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Funds Withdrawal

Third Party Withdrawal is Not Accepted

Please note that you can only withdraw funds from your trading account to a bank account held under your name. Saxo Markets is unable to facilitate funds transfers to or from third party accounts. This policy applies to both individual accounts as well as corporate accounts.

Online Withdrawal

You can withdraw your funds from the SaxoTraderGO platform by following the steps on “How to Withdraw Funds Online”.

If you do not have access to the Online Cash Withdrawal Module, please download and submit the Withdrawal Form to us.

Processing fee

Saxo Markets does not charge any fees for withdrawals submitted via the Online Cash Withdrawal Module. However if you do have access to the Online Withdrawal Module but are submitting a withdrawal request via the manual Funds Withdrawal Form, a processing fee of SGD 50 will be applied.

Charges for Outgoing Transfers

In line with market practice, please note that Saxo Markets bears only the bank transfer charges for outgoing instructions disbursed from our end. As the beneficiary, you will receive your payment minus any applicable fees imposed by the correspondent (intermediary) bank and/or the receiving bank. As these fees may differ from bank to bank, please contact your bank representative directly for more details.

The above mentioned change has no impact on incoming funds from you to Saxo Markets.

Withdrawal CurrencyMethodArrival Time*General charges imposed by intermediaries of Saxo’s correspondent bankAny other fees
SGDMEPS0 - 2 business daysFreeFree
USDTelegraphic Transfer1 - 5  business daysUSD 25Receiving bank or its respective intermediaries
may levy a fee
EUREUR 19.50 for HSBC Group bank accounts
EUR 31.50 for others
JPYJPY 3,000 - JPY 50,000
CADCAD 18.50

*Arrival time may vary due to several reasons, including:

  • a need to ensure there is sufficient margin (if utilised) left in the account before releasing the funds
  • checks on accrued interest charges in the case of a full withdrawal (approx 95% of available cash or more)
  • processing of accrued charges from the previous month
  • additional checks related to anti-fraud or anti-money laundering measures implemented by intermediary/receiving bank(s).


Saxo Markets
88 Market Street
CapitaSpring #31-01
Singapore 048948

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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.

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