One Million and Counting: Saxo Financial institution’s Shopper Base Hits Report Excessive

Saxo Bank Reaches 1 Million Customers,” a New All-Time High

For the first time ever, online trading platform, wealth management, and investment option provider Saxo Bank has more than 1 million clients. With over $100 billion in client assets, the Danish investment bank has gained its clients’ trust and increased its involvement in international financial markets.

That success is a major reason why S&P Global Ratings has given the financial institution a BBB grade and designated it a Systemically Important Financial Institution (SIFI).

Kim Fournais, founder and CEO of Saxo Bank, said, “I want to extend a big thanks to all our passionate and dedicated staff who work tirelessly behind our award-winning platforms.” In a similar vein, we’re incredibly grateful to our one million consumers and partners around the world for putting their faith in us. The rise in interest in the financial markets seen on digital platforms like Saxo has pleased Fournais.

With a net profit of DKK 711 million and total client assets of DKK 584 billion as of June 2021, Saxo Bank recorded a 27% increase in net earnings in May. The bank saw an uptick in consumer demand even as the global equities markets fell.

The trading activities across Saxo Bank’s other asset classes also exploded in May, with commodities witnessing a spike of 19%, reaching a volume of $40.7 billion, stocks jumping 31% to a remarkable $228.2 billion, and fixed income enjoying a respectable growth of 12%, settling at $7.6 billion.

These milestones illustrate Saxo Bank’s strong development, as it has regularly acquired more clients and assets in the preceding few years amid a challenging macroeconomic environment. The bank’s expansion has made it the industry’s preeminent provider of technological services, a position it has further strengthened with time.