New account for entry-level traders

saxo-capital-markets/investments/risk-management/managed-accounts/

7 February 2018
| By Staff |
image
image image
expand image

Online multi-asset trading and investment specialist, Saxo Capital Markets, has launched the ‘Saxo Essential’ account, a price competitive solution for entry-level traders.

The Saxo Essential account would offer Australian investors full access to stocks and bonds as well as a group of global FX pairs, including AUD/USD, EUR/USD, USD/JPY and CFD index trackers.

The new account would incorporate additional risk management functionality and account reporting features, and both FX and CFD Index trackers would have a competitive price and low minimum funding.

Saxo Capital Markets Australia chief executive, Ben Smoker, said the account would suit investors who prefer a lower exposure to leverage.

“With our new account, losses on OTC leveraged products will not be able to exceed cash deposits. We’ve also imposed margin restrictions around certain exposure,” he said.

“These measures of responsible trading, we believe, are in the best interest of this client segment and will work to a great advantage for new entrants to the market.”

Saxo Essential, which launched in the UAE, Singapore and the U.K earlier this year, would be available to Australian investors from this week. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5