The Saxo Bank Group exceeds DKK 500 billion in clients’ assets
238,000 clients opened an account during 2020, depositing more than DKK 75 billion (EUR 10 billion) and made a trade on Saxo Bank’s platforms.
Clients’ assets have passed a record-breaking milestone of DKK 500 billion (USD 80 billion) – an important milestone in Saxo’s history and testament to the high levels of trust from our growing client base.
This is yet another record-breaking milestone in the 28 years since Saxo Bank was founded. It took 25 years to reach the DKK 100 billion milestone. Then another 3 years to exceed the DKK 500 billion.
Saxo Bank has seen a healthy growth in clients’ assets for many years, but the positive trend has accelerated exponentially following a dedicated focus on constantly improving the SaxoExperience to ensure that our clients benefit from the best platforms, products, and services. Other key factors include the further expansion into the investor segment which have further fueled the organic growth in new clients along with the successful integration of BinckBank.
This has boosted the number of clients trusting Saxo Bank as their preferred platform to fulfill their financial aspirations amid increased volatility in global financial markets.
Kim Fournais, CEO & founder, comments:
“We would like to thank our increasing number of direct and institutional clients for their trust and confidence in Saxo Bank. We are proud and humble to reach this important milestone and we will continue to innovate and constantly improve the SaxoExperience - so our growing number of clients across the world can benefit from state of the art platforms and act in a timely, relevant, and informed manner.
Saxo Bank grows with our clients and their satisfaction with our platforms and services is the driver of the healthy growth we have seen over the past years. We are investing heavily in our platforms, products, prices, and services - and we expect this very positive development in both number of clients and clients’ assets to increase even further in the years to come.
I would also like to thank our more than 2,000 dedicated and hard-working Saxonians for their enormous efforts in reaching these milestones. We all work for our clients and will do our very best every day to continue to earn their trust, meet their needs, empower them to fulfill their financial aspirations and make an impact - and help them navigate the markets especially as we go through periods of high volatility.”
Saxo Bank connects people to investment opportunities in global capital markets. As a provider of multi-asset trading and investment, Saxo Bank strives to empower people with a user-friendly, seamless and personalised platform experience that gives them exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 40,000 instruments in over 20 languages from one single margin account. The Saxo Bank Group also powers more than 120 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 45 billion Euros and the company has more than 2,000 financial and technology professionals in financial centers around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.