To transfer a stock or bond position from one sub-account to another, go through the following steps:
- SaxoTrader: Click Move position between sub-accounts
- SaxoInvestor: Click Move positions between sub-accounts
-
SaxoTrader desktop: Click on My profile
> Portfolio transfer > Sub-account transfer
IMPORTANT - Please make sure that related orders are cancelled prior to requesting the position to be moved.
Select the account you want to transfer from and the account you want to transfer to, choose the securities, adjust the quantity if necessary, and then click Submit.
Ongoing transfers will be displayed in the 'Ongoing' tab, while completed transfers will appear in the 'Closed' tab.
FAQ:
Can all securities be transferred between accounts?
Transfers are generally allowed for Cash products such as ETF, shares (SH), bonds (BO), and mutual funds (MF), following the standard security transfer process.
At what price will my securities be booked when transferred between accounts?
Securities are booked at their original purchase price when transferred.
Is there a fee for transferring positions between sub-accounts?
No, Saxo does not charge for this service.
Can I transfer fractional shares?
Our system currently supports the transfer of shares in whole numbers only. Therefore, if you own 0.5 shares, you cannot transfer them. However, if you have 10.5 shares, you can transfer the 10 whole shares.
How long does it take to transfer positions between sub-accounts?
Normally, the process takes anywhere from a few minutes to a few hours.
Can I transfer the same instrument multiple times in one day?
You cannot transfer an instrument again on the same day if a transfer is still pending for that instrument. Once the initial transfer is completed, you may transfer it again.
Can I cancel or modify my inter account transfer?
No, cancellation or modification is not possible once the transfer is initiated. You can reverse the transfer by initiating a new transfer back to the original account. This process is free of charge and does not impact P&L except for currency conversion effects.
Will the transfer impact margin or leverage in my accounts?
If you are using margin or leverage, transferring positions might affect your available margin or leverage levels. Review your margin requirements before initiating a transfer. If you initiate the transfer during the weekend, the open date of the position will be the next business day. Please note that margin checks may be affected when the market is closed.
My transfer didn't go through. How can I get help?
If your transfer request is rejected, please first check to see if you have any related orders on the position. Cancel the related order and try again. If there is no related order and the request is still rejected, please contact us.