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.
featured, Saxo Bank
0 Comments
Saxo Bank A/S has decided to initiate a review of strategic opportunities for its Asia-Pacific presence.
featured, Saxo, Saxo Bank, SaxoInvestor
0 Comments
Saxo Bank, parent of the wholly-owned subsidiary Saxo Australia, has launched its new and improved SaxoInvestor app.
BinckBank, featured, Saxo Bank
0 Comments
The legal merger of BinckBank N.V. and Saxo Bank A/S is confirmed and will take place on 1 July 2024.
featured, Saxo Bank
0 Comments
Saxo Bank’s core FX trading volumes came in at $79.6 billion for the month, the lowest level they have been at since 2016.
featured, Saxo, Saxo Bank
0 Comments
Saxo Bank has announced that cross currency sub-account transfers during FX non-trading hours will no longer be supported starting mid/end June 2024.
featured, Saxo, Saxo Bank, SaxoPartnerConnect
0 Comments
Multi-asset investment specialist Saxo Bank has issued an update to its white label clients regarding its legacy platform Webconnect.
Andrew Bresler, featured, InvestCloud, Saxo Bank, Saxo Bank UK, Saxo Capital Markets UK Ltd, Saxo Markets UK Ltd
0 Comments
The hiring marks a return for Andrew Bresler, who was Deputy Head of Sales Trading at Saxo in Singapore from 2016 to 2018.
featured, Group Commercial, Saxo, Saxo Bank
0 Comments
Saxo Bank has announced the merger of its Global Sales and Saxo Experience Office (SXO) into a single entity named Group Commercial.
featured, Geely Group, Saxo, Saxo Bank
0 Comments
Multi-asset investment specialist Saxo Bank has reached another significant milestone, exceeding DKK 800 billion in client assets.
featured, Mandatum, Sampo, Saxo Bank
0 Comments
The parties had previously agreed that the Saxo Bank stake would be included with Mandatum, when Mandatum was spun off of Sampo.
Get FNG's daily newsletter to receive notice of all articles like this one, in a concise daily email.
Subscribe now!
