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Retail FX

Breaking: Saxo Bank’s 2023 Profit Dips 8.1% despite Revenue Rise

  • The broker closed the year with an operating income of DKK 4.48 billion.
  • It ended the year with 1.15 million traders.
Friday, 01/03/2024 | 07:26 GMT by Arnab Shome
Retail FX

Saxo Bank's January 2024 Forex Volume Dips to 5-Month Low

  • However, the overall client activity hits a new high with $375.5 billion.
  • Equity trading at Saxo surges to $219.78 billion, a significant increase from December.
Monday, 05/02/2024 | 08:54 GMT by Damian Chmiel
Executive Moves

Saxo Bank Strengthens Leadership: Names New Chief Risk and Compliance Officer

  • John Carmichael has been promoted to the top compliance role after spending 16 years at Saxo.
  • The company also promoted three other employees.
Wednesday, 24/01/2024 | 09:38 GMT by Arnab Shome
Retail FX

Saxo Partners with FairXchange for Liquidity Management with Data Analytics

  • FairXchange equips Saxo Bank with Horizon for enhanced liquidity management.
  • Since 1998, Saxo Bank has been offering professional tools and global market access to investors.
Tuesday, 16/01/2024 | 09:33 GMT by Tareq Sikder
Retail FX

Saxo Reveals Fee Cuts to Foster Accessibility in US and Australian Markets

  • The firm slashes brokerage fees, with a reduction of 87% for US markets and 62% for the ASX.
  • Global market traders will benefit from a two-thirds reduction in currency conversion fees.
Monday, 15/01/2024 | 09:49 GMT by Tareq Sikder
Retail FX

FX Volume on Saxo Pushes December’s Overall Figure Higher

  • Forex trading demand jumped 13.6 percent last month.
  • Demand for other asset classes offered by Saxo declined.
Thursday, 04/01/2024 | 07:25 GMT by Arnab Shome
Retail FX

FX Trading on Saxo Gains Momentum in November

  • It reported an overall monthly trading volume of $362.9 billion.
  • Equities demand significantly declined to $198.4 billion.
Tuesday, 05/12/2023 | 09:36 GMT by Arnab Shome
Retail FX

Forex Volumes for Saxo Bank Highest since May 2023

  • The FX trading volume on the platform came in at $112.5 billion.
  • It was the highest reading in the last five months.
Sunday, 05/11/2023 | 13:35 GMT by Damian Chmiel
Retail FX

FCA Issues Warning against Saxo Bank Impersonators

  • Clone firms imitate authorized entities to deceive people.
  • According to the regulator, there is an alarming surge in clone scammers.
Wednesday, 01/11/2023 | 13:44 GMT by Jared Kirui
Retail FX

Trading Volume on Saxo Dips in September, FX Follows Trend

  • The FX trading volume on the platform came in at $106.1 billion.
  • Despite the overall drop, the average daily volume improved.
Tuesday, 24/10/2023 | 08:07 GMT by Arnab Shome
Retail FX

Saxo Bank UK's Profit Dips despite Record Client Numbers

  • In 2022, Saxo Bank UK achieved a trading profit of £24.74 million.
  • Despite a decline in volumes, the broker currently has a record-large customer base.
Tuesday, 10/10/2023 | 07:58 GMT by Damian Chmiel
Institutional FX

AUSIEX Taps Saxo Australia for Market Access to Financial Advisors

  • Financial advisors on AUSIEX can now directly trade equities.
  • It supports more than 475,000 investors and over 4,500 advisers.
Thursday, 28/09/2023 | 09:34 GMT by Arnab Shome
FinTech

Enhancing Open Banking Payments for Investments: Mastercard and Saxo Bank Partner

  • Simplified investment transactions enhance customer experience.
  • New fund surges 20% via open banking in Denmark.
Wednesday, 20/09/2023 | 10:04 GMT by Tareq Sikder
Institutional FX

Saxo Bank’s H1 2023 Profit Soars 34% despite Low Trading Activity

  • The bank's operating profit for the period jumped to DKK 520 million.
  • Saxo bank's divestment negatively impacted its net profit.
Thursday, 14/09/2023 | 13:46 GMT by Jared Kirui
Retail FX

Summer Lull Hits Saxo: FX Volume in August Remains Flat

  • Saxo handled $112.3 billion in FX trading last month.
  • Demand for equities trading jumped 33 percent.
Wednesday, 06/09/2023 | 06:56 GMT by Arnab Shome
Executives

Saxo Bank Appoints Head of Go-to-Market for MENA, UK, and Switzerland

  • Tara Tyan became Saxo's new Head of the Go-to-Market division.
  • She has been intermittently associated with Saxo Bank since 2015.
Wednesday, 30/08/2023 | 13:47 GMT by Damian Chmiel
Retail FX

FX Trading Demand on Saxo Bank Slips in July

  • The monthly trading volume in July with FX was $112.9 billion.
  • Overall trading volume dipped last month.
Friday, 04/08/2023 | 07:37 GMT by Arnab Shome
CryptoCurrency

Denmark’s FSA Orders Saxo Bank to Dump Crypto Holdings

  • The watchdog said the law does not permit Saxo Bank's engagement in crypto trading.
  • In other news, Saxo Bank saw a decline of 8% in its FX trading volume in June.
Wednesday, 05/07/2023 | 12:57 GMT by Solomon Oladipupo
Retail FX

Saxo Bank Sells Stake in RegTech Firm to Majority Owner Geely Group

  • The sale will decrease Geely Holding Group's ownership claim to 49.88%.
  • Saxo recently attained over $100 billion in client assets and more than 1M in customers.
Thursday, 29/06/2023 | 13:20 GMT by Solomon Oladipupo
Retail FX

Saxo Becomes a ‘Systematically Important’ Danish Bank

  • It is the ninth such Danish institution to gain the status.
  • It comes with stringent capital requirements.
Monday, 26/06/2023 | 09:22 GMT by Arnab Shome
Retail FX

One Million and Counting: Saxo Bank’s Client Base Hits Record High

  • Saxo Bank surpassed the one million clients mark.
  • The milestone was achieved despite geopolitical uncertainties.
Thursday, 15/06/2023 | 10:32 GMT by Damian Chmiel
Retail FX

Saxo Bank’s FX Volume Springs 27% to $130.5B in May

  • However, the new volume stands below March's figure of $155.5 billion.
  • Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT by Solomon Oladipupo
Retail FX

Saxo Bank's Client Assets Surpass $100b, Quintuple in 5 Years

  • Saxo Bank needed 25 years to amass $20 billion in client assets.
  • The company increased the number fivefold in just five years.
Friday, 26/05/2023 | 12:49 GMT by Damian Chmiel
Retail FX

Saxo Bank’s FX Volume Down to Lowest since Dec 2021

  • The brokerage's FX volume declined 34% to $102.8 billion in April.
  • Additionally, institutional spot FX volumes declined across major regions last month.
Wednesday, 03/05/2023 | 15:51 GMT by Solomon Oladipupo
Retail FX

Saxo Bank Records Best Month since March 2020

  • The firm beats a three-month drop in FX volume and sees $155 billion in March 2023.
  • Lower trading activities bit 6% into Saxo Bank's profit in 2022.
Wednesday, 05/04/2023 | 14:23 GMT by Solomon Oladipupo
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