Saxo Bank does not exercise any discretion in connection with the purchase or sale of securities through SaxoSelect but only automatically executes trades on behalf of the investor which corresponds to the trades carried out in respect of a strategy. Saxo Bank makes no representation or warranty as to the actual performance of the trades executed on behalf of the investor through SaxoSelect. Each strategy operates with leverage due to the use of margin products and a high degree of discretion and exposures towards single securities and asset classes, and SaxoSelect therefore entails significant risks. The in-built investment shield is designed to limit potential losses, but it is not a guarantee that the investor can only lose the pre-defined amount specified by the investor.
Saxo Bank shall not be liable for (i) any loss which the investor may suffer as a consequence of the trading and transactions undertaken by Saxo Bank in accordance with the power of attorney and terms and conditions of SaxoSelect (the "Terms"); (ii) any loss suffered or incurred by the investor as a result of or in connection with Saxo Bank's provision of SaxoSelect under the Terms, unless and to the extent that such loss is suffered or incurred as a result of Saxo Bank's gross negligence or wilful misconduct; (iii) any loss due to actions taken by Saxo Bank according to its rights under the Terms; (iv) any consequential or other indirect loss (including loss of profit and loss of goodwill) suffered or incurred by the investor whether arising from Saxo Bank's negligence or otherwise; or (v) any loss exceeding Saxo Bank's revenue on the investment account(s) of the investor for any 12 month period prior to the investor's raising of a claim against Saxo Bank.
This disclaimer is subject to Saxo Bank's Full Disclaimer available at www.saxobank.com/disclaimer.
Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer