Invest in International Shares
A SMSF is permitted to invest in International Shares. To simplify the International Shares Account Application Process ESUPERFUND has established direct arrangements with Saxo Capital Markets allowing clients to easily apply for an International Share Trading Account through our website.
By using the Saxo Capital Markets Account ESUPERFUND is able to electronically access the transactions made by your SMSF in order to attend to the SMSF Annual Compliance Requirements. No records are required from you each year as we already have the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Saxo Capital Markets Account and cannot actually login to your Broker Account to access the required data.
ESUPERFUND Clients are not permitted to invest in International Shares with Brokers other than Saxo Capital Markets. In addition clients are only permitted to invest in the US Market with Saxo Capital Markets and cannot trade in other International Markets. This is due the complexity involved in accessing the required data in the format required relation to trading activities, corporate actions, dividends and currency movements. We understand that whilst data may be provided, the data must be checked, reconciled and inputted. In many cases trades are settled in different currencies which need to manually converted to Australian dollars and reconciled. In addition in many cases research is required to determine the taxation implications of transactions in particular with regards to Corporate Actions and Dividends. This additional manual work is outside the scope of our low cost model offering.
About Saxo Capital Markets
Saxo Capital Markets (Australia) Pty Ltd (Saxo Capital Markets) ABN 32 110 128 286, AFSL 280372, is a wholly owned subsidiary of Saxo Bank A/S. Saxo Capital Markets specialises in online trading and Investment across global financial markets.
What can you Trade using Saxo Capital Markets
Clients of ESUPERFUND are are only permitted to invest in the US Market with Saxo Capital Markets and cannot trade in other International Markets.
At the end of each financial year, Saxo Capital Markets will send ESUPERFUND an annual data file of all your SMSF Trades and Transactions. This enables our office to attend to your SMSF's annual compliance obligations. No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. As detailed above we have absolutely no access to your Trading Platform and cannot actually login to your Trading Account to access the required data.
Only you can transact and access the Saxo Capital Markets Platform
Importantly ESUPERFUND has absolutely no ability to enter or transact on the Saxo Capital Markets Trading Platform. Only you as the SMSF Trustee can login and transact on this Platform.
For details on the Brokerage Fees applicable under the Saxo Capital Markets Trading Platform click here.
Minimum Funding Requirement
For details on the Minimum Funding Requirement applicable under the Saxo Capital Markets Trading Platform click here.
It is important to understand that when you purchase Shares with Saxo Capital Markets, the Shares may not be CHESS Sponsored. This means that your SMSF may not be the actual owner of the Shares. If this is the case and you will need to confirm directly with the Broker that the Shares are actually held on trust for your SMSF by Saxo Capital Markets. This may expose your SMSF to additional risk in the event that Saxo Capital Markets ceases to trade or becomes insolvent. In this event your SMSF will rank as an unsecured creditor meaning that you may not recoup the full value of your Investment with the Broker. We suggest that you seek independent advice or discuss these additional risks directly with Saxo Capital Markets prior to establishing an account with them. Similar risks apply with CFDs.
Saxo Capital Markets Queries
If you have any queries about your Saxo Capital Markets Account please contact Saxo directly. Contact details can be found here. Please do not contact ESUPERFUND directly in relation to queries about your Saxo Capital Markets Account as unfortunately we will be unable to assist you with your queries.
Saxo Capital Markets Login
To login to the Saxo Capital Markets Platform click here.
We suggest that you carefully read all Disclosures provided by Saxo Capital Markets including the Website prior to establishing a Trading Account.
To establish a Saxo Capital Markets Account please complete the online application here.
Once you have completed the online application, Saxo Capital Markets will contact you directly to finalise your application.
Can your SMSF use Other International Share Brokers?
No. ESUPERFUND Clients are not permitted to invest in International Shares with Brokers other than Saxo Capital Markets.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the Saxo Capital Markets Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the Saxo Capital Markets Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the Saxo Capital Markets Account before making any decision about whether the Saxo Capital Markets Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the Saxo Capital Markets Account for your SMSF.
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