Already a Saxo client? Apply for professional client status in platform. Go to Account > Other > Classification Status.
Saxo Professional
Professionals can incur losses exceeding deposits. Read more about the changes to client protection.
Elective Professional Protections
Protections you’ll keep | Protections you’ll waive |
|---|---|
Money you hold with us will remain in a segregated client bank account, unless we inform you otherwise. | Leverage restrictions applicable to Retail clients do not apply to professionals. Remember with increased leverage comes increased risk. See leverage comparison here. |
As an individual you’re eligible for FSCS protection for up to £85,000 that you hold with us. | Professional clients do not have negative balance protection. Should an account fall into a negative balance, you are obliged to make additional payments – meaning losses can exceed deposits. |
You should be eligible to use the FOS as long as you are trading in a personal (‘consumer’) capacity. If you are unsure whether their services will apply to you contact the FOS directly. | As you will understand the risks associated with trading complex financial products, we will not impose product restrictions. |
We're required to take all reasonable steps to obtain the best possible results for clients when executing orders or when placing orders with, or transmitting orders to, a third party. | We may not provide you with any standardised risk warnings as you already understand the associated risks. |
You retain the right to request a different categorisation - for example, if you wish to be afforded a higher level of regulatory protection. | We may use more sophisticated language when communicating with you. However we’ll always communicate in a clear, fair and not misleading way. |
Margin collateral option |
Use of securities as collateral for margin trading |
Professional Client vs Retail Client leverage comparison
Qualification criteria
Trading Experience
You must have carried out transactions, in significant size, in a relevant product with an average frequency of at least 10 per quarter during the previous four quarters (with Saxo and/or other providers).
Portfolio
The size of your investment portfolio (held with Saxo and/or other providers), defined as including cash deposits and financial instruments, exceeds EUR 500,000.
Trading Knowledge
You work or have worked in the financial sector for at least one year in a professional position that requires knowledge of relevant products.
Qualification criteria in detail
You must have carried out transactions, in significant size, in a relevant product with an average frequency of at least 10 per quarter during the previous four quarters (with Saxo and/or other providers).
Relevant products include: CFDs / FX (Spot / Forwards / Options); Futures; Options; Leveraged Exchange Traded Products (e.g. Turbos); Warrants, Binary Options, Spread betting.
Significant size is deemed as a minimum notional value of, for example, €100,000 on forex, €50,000 on indices, €10,000 on single stock CFDs.
The average frequency of trades can be at one provider, or a combination of. We will ask you for scanned copies of statements for any trade activity outside of Saxo.
The size of your investment portfolio (held with Saxo and/or other providers), is defined as including cash deposits and financial instruments, exceeds EUR 500,000.
Acceptable examples of an investment portfolio can include: cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments).
Unacceptable examples include: company pension, non-tradeable assets, property, luxury cars, jewellery. If a portfolio is held outside of Saxo, we may ask you for scanned copies of statements from other providers.
You work or have worked in the financial sector for at least one year in a professional position that requires knowledge of relevant products.
We will ask you for details of your role and how it has provided you with sufficient knowledge and experience and may require you to provide evidence of this if necessary.
Open a Professional Account
Submit request
Complete our simple form and submit any supporting information.
Submit request
Complete our simple form and submit any supporting information.
Submit request
Complete our simple form and submit any supporting information.