There is no minimum funding requirement when opening an account.

If you want to qualify for a higher account tier (lower prices and better service), you can do so with a minimum funding of a certain value.

Learn more about account tiers

It is quick and easy to open an account—just have the below documents ready and sign up online.

1. Your national ID number from the country where you hold citizenship.
2. Your tax ID number from your country of residence.
3. A document as proof of identity (e.g., a passport, ID card, driver’s licence) and a selfie.
4. A document as proof of residence (one that shows your home address, such as a residence permit, utility bill, or bank statement).

Most sign-ups are approved digitally within a few minutes. However, since we cannot compromise on security checks, the process can sometimes take longer. If all documents you provided meet requirements, we’ll process your application within 2 working days. 

First, create an account. Once you’re logged in:

• Click on the main menu on the top right
• Under the Deposits and transfers heading, click Portfolio transfer
• A pop-up window will open and you can follow the prompts to start your transfer request

• Click on the main menu on the bottom right
• Under the Deposits and transfers heading, click Portfolio transfer
• A pop-up window will open and you can follow the prompts to start your transfer request

Your funds are protected via the Danish Guarantee Fund.

We’re a well-capitalised, regulated Danish bank. This means we’re under the supervision of the Danish FSA and comply with stringent reporting requirements and client management regulations.

We also take the safety and security of your account very seriously and have measures in place such as 2-factor authentication to protect your data. 

You can hold funds in your account in 18 different currencies. Contact us to find out more. 

Please read the following documents before opening your Saxo account.

General business terms

Order execution summary

Conflicts of interest policy

See our general charges and fees page for a comprehensive overview of all of our pricing. 

As long as the list below is complete, to close your account, just open the main menu on the top right of the platform and select Close my account.

You’ll follow the prompts to submit your closure request. Once submitted, you can no longer trade, and we’ll let you know once your account is closed.


• Close all open positions
• Have no standing orders
• Have no corporate actions
• Fund your account to cover any negative balance, if applicable