Saxo Capital Markets Secures New Licenses From The SFC

Saxo Upper-case letter Markets HK Limited is a subsidiary of Saxo Bank. In securing Type 4 and Case 9 licenses in the special administrative part, the factor can leave counsel on securities and introduce plus direction services. Understand on for the modish details.

New SFC Licenses

In obtaining the latest licenses, the Denmark-headquartered broker pot expand its footprint in the wealth and plus management space. The brokerage can utilise its current fintech services to provide tailored asset management solutions with competitive fees. This follows the introduction of SaxoInvestor – a exploiter-friendly online platform that facilitates investments in securities and reciprocatory funds.

Lester Chan, Head of Riches Management at Saxo, commented: "Investors in Hong Kong now are very much digital-savvy. They are looking for an easy-to-use platform that can provide seamster-made solutions based on their financial situations, and tush handle their needs through one single account with top-level professional assistance."

Recent History

The company entered the region in 2011 and has since been operating with Type 1, 2 and 13 licenses from the Securities and Futures Commission. The latest regulatory accord is a reassuring sign-language that the broker has secure itself arsenic a reputable financial services provider in the area.

Saxo Markets Hong Kong CEO, Richard Douglas, added: "The licenses pass us greater room to now provide more comprehensive services to clients, whether they want to trade spheric capital markets or invest into their future. It's especially meaningful for the Hong Kong office, A Hong Kong is a tonality growth market for Saxo and the gateway connected to mainland Red China."

About Saxo

Saxo offers trading on to a higher degree 40,000 equities and forex assets. Clients can arrive started with a minimum deposit of £500 and can utilise the broker's powerful desktop and mobile trading weapons platform. To boot to its SFC license, entities under the company umbrella ingest teamed ascending with quadruplicate regulators, including the &ish FSA and the UK FCA.

Saxo offers four go account options, ranging from Classic to Panjandrum. In return for greater deposits, traders welfare from extensive word and enquiry materials, tighter spreads and more active client support.

The latest regulatory developments at the Hong-Kong based entity will be welcomed by aspiring investors in the region. Clients will soon be able to access more personalised asset management services underpinned by a easy digital chopine.