SAXO BANK (SCHWEIZ) AG (Switzerland), formerly SAXO BANK (SWITZERLAND) SA

(4.3; 26 ratings)

Business Focus

investment and trading services

Saxo Bank is a privately-owned Danish bank, established in 1992. In 1998 Saxo Bank launched one of the first online trading platforms, making professional-grade tools and multi-asset market access available to everyone. Saxo Bank is a global service provider, operating in different countries via its branches and subsidiaries. Saxo Bank specializes in providing online investment and trading services, allowing individuals, banks and brokers to trade dorex, CFDs, stocks, futures, options and other derivatives via its trading platforms online.

Bank Category

Foreign-controlled banks

Services

online investments

online trading services

Clients

private individuals

companies

Area Served

Worldwide

Products

trading accounts

corporate accounts

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

Account Opening

Becoming a client of SAXO BANK (SCHWEIZ) AG can be done in a few steps:

Submit online application

Upload documents

Account is ready within 1-3 days

Due to regulatory requirements SAXO BANK (SCHWEIZ) AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual SAXO BANK (SCHWEIZ) AG will ask him/her to provide the following documents: passport or ID card; ID card, government-issued insurance or tax return. For corporate clients SAXO BANK (SCHWEIZ) AG will ask to provide corporate documentation as well as information about controlling persons. SAXO BANK (SCHWEIZ) AG may request additional documentation or information depending on the case. Account opening procedure is usually completed within 1-3 days.

Ways to Bank

SAXO BANK (SCHWEIZ) AG delivers its products and services via direct (online) channels only, namely:

online banking

desktop app

mobile app

Financials

Total Assets (2018)

545.44 mln CHF (-9.01%)

Annual Profit (2018)

2.30 mln CHF (-67.14%)

Number of Employees (2018)

50 (+10.18%)

SAXO BANK (SCHWEIZ) AG is the 164th largest bank in Switzerland in terms of total assets. In 2018 its total assets were 545,44 mln CHF, providing the bank with the market share of 0.02%. SAXO BANK (SCHWEIZ) AG is the 48th largest foreign-controlled bank in Switzerland (out of 74 foreign-controlled banks) having market share of 0.25% amongst the banks of this category. In 2018 the bank's annual profit was 2,30 mln CHF. SAXO BANK (SCHWEIZ) AG had 50 employees in 2018.

Deposit Guarantee

Protected Amount

up to 100,000 CHF

Guarantee Fund

esisuisse – Deposit Insurance

Covered Depositors

private individuals (Swiss and foreign)
legal entities (Swiss and foreign)

Covered Accounts

credit balances

SAXO BANK (SCHWEIZ) AG participates in the deposit guarantee scheme of Switzerland. This deposit guarantee scheme applies to credit balances made by private individuals (Swiss and foreign), legal entities (Swiss and foreign) and covers up to up to 100,000 CHF per bank per depositor. SAXO BANK (SCHWEIZ) AG is a member of esisuisse – Deposit Insurance and makes its contributions into it.