Saxo Bank Launches Expats Investment Platform
The Danish Banking Institution Saxo Bank recently acquired BinckBank. Since their acquisition, nothing on BinckBank was announced by Saxo. Luckily, today that all changes with the announcement of their first significant initiative in the commercial market. This initiative is to launch a new investment platform for clients in the Spanish Expat Market. This new Expats Investment Service will enable to Saxo Bank to take their BinckBank Services and expand them drastically across Spain.
Additionally, this new investment product is built around the technology created by Saxo Bank. This means Spanish clients will soon be provided with one of the highest-rated trading environments in Europe. Except multi-asset trading, low odds and low trading fees.
The Chief Executive Officer for Saxo Bank, Kim Fournais, spoke about the upcoming service. She stated: “I am proud that we can already now give BinckBank’s clients access to the wide range of investment opportunities, tools and service on the Saxo Bank platform. We need to bring benefits to clients quickly as we work to integrate BinckBank and Saxo Bank. The partnership in Spain is an important first step in our journey together. We will work relentlessly to offer clients a market-leading experience. They can look forward to getting even better products, platforms, services and prices in the future.”
The Broader Picture
This Expat Investment Platform looks to provide trading services to 2.5 Million Spanish individuals. Saxo Bank plans to expand this service Europe-wide as indicated by the 28 languages offered in the service. Expats globally will now have access to worldwide markets and trade in new finance classes. This would revolutionize the Spanish and global trading markets.
The BinckBank Chief Executive Officer, Vincent Germyns, also commented on the upcoming platform. He said: “With this new multilingual platform our branch in Spain can reach a much broader group of potential investors, including a large number of English-speaking expats. And as well amongst our Dutch customers and facilitate access to a wider selection of global markets and trade a variety of products. Moreover, the new combined entity has a substantial and strong European footprint, which can be an extra plus for British expats because of a possible Brexit.”