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Saxo Launches Flexible ISA Amid Record Soaring Demand for Stocks and Shares ISA Product and Ongoing Market Volatility
Saxo, the leader in online trading and investment, today announces the launch of a new Flexible Investment and Savings Account (ISA). This follows a 591% surge in demand for its Stocks and Shares ISA in January and February 2025, compared to the same period last year, with new clients eager to maximise their ISA allowance at market-leading prices.
What’s more, the recent surge in the Cboe Volatility Index to its highest level since early 2020 has seen investors seeking to maximise their investments while maintaining the ability to access and manage their funds in a flexible manner.
A flexible ISA offers investors the ability to maintain such control while growing their investments in a tax-efficient manner. Like a standard ISA, you can invest up to £20,000 annually but with the added benefit of withdrawing and replacing funds without affecting your annual allowance. This makes it easier to switch investments or manage cash flow without penalty. Saxo’s Flexible Stocks and Shares ISA adds even more value: no platform fee, US trades from $1, UK trades from £3, and FX fees as low as 0.25%. Transfer your ISA by April 30 and you could receive up to £1,000.
Dan Squires, CCO of Saxo in the UK said: “At Saxo, we want our clients to feel empowered to make the most of their savings. Recent market volatility has underscored the need for agility and responsiveness when investing, and our new Flexible ISA reflects our commitment to providing our clients with this.
“For investors looking to optimise their portfolio, our Flexible ISA provides access to over 18,000 stocks, ETFs, bonds, and funds – all in one place.”
Earlier this year, Saxo announced a significant increase in its client base following the introduction of a new pricing model, with the total number of new trading end clients across markets up 132% in 2024 compared to 2023.
In the UK, Saxo also reported increases in both the number of new clients under the age of 25 – rising from 9% in 2023 to 15% in 2024 – and new female clients – which has trebled year-on-year, now representing 18% of new clients in the UK.
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