TD Waterhouse inks deal with Saxo Bank to offer CFDs and Forex


This is another successful White Label deal for Saxo Bank in the UK after announcing similar deal with Barclays for its equities offering. This is an extremely interesting deal as TD Ameritrade not long ago bought thinkorswim – a platform that offers both forex and options – and it’s odd to see a company in the TD group choosing external platform over its own. Perhaps Saxo Bank’s platform is that better and perhaps it’s more fit for CFDs and forex.

TD Waterhouse, one of UK’s largest brokers, has enhanced its Contracts for Difference (CFD) and Financial Spread Betting (FSB) services to cater to the different and specific needs of these sophisticated traders. TD customers can now take control of their trading through two distinct accounts – TD Derivatives Trading for CFD trades, which will also include Forex and Futures, and TD Financial Spread Trading specifically for FSB trades.

TD Derivatives Trading (provided by Saxo Bank):

The TD Derivatives Trading account, provided by Saxo Bank, the online trading and investment specialist, combines all the elements required by an experienced derivatives trader. Not only can customers trade CFDs – with commissions for CFD equity trades starting from 0.15% (minimum £15) on all markets – they can also take advantage of one of the leading Forex Trading offerings available, with access to more than 160 Forex currency pairs. The account also includes Futures, enabling customers to trade over 450 instruments on live market prices from over 15 exchanges around the world.

TD Derivatives Trading customers can also create their perfect trading environment using two, free customisable platforms that can be adapted to their exact specifications. Both platforms include free UK Level 2 prices3 and Direct Market Access (DMA) on FTSE 100 equity CFDs along with advanced charting and professional analytical tools with streaming prices and news.

The TD Derivatives Web Trader platform is available online while TD Derivatives Professional, which offers additional technical indicators in its charting tools, is available as a downloadable platform that can be configured to desktops4 so customers can enjoy a faster and more flexible performance because it not accessed through a web browser.

TD Financial Spread Trading (provided by London Capital Group):

The TD Financial Spread Trading account, provided by LCG, one of the UK’s leading financial services companies, now ensures our financial spread traders can benefit from their own dedicated, streamlined service with tighter, competitively priced spreads starting from 1 point on FTSE 100 trades.

In addition to their own dedicated account, TD Financial Spread Trading customers will soon be able to trade on the go with the impending launch of a free iPhone app5, which will allow customers to monitor their portfolio and place trades from the palm of their hand, no matter where they are.

Darren Hepworth, Trading and Customer Services Director comments: “We always strive to ensure our customers have access to the best products and services. With the launch of the TD Derivatives Trading and TD Financial Spread Trading accounts, our customers can take control of their trading needs with two great services and create their perfect trading environment.

“Retail derivatives services are more suited to experienced traders. With this in mind, we request customers undergo status and appropriateness tests on a TD Derivatives Trading or TD Financial Spread Trading account. It is very important to remember that retail derivatives trades are subject to higher risks and not suitable for everybody. For this reason TD has also developed free demos of the TD Derivatives Trading and TD Financial Spread Trading accounts to help educate customers of the risks involved and to allow them to familiarise themselves with the services available.”

Saxo Bank had this to say:

Darren Hepworth, Trading and Customer Services Director at TD Waterhouse comments: “We always strive to ensure our customers have access to the best products and services. With the launch of TD Derivatives Trading, our customers can take control of their trading needs and create their perfect trading environment.”

Albert Maasland, CEO of Saxo Bank London comments: “We are thrilled to be working with the preeminent execution only broker, TD Waterhouse. Their decision to adopt Saxo Bank’s technology and service are testament to the effectiveness of our offering in the retail market place. We strive to develop a collaborative business model, and the launch of this service reinforces the strength of our Institutional solutions.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report for Q1 2011.


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1 Comments on this post


  1. TPJ said:

    Wish I had shares in Saxo Bank. It seems like they are running with all the BIG names in the WLP-space. I agree with a lot people that it’s probably not the best Forex platform, but if you add the multi product strategy, their service thru the value chain, global coverage, the ability for almost any partner to grow limitless with the platform and Saxo’s other offering – you are probably ending up with best offer. Do they actually have any real competitors?.

    May 18th, 2011 at 8:43 am

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