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.
W-8 Series Form
Foreign (Non-US) Individual - Used for Individual and Joint Account Holders
Instructions: Form W-8BEN http://www.irs.gov/pub/irs-pdf/iw8ben.pdf
Foreign (Non-US) Entity - Used for Company and Trust Account Holders
Instructions: Form W-8BEN-E http://www.irs.gov/pub/irs-pdf/iw8bene.pdf
The Foreign Account Tax Compliance Act (FATCA) is a legislation of the United States targeting non-compliance by US taxpayers with foreign accounts.
*Please note that Saxo Capital Markets does not offer its financial products and services to residents or entities of the United States of America, such individuals or entities cannot be accepted as a client of Saxo Capital Markets.
Under FATCA rules, as of 1st July 2014, Saxo Capital Markets must obtain self-certification from Individual and Joint account holders to determine their non-US or US status for tax purposes, accounts deemed reportable (identified US citizen or resident for tax purposes) are then reported to the IRS via the ATO during reporting periods.
The Internal Revenue Service (IRS) is a US government agency responsible for tax collection and tax law enforcement.
From 1st January 2015, FATCA rules require Saxo Capital Markets to obtain certification from Entities defined under the IGA between US and Australia. These include corporate/company accounts and trust accounts. All company and trust client application forms must be accompanied with an IRS W-BEN-E Form to determine the beneficial owners non-US or US status for tax purposes.
US Tax Relief at Source
All US dividends from investment in US securities via the Saxo Platform is subject to a 30% withholding tax enforced by the IRS. Saxo Capital Market can offer clients US relief at source reducing the overall withholding tax on dividends from 30% to 15% by applying the double taxation treaty between Australia and United States of America. US tax relief at source reduces the overall withholding tax on dividends from 30% to 15%.
In order to benefit from the US tax relief at source, clients are required to complete the relevant W-8 Series Form as indicated above.
Each form is relevant to the type of account established with Saxo Capital Markets, note a joint account requires both individuals to complete the W-8BEN Form.
Please be aware that Saxo Capital Markets does not provide any advice on tax related services. If you are experiencing difficulties in completing any of the below W-8 Series Forms, please refer to the relevant instructions or obtain advice from your tax expert or independent advisor.
You can find more information via the IRS homepage: www.irs.gov