Saxo Bank’s UK operation, Saxo UK, has announced the launch of SaxoInvestor, a new investing platform in the UK that provides access to more than 70,000 global instruments, offering a diverse portfolio all in one place.
SaxoInvestor claims to charge low commissions, 0.25% FX fees, while offering expert insights, and tax-efficient savings for cost-effective and long-term growth.
As part of the launch, Saxo offers $0 commissions on 100 top U.S. stocks across all platforms, from October 1st to December 31st, in anticipation of the U.S. election.
Saxo reports 38% rise in active investors YoY
According to its own metrics, Saxo has experienced significant growth with a 38% increase in active investors over the last 12 months as the community of buy-and-hold and active investors in the UK continues to grow. During this period, the platform has seen a 20% rise in female investors and a 46% rise in younger investors aged 21-30, while the 31-40 age group rose by 24%.
SaxoInvestor offers access to a wide range of stocks, ETFs, bonds and mutual funds totalling over 70,000 instruments globally.
The new investing platform is built similarly to SaxoTraderGO and SaxoTraderPRO, but offers a simplified interface designed to meet the needs of the typical investor.
The firm says that all Saxo Direct clients will continue to enjoy the same pricing, features such as the screener tool or the ability to create watchlists, and access the in-depth analysis they are familiar with—just within a more streamlined, user-friendly design.
“Empowering investors to take control of their financial futures”
Andrew Bresler, CEO at Saxo UK, said: “Saxo prides itself on empowering investors to take control of their financial futures and unlock new wealth-creation opportunities. With this new user-friendly platform, SaxoInvestor delivers top-tier insights and diverse investment themes, levelling the playing field for investors of all backgrounds.
“Since introducing our pricing cuts in January and Mutual Funds last year, we’ve been focused on attracting investor clients. The launch of SaxoInvestor in the UK marks a significant milestone. With its simplified, user-friendly interface, the platform makes it easy for anyone to access financial markets and take control of their financial future. We’re excited about this journey as we continue to deliver solutions that empower clients to make smarter financial decisions.”
Saxo UK is the UK FCA-authorized subsidiary of Saxo Bank. Operating in London since 2006, Saxo UK offers access to multi-asset trading and investment.
