ProfStatus-Hero-D

Professional status

Clients who meet experience and portfolio criteria are eligible for greater trading flexibility and lower margin rates. Reduced regulatory protections will apply.

Steps to apply

Check-sign

If you don’t have a retail Saxo account, sign up first.
Open individual account

Check-sign

Request a change of status when logged in to your account.
See in-platform request steps 

ProfStatus-Hero-M

How to qualify

To change your account status from retail to professional, you must meet at least two of the following criteria:

  • Coins-blue

    A financial portfolio that exceeds EUR 500,000 in eligible investable assets.

  • Trading candle sticks

    An average of at least 10 qualifying trades per quarter over the last 4 quarters, with at least one per quarter.

  • Person-basket

    Professional experience in the financial sector, with at least one year in a position requiring knowledge of a specific product.

You’ll need to pass an appropriateness test to confirm your understanding of each product type before trading as a professional.

Professional clients waive important retail protections, including some trading restrictions and safeguards designed to limit losses.

How protections change with professional status

Industry regulations limit risk for less experienced traders. If you choose to reclassify as an elective professional, some protections will no longer apply.

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  • Protections you’ll keep

    Check-sign

    Cash deposits protected by the Danish Guarantee Fund up to EUR 100,000, after deducting any debt owed to Saxo.

    Check-sign

    We must take all reasonable steps to achieve the best possible result for you when executing or transmitting orders.

    Check-sign

    If acting as a private individual, you may remain eligible to bring a complaint before the Danish Financial Complaint Board (Det finansielle ankenævn). You can contact the Board directly to confirm your eligibility.

    Check-sign

    You can request to change your client categorisation; for example, to return to retail status and regain a higher level of protection.

  • Protections you’ll waive

    Check-sign

    Leverage limits for retail clients will not apply. Greater leverage also means greater risk.

    Check-sign

    Negative balance protection will not apply. You’ll be required to cover any deficit if your account balance becomes negative, meaning losses can exceed deposits.

    Check-sign

    Retail product restrictions will not apply, allowing access to complex and higher-risk products at your own risk.

    Check-sign

    You will not always receive the standardised risk warnings provided to retail clients.

    Check-sign

    Communications may be more technical, as professional clients are assumed to understand complex products and risks.

Professional client margin rates

Lower margin rates apply for clients with professional status. 



Professionals can also use shareholdings as collateral and have access to our portfolio-based margin model.

Swipe left or right for more
CategoryMarginLeverage
FX (majors)1.5%66:1
FX (minors)2%50:1
Index (majors)2.5%40:1
Index (minors)3%33:1
Gold3%33:1
Gold10%10:1
EquityFrom 4%From 25:1
Caecilie-Niclasen-2024-D

Cæcilie Marie Sommer Niclasen, Head of Client Services, Denmark

We’re here to support you

Professional support whenever markets are open, including technical assistance and market analysis.

Helpful resources in our self-service portal. You can also access the same information from the help section when logged in to the platforms.

With offices in 13 countries, a team of experts is on call 24/5 to assist with technical and account questions.

For VIP clients: receive our very best prices, priority support, and exclusive event invitations.

Our reputation is built on trust

We’re a licensed Danish bank regulated in 13 countries, and your deposits are backed by the Danish Guarantee Fund up to EUR 100,000.

See our licences

Founded in Denmark in 1992, we’ve expanded our reach to serve over one million traders and investors around the globe.

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Kim Fournais Kim Fournais

Kim Fournais, Founder and CEO

Guy mobile start investing

Start trading in a
few easy steps

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Create your account and get verified

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Log in and fund your account

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Make your first trade

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Philip Heymans Alle 15
2900 Hellerup
Denmark

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