Why are you discontinuing SaxoSelect?
We continuously monitor and evaluate our product offerings to ensure we provide the best possible products in terms of risk and reward, client usage, and the regulatory environment. As part of this process and after careful consideration, we have decided to discontinue SaxoSelect as of 10 December 2024. You may visit our website to find out more about Saxo’s wide range of product offerings for your trading and investing purposes.
Does Saxo offer any other similar products?
Saxo does not offer other portfolio management solutions. You can still invest in a wide range of products available in our multi-asset platforms. Utilize the Screener to identify the products that best align with your objectives: Create dynamic watchlists using the Screener
I have a SaxoSelect investment, what should I do?
If you have a SaxoSelect investment, you should have received an email from Saxo containing important information and instructions about the closing of you SaxoSelect account. Please read that email carefully.
How to exit a managed portfolio?
To exit a SaxoSelect portfolio:
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Access the SaxoSelect Investments tab within the platform and click Manage.
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Click the Stop button. If "Transfer Cash to Main Account" is ticked, the cash will be transferred to the main account after the positions are settled.
- Any remaining cash will stay in your SaxoSelect sub-account until you initiate a transfer to your Saxo main account or sub-account.
How do I withdraw my SaxoSelect investment?
To first stop a SaxoSelect portfolio, please follow these instructions (fees):
- In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Stop
- In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Stop
After the portfolio has been stopped you can withdraw the full amount as follows:
- In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Withdraw money
- In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Withdraw money
How long do I need to wait before I can internally transfer money from the SaxoSelect account to my regular Saxo account?
Following the closure of your SaxoSelect investment account, it will take the standard T+2 days to settle the positions. After that, you will be able to transfer funds out to your regular Saxo account. It is important to note that direct transfers from SaxoSelect to an external account cannot be performed.
Can I retain my SaxoSelect investments?
Yes, you can. Your positions will remain in your SaxoSelect account until 10 December 2024. Shoud you wish to retain your investments no action is required from your part and Saxo will automatically transfer the positions to your regular Saxo account. Please note that fractional positions will be liquidated.
What happens if I miss the deadline to stop the portfolio by myself?
Saxo will handle that for you as indicated in the email that you have received and transfer the positions to your regular Saxo account. No additional costs will be charged for that.
What if I am not invested in SaxoSelect?
If you are not currently invested, no action is needed on your part. Any remaining cash will be transferred internally to your regular Saxo account and SaxoSelect will be closed automatically.