Why are you discontinuing SaxoWealthCare?
We continuously monitor and evaluate our product offerings to ensure we provide the best possible products in terms of risk and reward, client usage, and the regulatory environment. As part of this process and after careful consideration, we have decided to discontinue SaxoWealthCare. You may visit our website to find out more about Saxo’s wide range of product offerings for your trading and investing purposes.
Does Saxo offer any other similar products?
Saxo does not offer other portfolio management solutions. You can still invest in a wide range of products available in our multi-asset platforms. Utilize the Screener to identify the products that best align with your objectives: Create dynamic watchlists using the Screener
How do I close the SaxoWealthCare account?
Go to Portfolio and find your SaxoWealthCare account, click on the 3 dots '...' as shown in the image below, then click Close plan.
All positions will be sold within 3 business days and the ongoing costs will be charged. The SaxoWealthCare platform will notify you when funds are available to withdraw.
How can I withdraw money from my SaxoWealthCare account?
To withdraw all your money, you will need to close your plan first.
To withdraw, you can either click the "Add or Withdraw Cash" link under the SaxoWealthCare account; or you can directly go to My Profile > Withdraw funds.
You can withdraw/transfer the money to another sub account or main account.
If you would like to withdraw the money to an external bank account, you can do that after you transfer the money from SaxoWealthCare to another sub account or main account.
Can I transfer my SaxoWealthCare portfolio to another sub account or another broker/bank?
Managed portfolio cannot be transferred.
What happens if I miss the deadline to close the portfolio by myself?
Saxo will handle that for you as indicated in the email that you have received. No additional costs will be charged for that.
I have set up eDDA/eGIRO before to send money regularly to my SaxoWealthCare investment. How do I cancel/edit the schedule?
To cancel your schedule, go to My Profile > Deposit funds > Direct debit / eDDA > Recurring deposit. Click on the schedule you would like to cancel and click "Cancel schedule":