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Funds Withdrawal

Third Party Withdrawal is Not Accepted

Please note that you can only withdraw funds from your trading account to a bank account held under your name. Saxo Capital Markets is unable to facilitate funds transfers to or from third party accounts. This policy applies to both individual accounts as well as corporate accounts.

Online Withdrawal

You can withdraw your funds from the SaxoTraderGO platform by following the steps on “How to Withdraw Funds Online”.

If you do not have access to the Online Cash Withdrawal Module, please download and submit the Withdrawal Form to us.

Processing fee

SCM does not charge any fees for withdrawals submitted via the Online Cash Withdrawal Module. However if you do have access to the Online Withdrawal Module but are submitting a withdrawal request via the manual Funds Withdrawal Form, a processing fee of AUD 30 will be applied.

Charges for Outgoing Transfers

In line with market practice, please note that Saxo Capital Markets bears only the bank transfer charges for outgoing instructions disbursed from our end. As the beneficiary, you will receive your payment minus the correspondent (intermediary) bank charges, if any such fees are charged by the receiving bank. These fees differ from bank to bank, for details of such charges, please contact with your bank representative directly.

The above mentioned change has no impact on incoming funds from you to Saxo Capital Markets.

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Suite 1, Level 14, 9 Castlereagh St
Sydney NSW 2000
Australia

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Trading can result in losses. Please ensure you understand the risks.

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) 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, Product Disclosure Statement and Target Market Determination 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. 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 Target Market Determination should assist you in determining whether any of the products or services we offer are likely to be consistent with your objectives, financial situation and needs.

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