Saxo Bank Australia, a licensed global broker, announced the launch of its digital trading service, SaxoSelect, to make it easier for traders to manage funds in portfolios.
Leading online trading specialist Saxo Bank Group in Australia has developed trading platforms and services in many fields by launching SaxoSelect, a managed portfolio service for self-managed traders and self-managed super fundsBroker offers traders to have their funds managed by global investment management professionals based on their preferred investment style.
SaxoSelect provides traders access to international financial instruments managed by global asset managers BlackRock, Morningstar, Nasdaq, Brown Advisory, and Macro FX. With a minimum investment of US$10,000, SaxoSelect offers bespoke wealth management services to many investors.
In addition, traders benefit from transparent fees for trading, complete control, and real-time execution at an average cost of 0.95% with no additional fees such as platform fees, entry, exit, or other custodial fees.
Saxo Australia CEO Adam Smith commented, "In recent years, the appetite for alternative wealth strategies has grown with increased access to global capital markets and technological innovations. As more Australians look to build diversified portfolios across different regions, whether investing in savings directly or building their own SMSF, they turn to digital platforms to take charge of the financial future."
Previously, the broker had introduced SaxoSelect in Europe and Asia, available for Saxo account holders. In launching, the broker does not set investment minimums, and there is no fee to access them. It is important to remember that the portfolio is designed for medium to long-term investments and is best suited for long-term clients.