Understanding the preferred broker program and delinking process
Welcome to our guide on the Preferred Broker Program and the delinking process. This article will help you understand the benefits of the program and how to manage your reporting requirements when changing employment.
What is the preferred broker program?
The Preferred Broker Program is designed to make your trading experience smoother and more compliant. By linking your Saxo account with your employer's compliance team, we ensure that all necessary trade reporting is handled efficiently. This means you can focus on trading, knowing that your regulatory requirements are being met. In return, many financial institutions recommend Saxo as the preferred broker for their employees.
Linking your Saxo account with compliance teams
If you wish to link your Saxo account with your respective compliance team, please reach out to them first. They should have the details of a disclosure form for Saxo. It's important to check with your compliance team to ensure everything is set up correctly. If they don't have anything set up, you can reach out to Saxo through the platform using our chat function for assistance.
Why is delinking important?
For clients working in the financial industry, reporting trades is often a necessity due to compliance policies. When you change employment, it's crucial to manage how these trades are reported. You may need to inform us if you wish to stop reporting your trades to your previous employer.
Steps to delink from your employer's reporting feed
- Consult Your Compliance Team: Before making any changes, contact your compliance team for guidance. They may reach out to Saxo directly to confirm your removal from the reporting flow.
- Direct Delinking via Saxo: If instructed to contact Saxo directly, follow these steps to delink from your employer's feed:
- Log in to SaxoTraderGO/SaxoInvestor/SaxoTraderPRO: Access your account using your login credentials.
- Navigate to Support: Click on the 'Support' section in the platform.
- Contact Us: Select 'Contact Us' and then choose 'Write to Us'.
- Select Account Support: In the 'Write to Us' section, choose 'Account Support'.
- Employer Delinking: Find the option for 'Employer Delinking' and click on it to proceed.
- Complete the Delinking Form: Your account details and name will be pre-filled. Enter the name of the employer you wish to stop reporting your trades to and specify the commencement date for the delinking.
By following these steps, you can ensure that your trades are no longer reported to your previous employer, in accordance with their disclosure rules.