Saxo Bank adds non-trading account for partners

Saxo Bank adds non-trading account for partners

saxo building 2

Saxo Bank, a leading Danish investment services provider, bank and retail forex broker, and its institutional division Saxo Markets, announced it has added the option to set up a non-trading account for its partners.

The view-only accounts are available as a standalone account section in the broker’s proprietary trading platform TraderGO. It provides users with access only to the account part of the platform, but will not be able to place orders. The new option is geared for accountants of power of attorney clients and they would be able to see reports and utilize other items from the account section.

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The section can be accessed through the partner login pages. “Currently, the /account Login page is unbranded. By mid-June this page will pick up the same branding as the main GO login page, with the exception of the Live/Sim switch. The Live/Sim switch will not be available, because the /account Login page is not available for simulation”, Saxo Markets added in its statement.

Saxo Bank, founded in Copenhagen in 1992, is a brokerage firm and a market maker. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). It offers trading in more than 30,000 instruments, including forex, binary options, CFDs, stocks, futures, and bonds through its proprietary online trading platforms SaxoTrader and SaxoTraderGO.

In March the brokerage reported that in 2016 it had a net profit of of DKK 302.4 million in 2016 from a net loss of DKK 644.6 million a year earlier. The group’s operating income stood at DKK 2.9 billion in 2016, posting a significant growth of 37.8% over the year.

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