The milestone was achieved despite geopolitical uncertainties.
Saxo Bank, the
provider of online trading platforms, wealth management, and investing
solutions, has reached a record-breaking milestone with more than one million
clients on its platform. The news comes as the institution also reveals that
its client assets globally have reached a new all-time high.
Saxo Bank's Milestone
Reflects Global Trends
The
achievement of supporting over a million clients mirrors the increasing global
trend of individuals seeking greater control over their investments. More
people are turning to digital platforms. This is a trend reflected by Saxo Bank's
continued growth. And, the recent announcement of the client's assets exceeding $100
billion emphasizes this trend. It took 25 years for Saxo Bank to amass $20 billion, but only five years to quintuple this substantial amount.
These
milestones underline the bank's robust growth, as it has consistently acquired
more clients and assets in the past few years. Amid a challenging
macroeconomic environment, the financial institution has fortified its position as a leading
technology services provider.
Kim Fournais, the Founder and CEO at Saxo Bank
"I
would like to extend a big thank you to all our passionate and committed
employees who work tirelessly behind our award-winning platforms," Kim
Fournais, the Founder and CEO at Saxo Bank, commented. "Likewise, we are
humbled by the immense trust that our 1 million clients and partners around the
world have placed in us – thank you to all of you."
Fournais
expressed his satisfaction with the positive trend of increased participation
in financial markets via digital platforms like Saxo. Despite geopolitical
uncertainties and high inflation levels, he noted the growing number of people
putting their wealth to work.
"I
founded Saxo Bank back in 1992 with the aim to make global capital markets
accessible for more people. Now, as more people globally seek ways to make
their money work harder for them, we are ready to support them," Fournais
added.
Saxo Bank Expands Its
Market Influence
Saxo Bank's
recent achievements have resulted in a BBB rating with a positive outlook from
S&P Global Ratings. The institution's influence is set to grow as it awaits
its appointment as a Systemically Important Financial Institution (SIFI) by the
Danish Financial Supervisory Authority (FSA).
In
addition, Saxo Bank witnessed a jump of 27% in May's volumes, with monthly turnover
reaching $130.5 billion and a daily average attaining $5.7 billion. Although the forex
volume has suffered months in a steady decline, trading activities across Saxo
Bank's other asset classes shot up in May. The trading activity saw a
remarkable increase across various segments. Commodities experienced a surge of 19%, reaching a volume of $40.7 billion. Meanwhile, equities soared 31% to
a substantial $228.2 billion, and fixed income experienced a reasonable rise of 12%, settling
at $7.6 billion.
Earlier
this year, the brokerage published its 2022 annual report. The report
highlighted a reduction of 6% in net profit, reaching DKK 711 million. This is down from
DKK 755 million seen in the previous year. Additionally, Saxo Bank's client assets
underwent a decrease of 9%, settling at DKK 584 billion. This downturn can be
attributed to negative trends in the global equity markets throughout 2022.
Saxo Bank, the
provider of online trading platforms, wealth management, and investing
solutions, has reached a record-breaking milestone with more than one million
clients on its platform. The news comes as the institution also reveals that
its client assets globally have reached a new all-time high.
Saxo Bank's Milestone
Reflects Global Trends
The
achievement of supporting over a million clients mirrors the increasing global
trend of individuals seeking greater control over their investments. More
people are turning to digital platforms. This is a trend reflected by Saxo Bank's
continued growth. And, the recent announcement of the client's assets exceeding $100
billion emphasizes this trend. It took 25 years for Saxo Bank to amass $20 billion, but only five years to quintuple this substantial amount.
These
milestones underline the bank's robust growth, as it has consistently acquired
more clients and assets in the past few years. Amid a challenging
macroeconomic environment, the financial institution has fortified its position as a leading
technology services provider.
Kim Fournais, the Founder and CEO at Saxo Bank
"I
would like to extend a big thank you to all our passionate and committed
employees who work tirelessly behind our award-winning platforms," Kim
Fournais, the Founder and CEO at Saxo Bank, commented. "Likewise, we are
humbled by the immense trust that our 1 million clients and partners around the
world have placed in us – thank you to all of you."
Fournais
expressed his satisfaction with the positive trend of increased participation
in financial markets via digital platforms like Saxo. Despite geopolitical
uncertainties and high inflation levels, he noted the growing number of people
putting their wealth to work.
"I
founded Saxo Bank back in 1992 with the aim to make global capital markets
accessible for more people. Now, as more people globally seek ways to make
their money work harder for them, we are ready to support them," Fournais
added.
Saxo Bank Expands Its
Market Influence
Saxo Bank's
recent achievements have resulted in a BBB rating with a positive outlook from
S&P Global Ratings. The institution's influence is set to grow as it awaits
its appointment as a Systemically Important Financial Institution (SIFI) by the
Danish Financial Supervisory Authority (FSA).
In
addition, Saxo Bank witnessed a jump of 27% in May's volumes, with monthly turnover
reaching $130.5 billion and a daily average attaining $5.7 billion. Although the forex
volume has suffered months in a steady decline, trading activities across Saxo
Bank's other asset classes shot up in May. The trading activity saw a
remarkable increase across various segments. Commodities experienced a surge of 19%, reaching a volume of $40.7 billion. Meanwhile, equities soared 31% to
a substantial $228.2 billion, and fixed income experienced a reasonable rise of 12%, settling
at $7.6 billion.
Earlier
this year, the brokerage published its 2022 annual report. The report
highlighted a reduction of 6% in net profit, reaching DKK 711 million. This is down from
DKK 755 million seen in the previous year. Additionally, Saxo Bank's client assets
underwent a decrease of 9%, settling at DKK 584 billion. This downturn can be
attributed to negative trends in the global equity markets throughout 2022.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
