UAE - Saxo Bank has introduced a new aggressive pricing structure in the Mena region to support multi-asset trading and grow market share.

In key products, new clients can save up to 50 per cent compared to competitors as well as benefiting from Saxo's multi-asset trading range and service.

The new structure will place Saxo as one of the most competitive brokers in the market across a range of products.

Saxo provides one of the deepest and most comprehensive multi-asset trading platforms available and delivers unparalleled access to global capital markets. Through its connectivity to more than 100 global product and liquidity providers, Saxo offers access to over 35,000 financial instruments across asset classes, including ETFs, stocks, bonds, CFDs, forex, futures and options that are cross margined from a single account.

The new pricing scheme in combination with the products, platform and service is an extremely competitive proposition and is aligned across all asset classes benefitting each of Saxo's three client segments - Classic, Platinum and VIP. For example, going forward, any client actively trading equities will also benefit sharper pricing on all other instruments.

Clients can trade US stocks from $9.90 and European stocks from ?10 per trade - less than half of what competitors typically charge. Saxo's forex pricing is also highly competitive with clients able to trade euro-dollar with all-inclusive spreads from 0.6 pips and pound-dollar from 0.7 pips - around 40 per cent less than what competitors typically charge. As clients trade more actively these prices become even more attractive.

Steve Weller, chief executive officer of Saxo Bank MENA region, said: "We are at a defining period for the investment and trading industry and we are thrilled to be able to offer the most competitive pricing, product and platform package among banks and brokers in the Mena region. The industry continues to face price compression and we are determined to be ahead of the curve."

"Our pricing is very competitive, but our core strengths such as depth of product offering, quality of platforms and service level are equally essential for our clients. With our new pricing structure and recently launched upgraded platforms, our full package for clients has never been more competitive," he added.

 

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