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Microsoft Exits Retail Forex – MSN Trader Reverts to Saxo Bank

Jim — Sat, 19 Nov 2011 08:20:54 +0000

Just over a year ago we reported that "Microsoft Enters Retail Forex". It now seems as though what with one thing and another that little (ad)venture didn't turn out as originally hoped. At that time I opened an MSN Trader account of my very own, but yesterday I received an email from saxobank.com informing me that:

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Saxo Bank Relaunch ForexTrading.com as a Retail Forex Broker

Jim — Tue, 07 Jun 2011 16:23:25 +0000

In a press release yesterday Saxo Bank announced that their ForexTrading.com web site not only provides some forex trading education. It now also allows you to trade spot forex and CFDs:

Saxo Bank, the online trading and investment specialist, today announced the launch of ForexTrading.com which will offer retail investors a select range of FX crosses and CFDs with variable spreads – as low as 0.8 pips.

Those spreads are not only variable, they are also significantly smaller than the spreads available to Saxo's existing retail clients through the SaxoTrader and WebTrader platforms. Here's a quick comparison between two demo accounts, with the new ForexTrading.com first:

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CitiFX Pro Launched in the United Kingdom

Jim — Wed, 30 Mar 2011 19:45:56 +0000

Citi announced in a press release earlier this week that us poor souls from the UK would have to wait no longer to be able to use the CitiFX Pro platform. According to Citi’s Manager of Margin Foreign Exchange for Europe and the Middle East, Sasha Serebrinsky:

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MSN Trader – Powered by Saxo Bank – Now Live!

Jim — Wed, 10 Nov 2010 13:46:38 +0000

MSN Trader is now live! According to the web site it's "The Investor Platform of the Future". Despite the slightly confusing initial publicity, from 12:00 GMT today there have been over 160 currency pairs available for trading on MSN Trader, as long as you are a UK resident.

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Microsoft Enters Retail Forex. Launches MSN Trader with Saxo Bank

Jim — Mon, 08 Nov 2010 10:26:05 +0000

According to Computer Weekly Microsoft will be launching MSN Trader for the benefit of retail traders here in the UK on Wednesday, pasting a white label version of Saxo Bank's WebTrader platform into MSN Money:

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London Capital Group in Roller Coaster Ride

Jim — Thu, 10 Dec 2009 18:40:52 +0000

London Capital Group Holdings plc are behind a considerable number of UK spread betting brokers, including Capital Spreads, ProSpreads, Dealing Desk and even Saxo Bank Financial Spreads. At the beginning of this week they issued their third profit warning. According to the Financial Times:

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