BinckBank is a Dutch stock-brokerage. It offers an online trading platform to trade financial assets. The company was founded in 2000. The company was mostly dealing with the professional broker market and banks. In October, of the same year, it opened a new retail branch. Afterward, in 2019 Saxo Banks bought the company.
Recently, Saxo Bank has completed the acquisition of BinckBan. It now owns 95% of the total issued and outstanding share capital of the online broker. However, BinckBank plans to create a new platform and substantially expand its services in Spain.
The new platform will be based on Saxo Bank’s technology. The platform offers a trading environment developed by the broker. It will give traders access to multi-asset trading through the BinckBank brand. From now on Saxo Bank can offer BinckBank’s clients access to the wide range of investment opportunities, technical assistance, variety of tools, and services on the Saxo Bank Broker Platform.
Saxo Bank is working on the integration of both the Dutch stock-brokerages. The partnership is an important first step in their journey together. Their users can look forward to getting even better products, services, platforms, and prices in the future.
A platform for more than 2.5 million European expats
The new platform has a very solid and strong European footprint. It is designed for more than 2.5 million Europeans staying or living in Spain. The platform will support at least 26 other languages. Also, it will allow users to access trade products and an extensive selection of global markets across the asset classes.
In addition, with this new multilingual platform, BinckBank’s branch in Spain can reach a much broader group of potential investors. This project includes a large number of English-speaking expats. Also, it will facilitate access to a wider selection of global markets, among Dutch customers, and trade a variety of products.