Third Party Withdrawal is Not Accepted
Please note that you can only withdraw funds from your trading account to a bank account held under your name. Saxo Capital Markets is unable to facilitate funds transfers to or from third party accounts. This policy applies to both individual accounts as well as corporate accounts.
SaxoTrader, SaxoWebTrader and SaxoTraderGO all facilitate online withdrawal. For further information, please see our
Online Cash Withdrawal Module guide.
If you do not have access to the Online Cash Withdrawal Module, please click
here to download the Funds Withdrawal Form.
SCM does not charge any fees for withdrawals submitted via the Online Cash Withdrawal Module. However if you do have access to the Online Withdrawal Module but are submitting a withdrawal request via the manual Funds Withdrawal Form, a processing fee of SGD 50 will be applied.
Charges for Outgoing Transfers
In line with market practice, please note that Saxo Capital Markets bears only the bank transfer charges for outgoing instructions disbursed from our end. As the beneficiary, you will receive your payment minus any applicable fees imposed by the correspondent (intermediary) bank and/or the receiving bank. As these fees may differ from bank to bank, please contact your bank representative directly for more details.
The above mentioned change has no impact on incoming funds from you to Saxo Capital Markets.