[June 09, 2011] Saxo Bank Introduces New Online Retail FX Trading Platform Tweet Jun 09, 2011 (Close-Up Media via COMTEX) -- Saxo Bank, an online trading and investment specialist, announced the launch of ForexTrading.com. The Company said the website will offer retail investors a select range of FX crosses and CFDs with variable spreads - as low as 0.8 pips. Claus Nielsen, Head of Markets at Saxo Bank, said, "Saxo Bank will continue to cater for high-net-worth and institutional traders who increasingly demand usability, mobility, performance, and service when executing online trades and orders. At the same time, ForexTrading.com will appeal to Forex and CFD traders who are price sensitive and do not require a personal service, but still want the ability to utilise an award-winning online trading platform. "We believe the retail foreign exchange market will maintain its growth trajectory for the next 10 to 15 years and we want to cater for high-net-worth investors as well as high-frequency traders to who tight spreads and deep liquidity are essential. There is no additional commission on ForexTrading.com and we see ForexTrading.com as bringing new competition to the smaller competitors, outside the tier-one banks, in the market focused on foreign exchange." According to a release, 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 will only offer English support and service and ForexTrading.com only supports retail trading accounts. More Information: www.forextrading.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]