Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its results for the first half of 2018, indicating an overall slowdown in business. On the top line, in what the company said was a period with low market volatility and the introduction of a new competitive pricing structure, Revenue for the Group reached…
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Which leading Retail FX brokers saw Revenues and Profits decline in the second half of 2017? What does FXCM's logo rebrand look like? Which Retail FX trading tool did Autochartist buy? Why was iForex fined €138,000 by CySEC? What made the infamous Swiss Franc spike of January 15, 2015 even worse? Which FX industry executive…
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Copenhagen based multi asset brokerage group Saxo Bank A/S has released its financial results for 2017, showing moderate growth and improved profitability over 2016, but also revealing that the company's business slowed considerably in the second half of the year. For the full year 2017, Revenues at Saxo Bank came in at DKK 3.03 billion…
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Some of our most popular, shared and commented-on posts this week in Forex Industry News at LeapRate included: CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates. Cyprus financial regulator CySEC has issued an information circular, providing what it calls “additional guidance” to CIF licensed brokers on the types of bonus…
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Copenhagen based multi asset brokerage Saxo Bank has issued its financial results for 2016, indicating a return to profitability and healthy overall growth in the business. Comparing Saxo Bank's results to 2015 should be taken with a grain of salt, however. The firm's 2015 results were hurt on both the top and bottom lines quite…
Read moreCopenhagen-based Multi Asset broker Saxo Bank has reported a net profit of DKK 158 million (about USD $24 million) for the first six months of 2016. Client collateral deposits continued to rise at Saxo Bank, up by DKK 6 billion compared to H1 2015, to reach a record high of DKK 82 billion. Revenues at Saxo Bank…
Read moreThe reverberations continue from last January's surprise SNB move to remove the EURCHF floor leading to a 20% surprise spike in the value of the Swiss Franc against most major currencies. Leading retail forex broker Saxo Bank has issued its 2015 Annual Report and released its 2015 results, which saw the bank report a 29% drop in…
Read moreSaxo Bank has today announced that it has more than doubled its year-on-year net profit in 2014, with earnings reaching DKK 381 million for the year ending 31 December 2014. Client collateral deposits held with Saxo Bank increased by DKK 17.6 billion year-on-year, reaching a record high of DKK 68.2 billion. The collateral deposits continued to climb…
Read moreYear over year volume performance is down a bit as well. In March 2013, average daily volume stood at $15.1bn, total volume was $317bn Monthly volume figures at leading and LeapRate approved Danish brokerage Saxo Bank have been released for the month of March and the number is out at $239bn. That’s a decline of…
Read moreA meager 5% gain, but recovery in retail volumes looks steady, bringing us closer to the mean Saxo Bank has reported its November volume metrics this afternoon and the numbers keep gradually picking up from the slump observed at the end of summer. Monthly volumes were registered at $251 billion which is a rise of…
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