Saxo Bank opens Cyprus office

Saxo Bank, which like many other leading global FX firms has been seeing slow-to-no growth in trading volumes, has continued its international expansion by opening a new office in Limassol, Cyprus. For the full press release click here.

The Cyprus office represents not just continued expansion, but also a decision by Saxo Bank to aggressively go after MT4 business, using Cyprus as a base. Earlier this year, Saxo Bank announced new offices in Johannesburg, South Africa and Sydney, Australia. 

For more on the global Forex industry see the LeapRate Dow Jones Forex Industry Report.

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