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Saxo Bank volumes tick up 7% in February to $302.4 billion

Gerald Segal 0 Comments March 4, 2021

Copenhagen based Retail FX and CFDs broker Saxo Bank just posted its best month for client activity since September 2020, topping $300 billion in trading volumes for the first time in five months.

Overall, trading volumes came in at $302.4 billion in February 2021 at Saxo Bank, up 7% from January, with all four asset areas – FX, Equities, Commodities, and Fixed Income – seeing an uptick in activity from January.

Actual client trading figures at Saxo Bank in February 2021 by asset type were:

Equities $137.6 billion (+12%)
Commodities $37.0 billion (+13%)
Fixed Income $8.0 billion (+4%)
FX $119.8 billion (+1%)

Saxo Bank is controlled by China’s Geely Group, which bought a majority interest in the company in 2018.

Gerald Segal

Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.