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)
The power of attorney gives the PoA holder authorization to perform trades and cash transfers from the trading account to the beneficiary bank account in the account holder’s name. Both the account holder and PoA holder can instruct withdrawals via the Cash Withdrawal module in the trading platform.
The PoA application form can be found here.
To submit the aforementioned form together with the copy of your ID to Saxo, please contact our support in advance via chat (question mark top right).