Copenhagen based Retail FX and CFDs broker Saxo Bank continued its very slow start to 2023, reporting a third consecutive month of declining client trading volumes (dating back to November 2022).
Total multi-asset volumes at Saxo Bank came in at $359.8 billion for February 2023, down 4.2% from January’s $375.6 billion – and marking Saxo’s slowest month since August 2022.
In 2022 Saxo Bank averaged $405 billion in monthly client trading volume, and so far in 2023 that figure is at $368 billion, down 9% from the previous year.
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