Based on the Swiss Collective Investment Schemes Act (CISA) and the Swiss Financial Services Act (FINSA) retail clients may only trade ETFs that have been authorized by the Swiss Financial Markets Supervisory Authority (FINMA) for offering in Switzerland and for which a Key Information Document (KID) has been produced. The KID describes the key features of the product including its characteristics, risk/return profile and costs.
For a number of ETFs, the manufacturer/issuer may have chosen not to obtain FINMA authorization and/or may not have issued a KID. Consequently, Saxo will not be in a position to facilitate trading in these instruments for retail clients.
While professional clients are generally able to trade ETFs without FINMA authorization and/or KID, elective professional clients are only able to trade ETFs that have a designated representative and paying agent in Switzerland.
The error message "Exposure cannot be increased due to instrument configuration" will appear if you attempt to place an order for ETFs with the above characteristics:
You can check if an instrument has the required KID in the instrument view under Trading Conditions >Trading Rates > Key Information Document.