1. Introduction 1.1 This 2024 US Election Promotion (“
Promotion”) is available from 17 September 2024 to 31 December 2024 , both dates inclusive (“
Promotion Period”).
1.2 By participating in this Promotion, Eligible Clients agree to be bound by these Promotion Terms and any such variation.
2. Eligibility requirements 2.1 This Promotion is only open to clients of Saxo Capital Markets Pte Ltd (“
Saxo”) who meet the following criteria (“
Eligible Clients”):
a)
Clients whose Saxo account is newly opened and approved by Saxo during the Promotion Period; or
b)
Clients who have received a direct email invitation from Saxo to participate in the Promotion.
2.2 Eligible Clients do not include:
a) Any clients who are non-individuals (e.g. corporate entities);
b) Any institutional clients of Saxo;
c) Any clients who have been referred or introduced to Saxo by an Introducing Broker/Money Manager; or
d) Any clients who have agreed to bespoke price arrangements in respect of transactions on their Saxo accounts.
3. Commission-free trades 3.1 During the Promotion Period, Saxo will not charge Eligible Clients any trading commission for trades executed in respect of any of the US equities listed by Saxo on its website at (
https://www.home.saxo/en-sg/insights/us-elections/terms-and-conditions) (“
Selected Equities”). For avoidance of doubt, this does not apply to any transactions on SaxoSelect or SaxoWealthCare accounts and Saxo reserves the right to revise the Selected Equities from time to time in its sole discretion without notice.
3.2 For avoidance of doubt, all other applicable fees and charges levied by Saxo in accordance with the General Business Terms including but not limited to any regulatory and exchange fees will continue to apply to all trades. All Eligible Clients are deemed to have agreed to any fees or charges (where applicable) indicated on the pre-trade confirmation indicated on the Platform for all trades.
4. General Eligibility and Conduct
4.1 Saxo reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with this Promotion, including eligibility and the applicable criteria. Saxo’s determination of all matters relating to this Promotion shall be final and conclusive.
4.2 Saxo reserves the right, and has sole and absolute discretion, to prohibit any Eligible Client from participating in any aspect of the Promotion in the event that Saxo determines, at its sole and absolute discretion, that any Promotion Terms have not been complied with, including but not limited to the following:
a) where the Eligible Client has acted fraudulently or dishonestly;
b) where the Eligible Client has conducted himself/herself/itself in bad faith or otherwise in an inappropriate manner to gain an unfair advantage against Saxo; and/or
c) where the Eligible Client has acted in a manner which is generally inconsistent with the intended operation of the Promotion.
4.3 If any Eligible Client is discovered to be ineligible for and/or prohibited from participating in the Promotion for any reason, Saxo is entitled to at any time (i) terminate the Promotion in such cases; and/or (ii) charge the relevant commission/fee which ought to have been charged but for the Promotion. In such an event, no person shall be entitled to any payment or compensation from Saxo.
4.4 Saxo has sole and absolute discretion to determine cases of suspected abuse, fraud, or breach of these Promotion Terms or intent of these Promotion Terms. Saxo’s decision in such cases, including but not limited to terminating the Promotion in such cases, shall be final and Saxo shall not be obliged to provide reasons for the same.
4.5 Saxo shall not assume any liability for any loss incurred or suffered by any person in connection with the Promotion, howsoever arising, including without limitation, any error in computing trades and trade commissions, and any subsequent changes to commission prices.
Entire Agreement 4.6 These Promotion Terms form part of and should be read in conjunction with the General Business Terms and all other general business terms acknowledged and accepted by the Eligible Client when becoming a client of Saxo (“
Trading Terms”), in particular the definitions found in the Trading Terms, such Trading Terms are available on the Saxo Website (as may be amended from time to time).
4.7 In the event of any inconsistency between these Promotion Terms and any brochure, marketing or promotional material relating to the Promotion, these Promotion Terms shall prevail.
Termination or Variation 4.8 Saxo reserves the right to do any of the following without prior notice:
a) terminate, withdraw, shorten or extend this Promotion at Saxo’s sole and absolute discretion, with or without prior notice or reason; and/or
b) vary, modify, add or delete any of the terms of the Promotion.
Third Party Rights
4.9 A person who is not a party to these Promotion Terms shall have no rights under the Contracts (Rights of Third Parties) Act 2001 to enforce these Promotion Terms.
Governing Law 4.10 These Promotion Terms shall be governed by the laws of Singapore and any dispute arising in relation to these Promotion Terms shall be subject to the exclusive jurisdiction of the courts of Singapore.
