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.
Funding AUD 1,000 will earn you 1,000 reward points.
Funding AUD 300,000 will earn you 120,000 points, and you will qualify for Platinum status.
Funding AUD 1,500,000 will earn you 500,000 reward points, and you will qualify for VIP status.
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.
Transferring positions valued at AUD 1,000 will earn you 1,000 reward points.
Transferring positions valued at AUD 300,000 will earn you 120,000 reward points, and you will qualify for Platinumstatus.
If you withdraw funds or transfer securities out of your account, 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 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.
An average AuM of AUD 15,000, for example, would 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.
