Yes, you can grant access to your account by giving someone else power of attorney.
A power of attorney (PoA) is an authorization that the account holder gives to a designated person to get access to the account and perform certain actions.
In general, the PoA can be given to:
- Spouse
- Parents
- Siblings
- Children (must have reached adulthood)
The power of attorney gives the PoA holder authorization to perform trades and cash transfers from the trading account to the beneficiary bank account in the account holder’s name. Both the account holder and PoA holder can instruct withdrawals via the Cash Withdrawal module in the trading platform
The PoA application forms can be downloaded here.
The form needs to be filled, printed, signed, and submitted via a support ticket on the platform along with a proof of identity (Passport or National ID) of the PoA holder. The proof of identity must contain a signature sample.
Note: You may see information about Contracts for Differences (“CFDs”) in the above images; however, you should not take this as Saxo Capital Markets HK Limited proposing or advising clients to trade such products. Trading CFDs is not available to clients of Saxo Capital Markets HK Limited.