Saxo targets new traders with ForexTrading.com
Saxo Bank is launching ForexTrading.com this week, a retail foreign exchange platform with a slimline offering of 25 major foreign exchange crosses and 13 commodities contracts for difference with variable spreads.
The Danish bank plans to attract more flow from high-frequency traders and retail clients in emerging markets by offering a low initial deposit of $2,000 and variable spreads on the new platform.
"We want to cater for more self-driven clients, such as high-frequency traders, who are
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