Saxo Bank Launches Fractional Trading in Singapore

Saxo Bank launches fractional trading for its clients in Singapore, enabling them to trade fractional units on more than 1,000 instruments across various asset classes. This launch allows customers to invest in high-priced stocks with smaller capital, as they can now buy portions of shares rather than entire units. 

For instance, if an Apple share costs $200 and a trader has $100, they can still invest in Apple by purchasing half a share. This approach significantly reduces the entry barrier for retail investors who previously found such stocks unaffordable. By allowing clients to invest exact amounts, Saxo Bank ensures that investors can fully utilize their available funds. Consequently, this flexibility helps them construct portfolios tailored to their specific budgets. 

Saxo Bank Launches Fractional Trading in Singapore

Although fractional share trading has been around for a while, it has recently gained momentum among brokers globally. Several other brokerage firms have also launched similar services, making markets more accessible to a broader audience. As fractional trading becomes increasingly common, global regulators have started paying closer attention. Last year, the Financial Industry Regulatory Authority (FINRA) in the United States mandated the reporting of both full and fractional share quantities. 

Similarly, the Cyprus Securities and Exchange Commission (CySEC) issued clarifications about when fractional investments qualify as direct share ownership under MiFID II. These regulatory updates underscore the importance of transparency and investor protection as fractional trading becomes mainstream. Amid these developments, Saxo Bank is also undergoing a significant ownership change. 

Earlier this year, Swiss private bank J. Safra Sarasin agreed to acquire a 70 percent stake in Saxo Bank in a deal worth approximately €1.1 billion ($1.19 billion), valuing the company at around €1.6 billion. The acquisition includes a 19.8 percent stake from Mandatum and a 49.9 percent stake from Geely, a Chinese firm. Despite the ownership shift, Saxo Bank’s founder and CEO, Kim Fournais, will retain his 28 percent stake and continue leading the company. With these strategic updates, Saxo Bank aims to strengthen its position in the competitive trading landscape while enhancing accessibility for investors.

Getting to Know the Stock Broker 

• Saxo Bank provides a premier multi-asset trading platform. 
• The platform offers over 70,000 tradable instruments, including forex, stocks, and bonds, and features exceptional research capabilities. 
• Also, traders benefit from an extensive toolkit and premium features. 
• Saxo Bank delivers a comprehensive and immersive trading experience. 

Also, check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!