Saxo Bank Launches Retail FX Trading Platform ForexTrading.com With Low Variable SpreadsBy Saxo Bank, PRNE
Sunday, June 5, 2011
HELLERUP, Denmark, June 6, 2011 -
Saxo Bank, the online trading and investment specialist, today 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.
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.
For more information: www.forextrading.com
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, specialist in online
investment, and Brorup Sparekasse, a Danish savings bank. The Saxo Bank Group
is headquartered in Copenhagen with offices throughout Europe, Asia, Middle
East and Australia.
Media enquiries: Claus Nielsen Head of Markets Phone +4539774027 Kasper Elbjorn Head of Group PR Phone +4539774300 Press@saxobank.com
Tags: denmark, Hellerup, June 6, Saxo Bank