We provide global broker Saxo Bank's Essential Q3 trades with an intro from Kim Fournais, the co-founder and CEO of Saxo Bank. He held various positions in the financial services sector, before establishing Saxo Bank with Lars Seier Christensen in 1992 under the name Midas. Fournais headed Midas alone until 1995, when Seier Christensen joined as…
Read moreMany forex brokers have raised minimum margin requirements allowing less leverage in client trading leading up to the Brexit vote. So did Saxo Bank. Now, few weeks later after Saxo Bank, as of 14:00 BST on 6 July 2016, reinstates default margin rates, given that market conditions have stabilised after the uncertainty posed by the UK's referendum…
Read moreLeading retail forex broker Saxo Bank has issued its June FX volumes results, which made its highest peak of $261 billion since early 2015. Saxo Bank’s daily average is seen to be $11.9 billion this month – just a bit higher than last month’s $11.6 billion. Compared to last year’s results for the same period, the…
Read moreAfter a brief recovery last week which ended with Boris Johnson's withdrawal from the race to replace David Cameron as British Prime Minister, the British Pound continued downward on Tuesday setting post-Brexit lows in the 1.31 range (as at time of writing the GBPUSD Cable trade was at 1.3170). What is going on? Saxo Bank’s Head…
Read moreDenmark-based retail forex broker Saxo Bank has put out a statement about trading conditions in the current post-Brexit vote environment. LeapRate readers will recall that Saxo Bank was one of the first Forex brokers to limit trading leverage given to clients by raising margin requirements for most open and new trading positions, which seem to…
Read moreFurther to our coverage of brokers in the retail forex sector requiring their clients to either ante up more margin or reduce leverage in their accounts ahead of next week's Brexit vote in the UK, Saxo Bank has posted specifics of new margin requirements for clients through to June 23 - and possibly beyond, depending…
Read moreThe UK referendum can be traded, but according to Saxo Bank's John Hardy spot forex is not the place to do so.
Read morePayments services provider SafeCharge International Group Ltd (LON:SCH) SafeCharge has announced that it has sold its minority stake in German based financial services technologies company FinTech Group AG (FRA:FLA). The sale of the stake, which was originally acquired by SafeCharge in June 2015 for a cost approximately €10 million and represented 5% of FinTech's equity, will result in…
Read moreAs our news ticker continues to beep throughout the day it seems as though every few minutes there's an 'Exclusive' report about some broker or other raising its margin requirements for clients ahead of next Thursday's Brexit vote. One of the first such reports we made on topic, for one of the first brokers to…
Read moreContinuing a major changeover in senior management worldwide, Denmark-based retail forex broker Saxo Bank has announced that Thomas Jegu (pictured at left) will replace Pierre-Antoine Dusoulier as head of Saxo Bank’s office in France. Dusoulier had been CEO of Saxo Banque France since 2008, and Head of Western Europe for Saxo Bank since 2011. New France…
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