Payment Method

Please find below details of our Standard Settlement Instructions for making payments to Saxo Capital Markets HK Limited (SCM HK) towards our Client Trust accounts held with HSBC Hong Kong.

SCM HK does not accept incoming funds from a third party.
SCM HK will only accept funds originating from a bank account held in the client's name.

Any third party funding will be at the remitter's own risk as SCM HK cannot guarantee the receiving and returning of the funds. Funds from any third party accounts will be rejected and returned less bank charges to the originator.

SCM HK does not accept Bankers Drafts, Cash Deposits and Remittances from Exchange Houses/Money Changers.
Funds received from the above mode of payments will be rejected and returned less bank charges (if any).

***Please instruct your bank to include your Saxo Client ID and Saxo Trading Account Number in the transaction***

Please note:
Before you fund your trading account opened with SCM HK, please make sure that you have an existing bank account under the exact same name as per your account with SCM HK as SCM HK does not facilitate withdrawals to third party accounts.

You can only withdraw funds from your trading account to a bank account held under your name. This rule applies to both individual account holders as well as corporate accounts.

HKD transfer via HSBC Bill Payment service

  • This quicker mode of transfer is applicable to clients holding a HSBC Hong Kong bank account. The bank account must be held under the same name registered with SCM HK.
  • You may access the Bill Payment service via HSBC’s ATM or your personal Internet Banking, Mobile banking and Phone Banking platform.
  • When making a transfer, please use your unique Bill payment reference SCM HK has provided and sent to your registered email.
Currency Payable To In Favour Of Account Number Payment Details/Reference (Ultimate Beneficiary)
HKD
Hong Kong Dollar
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 808-772313-292
















For further credit to [Your Saxo Client ID & specific Saxo Trading Account Number (if you have more than one account)]
USD
US Dollar
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 808-772313-274
EUR
Euro
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-067815-275
GBP
Pound Sterling
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-162327-202
CAD
Canadian Dollar
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-165916-204
AUD
Australian Dollar
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-165916-203
SGD
Singapore Dollar
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-165916-216
JPY
Japanese Yen
HSBC Hong Kong
SWIFT Code: HSBCHKHHHKH
Saxo Capital Markets HK Ltd. 848-674727-278

HKD and USD Local Clearing Cheques

  • SCM HK currently only accepts HKD and USD LOCAL clearing cheques from Hong Kong residents.
  • Cheque is to be made payable to "Saxo Capital Markets HK Limited." This name has to be written clearly in FULL.
  • Your Saxo Client ID & specific Saxo Trading Account Number (if you have more than one trading account) must be written on the reverse side of your cheque.

The cheque must be mailed out or handed to our reception at our office at address stated below: 

(NOTE: Please DO NOT attempt to deposit any cheques directly at any HSBC Branches)

Saxo Capital Markets HK Limited
Unit 1201-1202, 12/F 
Agricultural Bank of China Tower
No. 50 Connaught Road Central
Hong Kong

Attn: Cash Management

Please note:

  • Funds via cheque payments will only be booked to your trading account once the cheque has been cleared and funds are made available.
  • Margin stop-outs cannot be postponed based on funds that have been debited from your account with your bank until the cheque is cleared and funds are made available and booked into your trading account.

Cut off time: Cheques received before 4pm will be sent for clearing within the same business day.

Currency Conversions: 
Currency conversion at SCM HK (if any) that involves conversions of funds transferred to and from your trading account with SCM HK will be done using the current spot rate plus/minus 0.5% when the amount is credited or debited from your trading account.

Remittance Charges

  • SCM HK 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 Third Party origin and remittance received from Exchange Houses/Money Changers will be returned to the sender less bank charges.

Cash Services Team
Tel No. : +852 3760 1378
Fax No.: +852 3760 1300
E-mail: cs@saxomarkets.com.hk

Please be aware that we cannot accept funds before the Due Diligence has been completed and you have received your account details. Any funds received before this has been completed, will be returned to your sending account, less bank charges (if any).