The value of your investments can go down as well as up. Losses can exceed deposits on margin products.

The value of your investments can go down as well as up. Losses can exceed deposits on margin products.

Documentation Guidelines

Identification Requirements 

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.