Saxo Bank announces new account functionality on SaxoTraderGO
New tools allow traders to analyse their performance in greater depth than ever before and offer industry leading transparency
Saxo Bank, the online trading and multi-asset specialist, has today announced the launch of a new, comprehensive account functionality on SaxoTraderGO for its global client base. Clients trading under Saxo Bank A/S will have access to the new functionality from October 24 and the rest of the Saxo entities will go live during the remainder of October.
The new account section provides Saxo’s clients with a number of graphical overviews to illustrate how their account value, profit/loss, returns and bookings have changed over a selected time period. It also provides graphical representation of a client’s current and historic portfolio allocations as well as exposures to different asset classes and currencies. Clients can further choose to view an in-depth analysis of their P/L, bookings and cost by trading instrument, specific segment or sector.
Commenting on the changes, Christian Hammer, Saxo’s Head of Platforms, said: ”The evolution of SaxoTraderGO has always revolved around three core tenets: intuition, simplicity and transparency. With the new account section clients can easily view their returns on their investments, where they made or lost money and how much they paid in trading costs”.
Martin Christiansen, Platform Manager for My Account at Saxo has been in close dialogue with the users of SaxoTraderGO to ensure a best-in-class experience with the new functionality.
He said: “We have carefully listened to the demand for tools that can help clients analyse their own performance, detect strengths and weaknesses within their portfolios and identify possible pitfalls. We are proud to launch the new My Account section to bolsters our clients’ analytical capabilities.”
Since launching SaxoTraderGO in May 2015, Saxo has continuously added new instruments and functionality to its multi-asset and multi-device platform. Clients can now trade over 35,000 instruments across different asset classes and have access to tools and features aimed at facilitating greater transparency, control and price improvement on every trade. Recent additions include the implementation of Order Driven Execution for FX Spot, FX Forwards and CFDs, which provides a safer and more efficient way to fill client orders, and the signing of a partnership with Autochartist to make automated technical analysis tools and live trade signals available across asset classes.