Legal
Terms of Service
Last updated: July 8, 2026
1. Acceptance of terms
By opening an account or using any SAXO Bank service, you agree to these Terms of Service and our Privacy Policy. If you do not agree, do not use the services.
2. Eligibility
You must be at least 18 years old and able to form a legally binding contract. You agree to provide accurate information and to complete any identity verification (KYC) we require.
3. Your account
You are responsible for safeguarding your credentials and for all activity under your account. Enable two-factor authentication and notify us immediately of any unauthorized use.
4. Transactions and balances
Transfers, deposits, and withdrawals are processed against a double-entry ledger. Certain money movements — including deposits and withdrawals — may require review and approval before they are posted. We may decline or reverse transactions that violate these terms or applicable law.
5. Fees
Applicable fees, if any, are disclosed before you confirm a transaction. We will give notice of changes to any recurring fees.
6. Prohibited use
You may not use the services for unlawful activity, fraud, money laundering, or to circumvent security controls. We may suspend or close accounts that breach these terms.
7. Limitation of liability
The services are provided on a commercially reasonable basis. To the extent permitted by law, we are not liable for indirect or consequential damages arising from your use of the services.
8. Changes to these terms
We may update these terms from time to time. Material changes will be communicated, and continued use of the services constitutes acceptance of the updated terms.