Refer a friend
and get up to 500€ in your account*
Up to 500€ credit
As the owner of a Saxo account via Hugo you can introduce like-minded traders to Saxo and earn up to €500 for every successful referral you make.*
Simply fill in the form to receive your personalised referral link that you can forward to anyone who you feel might be interested.
Please note: use the same email address as you use for your Saxo account.
*Terms and conditions apply
How much do you receive?
Your friend deposists over €500: you receive €50
Your friend deposists over €2.000: you receive €250
Your friend deposists over €200.000: you receive €250
To make a referral, simply fill out the form on our website to get your unique referral link. Feel free to share it with as many friend as you would like.
You can share your link with as many friends as you like. Please be aware according to our Terms and Conditions you can receive a reward for a maximum of 3 referrals per rolling 3 month period.
If you’re eligible for a reward, we will credit your account on the first day of the following month after you qualify. Please note, we allow the referred client 30 days to meet our minimum funding requirements, so it may take longer than expected to credit your account.
Terms & conditions
a) In this Programme, existing clients of SAXO BANK (Referrer) can invite friends and family (Referred Friend) to open an Account with SAXO BANK and subject to these Terms and Conditions (Terms) the Referrer may become eligible to earn a credit on their SAXO BANK Account (Credit).
b) By participating in the Programme, the Referrer and the Referred Friend are deemed to have accepted these Terms.
c) The Referrer acknowledges and accepts that it is prohibited from presenting itself as being an agent or employee of SAXO BANK or otherwise hold out to represent any company within the Saxo Bank Group. Participation in the Programme will not constitute or be deemed to constitute any form of partnership, association or joint venture between SAXO BANK and the Referrer.
d) The Referrer acknowledges and accepts that it is prohibited from presenting itself as being an agent or employee of SAXO BANK or otherwise hold out to represent any company within the Saxo Bank Group. Participation in the Programme will not constitute or be deemed to constitute any form of partnership, association or joint venture between SAXO BANK and the Referrer.
1. In order for the Referrer to be eligible for Credits under the Programme, the following eligibility criteria must be met:
a) the Referrer must be a direct client of SAXO BANK and have a relationship with the Referred Friend;
b) the Referred Friend must open their account within 90 days of the referral and must:
i) be over 18 years of age and have their application approved by SAXO BANK in accordance with SAXO BANK’s regulatory obligations;
ii) be a new client of SAXO BANK and have not previously maintained an Account with SAXO BANK or any other company within the Saxo Group;
iii) fund their Account with the required minimum funding requirements as set out in clause 9 of these Terms;
iv) have evidenced to be active on the trading platform. SAXO BANK will review to ensure the criteria has been met;
v) not be an immediate family member or spouse of the Referrer or live in the same household as the Referrer.
2. The Programme is not open to employees of any company within the Saxo Group or their families and those of any white label clients or introducing brokers who have a contractual relationship with SAXO BANK or any other company within the Saxo Group.
3. SAXO BANK reserves the right to exclude any individual or any application from the Programme. The decision of SAXO BANK is final and SAXO BANK will be under no obligation to provide any reason for doing so.
1. Subject to all Terms of the Programme, the Referrer may earn Credit to their SAXO BANK Account for each Referred Friend as follows:
a. 50 EUR for a Referred Friend who funds their SAXO BANK account with 500.00 EUR up to 19,999.99 EUR within 30 days of opening their SAXO BANK account;
b. 250 EUR for a Referred Friend who funds their SAXO BANK account with greater than 20,000 EUR but below 200,000 EUR within 30 days of opening their SAXO BANK account;
c. 500 EUR for a Reffered Friend who funds their SAXO BANK account with greater than 200,000 EUR within 30 days of opening their SAXO BANK account.
1. SAXO BANK will not accept more than 3 Referred Friends per Referrer within any rolling three month period.
2. In the event of multiple referrals for the same individual, SAXO BANK will determine which referral was received first for qualification as a Referred Friend. The decision of SAXO BANK is final.
3. When a Credit is credited to an Account, neither the Referrer nor the Referred Friend may have any pending withdrawal or account closure request. Credits due will only be paid into an Account and no other method payment will be considered.
4. SAXO BANK reserves the right to deduct a Credit from an Account if the Credit is withdrawn or the Account is terminated within 90 calendar days of the Credit being credited to the Account. After the expiry of 90 calendar days from the crediting of the Credit, the Referrer is free to withdraw the amount as cash.
5. Under no circumstances will SAXO BANK be liable for any losses that the Referred Friend may incur as a result of trades undertaken on their Account.
6. SAXO BANK will not be liable for any special, indirect, incidental or consequential loss or damage relating to participation or inability to participate in the Programme.
7. The Referrer and the Referred Friend will indemnify and hold SAXO BANK, its affiliates, officers and employees harmless from any claim, demand, expense or damage relating to their breach of these Terms.
8. SAXO BANK reserves the right to amend the Terms of the Programme or withdraw it at any time without notice.