How do I invest in SaxoSelect?
If you haven’t already done so, you’ll need to open a Saxo account then follow these steps:
- Open the platform and click the ‘SaxoSelect’ tab.
- Click the ‘Invest’ button, next to your chosen portfolio.
- If this is your first time with SaxoSelect, you’ll need to complete a set of suitability questions (this is different to an appropriateness test, which relates to self-directed investing). The test will determine your risk profile and which portfolios are suitable for you.
- Open the relevant portfolio/strategy card on the trading platform
- Click Invest
Can Saxo manage my account?
Yes. To summarise, Saxo has collaborated with reputable asset managers such as BlackRock, Morningstar and Brown Advisory, to provide high quality investment expertise. Each portfolio caters for a different risk appetite, ranging from low to very high, and follows an investment strategy suited to your goals and profile. You will have full transparency and control meaning you can monitor your investments 24 hours a day through Saxo’s platform and withdraw at any time for no extra cost.
Read more on portfolios here.
Read more on trading strategies here.
Can I retake SaxoSelect suitability questionnaire?
Yes. When completing your suitability profile, we ask you a number of questions to better understand your knowledge, experience, risk appetite and financial situation. If you disagree with the risk profile assigned to your account, you can re-take the suitability profile another two times within a three month period.
What managed portfolios can I invest in?
We have a variety of equity and ETF portfolios which are built for different investment goals and market exposures. You can only invest in portfolios that are suitable for you and match your risk profile. To find out more about the portfolios, please visit our UK website.
What are the trading Strategies (Macro Discretionary and Macro Fx?)
The are two trading strategies offered by Saxo UK. They are very high risk portfolios and are suited only to clients with a very high risk appetite. Both strategies concentrate on short term price movements across derivative products including Fx, commodities and indices.
Why are the fees higher for trading strategies compared to Equity and ETF portfolios?
The trading strategies have a far higher trading frequency than equity and ETF portfolios. This is because the trader’s aim to exploit short term price movements across different asset classes. In addition, the trading strategies charge a quarterly performance fee for positive return above the high-water mark.
Read more on how the performance fee is calculated here.
Equity and ETF portfolios are longer term and will change positions less frequently, thereby incurring less trading costs.
How do I Top up my SaxoSelect investment?
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Invest More
In SaxoTraderPRO: Click ADD MODULE > SaxoSelect Investments > Manage > Invest More
How do I withdraw my SaxoSelect investment?
For partial withdrawals:
In SaxoTraderGO: Click Trading > SaxoSelect Investments > Manage > Partially Withdraw Funds
In SaxoTraderPRO: Click ADD MODULE > SaxoSelect Investments > Manage > Partially Withdraw Funds
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 Funds
- In SaxoTraderPRO: Click ADD MODULE >SaxoSelect Investments > Manage > Withdraw Funds
How can I learn more on SaxoSelect?
Please speak to your account manager, email digitalsalesuk@saxomarkets.com or ring the team directly on 02071512104. To gain a deeper understanding into the investment philosophy of each portfolio and trading strategy, we recommend reading a quarterly commentary found on our UK website.
What is the minimum holding period in SaxoSelect?
Although there is no minimum holding period, it is generally recommended to invest for a medium to long term horizon.
What are the costs for investing in SaxoSelect?
All fees can be identified on the portfolio cards under SaxoSelect in the trading platform. For Equity and ETF portfolios, charges is range from 0.95% - 1.6% per year.
For trading strategies, the fees which include a service cost, transaction related costs and performance fee vary with the trading activity level as well as the strategy’s performance.
Read more on how the performance fee is calculated here.
For the most current estimate of the trading strategies’ fees, please review the disclosure on the platform or alternatively check out the product sheets.
Read more about SaxoSelect service fees here.
There are no custody fee for any SaxoSelect portfolio or trading strategies.
Where can I view performance figures?
For performance history, please go to our UK Website.
On the platform, you can view the complete performance of each portfolio and strategy over daily, monthly and yearly basis after completing the suitability questionnaire.