Brokers’ Update – Saxo Bank Adopting Arabic, eToro Offers Unleveraged FX
- The Danish multi-asset broker would like the Middle East to switch to its proprietary SaxoTraderGO platform.
In our latest daily digest of news from across the global retail trading industry, we see that one broker is expanding its international reach while another is offering a less risky type of trading.
The social network eToro notified its clients today that from Sunday, (August 16), it will enable trading on all currency pairs available at eToro with 1:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term (or in other words no leverage at all). This will enable eToro users to invest in currencies using only their funds, with no added risk factor due to leverage.
Current eToro minimum is 2:1 leverage
Saxo Bank has launched a dedicated Arabic website as part of its latest drive to encourage traders across the Middle East to switch to its proprietary SaxoTraderGO platform - a multi-asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term the brokerage uses to rival MT4. The new Arabic website enables Saxo Bank's clients in the region to review product and platform offerings, trading conditions, and training materials such as videos and PDF guides.
"Launching our new website will add value to our services in the Middle East by providing our multi-asset platform in Arabic and giving the opportunity to our investors to explore the possibilities and opportunities from a single account connecting more than 30,000 products in 40+ exchanges," said Fadi Mehdi, Head of Saxo Bank's office in Abu Dhabi.
"We are at the tipping point of a digital wealth management revolution that will find most retail and private banks unprepared. Platforms such as SaxoTraderGO are levelling the playing field between retail and institutional investors, and can provide the transparency and real time access to their finances across different devices that Arabic investors are looking for."
In our latest daily digest of news from across the global retail trading industry, we see that one broker is expanding its international reach while another is offering a less risky type of trading.
The social network eToro notified its clients today that from Sunday, (August 16), it will enable trading on all currency pairs available at eToro with 1:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term (or in other words no leverage at all). This will enable eToro users to invest in currencies using only their funds, with no added risk factor due to leverage.
Current eToro minimum is 2:1 leverage
Saxo Bank has launched a dedicated Arabic website as part of its latest drive to encourage traders across the Middle East to switch to its proprietary SaxoTraderGO platform - a multi-asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term the brokerage uses to rival MT4. The new Arabic website enables Saxo Bank's clients in the region to review product and platform offerings, trading conditions, and training materials such as videos and PDF guides.
"Launching our new website will add value to our services in the Middle East by providing our multi-asset platform in Arabic and giving the opportunity to our investors to explore the possibilities and opportunities from a single account connecting more than 30,000 products in 40+ exchanges," said Fadi Mehdi, Head of Saxo Bank's office in Abu Dhabi.
"We are at the tipping point of a digital wealth management revolution that will find most retail and private banks unprepared. Platforms such as SaxoTraderGO are levelling the playing field between retail and institutional investors, and can provide the transparency and real time access to their finances across different devices that Arabic investors are looking for."