Saxo Bank Enforces Pre-Trade Disclaimer Changes by 2025

Saxo Bank pre-trade disclaimer changes, effective May 2025, will require all OpenAPI developers to handle disclaimers before trade placement. Users must display and accept these disclaimers before placing a trade. If disclaimers are outstanding, failure to implement the required functionality will result in order rejections. Pre-trade disclaimers are notices that traders must acknowledge before executing an order. 

Saxo Bank has identified three main types of disclaimers: blocking disclaimers, which prevent a trade from being placed; normal disclaimers, which only need to be accepted once unless updated; and recurring disclaimers, which must be received before each order. Developers are expected to support all three types within their OpenAPI applications to avoid disruptions in trading.

Saxo Bank Enforces Pre-Trade Disclaimer Changes by 2025

Additionally, Saxo specifies different disclaimer acceptance methods, ranging from a simple “Accept” button to more complex actions like ticking a checkbox or typing a specific phrase before proceeding. 

The variety of disclaimer types and acceptance methods makes it difficult to predict when or which disclaimers may appear, so Saxo recommends full support for all kinds to ensure smooth operation. While most users must comply with these changes, Saxo has outlined a few exceptions. 

White-label partners who manage disclaimers independently or traders dealing with simple instruments, such as stocks or ETFs, may not be affected. Saxo advises these users to contact their relationship manager to confirm whether they need to integrate disclaimers into their apps. 

With the enforcement of these changes set for May 2025, Saxo Bank is urging developers to begin updating their applications now to ensure they meet the new requirements. Early implementation will help avoid any disruptions as the deadline approaches.

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