Saxo Bank is an online Danish investment bank. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platform SaxoTrader in Forex, Stocks, CFDs, Futures, Funds and Bonds. Private Wealth Management services are also offered. According to Saxo, roughly two-thirds of the its activities are derived from partnerships with institutional trading partners. The company functions as an online broker with a bank license, without offering traditional banking products.
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