Saxo Capital Markets bears only the bank transfer charges for outgoing instructions disbursed from our end only. Clients will receive their payment minus the correspondent (intermediary) bank charges, if any such fees are charged by the receiving bank. These fees differ from bank to bank, and are not charged by Saxo Capital Markets. For details of such charges, please make contact with your bank representative.
Saxo Capital Markets does not charge a fee for the deposit or withdrawal of funds in or out of your trading account.
Most clients will have access to the cash withdrawal module, and withdrawal requests can be processed via the platform at no cost. Alternatively, a paper-based withdrawal request form can be completed and manually processed by Saxo Capital Markets at an administrative cost of AUD$30.00 (note: this charge is only applied to clients with access to the cash withdrawal module). Client’s without access to the cash withdrawal module will not be charged the administrative cost for processing a paper-based withdrawal request form. Saxo does not charge any cash transfer fees. Both deposits and withdrawals are free of charge.