Released on: July 01, 2011, 3:35 pm
Author: Saxo Bank
Industry:
Financial
Saxo Bank, the online trading and investment specialist, has announced the addition of 12 CFDs on major stock indices and 7 commodity CFDs to its ForexTrading.com platform for private traders.
ForexTrading.com was launched by Saxo Bank in early June 2011 and provides traders with browser based and downloadable trading platforms, supporting a range of the world's most liquid forex, and CFD instruments at competitive spreads.
Claus Nielsen, head of markets at Saxo Bank, said: "The addition of stock index CFDs and seven further commodity CFDs to ForexTrading.com now enables private investors to trade in the most liquid contracts across a range of asset classes. The majority of clients use ForexTrading.com as a no thrills account to trade currencies, however we want to make sure that they have the opportunity to leverage the opportunities they see in other asset classes."
"We expect dedicated index and commodity traders to enjoy the tight spreads for the CFD indices. The indices are priced competitively with the UK 100 and Germany 30 indices spread going as low as 1 point and the US SPX500 as tight as 0.75 points."
The minimum initial deposit when opening an account with ForexTrading.com is $2,000 or equivalent, and no interest will be paid on funds on deposit. ForexTrading.com supports retail trading accounts and offers support and service in English.
About Saxo Bank:
Saxo Bank is a leading online trading and investment specialist. The Bank enables clients to trade Forex, CFDs Stocks, Equities, Futures, Options and other derivatives via three specialised and integrated trading platforms; the browser based SaxoWebTrader the downloadable SaxoTrader and the SaxoMobileTrader, a mobile phone trading platform.
SaxoMobileTrader application is available in over 20 languages. Saxo Asset Management accommodates high net worth private clients and institutional investors. In 2011 Saxo Bank continued the diversification of its business and launched Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia.
SaxoMobileTrader application are available in over 20 languages. Saxo Asset
Management accommodates high net worth private clients and institutional investors.
In 2011 Saxo Bank continued the diversification of its business and launched Saxo
Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices
throughout Europe, Asia, Middle East and Australia.
Contact Details: PR contact:
Kasper Elbjorn
Head of Group Public Relations
Saxo Bank
40 Bank Street
Canary Wharf
London
E14 5DA
+45 3977 4300
www.saxobank.com