How to open a bank account in Saxo Bank A/S

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

Beginning of cooperation

November, 2006

Last contact

April, 2024

Last update

October, 2023
  • the bank opens multicurrency settlement accounts;
  • SaxoBank is a platform for online trading of currencies, securities, derivatives and precious metals;
  • the bank does not allow operations with “leverage”, which increases the profitability of operations by 100 times;
  • does not charge commissions for opening an account when depositing or withdrawing funds from a client’s account, as well as for servicing a client’s account, but takes a commission for performing conversion operations;
  • initial payment – EUR 100 000;
  • to open an account, a personal meeting with a potential client is mandatory;
  • the term for opening an account – case by case (check with the consultant)

 

GSL rating
Beginning of cooperation
November, 2006
Last contact
April, 2024
Last update
October, 2023
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

1 614
Global rating
10
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1992
History
Established as Midas Fondsmaeglerselskab A/S in September, 1992.In June, 2001 the company converted to EU regulated bank status and name changed as above
Personnel
The bank employs about 1 400 specialists. There are English-speaking staff
Bank’s shareholders
Saxo Bank is a private company, 50,89% owned by Geely Financials Denmark A/S, a subsidiary of Chinese automobile company Zhejiang Geely Holding Group Co, Ltd. Founder and CEO Kim Fournet owns 27,53% and Sampo Group owns 19,43% of the company's shares
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
Compare banks

    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    100 000
    Initial deposit of funds, €
    N/A
    Deadline for the initial deposit, month
    Transactions permitted per month
    The bank has no restrictions as to the number of transactions
    Initial deposit of funds, €
    The initial deposit is EUR 100 000
    Deadline for the initial deposit, month
    There is no deadline for making the initial deposit
    How fast payments are executed
    In real time

    Tariffs and services

    0
    Outcoming transfer, €
    0
    Incoming transfer, €
    0
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Saxo Bank does not charge any fees on outgoing transfers
    Incoming transfer, €
    Saxo Bank does not charge any fees on incoming transfers
    Account maintenance, €/year
    Saxo Bank does not charge any fees for account maintenance
    Distant access to the account
    All the modern (Internet) and traditional (telephone) account operation tools are available. The bank has SaxoTrader platform, which allows to trade any instruments offered by Saxo Bank
    Financial products
    A great variety of financial instruments: Forex – over 150 currency pairs (including USD/EUR); Forex options; Shares – over 9 200 types of securities; CFDs (contracts for difference); Futures – 440 futures contracts (power systems, metals)

    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Current
    Visit to the bank
    To open an account, a personal meeting with a potential client is mandatory
    Required
    Filled in bank forms; copy of the client’s passport; client’s CV; standard set of corporate documents
    Types of accounts
    Current
    Chances to open an account
    Predictable
    Business description
    Relatively detailed: in addition to the description of the business, the origin of funds needs to be disclosed

    Banks of Denmark

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    1 820
    1 614
    10
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN