Saxo Capital Markets UK Ltd (“Saxo”) has unfortunately decided to end its provision of the SaxoSelect managed portfolio offering in the UK.
How to exit a managed portfolio?
To exit a SaxoSelect portfolio:
- Access the SaxoSelect Investments tab within the platform.
- Locate the portfolio you wish to exit and click the Stop button.
- Upon exiting the portfolio, you will have the option to either retain your existing positions or sell all positions.
- Any remaining cash will stay in your SaxoSelect sub-account until you initiate a transfer to your main account.
How long I need to wait before I can withdraw the money?
It will take x days to fully liquidate the positions.
How do I withdraw my SaxoSelect investment?
For partial withdrawals:
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Withdraw money
In SaxoTraderPRO: Click Add Module > SaxoSelect Investments > Manage > Withdraw money
Note, as partial withdrawal you can only withdraw money indicated under Available funds to withdraw
For full withdrawals you need to stop the portfolio:
- 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
What happens if I miss the deadline to stop the portfolio by myself?
Saxo will liquidate the portfolio and transfer the cash to your Saxo main account. No additional costs will be charged for that.