Joint account

When you open your joint account, you are placed into a tier based on your initial funding amount (within 30 days).

After your first 3 months of trading, you’ll automatically be moved to the tier that matches your point volume. 

Learn more about account tiers

The timeframe for an approved account varies. If all documents and application forms you submit meet requirements, the application process will move along more quickly and easily.

Eligibility requirements:

-Joint accounts can only be opened between immediate family members: parents and (adult) children, spouses, or siblings.

-A joint account must be between 2 people only. Both applicants must be 18 years old when applying for an account.

Signup requirements:

1. Two client application forms: one from each applicant.
   
   
2. One joint account form filled out by the applicants together.
   
   
3. Required documentation.
   a. 2 proof of identity documents for each applicant.

   ​(Acceptable document examples: national ID card + driver’s licence, national ID card + passport, or passport + driver’s licence.)
   
   b. 1 proof of residence document for each applicant.

   ​(Acceptable document examples: bank statement from bank in country of residence issued within the last 6 months, tax statement from previous year if current address is shown, or utility bill issued within the last 6 months for electricity, gas, home internet, or landline phone—mobile phone bill not accepted.)
   
   c. Supporting documentation.

   ​(After submission, we may ask for supporting documents such as proof for source of funds noted in the application.)
   
   
4. Email to Saxo.
   Send all the completed, signed, and legible documents to us via email for review. 
   Find the email address for the Saxo office you’ll sign up with (typically the one in your country of residence).

Once you have an approved account, you will receive login details and funding information.

Both account holders can deposit funds into the joint account, and both can make withdrawals. Any linked external accounts must have the same registered account holder name(s).

Positions generally cannot be transferred into joint accounts, whether from other Saxo accounts or from external accounts. The only exception is transfers from an external joint account where the account holders match the Saxo joint account exactly.

Once your joint account is open, you can move positions freely between currency sub-accounts within that same account.

Read more about fund transfers

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

Your funds are protected via the Danish Guarantee Fund up to EUR 100,000.

Your securities are also protected by the Danish Guarantee Fund. Generally, securities would be returned to you in cases like suspension of payment or compulsory winding up. If we’re unable to return them, they are covered up to EUR 20,000 per client.

Additionally, the European Securities and Markets Authority (ESMA) enforces industry-wide rules and restrictions to protect retail clients when trading leveraged products.

See investment protection details

Read about ESMA regulations

To qualify for professional status with a joint account, at least two of the following criteria must be met:

1. A financial portfolio that exceeds EUR 500,000 in eligible investable assets.
   (Each individual must meet the threshold.)
2. An average of at least 10 qualifying trades per quarter over the last 4 quarters, with at least one per quarter.
   (Trades must be shown in a joint account or both account holders must meet criteria in individual accounts.)
3. Both account holders have professional experience in the financial sector, with at least one year in a position requiring knowledge of a specific product.

Read more about professional status

Depending on your account type and country of residence, you can choose from 24 currencies to add up to 4 sub-accounts to your main Saxo account and benefit from fewer conversion fees. 

Learn about sub-accounts

Please read the following documents before opening your Saxo account: 

General business terms

Order execution summary 

Conflicts of interest policy