Following the acquisition of BinckBank by Saxo Bank, the two companies have announced their first major commercial initiative this Friday – the launch of an investment platform for the Spanish expat market.
The new platform, which will see BinckBank substantially expand its services in Spain, is based on Saxo Bank’s technology. The platform offers a trading environment developed by the Danish broker for investors and will give traders access to multi-asset trading, through the BinckBank brand.
Commenting on the new investment platform, Kim Fournais, the CEO and founder of Saxo Bank said: “I am proud that we can already now give BinckBank’s clients access to the wide range of investment opportunities, tools and service on the Saxo Bank platform.”
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“It is important to us to bring benefits to clients quickly as we work to integrate BinckBank and Saxo Bank. The partnership in Spain is an important first step in our journey together and we will work relentlessly to offer clients a market leading client experience and clients can look forward to getting even better products, platforms, services and prices in the future.”
Alternative platform for British expats post-Brexit
The platform is aimed at the more than 2.5 million European expats staying or living within Spain. The platform will support English, Dutch, and at least 26 other languages, and allow expats to access a wider selection of global markets and trade products across the asset classes.
“With this new multilingual platform our branch in Spain can reach a much broader group of (potential) investors, including a large number of English-speaking expats. And as well amongst our Dutch customers and facilitate access to a wider selection of global markets, and trade a variety of products”, added Vincent Germyns, the CEO of BinckBank.
“Moreover the new combined entity has a very solid and strong European footprint, which can be an extra plus for British expats in view of a possible Brexit.”