Saxo Capital Markets launches new highly competitive pricing structure
To support multi-asset trading and grow market share, Saxo introduces a new aggressive pricing structure. In key products, new clients can save up to 50 percent compared to competitors as well as benefit from Saxo’s unique multi-asset trading range and service.
Saxo Capital Markets Pte. Ltd., subsidiary of Saxo Bank A/S, the leading fintech specialist focused on multi-asset trading and investing, today announces that it has launched a highly competitive pricing structure for new clients. The new structure will place Saxo firmly as the most competitive broker in the market for a range of products.
Saxo provides one of the deepest and most comprehensive multi-asset trading platforms available and delivers unparalleled access to global capital markets. Through its connectivity to more than 100 global product and liquidity providers, Saxo offers access to over 35,000 financial instruments across asset classes, including ETFs, Stocks, Bonds, CFDs, Forex, Futures and Options that are cross margined from a single account.
In combination with the products, platform and service, the new pricing scheme completes a very competitive proposition. The new pricing is aligned across the three client segments (Classic, Platinum, VIP) and asset classes, meaning that clients actively trading, for example equities, will not only benefit from sharper equity pricing but also from sharper pricing on all other asset classes.
Clients can trade Singaporean stocks from SGD 15 and US stocks from USD 3.99 - less than half of what competitors typically charge. The pricing on FX is also highly competitive. Clients can trade EUR/USD with all-inclusive spreads from 0.6 pips and EURJPY from 0.9 pips which is around 40 percent less than what competitors typically charge. This pricing is entry level, and more active clients get even sharper prices.
Commenting on the new pricing, Adam Reynolds, CEO Saxo Capital Markets Pte. Ltd. Singapore said:
“We are at a defining moment for the online investment and trading industry and we are thrilled to be able to offer the most competitive package among Singaporean banks and brokers in a range of products. The industry faces general price compression and we want to be ahead of that curve.”
"Our pricing is very competitive, but our core strengths such as depth of product offering, quality of platforms and service level are important for clients as well. With our new pricing structure and recently-launched upgraded platforms, our full package for clients has never been more competitive. It is crucial for the long-term risk and return profile for clients that portfolios span different asset classes. As multi-asset trading is our core competence, we want to support that even further with a better integrated price offering."
Saxo Bank Group (Saxo) is a leading multi-asset trading and investment specialist, offering a complete set of trading and investment technologies, tools and strategies.
For almost 25 years, Saxo’s mission has been to enable individuals and institutions by facilitating their access to professional trading and investing through technology and expertise.
Saxo enables its private clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology.
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and headquartered in Copenhagen, Saxo employs more than 1500 people in financial centres around the world including London, Singapore, Paris, Zurich, Dubai and Tokyo.