Financial and Business News

Saxo Bank Hits 1.5 Million Clients Following DKK 800 Billion Assets Last Year

Tuesday, 02/12/2025 | 10:44 GMT by Tareq Sikder
  • In 2024, Saxo Bank’s profit rose 287% from the year before.
  • The firm expands operations in France and the UK, launching PartnerConnect and attracting younger, female investors.
saxo bank

Saxo Bank, a provider of online trading, investing, and wealth management solutions, has announced it now serves 1.5 million clients. The increase reflects the ongoing trend of individual investors taking a more active role in managing their portfolios.

In May last year, Saxo Bank said its client assets reached DKK 800 billion ($116.1 billion), a record for the Danish broker, which had more than 1.2 million clients at the time. Founder and CEO Kim Fournais attributed the growth to lower prices, a broad product range, and the ability for clients to diversify portfolios.

AI Integration Supports Saxo Bank Growth

Fournais also expressed gratitude for the work of the bank’s employees and the “trust of its clients and partners.”

He added that the bank is exploring ways to improve its platforms, including integrating artificial intelligence to enhance the personalised trading and investing experience. “Our goal is to make it easier for clients to invest in multiple assets and diversify their portfolios,” he said.

The client increase follows a period of strong financial performance. In March, Saxo Bank reported a net profit of DKK 1,005 million for 2024, up from DKK 260 million in 2023, an increase of 287%. The growth reflects both the rising number of clients and higher assets under management.

Saxo Bank Expands Professional Services Across France, UK

Beyond its core retail business, Saxo Bank has continued to expand its professional and international offerings. In France, the bank launched PartnerConnect, a digital wealth management platform designed for independent asset managers and financial advisers, providing a single system for portfolio management, digital onboarding, automated back-end processes, and client reporting.

The platform also allows end-clients to be onboarded fully online and gives access to over 70,000 cash and margin products through a licensed Danish bank subsidiary acting as broker and custodian.

In the UK, Saxo joined the Platforms Association, an industry group representing investment platform providers across Britain and Europe, which was established in September 2024 to give platforms a collective voice on regulatory and policy matters.

The company has expanded its UK operations as younger investors and women account for a larger share of new clients, with under-25s representing 15% of new registrations and female clients rising to 18%. These initiatives reflect Saxo Bank’s broader strategy of combining technology-driven solutions with targeted regional growth.

Saxo Bank, a provider of online trading, investing, and wealth management solutions, has announced it now serves 1.5 million clients. The increase reflects the ongoing trend of individual investors taking a more active role in managing their portfolios.

In May last year, Saxo Bank said its client assets reached DKK 800 billion ($116.1 billion), a record for the Danish broker, which had more than 1.2 million clients at the time. Founder and CEO Kim Fournais attributed the growth to lower prices, a broad product range, and the ability for clients to diversify portfolios.

AI Integration Supports Saxo Bank Growth

Fournais also expressed gratitude for the work of the bank’s employees and the “trust of its clients and partners.”

He added that the bank is exploring ways to improve its platforms, including integrating artificial intelligence to enhance the personalised trading and investing experience. “Our goal is to make it easier for clients to invest in multiple assets and diversify their portfolios,” he said.

The client increase follows a period of strong financial performance. In March, Saxo Bank reported a net profit of DKK 1,005 million for 2024, up from DKK 260 million in 2023, an increase of 287%. The growth reflects both the rising number of clients and higher assets under management.

Saxo Bank Expands Professional Services Across France, UK

Beyond its core retail business, Saxo Bank has continued to expand its professional and international offerings. In France, the bank launched PartnerConnect, a digital wealth management platform designed for independent asset managers and financial advisers, providing a single system for portfolio management, digital onboarding, automated back-end processes, and client reporting.

The platform also allows end-clients to be onboarded fully online and gives access to over 70,000 cash and margin products through a licensed Danish bank subsidiary acting as broker and custodian.

In the UK, Saxo joined the Platforms Association, an industry group representing investment platform providers across Britain and Europe, which was established in September 2024 to give platforms a collective voice on regulatory and policy matters.

The company has expanded its UK operations as younger investors and women account for a larger share of new clients, with under-25s representing 15% of new registrations and female clients rising to 18%. These initiatives reflect Saxo Bank’s broader strategy of combining technology-driven solutions with targeted regional growth.

Topics
retail
Saxo
saxo bank
retail FX
About the Author: Tareq Sikder
Tareq Sikder
  • 2014 Articles
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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