Saxo Bank, an online trading and investment specialist, has launched a new pricing structure which reduces the FX trading costs by up to 50 per cent and provides the opportunity to trade stocks for as low as $6 dollars per trade.

The revised pricing structure is aimed at servicing the demands of the company’s growing number of highly active traders and ensuring transparency of pricing. Effective immediately, EUR/USD FX trades will be as low as 0.2 pips. FX clients will also be able to choose their own price plan which best suits their trading needs, and lowers the overall cost per trade.  

Meanwhile, equities traders who execute 100 trades or more per calendar month on Stocks, ETFs and Single Stock CFDs will qualify for an Active Pricing Plan which provides access to competitive rates. Traders can choose from 19,000 global stocks on 36 world exchanges in the US, Europe and Asia.  With Saxo Bank’s award-winning, multi-asset platform, clients can trade any of 30,000 instruments across FX, CFDs, Futures, Options and Stocks.

Fadi Mehdi, head of Saxo Bank A/S - Abu Dhabi Representative Office, said: “It has been a period of great change in the trading industry and we are seeing these changes play out online in the growth of online traders as a whole, but also in their changing needs.  Many of our traders are high volume or highly active and our new pricing structure means that Saxo Bank’s clients who trade the most are able to get access to the best pricing available alongside full transparency.”

“The Saxo experience has been at the core of our business for over 20 years and it is this commitment to the provision of superior platforms, performance and products that has led us to  develop our the new pricing structure.

“Not only are we empowering our clients by making it possible for them to choose their own unique choice of price plan, but new functionality allows clients to make informed decisions with full transparency on historic and live spreads,” Mehdi added. – TradeArabia News Service