Saxo Bank Launches Retail FX trading Platform ForexTrading.comBy Saxo Bank, PRNE
Sunday, June 5, 2011
LONDON, June 6, 2011 -
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 straightforward.
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.
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this hyperlink into your Internet browser's URL address field. Remove the
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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 (www.forextrading.com/) 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 (
www.forextrading.com/trading-terms/forex-spot-and-forwards) 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
PR contact: Kasper Elbjorn Head of Group Public Relations Saxo Bank 40 Bank Street Canary Wharf London E14 5DA +45-3977-4300
Tags: June 6, London, Saxo Bank, United Kingdom