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AutoInvest FAQ

  • Updated

Please be aware that if you are a client of Saxo Bank A/S, AutoInvest is currently only available to Danish residents.

 

With AutoInvest ('månedsopsparing' in Danish), you can automatically invest a preset amount each month. It can be the perfect solution for those who want to invest in ETFs without incurring trade fees or monthly fees.

You have full control over your investments by choosing from a selection of ETFs, and you can decide how much to invest. Just like with your regular positions and portfolios, you can track your performance. AutoInvest is currently offered in the currency DKK.

How do I get started?

Get started with AutoInvest in 3 simple steps:

1. Choose what you want to invest in and what amount. 

2. Transfer funds and set up a monthly payment from your personal bank account to your AutoInvest account. You can always change the amount.

3. Your AutoInvest will be ready and your funds will be invested automatically each month. You can track the performance on the platform. Please make sure that your monthly payments cover the amount set to be invested.
 

Set up AutoInvest

You can set up an AutoInvest account on one of the Saxo platforms in the My Profile MENU_INVESTOR_black.png > Request AutoInvest > Open AutoInvest account

 

Frequently asked questions

Get answers to frequently asked questions below:

 

What is AutoInvest?

AutoInvest is a type of account which allows you to automatically invest in various ETFs every month. You can choose the amount, select your instruments within a range of ETFs and define your instrument allocation in just a few clicks.

Automating your recurring investments can be an effective way to level out your risk exposure via dollar-cost averaging, avoiding the need to time the market, and maximise your investment potential in the long term.

 

Who can open an AutoInvest account?

An AutoInvest account can be opened by individuals who are residents of, and fully tax liable to, Denmark. An AutoInvest account can have only one owner. If you move away from Denmark or become tax liable in another country, you can keep your AutoInvest account, but the account will be subject to our standard commission rates, which vary depending on your country of residence.

Please note that you can always view the prices and costs associated with trading a specific security by searching for the security on the platform and then clicking Trading conditions.

 

How can I deposit to my AutoInvest?

To deposit money into your AutoInvest account, set up an automatic monthly transfer from your regular bank account. You can do this by following these steps:

  1. Log in to your online banking account.
  2. Use your AutoInvest account details to create a payment agreement in your regular bank for your AutoInvest account. See how to find your account details.
  3.  Your funds will be available in your AutoInvest account within 1-3 business days.

Alternatively, you can make a one-time deposit by linking your regular bank account through a quick payment or by transferring your funds between sub-accounts.

It is important to ensure that your monthly investment amount covers the investments you have selected at the time of order execution.

 

How do I set up a monthly payment to Saxo?

To set up a monthly payment, you must go to your personal bank and set up a monthly transfer to your AutoInvest account. You can find your AutoInvest account's details on the Saxo platform by navigating to:

  • Portfolio > Choose your AutoInvest account > Click the three dots in the top right corner > Details

Make sure that your monthly payment can cover the amount set to be invested.

 

Can I change my monthly amount?

Yes, if you want to change the amount to be invested monthly, navigate to Portfolio > Choose your AutoInvest account > Click Edit in the top-right corner under Upcoming Investments.

You can change the amount and securities until one bank day before your funds are set to be invested. Please see When will my funds be invested each month?

 

Are there limits to how much or how little I can invest each month?

You have complete flexibility in deciding how much or how little you want to invest each month. There are no minimum or maximum limits on your monthly investments. You can start with any amount and adjust it at any time.

Is fractional investing possible?

At this time, AutoInvest does not support fractional investing. This means:

  • You can only purchase whole units of the selected investment products.

  • Partial or fractional units are not available through the AutoInvest feature.

We recommend reviewing your investment amount to ensure it aligns with the full unit price of your chosen product. Saxo rounds down to the nearest whole unit based on your investment allocation.

The platform provides indicative figures for the number of units you can buy, based on the current market prices of selected instruments.

 

Is it possible to invest additional amounts?

Yes, it is possible to invest additional funds if you, for example, have extra cash in your account or have deposited more money than your monthly amount is set to.

You can enable this feature by navigating to Portfolio > Choose your AutoInvest account > Click Fund.

 

Can I transfer positions to and from my AutoInvest account?

No, it is not possible to transfer positions to or from your AutoInvest account.

 

When will my funds be invested each month?

Your funds will be invested on the 5th of each month (around 11:00 am CET). If the 5th falls on a weekend or bank holiday, the investment will be made on the next business day.

 

What does it cost to invest via AutoInvest?

Setting up an AutoInvest account is entirely free: no commissions to buy, no monthly fees, and no minimum deposit required.

Commissions apply if and when you choose to sell your positions. A currency conversion fee may apply if you invest in foreign currency instruments and stamp duty is levied where applicable. Our General Terms of Conditions can be found here.

 

Do I pay any custody fees?

Saxo Bank does not apply any custody fees.
 

Can I stop or pause my AutoInvest?

Yes, you can stop your AutoInvest at any time. Simply set your monthly investment amount to zero or stop transferring funds to your AutoInvest account. See Can I change my monthly amount?

You can also pause your AutoInvest by navigating to Portfolio > Choose your AutoInvest account > Click the three dots in the top-right corner > Click Investment settings > Pause AutoInvest by deactivating Invest monthly.

We suggest making such requests before the 5th day of each month to ensure this is in effect before investment orders are placed for that month.

