Copenhagen based FX, CFDs and multi asset broker Saxo Bank has announced that is introducing Saxo Rewards – a new, highly personalized loyalty program that offers traders and investors the opportunity to qualify for account upgrades by collecting reward points.
The scheme, which Saxo said is now available to its clients across the MENA region, is an interactive and progressive program across all major asset classes including CFDs, FX, Stocks and Bonds.
How does it work?
Saxo clients earn reward points for every qualifying trade made, as well as a variety of other activities. Accumulated points for trading activity will qualify clients for account upgrades and access to what Saxo says will be better levels of pricing and service.
Steve Weller, CEO Saxo Bank MENA Region, said:
“Saxo Rewards is a perfect fit for our MENA clients, offering an experience that rewards them for their loyalty. The program has been designed with the evolving needs and unique characteristics of the region’s investors and traders in mind. Our aim is to make it fully transparent and intuitive for our clients to understand the advantages they might qualify for, either in terms of account upgrades, better prices or higher levels of service.
The Saxo Rewards scheme offers three tiers – Classic, Platinum and VIP. Qualifying for each tier will depend upon a client’s commitment and engagement in various factors including funding, trading and investment activity. Utilizing Saxo Bank’s world-class trading platforms, this transparent real-time and intuitive program ensures that trading and investment is rewarding for all active clients, including tips on how to earn points and acquire attractive savings through tier promotion.
Saxo Rewards is powered by AI and big data allowing our clients to be able to monitor their rewards points balance in real-time for complete transparency, said Weller. This is just another example of Saxo Bank empowering traders and investors through utilizing our advanced technology and fintech expertise.”
Saxo Bank noted that future updates to the program will give active traders and investors additional ways to earn reward points and progress through its tiers – this could even include non-trading activities such as referrals, participating in educational content and attending events.