We have several account types available: individual, joint, corporate, tax wrapper, professional, and more, depending on your region.

Learn more about Saxo accounts

It is quick and easy to open an account—just have the below documents ready and sign up online.

1. Your national ID number from the country where you hold citizenship.
2. Your tax ID number from your country of residence.
3. A document as proof of identity (e.g., a passport, ID card, driver’s licence) and a selfie.
4. A document as proof of residence (one that shows your home address, such as a residence permit, utility bill, or bank statement).

There is no minimum funding requirement when opening an account.

If you want to qualify for a higher account tier (lower prices and better service), you can do so with a minimum funding of a certain value.

Learn more about account tiers

First, create an account. Once you’re logged in:


Web/desktop

• Click on the main menu on the top right
• Under the Deposits and transfers heading, click Portfolio transfer
• A pop-up window will open and you can follow the prompts to start your transfer request

Mobile app

• Click on the main menu on the bottom right
• Under the Deposits and transfers heading, click Portfolio transfer
• A pop-up window will open and you can follow the prompts to start your transfer request

Most sign-ups are approved digitally within a few minutes. However, since we cannot compromise on security checks, the process can sometimes take longer. If all documents you provided meet requirements, we’ll process your application within 2 working days.

Saxo Capital Markets UK (SCML) is regulated and authorised by the UK Financial Conduct Authority (FCA). In accordance with the FCA Client Money and Assets rules, all client money (including cash balances, unrealised profits, and funds used as margin collateral) received by Saxo are held in trust in one or more segregated bank accounts.

The FCA has strict regulatory requirements, known as the client money and client assets rules, which govern exactly what SCML can do and how it is done. Under these rules, SCML is required to separate client money and assets from its own resources, meaning that client money and assets are completely ring-fenced and protected.

In the unlikely event of SCML going into liquidation, all clients would have their share of the segregated money or segregated assets returned, minus administrators’ costs in handling and distributing these funds. Any shortfall of funds of up to GBP 85,000 may be compensated for under the Financial Services Compensation Scheme (FSCS), which is the compensation fund of last resort for customers of authorised financial services firms.

No, Saxo is a financial institution that offers investment accounts only. Our banking licence ensures that we meet all the strict requirements for Danish banks and that your deposits are protected by the Danish Guarantee Fund up to EUR 100,000.

We do not offer any savings accounts or credit cards.

We also do not use your deposits to grant loans or credits.