Saxo Bank expands investment opportunities for UK clients
Saxo Bank expands investment opportunities for UK clients
Saxo Bank has announced the launch of SaxoInvestor, a new platform aimed at serving the growing community of buy-and-hold and active investors in the United Kingdom. As part of its UK-focused expansion, SaxoInvestor seeks to meet the increasing demand for diversified investment options, particularly among those holding stocks and shares ISAs. The platform offers a wide range of instruments and competitive pricing, making it an excellent choice for investors seeking better returns in the current climate of high inflation.
SaxoInvestor allows UK investors to manage a variety of financial products from a single platform, as reported by PrivateBankerInternational. Users can invest in stocks, ETFs, bonds, and mutual funds, consolidating their portfolios for easier management. Saxo Bank, known for providing access to more than 70,000 instruments globally, has seen substantial growth in its investor base over the past year, with a reported 38% increase in active investors, reflecting the rising popularity of its services among retail investors.
The launch of SaxoInvestor comes at a time when buy-and-hold investing is gaining traction in the UK, with more individuals opting to invest in long-term assets. Saxo UK is keen to capitalize on this trend, offering a platform tailored to both novice and experienced investors who are looking to grow their wealth steadily over time.
One of the standout features of the SaxoInvestor platform is its user-friendly interface, simplifying the investment process for all investors, regardless of experience level. The platform offers low commissions and a foreign exchange fee of just 0.25%, allowing investors to trade efficiently and cost-effectively. In addition, the platform supports extended trading hours, providing greater flexibility for those looking to time their trades on global markets.
The multicurrency account is another advantage for SaxoInvestor users, enabling seamless management of multiple currencies without the hassle of converting funds between accounts. Investors can also earn interest on their idle funds, adding an extra layer of value to their portfolios. SaxoInvestor integrates expert insights and carefully curated investment themes to help guide investment decisions, offering an educational component to support users in developing their strategies.
With SaxoInvestor, UK investors can also maximize their tax-efficient savings by holding these investments within stocks and shares ISAs. This feature allows users to grow their portfolios while benefiting from tax advantages, making the platform particularly attractive for long-term wealth accumulation.
Read also: Saxo Bank closes its Hong Kong office amid changing business environment
