The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Saxo goes choice

Back in the old days, I remember a sales jub challenging me to make a price good enough for a large oil company to trade on in USD/DEM. “64 choice,” I replied. The client didn’t trade; apparently, it had got a better choice price away.

So naturally I’m cynical about the prospects for Saxo’s latest offering, its FX Choice account. In essence, the account allows the bank’s clients to benefit from the super tight – sometimes even choice – prices that result in the stream of liquidity from Saxo’s inter-bank partners.

“FX Choice is particularly useful for active traders who invest primarily at times when the market is at its most liquid. The combination of narrower spreads and a diminishing fee structure means that Saxo Bank is fully addressing the demands of clients who want to take more control of their money when they trade,” says Albert Maasland, head of Saxo’s London office. “Saxo Bank always provides the narrowest spreads possible to clients, and by tightly streaming inter-bank spreads, with FX Choice we have created the opportunity to utilise spreads as low as zero.”

Saxo, along with other online platforms, seeks to normalise its spreads. The new service allows clients to potentially benefit from tighter prices, but in return they have to pay commission.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree