Saxo Bank volumes rebound in April 2024 led by record Equities and Commodities trading

Copenhagen based Retail FX and CFDs broker Saxo Bank reported its best month in over four years trading volume-wise in April 2024, led by record levels of client trading activity in both Equities and Commodities.

Total multi-asset volumes at Saxo Bank were up 28% MoM to $482.7 billion in April – as noted above Saxo’s best result since March 2020 ($496.9 billion). Leading the charge was Equities trading, at $303.7 billion up 27% from the previous month and representing 63% of total trading activity at Saxo during April. Hot commodity markets also led to record Commodities trading volumes of $70.7 billion, up a whopping 60% MoM.

The increased trading activity comes at a very good time for Saxo Bank, which is trying to find a buyer for the company.

Client trading volumes at Saxo Bank in April 2024 were as follows:

  • FX trading up 17% MoM to $99.3 billion.
  • Equities up 27% to $303.7 billion.
  • Commodities up 60% to $70.7 billion.
  • Fixed income trading down 3% to $9.0 billion.

Saxo Bank is controlled by China’s Geely Group.