Documentation Guidelines

How to fund with a debit card

Please note that clients must send a bank transfer the first time they fund their account. Once funded, the debit card functionality will be activated.

Please note that we will not allow third party transfers and each client can use a maximum of 3 cards. There will be a limit of USD 100,000 per transaction and maximum 30-day running sum limit of USD 160,000.

To fund with a debit/credit card on the platform the client needs to go to Account > Cash Transactions > Credit / Debit Card Deposit as shown below:

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How to fund with a bank transfer

To fund the account in GBP, instructions to the bank should be as follows:

Currency:

GBP (Pound Sterling). Please find instructions to fund your account in other currencies here.

 

Payee:Saxo Capital Markets UK Ltd
Bank details:

Citibank London, UK
UK Swift ID CITIGB2LXXX 
Sort Code: 18-50-08
Account number: 13005828
IBAN GB62CITI18500813005828

Ref:[Client ID+ Account No.]

 

It may take a few days for your bank to process the transfer. Please ensure the funds originate from an account in the client’s name, otherwise the payment will be rejected. 

Funding instructions are the same for Investment Wrapper accounts, ISAs and normal trading accounts.

How to withdraw funds

Please complete the fund withdrawal form and send to Treasury.

Alternatively, the client can use the cash withdrawal tool on the platform by going to Account > Withdraw Cash as shown below:

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LOW Risk

Proof of ID

Containing your name, unique personal ID number, photograph and signature. This could be one of the following documents:

  • Passport
  • Driver's License
  • National Identity card

The document must be:

  • Current and valid
  • Issued by an official government authority

Non-UK indentity cards must be certified by a regulated or professional individual, within the last 6 months, who can be one of the following:

  • A Saxo Capital Markets employee (in their physical presence)
  • Embassy personnel
  • Lawyer
  • Notary public
  • Chartered accountant
  • Director, Officer or Manager of a regulated financial institution in an equivalent jurisdiction to the UK

Proof of Residency

Containing your permanent residential address (your name, address, city, and country of residence). Residency documentation cannot be the same as the Government ID, in total 2 different documents are required (1 ID and 1 residency document). This could be one of the following:

  • Council Tax statement or Bank statement (issued within the last 6 months)
  • National identity card
  • Utility bill (electricity, gas, home internet, landline phone (not mobile), issued within the last 6 months). It must show a service which is physically provided to the residential address
  • Signed rental agreement in your name

MEDIUM Risk (exceptions: Qatar, Bahrain, UAE, Saudi Arabia, Jordan, and Oman)

Proof of ID

Containing your name, unique personal ID number, photograph and signature. This could be one of the following documents: 

  • Passport
  • Driver's License (a certified copy of the original)
  • National Identity card (a certified copy of the original)

Indentity documents must be certified by a regulated or professional individual, within the last 6 months, who can be one of the following:

  • A Saxo Capital Markets employee (in their physical presence)
  • Embassy personnel
  • Lawyer
  • Notary public
  • Chartered accountant
  • Director, Officer or Manager of a regulated financial institution in an equivalent jurisdiction to the UK

Proof of Residency

Containing your permanent residential address (your name, address, city, and country of residence). Residency documentation cannot be the same as the Government ID, in total 2 different documents are required (1 ID and 1 residency document). This could be one of the following: 

  • Bank statement issued by a government or state recognized entity (issued within the last 6 months)
  • Utility bill (electricity, gas, home internet, landline phone (not mobile), issued within the last 6 months). It must show a service which is physically provided to the residential address
  • Council Tax statement (issued within the last 6 months)
  • National identity card
  • Signed rental agreement in your name
  • Employment letter (issued within the last 6 months)

Proof of ID and Residency documentation must be current and valid.