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.
Becoming a client of SAXO BANK (SCHWEIZ) AG can be done in a few steps:
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.
SAXO BANK (SCHWEIZ) AG is the 148th largest bank in Switzerland in terms of total assets. In 2019 its total assets were 727,94 mln CHF, providing the bank with the market share of 0.02%. SAXO BANK (SCHWEIZ) AG is the 45th largest foreign-controlled bank in Switzerland (out of 71 foreign-controlled banks) having market share of 0.32% 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.
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 (ESI) and makes its contributions into it.
SAXO BANK (SCHWEIZ) AG is headquartered in Zürich.
SAXO BANK (SCHWEIZ) AG is authorized and supervised by the Swiss Financial Market Supervisory Authority (reference number CHE-106.787.764).