Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it has partnered with Novobanco, a major Portuguese full-service bank, to provide Novobanco clients with access to Saxo’s advanced trading platform, delivering a fully digital investment experience.

This partnership will leverage Novobanco’s services and further solidifies its leadership position by empowering private investors to explore a significantly expanded investment universe through a globally renowned reference like Saxo Bank.

Digitalisation has brought a shift of mindsets in Portugal which has transformed the way people do their banking. An increasing number of Portuguese investors are embracing a fully digital investing experience and seeking a more diverse array of instrument opportunities. By integrating Saxo Bank’s multi-asset platform, Novobanco is levelling the playing field, empowering a broad spectrum of investors and traders to access extensive investment opportunities with state-of-the-art trading and analytical tools.

Elisabete Pinto Pereira, Director of Investment and Protection, Novobanco, said:

“As a bank fully focused on the customer and their needs, we believe that this partnership is an enabler of the Wealth Management journey we have embarked upon by allowing both a democratization and a digitalization of the investment experience.”

Henrik Alsøe, Global Head of Saxo Institutional, said:

“As a leading digital trading and investment services provider, Saxo is thrilled to expand the relationship with the Novobanco Group and contribute to their drive towards improved customer centricity. We believe our respective expertise can drive mutual innovations as we help naturally curious people get invested in the global financial markets. The Novobanco – Saxo combination offers Portuguese retail investors unparalleled choice in a time when more and more people want to take control of their own investments.”

About Novobanco

Novobanco is a universal commercial bank operating in the Portuguese market and offering a large range of financial products for both retail and corporate clients. With 1.6 million clients and 44 billion euros of assets, Novobanco is one of the biggest banks in Portugal. The bank is committed to serve its customers with transparency, simplicity, and safety, and to excel in providing an omnichannel experience to every client.