BinckBank launches investment platform based on Saxo Bank tech in Spain

Maria Nikolova

This marks the first major joint commercial project for the companies following the acquisition of BinckBank by Saxo Bank.

BinckBank is about to significantly expand its services in Spain via the launch of a special investment platform designed to serve European expats living or staying in the country. The new platform is based on Saxo Bank’s technology and is the first major joint commercial project following the acquisition of BinckBank by Saxo Bank.

Until now, BinckBank served mainly the more than 100,000 Dutch-speaking expats in Spain. The new platform offers a state-of-the-art trading environment developed by Saxo Bank for investors, but also support English, Dutch and no fewer than 26 other languages. Under the BinckBank brand, customers will gain access to Saxo’s multi-asset trading platform. Thus, they get access to a wider selection of global markets, and can trade in a variety of products across asset classes.

Vincent Germyns, CEO of BinckBank, commented:

“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 very solid and strong European footprint, which can be an extra plus for British expats in view of a possible Brexit.”

Let’s recall that, in December 2018, Saxo Bank announced that it intended to acquire BinckBank and to form a larger and stronger organization. Following the approval of regulators and strong shareholder acceptance, the acquisition was formally completed on August 7, 2019.

Read this next

Retail FX

Financial Commission adds FX broker Bold Prime to membership roster

The Financial Commission today announced that it has added Bold Prime to its member roster, which is made up of online brokerages operating in FX, derivatives and cryptocurrency markets.

Digital Assets

Despite crypto winter, Cake DeFi paid out $58 million in Q2 rewards

According to its latest ‘Transparency Report,’ Cake DeFi continued its growth trajectory in the three months through June 2022, even as the entire crypto industry experienced macro challenges this quarter.

Retail FX

SimpleFX Review: Cryptos, Spreads, Pros & Cons

SimpleFX combines years of Forex and cryptocurrency experience with a focus on offering resources to retail traders. 

Retail FX

Ironbeam becomes CME clearing member and launches MT5

“The direct clearing aspect along with our low-latency proprietary trading tools and technology solutions make Ironbeam the ideal trading destination.”

Institutional FX

Top 0.07%: oneZero makes it to Inc. 5000 of fastest growing companies in America

oneZero started out by serving the foreign exchange trading community, developing and executing technology that could scale with the growth of the FX market.

Industry News

CFTC wins case against broker for secretly taking other side of client orders in block trades

“As we said at the outset of this case, the illegal use of inside or confidential information undermines confidence in markets and will not be tolerated.”


BankiFi raises $4.8m to bring embedded banking platform to North America

“Our mission is to make all aspects of cash management and payments easier for SMBs everywhere, and this investment is another huge step to making that a reality.”

Executive Moves

Shieldpay hires ex-Payoneer Chris Andrews as Head of Sales

“We’ll be expanding our position in existing markets and accelerating growth into new verticals, whilst building on our direct and indirect channels.”

Digital Assets secures preliminary approval to operate in Canada, one of the longest-established crypto platforms, has become the first digital asset platform to sign a Pre-‘Registration Undertaking’ with the Ontario Securities Commission (OSC) in Canada.