Yes, you can grant access to your account by giving someone else power of attorney.
A power of attorney (PoA) is an authorization that the account holder gives to a designated person to get access to the account and perform certain actions.
The PoA can be given to:
- Spouse
- Parents
- Siblings
- Children (must have reached adulthood)
At Saxo (Australia) you can grant a limited PoA. The PoA application form can be downloaded here.
The limited PoA allows the PoA holder to access the trading account and perform trades but does not allow to perform withdrawals. Note: with a limited PoA, the option to do withdrawals is removed from the platform for both the account holder and PoA holder. Withdrawals requests need to be done by submitting a signed form.
The form needs to be filled, printed, signed and submitted via a support ticket on the platform along with a proof of identity (Passport or National ID) of the PoA holder. The proof of identity must contain a signature sample.
Alternatively, Account View Only is also available. The different account forms can be found on the Saxo Capital Markets website here.