Saxo Markets

If you trade via Saxo Markets, you can directly connect your brokerage account to Sharesight, allowing you to automatically sync your historic and ongoing trades to your Sharesight portfolio.

Note: This connection is only available to SAXO Australia account users. Your Sharesight portfolio's Tax Residency must be set to Australia to enable the integration successfully.

How to connect your Saxo Markets account to Sharesight

1 - Login to or Sign up for Sharesight.

Note: This connection only shares your trade history and investment data with Sharesight. None of your personal account data is shared.

2 - On the ‘Let's get you started with Sharesight’ page, select the ‘Import from your Broker’ tile.

3 - Click on the Saxo tile and then select 'Connect to Saxo Market'.

4 - The Saxo Markets’ login page loads. This is a Saxo Markets page – Sharesight does not have access to your login details. Type in your login details and click the ‘log in’ button.

5 - Back in Sharesight, the ‘Import trades from Saxo Markets’ page loads. Your Saxo Markets trading accounts will appear in the dropdown list marked ‘Please select an account’. Select the account you wish to import.

Note: Saxo Markets separates your trades into different accounts based on the traded currency, i.e. AAPL:NASDAQ trades in USD are held in a USD Saxo Markets account.

All Saxo Markets accounts can be imported into the same Sharesight Portfolio.

Sharesight portfolio calculations are based on the Tax Residency of the portfolio. All investments will be displayed in the portfolio currency set by the Tax Residency country.

Foreign trades traded in a different currency will be automatically converted to the portfolio currency and show an exchange rate. The currency fluctuations will be calculated into your portfolio performance.

For example: Apple (APPL:NASDAQ) traded in USD – Sharesight portfolio is an Australian Tax Residency portfolio, AUD.

In the portfolio, the USD trade will have an exchange rate of USD to AUD which will be factored into the performance. To view a foreign investment in its home currency, create a portfolio with your tax residency set as the market's home country (in this example a US tax residency portfolio).

6 - Select the date range of the trade history you wish to import. (Default start date is 01/01/1970)

Note: If you have already populated your portfolio by using the Trade Confirmation Emails feature, select the date from the last time you sent a contract note to Sharesight. Importing from the first trade will duplicate the trades in the portfolio.

7 - Click the ‘Import’ button.

Note: Sharesight will not import CFDs. These have to be added manually using the Custom Investment feature.

8 – Your Sharesight portfolio will be populated and the Portfolio Overview Page will load.

Your investments will be calculated by Sharesight’s performance calculation methodology, which is a money-weighted return methodology, meaning the performance figures take account of the size and timing of cash flows.

Sharesight will automatically create dividends and corporate actions for the investments you have imported.

)

Now that you have populated your portfolio, we recommend you:

1 - Review the trades imported:

a - Handle any negative holdings - Holdings with fewer buy trades than sell trades (occurs when you have transferred stocks from another broker or off market trades).

b - Handle any non-automated corporate actions.

c - Set up any Dividend Reinvestment Plans.

2 - Verify and confirm automatically generated data (dividends and corporate actions).

3 - Share access to your portfolio with your accountant.

4 - Add your other investments to Sharesight.

5 - Explore Sharesight’s extensive reports.

6 - Use Sharesight to help you complete your tax return.

Other methods to import your trades

If you choose not to connect your Saxo Markets account to Sharesight, you can also import your ongoing trading data by having your trade confirmation emails automatically forwarded to Sharesight to capture ongoing trades.

It is possible to import your historical data to a Sharesight portfolio by forwarding your trade confirmations, however for your convenience, it is recommended that you utilise the direct connection between Saxo Markets and Sharesight.

Note: If you have already populated your portfolio by using the Trade Confirmation Emails feature and wish to switch to a direct connection instead, disenable this feature as you can now sync your trades using the Integrations tab.

DISCLAIMER

Trading can result in losses. Please ensure you understand the risks.

Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286 AFSL 280372 (‘Saxo’ or ‘Saxo Capital Markets’) is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Combined Financial Services Guide & Product Disclosure Statement to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.