Depositing cash into your Saxo account is easy and can be done with several payment options on all platforms. To find the different options to deposit cash into your Saxo account:
- SaxoInvestor*: Click Deposit funds
- SaxoTrader: Click Deposit funds
- SaxoTrader for desktop: Click on the main menu > Deposits and transfers > Deposit funds
This article will cover the following:
| NOTE: Saxo does not accept payments from accounts that are not in your name (3rd party payments). Any payments made by a third party will be returned to the source card or bank account. |
Fund with bank transfer
To deposit cash via a bank transfer, you will need to use the information provided in the Bank transfer module. Here you can find and easily copy your banking details, such as IBAN number, SWIFT/BIC number, RIB number (France), etc. from right inside the module.
- Click on the Main menu > Deposits and Transfers > Deposit funds
- Select the Saxo account ID you want to fund.
- Select the currency you want to transfer from your bank. Transfers made in different currencies will be eligible for a currency conversion.
- Follow the instructions listed in the module to complete the transfer.
|
Where can I find my Saxo account's IBAN number? You can find your Saxo account's IBAN number in the platform in the Bank transfer module. |
| Currently, Saxo does not permit card funding from clients residing in countries such as the UAE, KSA, and Qatar, among others. |
Currencies accepted at Saxo
Saxo allows you to open accounts in different currencies. You can read about opening sub-accounts in different currencies here.
You can read more about funding your account in different currencies here.
Note for clients from UAE, KSA, Qatar
You are only allowed to deposit from and withdraw to accounts that originate from your country of residence. Read the full article about this change here.
Any transaction from accounts in other countries will be rejected and returned to the sending bank.
Platinum and VIP Clients
If you are a Platinum or VIP client of Saxo, you have the option to request the addition of one more country for deposits and withdrawals (subject to approval). This can be done after the initial funding from your country of residence has been received and booked.
To do so, please navigate to the My Profile menu > Add another country for funding > Fill out the Expected Transactions Profile form
Learn more about how to qualify for a Platinum or VIP account.