The launch of the Saxo US election trading hub also provides new clients access to commission-free trading of the most 100 popular US stocks.
The hub also provides hand-picked investment shortlists for likely election scenarios. It also links to relevant US market news.
The Saxo US election trading service has provided commission-free execution of trades to new users of the platform since 1 October. It will continue to do so until 31 December.
The service is exclusively available to new clients based in the United Kingdom or Monaco, defined as those which have not held an account with Saxo within the past year from 1 October.
Clients who have closed their account within the past year and attempt to reopen it to take advantage of the campaign will be disqualified.
Only the 100 most popular US stocks as determined by the Saxo US election trading hub can be bought and sold commission-free.
These include the so-called magnificent seven: Apple, Amazon, Microsoft Alphabet Meta, Tesla and NVIDIA. Further down the list are other household names such as Intel, Johnson & Johnson and Coca-Cola.
The roll out of the Saxo US election trading hub comes as Saxo has sought to bolster its presence in the UK market with the launch of a new platform earlier this month.
On 2 October the Denmark-headquartered bank unveiled its SaxoInvestor service for UK clients, providing access to more than 70,000 global instruments including stocks, ETFs, bonds and mutual funds.
The launch of the Saxo US election trading hub also follows a wave of similar US-election themed product launches among brokers.
These include Australia-headquartered Pepperstone, which last month committed to provide dedicated coverage of the forthcoming US election.
The forex trading platform will provide clients with a dedicated analysis of the election and key events leading up to it.
The analysis, which is updated daily, also considers how the election could affect the dollar, US treasury bonds, and commodities such as gold and oil, as well as equity indices and ETFs.
Last week, Interactive Brokers launched Yes/No contracts allowing US-based investors to trade their predictions of the outcomes of US elections,
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
