Totality’s Australian legal issuer is Totality Wealth Limited, with the former Saxo Capital Markets (Australia) identity disclosed on its site. The 2026 rebranding affects client logins and support as well as the name. Cash equities, rolling FX and exchange-traded derivatives retain different custody, settlement and financing arrangements.[1][2][9]
Accounts and eligibility
Sections ↑Account comparison01
Account types
| Item | Terms and scope |
|---|---|
| Contracting firm | Totality Wealth Limited; formerly Saxo Capital Markets (Australia)Source 1 |
| AFSL | 280372; ABN 32 110 128 286Source 1 |
| Individual registration | Individual brokerage application offeredSource 7 |
| Funding obligation | No obligation to deposit or trade after openingSource 3 |
| Account group | Individual, joint, SMSF, trust, corporate, wholesale and First optionsSource 3 |
Account comparison02
Registration and service level are separate choices
| Item | Terms and scope |
|---|---|
| Registration | Individual, joint, company, trust and SMSF routesSource 7Source 3 |
| Service level | Classic or First pricing/service categorySource 7Source 3 |
| First service | Relationship manager and sales-trader support are advertisedSource 7Source 3 |
| Opening without funding | The account page says opening creates no obligation to deposit or tradeSource 7Source 3 |
Account comparison03
Existing Saxo Australia clients after migration
| Item | Terms and scope |
|---|---|
| Platform change | Saxo-branded platform access retired 1 April 2026Source 9 |
| First Totality sign-in | Use the published password-reset processSource 9 |
| Missing account link | An empty account screen can require support to link the trading accountSource 9 |
| Legacy support tickets | Previous Saxo tickets may not appear in the new help areaSource 9 |
Products and market access
Sections ↑At a glance04
Market coverage
| Item | Terms and scope |
|---|---|
| Spot FX | 185 currency pairs advertisedSource 5 |
| FX forwards | 140+ forwards advertisedSource 5 |
| Cash shares | 23,000+ equities across 50 exchanges marketedSource 3 |
| Exchange-traded futures | 250 listed futures advertisedSource 3 |
| Contracts for difference | 8,600+ instruments marketedSource 3 |
Specifications05
FX exposure and securities ownership
| Item | Terms and scope |
|---|---|
| Rolling spot FX | Positions roll rather than delivering the currenciesSource 8Source 1Source 7 |
| Cash shares and ETFs | Securities held through the disclosed custody chainSource 8Source 1Source 7 |
| FX forwards | Separate forward instruments with maturity and financing termsSource 8Source 1Source 7 |
| Futures and options | Exchange-traded contracts have their own disclosure and margin documentsSource 8Source 1Source 7 |
Costs and charges
Sections ↑At a glance06
Price metrics
| Item | Terms and scope |
|---|---|
| EUR/USD Classic | Advertised indicative minimum 0.7 pipSource 4 |
| EUR/USD First | Advertised indicative minimum 0.5 pipSource 4 |
| AUD/USD tiers | 0.6 pip Classic and 0.4 pip First minimaSource 4 |
| ASX share dealing | From 0.03%, minimum AUD 3Source 3 |
| Conversion | Website states no more than +/-0.45% currency-conversion feeSource 3 |
Pricing & charges07
Advertised FX minima by account tier
Pricing & charges08
Gold and share dealing use different units
| Item | Terms and scope |
|---|---|
| XAU/USD minimum | Classic 13 US cents; First 9 US centsSource 4Source 3 |
| ASX shares headline | 0.03%, minimum AUD 3Source 4Source 3 |
| Minimum-rate limitation | These are posted minimums, not measured average spreads or an all-in holding costSource 4Source 3 |
Pricing & charges09
International securities custody
| Item | Terms and scope |
|---|---|
| Classic | 0.12% annual rateSource 8 |
| First | 0.06% annual rateSource 8 |
| Assessment | Daily closing values; charged monthlySource 8 |
| Exemption | ASX-listed shares, ETFs/ETCs and bondsSource 8 |
| Illustration | AUD 100,000 constant foreign holdings implies AUD 120 or AUD 60 annually before valuation and currency changesSource 8 |
Pricing & charges10
Currency-conversion charge
| Item | Terms and scope |
|---|---|
| Maximum adjustment | Up to±0.45% against the FX spot mid-rateSource 8 |
| Covered cash movements | Foreign-currency securities settlement, option premiums and sub-account conversionsSource 8 |
| Excluded basis | No conversion fee merely on margin collateralSource 8 |
| Record | Applied conversion rate appears in the Trades Executed reportSource 8 |
Pricing & charges11
Credit and debit interest by tier
| Item | Terms and scope |
|---|---|
| Positive net free equity | Classic: Totality Bid minus 3%; First: Bid minus 1%Source 8 |
| Positive-interest floor | Zero; the markdown alone does not create negative credit interestSource 8 |
| Negative net free equity | Classic: Totality Ask plus 8%; First: Ask plus 6%Source 8 |
| Debit benchmark floor | Ask is floored at zeroSource 8 |
