14 Jun 2024 23:29

Advertising & Marketing

Saxo Bank launches new highly competitive pricing structure in the MENA region

To support multi-asset trading and grow market share, Saxo Bank A/S (Saxo) introduces new aggressive pricing structure in the MENA region. In key products, new clients can save up to 50 percent compared to competitors as well as benefiting from Saxo’s unique multi-asset trading range and service.

Saxo, the leading fintech specialist focused on multi-asset trading and investing, today announces that it has launched a highly competitive pricing structure across the MENA market. The new structure will place Saxo as one of the most competitive brokers in the market across a range of products.

Saxo provides one of the deepest and most comprehensive multi-asset trading platforms available and delivers unparalleled access to global capital markets. Through its connectivity to more than 100 global product and liquidity providers, Saxo offers access to over 35,000 financial instruments across asset classes, including ETFs, Stocks, Bonds, CFDs, Forex, Futures and Options that are cross margined from a single account.

The new pricing scheme in combination with the products, platform and service is an extremely competitive proposition and is aligned across all asset classes benefitting each of Saxo’s three client segments – Classic, Platinum and VIP. For example, going forward, any client actively trading equities will also benefit sharper pricing on all other instruments.

Clients can trade US stocks from USD 9.90 and European Stocks from EUR 10 per trade – less than half of what competitors typically charge. Saxo’s FX pricing is also highly competitive with clients able to trade EURUSD with all-inclusive spreads from 0.6 pips and GBPUSD from 0.7 pips – around 40 percent less than what competitors typically charge. As clients trade more actively these prices become even more attractive.

Commenting on the new pricing, Steve Weller, CEO Saxo Bank MENA Region said:

“We are at a defining period for the investment and trading industry and we are thrilled to be able to offer the most competitive pricing, product and platform package among banks and brokers in the MENA region. The industry continues to face price compression and we are determined to be ahead of the curve.”

“Our pricing is very competitive, but our core strengths such as depth of product offering, quality of platforms and service level are equally essential for our clients. With our new pricing structure and recently launched upgraded platforms, our full package for clients has never been more competitive. “

“Multi-asset trading is our core competence. For the long-term risk and return profile of our clients, it is important that we offer best in class access to the different asset classes. This will be reinforced further with our new improved price offering.”

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