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Saxo Bank

Saxo Bank Saxo Bank
License
Trading software SaxoTrader 2
Trading conditions Min. deposit: $2000
Leverage: 100:1
Commissions: 0
Free trial: Yes
Pip Spread on Majors: 2-3
Address Smakkedalen 2, 2820 Gentofte, Denmark. Phone number: +45 39 77 40 00

Saxo Bank was founded in 1992 by Co-CEOs Lars Seier Christensen and Kim Fournais. Saxo Bank was among the first financial institutions in the world to develop an Internet-based information and investment trading platform. From the outset, the Bank emphasised technology as a vital element for being competitive in the online trading industry. With a worldwide client base, Saxo Bank has been recognised for the excellence of its technology and the services it provides.

A fully licensed and regulated European bank, Saxo Bank has built a global base of individual retail clients, corporations and financial institutions from its headquarters in Denmark and numerous regional offices. Since receiving European bank status in June 2001, Saxo Bank has positioned itself as a leading player in online trading thanks to its superior client service, competitive pricing and its focus on developing industry-leading trading platforms.
What we do

Saxo Bank is a fully regulated specialist in investment and trading services catering to investors and institutional clients. Using SaxoTrader, SaxoWebTrader and SaxoMobileTrader, the award-winning, multi-asset online platforms, clients all over the world can trade FX, CFDs, Stocks, Fixed income, Futures, Commodity CFDs, ETFs, Options and other derivatives.

Saxo Bank has a proven track record and is a trusted partner to licensed financial institutions. Our white label partner programme combines the Bank's technology, resources and liquidity with our partners' local market knowledge, regional expertise and language skills. By using Saxo Bank's technology, large institutional banks and smaller brokers, can offer their clients the best trading platform without investing in developing their own IT solutions.
Clients and partners

RETAIL CLIENTS: Saxo Bank has brought professional trading to retail investors by providing them with direct access to global capital markets. Retail investors, like professional traders, have access to market news and analysis in the equity, futures and FX markets. For CFDs, Stocks, Futures and other financial asset classes, Saxo Bank delivers fast and reliable price feeds, including an online subscription tool that provides clients with access to live prices from more than 25 exchanges and news providers. Saxo Bank regularly organises local investment seminars to help clients and other investors understand topics such as online FX trading, how to trade a CFD, or how to use Saxo Bank’s trading platforms to achieve the best possible results from trading the financial markets.

INTRODUCING BROKERS: Saxo Bank is an experienced and reliable partner for more than 250 Introducing Brokers all over the world. Catering to money and portfolio managers, Saxo Bank provides a trusted brand and the perfect set-up for all those who trade on behalf of clients, as well as brokers with self-trading clients and, of course, those who offer both options.
Working with Saxo Bank opens the door to new business development opportunities. This can help the Introducing Brokers grow and accelerate the product range they offer, as well as increasing their client base and improving trading performance.

WHITE LABEL PARTNERSHIPS: One of the main advantages offered by Saxo Bank to regulated wholesale clients is a white label solution. It is built around a customised version of Saxo Bank’s trading platforms branded under the partner’s name. Saxo Bank offers the technology, the knowledge and the complete infrastructure to enable the Bank’s partners to enter or expand their range in the online trading market.
The solution is built around a customised version of the SaxoTrader platform and is presented under the partner’s own name. But it goes well beyond that. Saxo Bank’s Partner Programme combines the multi-asset platform with integrated front- and back-office infrastructure, real-time risk management, client-base development tools, as well as dedicated partner services and go-to-market strategies to help partners effectively enter, grow and optimise their business.
Saxo Asset Management

Saxo Bank offers professional portfolio management to wealthy individuals and institutions. Private Banking and Asset Management are areas of increasing significance for the bank. The acquisitions of Sirius Capital Management and Capital Four Management, and the 51% stake in Global Evolution, have secured a stronger Nordic presence in portfolio management. The asset management activities of the bank now include management expertise for fixed income, equities, corporate bonds and emerging market products.
Financial results

2008 was another record year in terms of income and profit for Saxo Bank. The results illustrated the viability of the bank's business model during a year characterised by high volatility and a very challenging economic environment.
In 2008, Saxo Bank’s profits soared by 28% to €63 million before tax compared to €49 million in 2007. Looking at data from the past five years, net profits increased by around 200 percent from €21.5 million in 2004, to €63 million in 2008.

Direct online Forex trading on live streaming prices with liquidity up to $10,000,000 through own multi-product trading system with direct access to Backoffice account and order processing, strategic advice and analysis from in-house analysts, realtime quotes, news, charts, FX Fund Management also: stocks, CFDs, futures, options and much more.

Actualization date4 May 2010
 

Latest forex broker news

15 July 2010 | Saxo Bank
SaxoTrader named Best Re-Labelling Platform by business magazine Profit & Loss
Saxo Bank’s online trading platform, SaxoTrader, has been awarded Profit & Loss' Best re-labelling platform for 2010...
13 July 2010 | Saxo Bank
Saxo Bank Japan launches Index-tracking and Commodity CFDs on its retail platform
Saxo Bank FX K.K., the Tokyo-based division of Saxo Bank Group, has today announced the availability of two new services, Index-tracking CFDs and Commodity CFDs...
5 July 2010 | Saxo Bank
Saxo Bank Quarterly Outlook Q3 2010: The Crisis is not contained
Saxo Bank, the trading and investment specialist, has launched its economic outlook for the third quarter in 2010...

Latest comments

31 July 2006 | profxtrader | Saxo Bank
REQUOTE MANIA!!! second worst after FXCM
2 August 2006 | Rudy | Saxo Bank
It' a good big broker.I like it.By the way it's a bank.
21 September 2006 | phil mickel | Saxo Bank
When I had my positions open over the weekend THEY INCREASED THE MARGIN TO 4%. I WAS WIPED OUT. BASTARDS! I’m changing brokers.
14 December 2006 | profxtrader | Saxo Bank
Oh yeah man, that 4% weekend margin is such a scam, one of the biggest scams on the forex market. Another that does something similar is Realtimeforex, they increase margin requirements to 2.5% at night!! So they can cover themselves for the rollovers. fuckers. Saxobank just gives good image and profits from being a bank but lets get real, their shit sucks besides the fact that they offer other products than forex... I left them already a few months ago.
15 January 2007 | Peter | Saxo Bank
Not a bank, just by name.. Try to send some funds and see if you can get interest. Not a chance. This is a bucketshop of worst kind, and a marketmaker against you. They will quote special prices against you. Which they also state in their EULA they have the right to do.



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