There are two ways you can earn reward points by funding your account.
1. First 30 days net funding
As a new Saxo client, you’ll receive reward points based on your net funding during the first 30 days from your first funding of your Saxo account.
You will earn 0.5 points on every USD deposited, or on its equivalent in your account's currency.
As an example, if you were to deposit USD 200,000, you will earn more than 120,000 points and therefore will qualify for the Platinum account tier.
Following the same principle, if you were to fund USD 1,000,000 to your account, you will earn 500,000 reward points and therefore will qualify for the VIP account tier.
If you withdraw funds, your points balance will reduce accordingly.
We’ll recalculate your points balance at the end of each day, and deduct points on a daily basis if you withdraw funds, so you can monitor your points on a regular basis. Any upgrade will be effective two working days after the balance in your Saxo account reaches the qualifying level.
Please note that total AuM (apart from your net funding and securities transfers) will not be taken into consideration for the purposes of calculating points during this initial, 30-day period.
2. First 30 days securities transfers
As a new Saxo client, you’ll receive reward points based on your net securities transfers into your account during your first 30 days with us.
Transferring securities will yield the same amount of points as a cash funding would. The amount of points will be based on the value of the transferred position.
You will earn USD points on every Euro transferred, or on its equivalent in your account's currency.
As an example, if you were to transfer USD 200,000, you will earn more than 120,000 points and therefore will qualify for the Platinum account tier.
Following the same principle, if you were to transfer USD 1,000,000 to your account, you will earn 500,000 reward points and therefore will qualify for the VIP account tier.
If you withdraw funds or transfer securities out of your account, your point balance will reduce accordingly.
We’ll recalculate your points balance at the end of each day, and deduct points on a daily basis if you withdraw funds or transfer securities out of your account, so you can monitor your points on a regular basis. Any upgrade will be effective two working days after the balance in your Saxo account reaches the qualifying level.
Please note that total AuM (apart from your net funding and securities transfers) will not be taken into consideration for the purposes of calculating points during this initial, 30-day period.
3. Funds and AuM over time
After your account has been open for 30 days, you’ll continue to receive points for the funds you hold with us, but as these funds may have converted from cash to positions the points you receive will be based on the total average assets under management (AuM) of your account, rather than the cash balance. This refers to the total value of your account, including any deposits and open positions.
Your reward points are calculated based on the monthly average AuM, and you’ll receive your points two trading days before the end of each month.
You will earn 0.025 points on every Euro AuM, or on its equivalent in your account's currency. An average AuM of USD 10,000 for example, earn you 250 Reward points every month.
Please note that we will not include AuM in our calculations during the first 30 days of your account being open. Rather, during this period we will consider net funding and securities transfers into the account, as outlined above.
