You can transfer funds between sub-accounts by using the Sub-Account transfer module. If your account is not set up for that, please read what to do here.
The Sub-account transfer module can be found by navigating as follows:
In SaxoTraderGO/PRO: Menu > Deposits and Transfers > Sub-account transfer
In SaxoInvestor: Settings > Deposits and Transfers > Sub-account transfer
Then select:
- The account you wish to transfer funds from
- The receiving account
- The amount
- Click Transfer. The indicative conversion rate will be shown in the relevant field.
There is no transfer fee, however, a conversion fee applies when transferring in different currencies. Please click here to view the conversion fee by tier.
Can I transfer funds between cross-currency sub-accounts?
A cross-currency sub-account transfer is a transaction where funds are moved between two sub-accounts that are denominated in different currencies within the same main account.
To ensure more transparency in the foreign exchange rates you receive on transactions, cross-currency sub-account transfers are only available during trading hours.
Saxo is open for trading 24 hours a day 5½ days a week, opening on Monday morning in Australia (05:04 Sydney time) and closing on Friday evening (16:59 Eastern Standard Time).
I DO NOT have a Sub-Account Transfer module available on the trading platform or for some reason I cannot perform the transfer.
In some cases, the Sub-Account Transfer module is not available. In such a case, we kindly ask you to complete the below excel file and send it to Saxo by creating a case.
Steps to follow:
1. Complete the excel file (Download here).
2. Submit a ticket by going to >Support > click on Create support request
3. Select the option Cash transaction enquiry, write "Sub-account transfer request" in the request details window.
4. Attach the excel file, using ATTACH FILES button and hit SUBMIT.
Your request will be processed as soon as possible.