 

Can I invest in stocks with AutoInvest?

It is not possible to buy stocks with AutoInvest, but you can buy ETFs consisting of stocks.

 

What can I invest in with my AutoInvest account?

You can choose from ETFs and investment funds, which you’ll see when you start setting up your AutoInvest. You can hold up to 10 different instruments in your AutoInvest account, and you are free to choose which ones from our wide range of options.

As a Danish client, you can choose instruments from the following providers:

  • iShares
  • Amundi/Lyxor
  • Sparinvest/Sparindex
  • Maj Invest
  • Storebrand
  • Skagen

AutoInvest offers a range of instruments, including popular ETFs tracking world indices, the S&P 500, as well as specialised ETFs focused on sectors like clean energy.

 

Where can I find inspiration on what to invest in?

You can browse through a large selection of investment themes, including largest indices: tech, health, real estate, consumer goods, and many more as soon as you are setting up your AutoInvest account. You will also find inspiration in the Discover tab in SaxoInvestor or in the Research tab on SaxoTrader.


When you set up your AutoInvest you can get inspiration for what to invest in by clicking Find new investment to explore the wide range of ETFs you can invest in with AutoInvest.

 

Can I request access to more instruments with AutoInvest?

No, it is not possible to request access to additional instruments with AutoInvest. However, we continuously work to update and expand the selection of instruments available through AutoInvest.

 

How many AutoInvest accounts can I set up?

You can set up multiple AutoInvest plans within your Saxo account, with a maximum of 10 different sub-accounts.
 

Can I open an AutoInvest account in currencies other than DKK?

No, Saxo’s AutoInvest is supported only in DKK.
 

Can I have both an Aktiesparekonto and an AutoInvest account, and what’s the difference?

Yes, you can. You can have only one Aktiesparekonto in Denmark, but up to 10 AutoInvest accounts at Saxo Bank.

With an Aktiesparekonto, you can invest in Danish and foreign shares and equity‑based ETFs and investment funds at a favourable tax rate on returns of just 17%. However, there is a deposit cap on the Aktiesparekonto, which means that in 2026 you can deposit a maximum of DKK 174,200 into your Aktiesparekonto. Read more about the Aktiesparekonto in our article Aktiesparekontoen - Frequently Asked Questions.

With AutoInvest, you can invest automatically each month, and you decide how little or how much you want to invest. You can invest in selected ETFs and investment funds, which are taxed at the standard rates of 27% or 42%. In addition, you pay no buy commissions or monthly fees on your AutoInvest.

 

Can I enable AutoInvest on my Aktiesparekonto?

No, this is not possible, as the Aktiesparekonto is an investment account with specific tax and deposit rules. AutoInvest and an Aktiesparekonto are therefore set up as separate accounts.


Can I enable stock lending with AutoInvest?

Yes, if you have activated stock lending on your Saxo account, the positions in your AutoInvest account will also be available for stock lending.

 

Does Saxo Bank report to the Danish Tax Agency automatically?

Yes. With an AutoInvest account at Saxo Bank, you do not need to worry about reporting your gains and losses to the Danish Tax Agency (Skattestyrelsen). We handle the reporting so you can focus on choosing the right investments.

 

Where can I find my account report?

You can download reports from your AutoInvest by navigating to Portfolio > Choose your AutoInvest account > Click Historical reports > Choose the desired report to download.

 

How can I close my AutoInvest?

You can close your AutoInvest account by navigating to Portfolio > Choose your AutoInvest account > Click on the three dots in the top-right corner > Close account

 

Additional information on AutoInvest

Order execution

AutoInvest orders are set to be executed on the 5th of each month. However, this may change due to holidays, weekends, or, for example, technical reasons at Saxo. Orders can be placed at any time before the market closes. Saxo strives to execute orders based on quantitative criteria but does not guarantee execution, especially during significant market movements or due to other factors.

 

Order deviations and investment amounts

The amount allocated to each instrument may differ from the purchased amount due to market fluctuations and operational conditions. The margin typically varies from 0-2.5%.

The smaller your investment, the greater the deviation from the chosen investment allocation. Saxo executes orders one by one, independently of the individual portfolio. This means you risk some investments not being executed if you do not have enough funds in your AutoInvest. To avoid this, ensure that your monthly investment amount covers the investments you have selected. Larger recurring deposits generally lead to more precise investment allocations and order executions compared to smaller deposits.

 

Each monthly investment is unique

Each monthly investment under AutoInvest is treated as a new investment, and Saxo does not take into account the instruments bought in the previous investment. We strongly recommend that you monitor your investment allocation regularly and update your AutoInvest accordingly.

 

Updating your AutoInvest

You can update your AutoInvest on an ongoing basis. Saxo recommends that you adjust it in response to material changes in the underlying instruments (e.g. prices or structure). However, order execution is based on a snapshot of your AutoInvest. Avoid changing your AutoInvest on the execution day; we recommend doing so before the market opens.

 

Does Saxo receive distribution fees from the providers of the investment funds and ETFs I invest in via my AutoInvest?

Yes, Saxo Bank receives distribution fees from certain providers of financial products, such as investment funds and ETFs, via AutoInvest when you trade these products. This means that when you invest in these products, part of the costs you pay is returned to Saxo Bank in the form of a distribution fee. Distribution fees are not an additional cost to you; they are part of the price you pay to invest in a product. You can read more about distribution fees on our website at Home.saxo.

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