| Booking | Accrues daily; normally settles within seven business days after month-endSource 8 |
Pricing & charges12
What net free equity measures
| Item | Terms and scope |
|---|---|
| Starting amount | Value-dated cash in the relevant currencySource 8 |
| Position adjustment | Unrealised CFD, forward and futures profit/lossSource 8 |
| Financing deduction | Relevant position-financing margin requirementsSource 8 |
| Currency effect | A negative main-currency amount can incur interest despite positive foreign sub-accountsSource 8 |
Pricing & charges13
FX overnight components
| Item | Terms and scope |
|---|---|
| Tom/next interest-rate markup | Classic ±0.60%; First ±0.45% markups to the Tom/next interest rates in the schedule; these are not percentages of notional charged each nightSource 8 |
| Named extra markup | Additional ±0.30% for MXN, RUB, TRY and ZAR crossesSource 8 |
| Separate component | Financing of unrealised profit or lossSource 8 |
| Application | Swap adjustment changes the opening price under the default methodSource 8 |
The absence of an inactivity charge does not make an idle portfolio cost-free: foreign securities can continue to attract custody fees. FX positions also have a rollover cost independent of the displayed entry spread. The live ticket is important because the general schedule still contains legacy Platinum/VIP wording in its instrument-request section, while the active pricing pages use Classic and First.[8][3]
Platforms, orders and execution
Sections ↑At a glance14
Order workflow
| Item | Terms and scope |
|---|---|
| Platform range | Totality Core, Edge and ApexSource 3 |
| FX interface and access | Totality Edge web/mobile access; Apex is the separate advanced desktop platformSource 5 |
| Order controls | Market, limit and stop orders advertisedSource 5 |
| Infrastructure | Saxo global technology underpins Totality serviceSource 2 |
| Execution audit | Market, limit and stop orders are advertised; minimum spreads do not establish realised execution qualitySource 5 |
At a glance15
Rollover and settlement conventions
| Item | Terms and scope |
|---|---|
| Ordinary FX spot convention | Most pairs T+2; USD/CAD is a stated T+1 exceptionSource 8 |
| Totality rolling positions | Open positions do not physically settle; they roll at the daily cutoffSource 8 |
| Published cutoff | 17:00 Eastern Standard Time in the scheduleSource 8 |
| NZD exception | The schedule specifies 07:00 New Zealand Daylight TimeSource 8 |
At a glance16
Finding the applicable terms inside the platform
| Item | Terms and scope |
|---|---|
| Pre-trade ticket | The general schedule directs clients here for account-specific discrepanciesSource 8Source 9 |
| Custody rate | Edge → instrument information → Trading Conditions → Trading ratesSource 8Source 9 |
| Execution records | Trades Executed report includes booked currency conversionsSource 8Source 9 |
| Core to Edge | The migration guide says Core’s Trade route opens EdgeSource 8Source 9 |
Funding, settlement and transfers
Sections ↑At a glance17
Settlement and funding
| Item | Terms and scope |
|---|---|
| Withdrawal following share sale | The account page describes two-to-three-day securities settlement; actual availability follows the instrument and marketSource 3 |
| Foreign-currency sub-account | Opening another currency balance is advertised as freeSource 3 |
| Share custody | Saxo Bank acts as custodian for specified securities; Citibank sub-custodian describedSource 3 |
| Deposit minimum | No funding obligation at account openingSource 3 |
| Funding controls | Use the instructions inside the new Totality account after migrationSource 1 |
At a glance18
Securities transfers
| Item | Terms and scope |
|---|---|
| Transfer into Totality | No incoming securities-transfer fee postedSource 8Source 7 |
| Transfer out | AUD 50 per ISINSource 8Source 7 |
| Maximum posted exit fee | AUD 200Source 8Source 7 |
| Cash sub-accounts | Opening an additional currency sub-account is advertised as freeSource 8Source 7 |
Regulation and client assets
Sections ↑At a glance19
Regulation
| Item | Terms and scope |
|---|---|
| Licence holder | Totality Wealth Limited AFSL 280372Source 1 |
| OTC derivatives PDS | Product disclosure dated 12 August 2026 on legal hubSource 1 |
| TMD | OTC-derivatives target-market document dated 12 August 2026Source 1 |
| Custody disclosure | Saxo Bank and Citibank mentioned for listed asset custodySource 3 |
| Retail vs wholesale | Multiple classifications advertisedSource 3 |
Entities & regulation20
Listed-security custody chain
| Item | Terms and scope |
|---|---|
| Custodian | The account explanation identifies Saxo Bank A/SSource 7Source 1 |
| Sub-custodian | Citibank is named in the custody explanationSource 7Source 1 |
| Holding model | Custodial holding rather than an individual CHESS HINSource 7Source 1 |
