[June 10, 2011] Saxo Bank Intros ForexTrading.com Tweet Jun 10, 2011 (Close-Up Media via COMTEX) -- Saxo Bank, an online trading and investment specialist, has announced the launch of ForexTrading.com, which will offer retail investors a select range of FX crosses and CFDs with variable spreads - as low as 0.8 pips. Saxo Bank reported that ForexTrading.com provides investors with a range of basic functionalities designed to make trading straightforward. ForexTrading.com is powered by Saxo Bank, which is known for aggregating liquidity from FX dealers. The Company said that ForexTrading.com gives traders the ability to trade in the world's most liquid currency pairs and global commodity CFDs at very competitive spreads. 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 utilize 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. Saxo Bank is an online trading and investment specialist. The three specialized and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. More Information: www.forextrading.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]