When you fund your account or withdraw from your account, the transfer normally needs to come from a bank account in your country of residence. This helps us verify the payment and keep your account secure.
Your first deposit must be made from a bank account in your country of residence.
Another country may be approved if:
- You are a national of the additional country you're requesting. For example, if you live in Singapore but also hold Malaysian nationality and have a bank account in Malaysia, you can request to add Malaysia as an additional approved country for deposits and withdrawals.
- You reside in Malaysia. You may apply for Singapore as an additional country for deposits and withdrawals, even if you are not a citizen of Singapore.
- Your country of residence and the additional country are both within the EU or EEA (which may include Greenland, Faroe Islands, Switzerland, and United Kingdom. You can find a list of countries in platform).
- You have a business in another country.
- You support family members abroad.
- You frequently work or travel there.
- You maintain a second home.
- You hold a bank account for legitimate reasons.
Note: Approval is not guaranteed, and requests may still be rejected based on client information, security considerations, and risk requirements.
Why is approval required?
As a regulated financial institution, Saxo continuously evaluates the type of business we do and where we do it. This evaluation takes place in an ever‑changing environment, where international and local rules and regulations increase complexity.
To ensure the best possible client experience and an optimal level of service, Saxo applies a risk‑based approach when servicing clients. This means that all requests to add an additional funding country are reviewed individually.
How do I add an additional funding country?
To add an additional funding country, you can submit a request by completing the Expected Transactions Profile (ETP) form and provide the necessary Source of Funds documentation. Please note that your request is subject to approval. This form is available on the platform from 1 July 2026.
You do not need any approval to fund your account from a bank account in your country of residence. This is the default funding method for your account, so you do not need to use the form to add your country of residence.
- SaxoTrader: Add another country for funding
- SaxoInvestor: Add another country for funding
- SaxoTrader for desktop: Access: My Profile > Deposits and transfers > Add another country for funding > Complete and submit your application
How many countries can I fund or withdraw from at one time?
You can fund and withdraw from all approved countries at the same time: your country of residence plus the additional approved countries.
Within each approved country, you can still use multiple bank accounts.
What if I had previously registered a bank account to fund from another country besides my country of residence?
If you had previously registered a bank account outside your country of residence before 1 July 2026, please note that the registered bank account will be marked invalid from 20 August 2026. To ensure it remains valid, you must submit a request via the platform by completing the Expected Transactions Profile (ETP) form, which is available from 1 July 2026.
Any transfers to your Saxo account from outside your country of residence and the additional approved countries will no longer be possible.
How can I view all my approved countries?
View approved countries via:
Deposit Funds > Bank Transfer > click the arrow under Account Country.
The countries you can select there are the countries allowed for funding and withdrawal.
How can I view my registered bank accounts?
View registered bank accounts on the Withdraw funds page. Under To account, click the arrow to see all registered accounts.
What if I try to fund from a country that I haven't gotten approved?
If funding is attempted from a country that is neither the country of residence nor an additional country approved by Saxo, the payment will be rejected and the funds returned.
You will be informed that this additional country must be reviewed and approved before you can fund or withdraw from this country.
Can I fund my account using a neobank (e.g. Revolut or Wise)?
See: Can I fund my account using a neobank?