DISCLAIMER
Disclaimer
General
These pages contain information about the services and products of Saxo Bank A/S (hereinafter referred to as “Saxo Bank”). The material is provided for informational purposes only without regard to any particular user's investment objectives, financial situation, or means. Hence, no information contained herein is to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Saxo Bank does not guarantee the accuracy or completeness of any information or analysis supplied. Saxo Bank shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service. Saxo Bank accepts no responsibility or liability for the contents of any other site, whether linked to this site or not, or any consequences from your acting upon the contents of another site. Opening this website shall not render the user a customer of Saxo Bank nor shall Saxo Bank owe such users any duties or responsibilities as a result thereof.
Risk
Foreign exchange trading and investment in derivatives can be very speculative and may result in losses as well as profits. Foreign exchange and derivatives trading entails a considerable risk factor and is therefore not suitable for every investor. The website does not take into account special investment goals, the financial situation or specific requirements of individual users. Hence, you should carefully consider your financial situation and consult your financial advisors as to the suitability of your situation prior to making any investment or entering into any transactions.
Local regulatory restrictions
This website can be accessed worldwide. The information provided is however only intended for use by, any person in any country where such use would not be contrary to local law or regulation. None of the products and services referred to on this website is available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local law or regulation to which they are subjected.
Use of the website
Saxo Bank including its directors, officers or employees shall not be liable for any damages or injury arising out of your access to, or inability to access, this site or from your reliance on any information provided herein. Saxo Bank disclaims any and all liability for direct, indirect, incidental, consequential, punitive, and special or other damages, lost opportunities, lost profit or any other loss or damages of any kind. This limitation includes any damage or virus, which may affect your computer equipment.
Translation deviances
For customer benefit Saxo Bank offers this site in a wide range of languages. Users of the website agree that Saxo Bank shall not be held liable to anyone for any direct or indirect loss or injury caused in whole or in part by the incomplete or inaccurate translation of the original English text to another language. Any translation that constitutes a departure from the English text should be disregarded.
Copyright
The works of authorship contained in this website, including but not limited to all design, text and images, are owned, except as otherwise expressly stated, by Saxo Bank, and may not be copied, reproduced, transmitted, displayed, performed, distributed, rented, sublicensed, altered, stored for subsequent use or otherwise used in whole or in part in any manner without the prior written consent of Saxo Bank.
Privacy and Use of Personal Data
When signing up for a demo or live account Saxo Bank will, for administrative purposes, require and store different information about its customers, for example name, address. Furthermore some financial information is required for credit assessment. We also require your email address to be able to send you your login information. Your email address will not be passed on to third parties, but may be used by Saxo Bank in relation to its products (including any marketing campaigns related to these products). If you do not wish to receive such marketing material please send an email to MTSupport@SaxoBank.com stating so.
According to the law, the Bank's employees are obliged to treat this information as confidential and may not pass on or use confidential information about you without justification. Please note that in certain cases, the Bank is required to pass on information to the public authorities, for example the tax authorities.
Information about customer relationships will only be disclosed to third parties if Saxo Bank is entitled to disclose the information according to Danish law or has obtained the customer's written consent.
Saxo Bank can disclose the following information:
- General customer data, such as name, address and personal registration number, to companies carrying out administrative tasks for Saxo Bank.
- General customer data about corporate customers to financial companies subject to professional secrecy, for the purpose of marketing and advisory services.
In addition, in accordance with the provisions of the Danish Act on Processing of Personal Data, the customer has a right to be informed of the data that banks holds about him/her. The bank may charge a fee for providing such information in writing to the customer, according to rates fixed by the Danish Ministry of Justice.
Finally, Saxo Bank may pass on information if you have given your consent. You can always revoke your consent or change it.
If it proves that our information about you is incorrect, we will of course correct it immediately. We will also immediately inform anyone who may have received this information of the error.
Please note that if you need to change your personal information on www.saxobank.com or correct an error, you may do so by using the "Edit Your Profile" page to update your records. You find it in the main menu under "Member Menu". If you have any questions or concerns, please contact us by email at cs@saxobank.com or call us on +45 39 77 40 00.
Third party services
On the website, other companies may advertise their services through links or banners. Saxo Bank does not accept any responsibility or liability for the services offered by any other website or company you may visit as a result of such links or banners. If you decide to act on any such information or offers, you do so entirely at your own risk.
Any dispute related to the use of these pages will be settled by the district court of Copenhagen, Denmark in accordance with the laws of Denmark.
Client relationship
When applying for an account with Saxo Bank, each client will be subject to the relevant business terms depending on the type of relationship. All clients must be familiar with the specific business terms and related policies, which apply to the client relationship with Saxo Bank.
Analysis Disclosure & Disclaimer
Risk warning
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
Sources of information
Saxo Bank utilizes financial information providers and information from such providers may form the basis for an analysis. Saxo Bank accepts no responsibility for the accuracy or completeness of any information herein contained.
Basis of valuation or methodology used to evaluate financial instruments or issuers
Any recommendations and other comments in Saxo Bank's analysis derive from objective fundamental macro economical and company specific calculations, statistical and technical analysis, and subjective general market assessment.
Recommendation types
If an analysis contains recommendations to buy or sell a specific financial instrument, such recommendation should be seen as Saxo Bank's opinion that the specific instrument will respectively outperform the relevant market or underperform compared to the market. Saxo Bank's recommendations should statistically correspond to an even distribution between buy and sell recommendations.
Expiration and update of recommendations
The recommendations may expire promptly due to market volatility. In general, Saxo Bank does not anticipate its foreign exchange recommendations to be valid for more than one to three days and its equity and futures recommendations to be valid for more than one to five days. An analysis will be updated if and only if a market development or other issues relevant to the analysis render a new analysis on the same topic relevant. Saxo Bank's analysis does not cover any specific financial product over time but only products which Saxo Bank's strategy team finds it important to cover at any given point in time.
Any assumptions on which the recommendations are based may be subject to uncertainty and a breach of any of these assumptions may result in the expiry of the individual recommendation.
Conflict of interest
In order to prevent conflicts of interest, Saxo Bank has established appropriate business procedures, incl. procedures applicable to research and analysis to ensure objective research reports. Saxo Bank's research reports have not been discussed with the parties, e.g. issuers of securities, mentioned in the analysis.
Saxo Bank, its employees and related legal persons may have, establish, change or cease to have positions in securities, foreign exchange or other financial instruments covered by a recommendation.
Saxo Bank may act as market maker in all products not traded on an exchange (i.e. OTC products such as foreign exchange and CFDs) and may therefore be on the other side of any trades conducted by clients in these products.
Supervision
Saxo Bank is under supervision by the Danish Financial Supervisory Authority ("Finanstilsynet") and is subject to the Danish Executive order on Good Business Practice for Financial Undertakings.
Corporate Finance Activities
Saxo Bank does not engage in corporate finance activities and accordingly, Saxo Bank's employees, incl. the persons responsible for an analysis, do not receive remuneration associated with investment banking transactions.