Saxo Bank Launches Retail FX Trading Platform ForexTrading.com
Released on: June 07, 2011, 3:31 pm
Saxo Bank, the online trading and investment specialist, has
announced the launch of ForexTrading.com which will offer retail
investors a select range of FX crosses and CFDs with variable spreads -
as low as 0.8 pips. ForexTrading.com provides investors with a range of
basic functionalities designed to make trading flexible and
ForexTrading.com is powered by Saxo Bank, which is renowned for aggregating
liquidity from the world's leading FX dealers. ForexTrading.com 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, ForexTrading.com 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 ForexTrading.com and we see
ForexTrading.com 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 ForexTrading.com is $2,000
or equivalent and no interest will be paid on funds on deposit. ForexTrading.com
will only offer English support and service and ForexTrading.com only supports
retail trading accounts.
More information on Forextrading.com forex accounts can be
found on the ForexTrading.com 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.
Head of Group Public Relations
40 Bank Street
+45 3977 4300
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