Yes, you can grant access to your account by giving someone else authorisation.
Please note if your account is corporate or financial organization this process doesn't apply to you. Please contact your account manager or contact support.
The authorisation can be given to:
- Spouse
- Parents
- Siblings
- Children (must have reached adulthood)
If the person you want to authorise is not listed above as your direct family member, she/he needs to be a professional who has a license from regulator to give financial advice.
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Note
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How to authorise another person?
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SaxoTrader: click on
> Request account services > Request Letter of Authorisation
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SaxoInvestor: click on
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SaxoTrader for desktop: click on
This process may be referred to as granting Power of Attorney (PoA) in other places.
The authorised person can perform trades and cash transfers from the trading account to the beneficiary bank account in the account holder’s name.
In the request process, you will need to provide some personal information for the person to be authorised, such as name, nationality, address, email, and mobile number. You will also need to upload a copy of the authorised person’s identity document (passport or national ID) and proof of relationship (e.g. marriage certificate). The proof of identity must contain a sample of their signature.
If the person is not your direct family member but a professional, a copy of license is needed as well.
In case the process on the platform doesn't work, you can give the authorisation by filling this form here.
Regarding trading after access is granted
Once the letter of authorisation is approved, the authorised person will be given a user ID for the account and will have access to trade.
Please note that the authorised person must complete CKACAR (knowledge assessment) and be qualified to trade complex products such as CFDs/FX before any such trades can be placed on the account.
This means that even if the account holder has previously been able to trade complex products, once a new user is added to the account, the account holder will not be able to trade those products again until the new user is also approved to trade them.