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Segregation and Client Funds

What does “segregated accounts” mean?

In accordance with sections 16, 17, 26 and 27 of the Securities and Futures (Licensing and Conduct of Business) Regulations issued by the Monetary Authority of Singapore, Saxo Markets is obliged to hold money received from clients and assets held on behalf of clients in accounts separated from the company’s own money and assets.

All funds deposited by clients with Saxo Markets will be kept in a segregated client funds account in accordance with the above regulation. Securities held by clients with Saxo Markets are equally kept in segregated custody accounts.

How are my money protected in the event of Saxo Markets bankruptcy?

Saxo Markets is required under Singapore laws to ensure that money received from clients are segregated from the company’s own money when held in a bank account.

In the unlikely event that Saxo Markets enters into liquidation, all funds in client trust accounts held with HSBC will not be affected by such a default and will remain for the benefit of the relevant client subject to deductions of charges and other costs due to Saxo Markets. 

Saxo Markets
3 Church Street, #30-00
Samsung Hub
Singapore 049483

All departments are available 08:30 to 17:30 Monday to Friday.

Singapore

Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning 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 Margin FX products may result in your losses exceeding your initial deposits. Saxo Markets does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Markets does not take into account an individual’s needs, objectives or financial situation.

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