E*TRADE and Saxo launch currency trading in UK
E*TRADE Securities Limited and Saxo Bank, Kbenhavn, have launched currency trading to UK investors at www.
E*TRADE Securities Limited and Saxo Bank, Kbenhavn, have launched currency trading to UK investors at www.etrade.co.uk. By partnering with Saxo Bank, E*TRADE is the first retail broker to pass on institutional spreads with no mark-up to retail investors. In return, E*TRADE simply charges a flat rate 9.95 commission. Highlights of the currency trading service are: live tradeable prices on 28 currency crosses, institutional spreads with no mark-up, comprehensive range of order types (3 way order, OCO, If Done, limits, stops), flexibility to trade in any deal size, analyst reports with proprietary analysis from Saxo Bank, analytic tools, market data and streaming news. The platform is fully customisable and offers direct access to a personal account manager including live Web chat.
By integrating Saxo Banks trading platform SaxoTrader - into the E*TRADE service, retail investors will be able to trade FX, CFDs, UK and US equities from one site.