Saxo Introduces Funding for Introducing Brokers

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Saxo Bank, an expert in investing in multiple assets, has revealed that their Introducing Broker partners will be able to access a new type of funding in the third quarter of 2023.

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Saxo have redesigned the funding process, so you can easily add, withdraw, and transfer money to and from your trading accounts. This new module is called Deposits and Transfers.

Recent and historic transfer

A new funding journey has been introduced, which includes ‘Recent transfers’, which show payments made in the past two weeks, and ‘Historic transfers’, which show older payments. The older transfer reports have been removed as part of this update.

Deposit options

The Deposits section provides information on how to fund an account. This includes information on bank transfers and credit card transfers (where available).

Module accessibility

Depositing, taking out money, and transferring between accounts are going to be easy to do, right through the Platform’s menu.

Saxo: Swift payment tracking

The Deposits and Transfers module’s Recent Transfers section allows clients to monitor cross-border payments that use the SWIFT system. This makes it possible to follow incoming deposits and track fees and currency changes that other banks charge.

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