Total income reached EUR 335M, compared to EUR 311M a year earlier.
Trading activity jumped 28%, fuelled by early 2025 market volatility.
The Saxo Bank Group reported a net profit of EUR 73 million
for the first half of 2025, an increase of 18% compared to EUR 62 million in
the same period last year. Adjusted net profit stood at EUR 69 million, broadly
in line with the EUR 68 million recorded in H1 2024.
Revenue and Asset Growth
Kim Fournais, CEO and Founder of Saxo Bank, Source: LinkedIn
“The investment culture worldwide is thriving, and I am
pleased that so many new investors are choosing to start and continue their
investment journey with Saxo,” Kim Fournais, CEO and Founder of Saxo Bank, said.
Total income rose to EUR 335 million, up from EUR 311
million in the first half of 2024. The bank said client assets reached EUR 118
billion, the highest level in its history, compared to EUR 109 billion a year
earlier.
Expansion of Client Base
The number of clients grew to 1.39 million, a 13% increase
from 1.23 million in the first half of last year. Saxo noted that this
expansion in the client base helped push total assets to the new record.
Trading activity was also higher. The number of trades
executed on Saxo’s platforms rose 28% year-on-year, driven by strong activity
in the first four months of 2025. Activity levels returned to more normal
conditions during the second quarter.
Source: Saxo Bank
Impact of Market Conditions
The bank said this was partly linked to higher volatility in
global financial markets, which has been influenced by geopolitical tensions
since the start of the year.
Saxo’s capital ratio improved slightly, reaching 28.3%
compared to 27.5% a year earlier.
Saxo Responds to Market Volatility with ISA
Meanwhile, Saxo
has launched a Flexible ISA product in the UK following a significant
increase in demand for its stocks and shares ISA during January and February
compared to the same period last year.
The Flexible ISA allows investors to contribute up to the
standard £20,000 annual allowance and withdraw and replace funds without
affecting this limit. Trades start at $1 for US stocks and £3 for UK stocks,
with foreign exchange fees from 0.25%, and the product has no platform fee.
The launch comes amid elevated market volatility, with the
Cboe Volatility Index reaching its highest level since early 2020.
The Saxo Bank Group reported a net profit of EUR 73 million
for the first half of 2025, an increase of 18% compared to EUR 62 million in
the same period last year. Adjusted net profit stood at EUR 69 million, broadly
in line with the EUR 68 million recorded in H1 2024.
Revenue and Asset Growth
Kim Fournais, CEO and Founder of Saxo Bank, Source: LinkedIn
“The investment culture worldwide is thriving, and I am
pleased that so many new investors are choosing to start and continue their
investment journey with Saxo,” Kim Fournais, CEO and Founder of Saxo Bank, said.
Total income rose to EUR 335 million, up from EUR 311
million in the first half of 2024. The bank said client assets reached EUR 118
billion, the highest level in its history, compared to EUR 109 billion a year
earlier.
Expansion of Client Base
The number of clients grew to 1.39 million, a 13% increase
from 1.23 million in the first half of last year. Saxo noted that this
expansion in the client base helped push total assets to the new record.
Trading activity was also higher. The number of trades
executed on Saxo’s platforms rose 28% year-on-year, driven by strong activity
in the first four months of 2025. Activity levels returned to more normal
conditions during the second quarter.
Source: Saxo Bank
Impact of Market Conditions
The bank said this was partly linked to higher volatility in
global financial markets, which has been influenced by geopolitical tensions
since the start of the year.
Saxo’s capital ratio improved slightly, reaching 28.3%
compared to 27.5% a year earlier.
Saxo Responds to Market Volatility with ISA
Meanwhile, Saxo
has launched a Flexible ISA product in the UK following a significant
increase in demand for its stocks and shares ISA during January and February
compared to the same period last year.
The Flexible ISA allows investors to contribute up to the
standard £20,000 annual allowance and withdraw and replace funds without
affecting this limit. Trades start at $1 for US stocks and £3 for UK stocks,
with foreign exchange fees from 0.25%, and the product has no platform fee.
The launch comes amid elevated market volatility, with the
Cboe Volatility Index reaching its highest level since early 2020.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
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
