Saxo Bank Launches Retail FX Trading Platform With Low Variable Spreads

By 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 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.

For more information:

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
and Australia.

    Media enquiries:
    Claus Nielsen
    Head of Markets
    Phone +4539774027

    Kasper Elbjorn
    Head of Group PR
    Phone +4539774300


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