account.

If your funds are subsequently rejected by us (for example, for Third Party Funding or remittances from Exchange Houses/Money Changers), any currency conversion already carried out on your funds will not be reversed.

If you do not have a Saxo Markets account denominated in the same currency as our HSBC account that your funds have been transferred to, we will convert the funds to the appropriate currency when crediting your Saxo Markets account, and you will be charged a non-refundable currency conversion fee as described in our Commissions, Charges and Margin Schedule. For example, if you send AUD to our AUD account 011-451747-163 at HSBC, and you only have a USD-denominated Saxo Markets account, we will convert your AUD to USD and credit your Saxo Markets account.

Remittance Charges:

Saxo Markets 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 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

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

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Saxo Capital Markets (Australia) Limited 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, Financial Services Guide and 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.

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