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Open an Account with Saxo Capital Markets Today and Earn AUD $500* for Every New Client You Refer

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From my email :
Open an account with Saxo Capital Markets today and earn AUD 500 for every new client you refer to us between now and December 31st.*
In addition to that, your referral will benefit from a commission rebate up to AUD 500 in their first month of trading.

There are some pretty strict conditions on this promotion (see below), however I wouldn't put it past some Ozbargainers to want to jump through their hoops for $500?

https://www.home.saxo/-/media/documents/regional/au/au-refer…

Client Referral Promotion 2017
Terms and Conditions
1. Saxo Capital Markets (Australia) Pty Ltd (“SCMA”) is conducting the Client Referral
Promotion (“Promotion”) commencing 16 October to 31 December 2017, both dates
inclusive (“Promotional Period”). By participating in the Promotion, you agree to be bound
by the Terms and Conditions of the Promotion and any such variation.
2. An existing client of SCMA with an SCMA trading account (“Existing Client”) who successfully
refers a new client (“Referred Client”) to SCMA during the Promotional Period will be
rewarded with AUD 500.00 (or equivalent) to be credited into the Existing Client’s SCMA
trading account.
3. Individuals not eligible to participate as an Existing Client in this Promotion:
a. Individuals who do not have a trading account with SCMA;
b. Clients that have been referred or introduced to SCMA by an Introducing Broker;
c. Clients residing outside of Australia; and
d. Employees of SCMA and their immediate family members or SCMA’s business
affiliates.
4. For this Promotion, a referral is considered successful when
a. The Referred Client opens a SCMA trading account in his/her own name or jointly
with another person that is not an existing or prior client of SCMA;
b. The Referred Client meets all applicable SMC onboarding requirements, including
but not limited to KYC and AML requirements;
c. SCMA has sole and absolute discretion to approve or reject any application without
giving any reason, notice or assuming any liability to any person;
d. The Referred Client funds their SCMA trading account with the minimum initial
funding requirement of AUD 3,000.00 (or equivalent) AND executes at least one
trade via his / her SCMA trading account within the Promotional Period.
5. The Referred Client must not be:
a. The spouse of the Existing Client;
b. An existing client of SCMA or any other Saxo entity; and
c. A prior client of SCMA or any other Saxo entity.
d. Residing outside Australia.
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6. Upon the successful referral as defined in these Terms and Conditions,
a. The Existing Client must notify SCMA of the Referred Client’s name and Client
Account ID to [email protected];
b. SCMA will credit the Existing Client’s trading account no later than 30 business days
after the notification by the Existing Client.
7. SCMA reserves the right, at its sole discretion, to prohibit any Existing Client / Referred
Client from participating in any aspect of the Promotion if SCMA deems or suspects that
such any Existing Client / Referred Client has engaged in or has attempted to engage in any
of the following: a) acting in violation of these Promotion Terms and Conditions; b)
damaging, tampering with or corrupting the operation of the Promotion; c) activity deemed
in the sole discretion of SCMA to be generally inconsistent with the intended operation of
the Promotion.
8. If any Existing Client / Referred Client is discovered to be ineligible for the Promotion for any
reason, SCMA is entitled to at any time (i) forfeit, withdraw or withhold the Promotion at
any time, or where the Promotion has been awarded and/or utilised (ii) reclaim the
Promotion and/or deduct the utilised portion of the Promotion from the Existing Client’s /
Referred Client’s account. In such an event, no person shall be entitled to any payment or
compensation from SCMA.
9. Participants of the Promotion may not be eligible to participate in any other ongoing or
future promotions by SCMA, unless otherwise permitted by SCMA.
10. SCMA shall be the sole determiner in cases of suspected abuse, fraud, or breach of these
Promotion Terms and Conditions or intent of these Promotion Terms and Conditions. SCMA
decision is final and no correspondence will be entered into.
11. SCMA may, at its discretion, vary, amend, delete and / or add on to any of these Terms and
Conditions, including, but not limited to, varying the Promotional Period or terminating this
Promotion at any time without giving any reason or prior notice or assuming any liability to
any Existing Client(s) / Referred Client(s), and all Existing Clients / Referred Clients shall be
bound by such variations, amendments, deletions and / or additions. SCMA shall not be
obliged to give any reason or enter into any correspondence with any person on any matter
concerning this Promotion
12. SCMA shall not assume any liability for any loss incurred or suffered by any person in
connection with the Promotion, howsoever arising, including without limitation, any error in
computing trades and trade commissions, and any subsequent changes to commission
prices. Trading in financial instruments carries various risks and is not suitable for all
investors. It is possible to lose more than your initial investment.
v191012017
13. In the event of any inconsistency between these Terms and Conditions and any brochure,
marketing or promotional material relating to the Promotion, these Terms and Conditions
will prevail.
14. These Terms and Conditions should be read in conjunction with the General Business Terms,
Product Disclosures, and Risk Warnings available at https://www.home.saxo/en-au.
15. A person who is not a party to the Terms and Conditions shall have no rights to enforce any
of the Terms and Conditions.
16. These Terms and Conditions shall be governed by the laws of New South Wales and any
dispute arising in relation to these Terms and Conditions shall be subject to the exclusive
jurisdiction of the courts of New South Wales.

Related Stores

saxomarkets.com.au
saxomarkets.com.au

closed Comments

  • +1

    By participating in the Promotion, you agree to be bound
    by the Terms and Conditions of the Promotion and any such variation

    Any such variation? Kind of strange seeing that…

  • +1

    sounds complicated… i'll just scalp some SNES minis/iphone X's instead.

  • The abbreviation is so close to something dubious

  • +1

    is that you, Bernard Madoff???

    • +1

      Did someone say Ponzi?

  • ….and dint forget when the biz goes bankrupt u lose the 3k deposit

    • Good point, however Saxo is a very established business, and I'd guess there are ASIC rules around the trust account? Infochoice seems to suggest that the trading account is a trust account - http://www.infochoice.com.au/investment/investment-broker/sa…

      I'm personally not going to pursue the referral bonus as the T&C look too rubbery for me.

  • Useless referral. Need to quote their details in email. Why bother with a referral link?

  • +1

    Saxo is highly reccomended, the best platform for trading, low commisions and the most comprehensive offering in the market that i have ever seen.

  • -2

    Avoid at all costs. Been there, done that. Lost $1k's.

    • How did you lose money? If on the stockmarket, you can hardly blame Saxo for that.
      You don't need to trade to get the $500, however I am guessing Saxo will be pretty fussy as to who they payout judging by the T&C.

      • -2

        The big American banks were fined $5bn for rigging the system. No trader was compensated.

        • Well, consider this as the way to get your losses back!

        • Banks are very clever in finding ways to extract peoples money. If you think the corruption has stopped by the fact they got caught once………….

  • Summary:

    1. If you're not already a client, forget it.
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