Saxo Bank Account Type

Saxo Bank offers a variety of account types tailored to different trading needs. The main account types include:

• Classic Account:
• Minimum Deposit: $10,000
• Leverage: Up to 1:100
• Suitable for retail clients looking for a comprehensive trading experience.
• Platinum Account:
• Minimum Deposit: $100,000
• Leverage: Up to 1:200
• Designed for more experienced traders requiring advanced features and lower trading costs.
• VIP Account:
• Minimum Deposit: $1,000,000
• Leverage: Up to 1:400
• Offers exclusive services and personalized support for high-net-worth individuals.
• Corporate Account:
• Tailored for businesses and institutions.
• Minimum Deposit: Varies based on requirements.
• Customized solutions to meet corporate trading needs.

Saxo Bank Broker Account Opening Process

To open an account with Saxo Bank, follow these steps:

• Submit Documentation:
• Complete the online application form.
• Provide identification documents such as a passport or national ID.
• Submit proof of address, like utility bills or bank statements.
• Connect to the Market:
• Choose your preferred trading platform (SaxoTraderGO or SaxoTraderPRO).
• Finalize the technical connectivity options.
• Configure and Test Your Connection:
• Validate order entry through conformance tests.
• Conduct an end-to-end test with your clearing partner.
• Start Trading:
• Once all validations are complete, the membership team will confirm your start date.
• Begin trading on the Saxo Bank platform.

For more details, visit Saxo Bank Membership.