Saxo Bank which only recently rebranded forextrading.com as its retail offering ($2,000 minimum as opposed to the usual $10,000 deposit minimum) is now adding more stock and commodity indices to the available offering. Saxo Bank just recently announced its exit from the US retail forex market and transferred all clients to CitiFX Pro, it’s American White Label. By beefing up the CFDs offering Saxo may offset the number of lost clients.
Saxo Bank, the online trading and investment specialist, today announced the addition of 12 CFD’s 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.
For more information: www.forextrading.com
About Saxo Bank
Saxo Bank is a leading online trading and investment specialist. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the 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.