Saxo Bank said ForexTrading.com will provide investors with a range of basic functionalities designed to make trading flexible and straightforward.

The new web portal, powered by Saxo Bank, allows traders to trade in the world’s most liquid currency pairs and global commodity CFDs.

Saxo Bank Head of Markets Claus Nielsen said that ForexTrading.com will appeal to forex and CFD traders who are price sensitive and do not require a personal service, but still want the ability to utilise an award-winning online trading platform.

"We believe the retail foreign exchange market will maintain its growth trajectory for the next 10 to 15 years and we want to cater for high-net-worth investors as well as high-frequency traders to who tight spreads and deep liquidity are essential," Nielsen said.