Saxo Bank enables white label partners to set up view-only users in SaxoTraderGO

Maria Nikolova

Saxo Bank’s partners can now set up non-trading clients with dedicated access profiles that allow access to the Account part of the platform only.

There is more news for the white label partners of online multi-asset trading and investment specialist Saxo Bank. Saxo Markets, the institutional division of Saxo Bank Group, has announced that its partners willing to set up non-trading clients now can do this by setting up view-only-users in SaxoTraderGO.

These users can get dedicated access profiles that will only provide them with access to the Account section of the platform which means they will not be allowed to place orders.

This can be quite useful when companies want to give access the platform to accountants or power of attorney clients. Such users can see reports and use other items from the account section.

The standalone section will be available for all partner login pages using “/account” after the normal login page (for instance, “”). At present, the “/account” Login page is unbranded. However, by mid-June this page is set to get the same branding as the main SaxoTraderGO login page. One exception is the Live/Sim switch, which will not be available, as the /account Login page is not available for simulation.

Recently, Saxo Markets has unveiled another major change concerning white labels: the introduction of a new policy for white label clients’ proprietary trading.

The company attributed the changes to “increased complexity within reporting requirements”. Saxo is offering its white label partners a full separate structure for all proprietary trading requirements they might have in order to provide them with full transparency and to enable them to keep the activity of their client trading separate from any proprietary trading activity.

Saxo has a high number of white label partners that make use of the bank’s proven technology. In a research piece, published in October last year, Saxo Bank’s Søren Kyhl and Stig Tørnes explained the benefits of viewing banking as a platform (BaaP), a strategy which leaves the bank open to partnerships with other banks or fintech companies. Søren Kyhl and Stig Tørnes stressed the importance of banks applying a dual partnership strategy: engaging directly with customers through the bank’s customer interface as well as attracting flow or business from other partners, like banks or fintech companies, within their core areas.

SaxoTraderGO has itself undergone remarkable development since its launch in May 2015. The platform became available to Saxo’s white label partners in November 2015.

Amid the latest enhancements to SaxoTraderGO we should, of course, mention the integration of Autochartist’s tools into the platform early this year. The integration, as FinanceFeeds has noted, was timely, considering that retail traders now want all of the analysis tools and ancillary services on the same platform from which the execute trades.

Read this next

Institutional FX

Euronext’s FX volume takes yet another step back in July

Pan-European exchange, Euronext has reported a 7.6 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $21.4 billion in July 2022, which is down from June’s $23.1 billion.

Executive Moves

IG Group strengthens institutional sales with appointment of Glen Hastings

IG Group, Europe’s largest online trading platform, has onboarded Glen Hastings to the role of its institutional sales manager. He joins the FCA-regulated broker with immediate effect, based out of its offices in London.

Digital Assets

Voyager customers can withdraw up to $100K in cash via ACH transfer

Following approval of the bankruptcy judge, cryptocurrency brokerage firm Voyager plans to return $270 million in customer cash. The amount represents a small portion of investors’ crypto holding that have been locked up since the company filed for bankruptcy in April.

Retail FX

Britain’s lifeboat system to conclude LCG compensation scheme

Britain’s Financial Services Compensation Scheme (FSCS) said today it’s preparing to close the compensation scheme of the collapsed mini-bond provider, London Capital & Finance.


Robinhood parts ways with its first CPO Aparna Chennapragada

In what apparently part of the restructuring it announced last month, Robinhood is parting ways with its Chief Product Officer Aparna Chennapragada. However, she’ll remain employed in an advisory role to the CEO through January 2023.

Digital Assets expands regulatory footprint with new licence in South Korea has acquired payment service provider ‘PnLink Co., Ltd.’ and virtual asset service provider ‘OK-BIT Co., Ltd.’ The move effectively provides a regulatory stamp for the company’s digital assets and cryptocurrencies business in South Korea.

Metaverse Gaming NFT

Why NFT Technology Could be the Much Needed Solution to Crypto Inheritance 

The digital asset market may have started with Bitcoin’s humble beginning but its fortunes have changed over the past decade.

Industry News

Kohle Capital Markets expands CFDs lineup to 200+ stocks

Kohle Capital Markets (KCM), the leading international provider of online trading, has once again expanded its contracts-for-difference (CFDs) offering, this time with the addition of new products on its trading platform.

Industry News

Kohle Capital Markets continues CSR initiatives with donation of art piece to Lions Club International

Global brokerage firm Kohle Capital Markets (KCM) is taking its corporate social responsibility very seriously and continues to navigate the challenging period brought forth by the pandemic and Russia-Ukraine war.