Saxo Bank is one of the oldest Retail FX and CFD brokers, and is still today one of the largest doing about $300 billion in combined monthly volumes. The Copenhagen firm was founded in 1992 by Danish entrepreneurs Lars Seier Christensen and Kim Fournais, who co-ran the company until control of Saxo was acquired by China’s Geely Group in late 2017. Saxo Bank has matured from a mainly FX trading shop into a true multi-asset broker, with about half of its client trading volumes in any given month from a combination of Equities (including Index trading), Commodities and Fixed Income CFD products.
In addition to holding a bank license in its home market of Denmark, Saxo Bank subsidiaries are licensed in the UK, Singapore, Switzerland, France, The Netherlands, Belgium, Hong Kong and Australia. The group holds over €46 billion in combined client assets, and employs over 2,100 staff worldwide.
Saxo Bank offers its own proprietary SaxoTraderGO and SaxoTraderPRO trading platform to clients, in addition to a number of third party platforms. Clients not using the proprietary platforms can trade their Saxo account using the popular MT4, as well as Dynamic Trend, TradingView, and MultiCharts. Clients can also receive tailored multi-asset liquidity via FIX API.
Multi-asset investment specialist Saxo has announced the launch of Saxo Elite, a new service offering designed to meet the evolving needs of investors and traders.
Saxo Bank posted only its second semi-annual net loss in more than six years, ahead of a sale of the company to Safra Group.
Dan Juhl Larsen was a Saxo Bank “lifer”, joining Saxo straight out of Copenhagen Business School in 2006.
The move continues the exit of numerous Saxo Bank senior executives following the takeover of Saxo Bank by Safra Group.
Saxo Bank Securities Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today announced the launch of a stock lending service.
Søren Kyhl had been with Saxo Bank for just over 10 years, joining in 2016 as Chief Operating Officer (COO).
Saxo Bank founder Kim Fournais will step down as CEO to chair the Board of Directors, as Safra executive Daniel Belfer named CEO.
A number of longtime senior Saxo Bank executives have left ahead of the completion of Saxo Bank’s sale to the Safra Group.
Multi-asset investment specialist Saxo has launched AutoInvest in Singapore, offering a simple, automated way for anyone to invest regularly.
Saxo Bank’s Hong Kong unit, Saxo Capital Markets HK Limited, was fined $4 million earlier this month for regulatory breaches.
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