Deposits
For most clients, first time funding shall be done by wire transfer. Please visit How to fund for more details.
If funds are not received within 5 business days, please contact your bank (the Remitter) and ask for a copy of the SWIFT confirmation (MT103). This will help us to trace your incoming funds. If your bank is not able to provide you with the full SWIFT confirmation, we will as a minimum need:
- Header of SWIFT payment – for example F01SAXODKKKAXXX1234123456}{2:I103HSBCSGSGXXXXN}{3:{121:004f3536-5717-41d9-8d52-331619a4
- Field 32A & 33B
- Field 57
- Field 59
Once you have the SWIFT confirmation, please submit it to us via a support ticket.
After first funding (you have access to platform), you can set up eDDA to fund. The funding by eDDA shall arrive in your Saxo account immediately.
Withdrawals
When transferring funds across borders or in a foreign currency, there are typically several parties involved. Unfortunately on rare occasions, it can happen that funds get stuck with any of the parties involved, which can cause a delay before funds reach the final beneficiary account.
If you do not receive funds within 5 banking days after you receive our withdrawal/payment confirmation email, please Contact Support.
Please note:
- When you just sell your shares and withdraw right after we will need to wait for the shares transaction to settle (normally T+2) before we can send out your withdrawal. You can check the Value date in Trades report.
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The beginning 1-2 days of every month is the time for us to deduct all the monthly fees/charges. If you withdraw at the end of the month, please wait for a couple of days. We will send out your withdrawal after the deduction is done.
The graph below illustrates the typical flow and the parties typically involved with a cross border transfer or a transfer in a foreign currency.