The UK unit of Denmark-headquartered Saxo Financial institution immediately (Wednesday) introduced the launch of SaxoInvestor, an funding platform focused at “buy-and-hold and energetic traders” within the nation.
SaxoInvestor Launches
In response to the official press launch, the brand new platform affords entry to greater than 70,000 devices, together with shares, ETFs, bonds, and mutual funds.
“With this new user-friendly platform, SaxoInvestor delivers top-tier insights and numerous funding themes, levelling the enjoying area for traders of all backgrounds,” mentioned Andrew Bresler, CEO of Saxo UK.
Saxo Financial institution additional highlighted that the variety of energetic traders has grown by 38 % within the final 12 months, and feminine traders have elevated by 20 %. The variety of younger traders on the platform additionally elevated considerably, with a 46 % improve amongst these aged 21-30 and a 24 % improve within the 31-40 age group.
The brokerage operator defined that the launch of the brand new UK-specific platform adopted the popularity of the rising development of buy-and-hold traders within the nation, significantly these holding shares and shares ISAs.
Reducing Down Buyers’ Prices
To compete, the SaxoInvestor platform is providing low commissions and 0.25 % FX charges. It’s going to additionally enable prolonged market entry hours.
“Since introducing our pricing cuts in January and Mutual Funds final yr, we have targeted on attracting investor shoppers,” Bresler added. “The launch of SaxoInvestor within the UK marks a major milestone. With its simplified, user-friendly interface, the platform makes it straightforward for anybody to entry monetary markets and take management of their monetary future.”
In the meantime, Saxo Financial institution confirmed the closure of its workplaces in Hong Kong and Shanghai, citing adjustments within the enterprise setting. Nevertheless, the group will proceed to function within the Asia-Pacific area from its Singapore base. The restructuring adopted Saxo’s assessment of strategic alternatives for its operations in Australia, Japan, and Hong Kong.
This text was written by Arnab Shome at www.financemagnates.com.
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