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Saxo Bank launches retail FX trading platform


Saxo Bank, the online trading and investment specialist, has announced the launch of which will offer retail investors a select range of FX crosses and CFDs with variable spreads - as low as 0.8 pips. provides investors with a range of basic functionalities designed to make trading flexible and straightforward. is powered by Saxo Bank, which is renowned for aggregating liquidity from the world’s leading FX dealers. gives traders the ability to trade in the world’s most liquid currency pairs and global commodity CFDs at very competitive spreads.

Claus Nielsen, head of markets at Saxo Bank, said: "Saxo Bank will continue to cater for high-net-worth and institutional traders who increasingly demand usability, mobility, performance, and service when executing online trades and orders. At the same time, will appeal to Forex and CFD traders who are price sensitive and do not require a personal service, but still want the ability to utilise an award-winning online trading platform.

“We believe the retail foreign exchange market will maintain its growth trajectory for the next 10 to 15 years and we want to cater for high-net-worth investors as well as high-frequency traders to who tight spreads and deep liquidity are essential. There is no additional commission on and we see as bringing new competition to the smaller competitors, outside the tier-one banks, in the market focused on foreign exchange.”

The minimum initial deposit when opening an account with is $2,000 or equivalent and no interest will be paid on funds on deposit. will only offer English support and service and only supports retail trading accounts.

More information on forex accounts can be found on the website.

About Saxo Bank:
Saxo Bank is a leading online trading and investment specialist with a worldwide client base. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Asset Management accommodates high-net worth private clients and institutional investors. In 2010 Saxo Bank continued the diversification of its business with acquisitions of Saxo-ETrade Bank, a specialist in online investment, and Brørup Sparekasse, a Danish savings bank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia. Saxo Bank opened its Dubai office in 2009 and was the first Danish bank to establish its presence in the Gulf Corporation Council region.

PR contact:
Kasper Elbjorn
Head of Group Public Relations
Saxo Bank
40 Bank Street
Canary Wharf
E14 5DA
+45 3977 4300


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