Saxo launches gamified trading with prizes up to £250 and vouchers
The best performing portfolios can win prizes, including £250 into a Saxo trading account, Financial Times or The Wall Street Journal subscriptions, Fortnum & Mason hampers and Amazon vouchers.
Saxo Markets UK has launched a gamified investment experience designed to simulate a portfolio and its performance against historic market events to teach users about the importance of diversification and risk management.
SaxoScenarios is the latest feature of the provider of multi-asset trading and is part of Saxo Markets UK’s initiative to educate investors using its platform to promote greater awareness of market risks.
Free to use and offering several features designed to give users a realistic experience of market volatility and its impact on portfolios, the simulated platform offers detailed information on how to manage and mitigate these risks.
Fun and engaging educational platform
Charlie White-Thomson, CEO of Saxo Markets UK, said: “In volatile markets, understanding the importance of portfolio diversification and risk management is important, which is why we have launched SaxoScenarios – a tool for investors wanting to educate themselves about markets and how to manage potential downside risks in their portfolio. We have created a fun and engaging educational platform which carries an important message, yet gives users a chance to win prizes based on performance while learning lessons that they can apply to real life portfolios.”
SaxoScenarios allows users to start portfolios aligned to their interests and values, including: the Globalist, who is invested in companies with global operations; the World Traveller, a portfolio weighted heavily in travel and transportation; and the Eco Warrior, for those who are invested in green technologies.
The simulated platform includes a newsfeed, displaying breaking news highlighting key market events from the simulated period chosen by the user.
Users can rebalance their mock investment portfolio throughout the simulation, allocating across a range of asset classes, including equities, bonds, commodities and crypto.
Throughout the simulation, users are offered advice and information through an education panel, offering explanations on key investment concepts such as systematic risk, haven assets, green investing and more.
The best performing portfolios can win prizes, including £250 into a Saxo trading account, Financial Times or The Wall Street Journal subscriptions, Fortnum & Mason hampers and Amazon vouchers.
Saxo Bank has recently introduced fractional amounts and extended hours for Index CFDs in a move to enable users to fine-tune their exposure and gain more trading flexibility and control.
The new functionality has been added to the trading platform since the beginning of the year, thus allowing customers to trade CFD Index trackers with fractional amounts as low as 0.01 contracts.
