Saxo Bank Surpasses DKK 500 Billion in Clients’ Assets

The Group reported the opening of 238,000 accounts during 2020.

Saxo Bank Group announced that it has surpassed DKK 500 billion ($80 billion) in clients’ assets. Additionally, the financial services provider mentioned that 238,000 clients opened an account with the company in 2020 with total deposits of over DKK 75 billion.

According to the official announcement, Saxo Bank has seen significant growth in recent years as clients’ assets jumped from DKK 100 billion to DKK 500 billion within the last 3 years amid growing demand from traders worldwide.

Founded in 1992, Saxo Bank Group took 25 years to reach the milestone of DKK 100 billion in clients’ assets but only 3 years to jump from DKK 100 billion to over DKK 500 billion. The broker said that focus on SaxoExperience accelerated the growth.

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Commenting on the recent announcement, Kim Fournais, CEO & Founder of Saxo Bank, said: “We would like to thank our increasing number of direct and institutional clients for their trust and confidence in Saxo Bank. We are proud and humbled to reach this important milestone, and we will continue to innovate and constantly improve the SaxoExperience, so our growing number of clients across the world can benefit from state of the art platforms and act in a timely, relevant and informed manner.”

Growing Numbers

In addition to the recent milestone achieved by the company, Saxo Bank saw a jump in January 2021 FX ADV numbers. Moreover, the broker reported strong demand for equities. Saxo Bank mentioned that it is investing heavily in platforms, products and services to facilitate clients.

“Saxo Bank grows with our clients and their satisfaction with our platforms and services is the driver of the healthy growth we have seen over the past years. We are investing heavily in our platforms, products, prices and services, and we expect this very positive development in both the number of clients and clients’ assets to increase even further in the years to come. I would also like to thank our more than 2,000 dedicated and hard-working Saxonians for their enormous efforts in reaching these milestones,” Fournais added.

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