Saxo Bank is my online brokerage platform of choice for an investor wanting a Swiss-based broker, for the reasons I explained in the previous chapter.
As with any online platform, there’s a fine line between saying you’re going to sign up and actually doing it. What often holds us back is not knowing what to expect in terms of the ease of the process.
If that’s the case for you, this chapter is for you.
I’ll take you through the steps involved in opening an account with Saxo Bank.
Documents and information required to open a Saxo Bank account
As a Swiss resident, you need to provide the following information to open an account with Saxo Bank:
- Full name
- Country of residence
- Cell phone number
- Date and country of birth
- Name of employer
- Information on assets and income
- Information on source of assets and funds
- Investment objectives and experience
- Tax information
- Nationality
- Residence address
- Proof of identity (passport)
It sounds like a lot, but in the end, apart from the information linked to your financial objectives, all the rest is standard information.
Are you ready? Let’s go!
Saxo Bank promo code
You can get a CHF 200 trading fee credit from Saxo Bank (valid for 3 months after opening your account) by using my link:
With this link, you’ll also be helping to support the blog by the way, thanks!
1 — Creating your Saxo Bank account
The first page consists of basic information. I’m deliberately leaving the last two boxes unchecked, so as not to receive any advertising:
2 — Personal data
3 — Employment information
4 — Financial information
5 — Investment experience
6 — Tax information
7 — Nationality
8 — Home address
9 — Check cell phone number
10 — General conditions and password
11 — Online identity verification
Congratulations on opening your Saxo Bank account!
And that’s all there is to it. All you have to do now is wait a few minutes to receive an email confirming that your Saxo account has been activated.
And then you can connect to the platform and see this:
The next step is to transfer money to your new Saxo Bank account.