The firm said that the new account will enable users to invest their savings in a tax efficient manner through Saxo’s sophisticated trading platform.

Leveraging its trading platform, customers can access an array of investment products at competitive costs, and use the equity research module, Saxo’s advanced charting and analysis tool.

The new accounts offers access to 25 exchanges with over 4,200 instruments such as shares, ETFs, investment trusts as well as one of the trading platforms in the market, including a mobile application for iPad, iPhone and Android.

It also provides free equity research module generally charged for on accounts holding less than £60,000, competitive pricing for UK share and ETF dealing from £8 per trade and 0.5% currency conversion for non-GBP denominated stock on £35 annual account fee.

Operating as a wholly owned subsidiary of Saxo Bank, Saxo Capital Markets UK caters private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures and Options.