| Separate OTC relationship | The issuer’s derivatives PDS governs rolling FX/CFD exposuresSource 7Source 1 |
Entities & regulation21
Dated disclosure documents on the legal hub
| Item | Terms and scope |
|---|---|
| OTC derivatives | PDS and target-market determination dated 12 August 2026Source 1 |
| Exchange-traded derivatives | Futures/options PDS 11 August 2025; TMD 12 December 2025Source 1 |
| General service documents | FSG, business terms and execution-policy material are linked separatelySource 1 |
Support and account records
Sections ↑At a glance22
Desk operations
| Item | Terms and scope |
|---|---|
| Standard contact | Phone, live chat and email statedSource 6 |
| Office hours | Monday-Friday 8:30–17:30 Sydney timeSource 6 |
| First tier | Relationship managers and sales traders advertisedSource 6 |
| Overnight risk | Markets may trade outside customer-service desk hoursSource 6 |
| Complaints | Australian issuer named on legal documentationSource 1 |
At a glance23
Contact during and after the platform move
| Item | Terms and scope |
|---|---|
| Migration email | [email protected]Source 9Source 6Source 7 |
| Telephone | +61 2 8267 9000Source 9Source 6Source 7 |
| Published ordinary hours | Monday–Friday 08:30–17:30 Sydney timeSource 9Source 6Source 7 |
| First support | Relationship-manager/sales-trader service advertised separatelySource 9Source 6Source 7 |
At a glance24
Reporting charges are separate from inactivity
| Item | Terms and scope |
|---|---|
| Inactive account | No inactivity fee postedSource 8 |
| Classic emailed report | USD 50 or account-currency equivalent when requestedSource 8 |
| Third-party report request | The same posted fee can apply to an auditor’s requestSource 8 |
| Routine online access | The charge is specifically for requested email deliverySource 8 |
Research and additional services
Sections ↑At a glance25
Additional services
| Item | Terms and scope |
|---|---|
| Cross-asset dealing | Equities, ETFs, bonds, futures, FX and CFDs on one relationshipSource 3 |
| FX forward access | Forward range offeredSource 5 |
| Currency balances | Additional sub-accounts support multicurrency allocationSource 3 |
| Superannuation | SMSF account type marketedSource 3 |
| Premium desk | Totality First relationship-manager programmeSource 6 |
At a glance26
Tax-document and shareholder-service charges
| Item | Terms and scope |
|---|---|
| Requested Form 1042-S | EUR 1,000 per income year under the posted scheduleSource 8 |
| Exceptions | Formal IRS request or incorrect US relief-at-source rate applied by TotalitySource 8 |
| More than ten forms | The stated handling amount can increaseSource 8 |
| Proxy-voting subscription | EUR 30 annually excluding VAT, charged quarterlySource 8 |
| Vote or change | EUR 5 per vote excluding VATSource 8 |
Company and legal entities
Sections ↑At a glance27
Issuer identity and infrastructure
| Item | Terms and scope |
|---|---|
| Issuer | Totality Wealth LimitedSource 1Source 2 |
| ABN | 32 110 128 286Source 1Source 2 |
| AFSL disclosed by company | 280372Source 1Source 2 |
| Former name | Saxo Capital Markets (Australia)Source 1Source 2 |
| Technology | Saxo infrastructure remains part of the offeringSource 1Source 2 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Totality Wealth Limited
AustraliaSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission280372 | Not verified | Checked 27 Oct 2026Company-published identifier; current detailed permissions were not independently matched in the authority register.Source 1 |
Important account distinctions
Sections ↑At a glance28
A holding-cost example beyond the dealing fee
| Item | Terms and scope |
|---|---|
| Illustrative Classic foreign portfolio | AUD 100,000 constant value generates AUD 120 annual custody at 0.12%Source 8Source 3 |
| AUD 10,000 converted cash | A 0.45% adjustment is AUD 45 equivalent at that momentSource 8Source 3 |
| Other components | Trade commission, market charges and any margin/FX financing remain separateSource 8Source 3 |
Sources & further reading
- Totality current Australian issuer and product disclosures Totality Wealth Limited · Accessed 27 Oct 2026
- About Totality: former Saxo Australia, Saxo infrastructure Totality Wealth Limited · Accessed 27 Oct 2026
- Price and product overview Totality Wealth Limited · Accessed 27 Oct 2026
- FX spreads and commissions: Classic and First Totality Wealth Limited · Accessed 27 Oct 2026
- Forex products, execution and Totality Edge Totality Wealth Limited · Accessed 27 Oct 2026
- Totality client support hours and channels Totality Wealth Limited · Accessed 27 Oct 2026
- Totality individual account options Totality Wealth Limited · Accessed 27 Oct 2026
- Totality commissions, financing, custody and administrative charges Totality (Australia) · Accessed 27 Oct 2026
- Totality customer migration and new login instructions Totality (Australia) · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.