saxo bank
Saxo Bank Fined Nearly $50 Million in Denmark, Its Largest Penalty in Recent Years
- The fine relates to the broker's handling of white-label clients, where partner institutions use its platform to serve their own customers.
- Saxo Bank was also recently fined HK$4 million for offering crypto meant for professional investors to retail clients.
Monday, 26/01/2026 | 15:11 GMT by
Jared Kirui
Totality (Formerly Saxo Australia) Names New CEO After a Year of Ownership Change
- Saxo sold 80.1 per cent of its Australian business last February to South Africa’s DMA.
- He replaced Adam Smith, who headed the Australian broker for the past seven years, and has now departed the business.
Friday, 23/01/2026 | 04:41 GMT by
Arnab Shome
After 32 Years, Saxo’s Second Employee Marks Final Day as Director for Nordic VIPs
- Thomas Dam served as Senior Manager and later Director, overseeing Nordic VIPs and ultra-wealth clients at the firm.
- In December last year, Saxo Bank reported serving 1.5 million clients.
Thursday, 22/01/2026 | 15:56 GMT by
Tareq Sikder
Retail Investors in Singapore Gain US$10 Access to US Stocks through Trust Bank and Saxo
- Since November last year, 10K Trust App users joined; 45% have made fractional trades.
- Saxo has launched standalone margin accounts, letting Singapore traders separate leveraged positions.
Tuesday, 20/01/2026 | 13:22 GMT by
Tareq Sikder
Saxo and Etihad Deal to Bring Professional Portfolios to Retail Investors in UAE, GCC
- Model Manager rollout set for early this year, including thematic, fixed-income and multi-asset strategies.
- Saxo Bank serves 1.5 million clients, with assets of DKK 800 billion.
Tuesday, 13/01/2026 | 13:15 GMT by
Tareq Sikder
Saxo Hong Kong Offered Wrong Crypto Products to Retail Clients, Fined a Year after Closure
- The broker has been fined HK$4 million (about US$514,000) for offering retail customers 32 crypto products intended for professional customers.
- It also allegedly did not assess the trading knowledge of dozens of customers.
Tuesday, 06/01/2026 | 10:36 GMT by
Arnab Shome
Saxo Bank Adds Margin Accounts in Singapore After June Fractional Shares Launch
- The company now lets Singapore clients segregate leveraged positions as it tightens focus on the city-state market.
- In 2024, the company decided to close its offices in Hong Kong and Shanghai and focus on the Lion City.
Tuesday, 09/12/2025 | 08:20 GMT by
Damian Chmiel
Saxo Bank Hits 1.5 Million Clients Following DKK 800 Billion Assets Last Year
- 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.
Tuesday, 02/12/2025 | 10:44 GMT by
Tareq Sikder
Saxo Bank Japan Broadens European Stock Offering, Including UBS and Ferrari
- The firm already offers more than 10,000 stocks from the United States, Germany, France, China, and Hong Kong.
- It aims to support investors seeking diversification into key European industries, such as consumer goods.
Friday, 31/10/2025 | 18:01 GMT by
Jared Kirui
Why Retail Traders Trust the Wall Street More Than Their Own Stock Markets: Saxo Survey
- Retail traders favor international equities over domestic stocks, with North America and Asia-Pacific drawing the most interest.
- The survey of nearly 2,000 Saxo’s clients reveals age and gender splits in market outlook, with AI adoption reaching the majority of respondents.
Wednesday, 08/10/2025 | 07:58 GMT by
Damian Chmiel
Danish Trading Giant Saxo Joins Forces With The UK Platform Rivals
- The retail brokerage becomes the latest member of the year-old Platforms Association as the fintech sector seeks a unified regulatory voice.
- The move comes as Saxo reports a 132% jump in new global clients amid pricing overhaul.
Thursday, 04/09/2025 | 08:01 GMT by
Damian Chmiel
Saxo Capital Markets UK Profits Fall 32% Despite Client Growth Surge
- Income slumped 32% to £7.6 million in 2024 as the online trading platform cut commission fees to attract customers.
- The company gained 3,600 new trading clients but saw revenues drop £3.5 million due to the pricing strategy and lower market volatility.
Thursday, 24/07/2025 | 06:38 GMT by
Damian Chmiel
Crypto.com Poaches Second CFD Industry Veteran in Just Two Months
- Nicolò Pagliari has become the Global VP of Growth and Media of the popular crypto exchange.
- The seven-year Saxo Bank executive joins a growing migration from traditional brokers to digital asset and prop platforms.
Monday, 14/07/2025 | 08:45 GMT by
Damian Chmiel
From IPOs to Buyouts: Why Are Retail FX Brokers Changing Hands?
- eToro, Saxo Bank, OANDA, and now iForex and AvaTrade—Paul Golden dissects the lucrative deals behind the retail broker buyouts. What makes these companies so attractive?
- He also highlighted how rising margin debt on US brokerage accounts has increased risk for traders and discussed China’s strategy to attract investor interest.
Wednesday, 25/06/2025 | 10:36 GMT by
Paul Golden
Saxo Bank Launches Fractional Shares Trading in Singapore
- Customers of the broker in the city-state can trade fractional units on over 1,000 instruments across multiple asset classes.
- Several other brokers have also introduced similar fractional share trading services.
Tuesday, 10/06/2025 | 07:14 GMT by
Arnab Shome
Saxo Unveils Fee-Free Flexible ISA as Demand Skyrockets 600%
- The company has launched a new Flexible ISA after experiencing a six-fold surge in demand for its stocks and shares ISA in early 2025.
- The product allows investors to withdraw and replace funds without affecting their £20,000 annual tax-free allowance.
Wednesday, 16/04/2025 | 09:23 GMT by
Damian Chmiel
Saxo Bank Anticipates Negative Impact on 2025 Revenue Following Restructuring
- The trading platform has reduced the number of countries from which it onboarded clients.
- It has also closed its offices in Shanghai and Hong Kong and sold most of its Australian business.
Wednesday, 05/03/2025 | 07:35 GMT by
Arnab Shome
Saxo Bank Client Base Jumps 132% After Fee Cut, Women Lead Surge
- The number of female clients tripled, and the participation from younger investors under 25 visibly increased.
- As the broker claims, it's all due to the pricing strategy change introduced a year ago.
Monday, 24/02/2025 | 10:06 GMT by
Damian Chmiel
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