en.wikipedia.org
ABOUT SAXOBANK
".......In April 2010, the Danish newspaper Berlingske Tidende's Business.dk revealed that "clients are the sure losers" trading with Saxo Bank. The accusations were based on statements by a former senior employee, and according to Business.dk the claims were verified by other insiders. The source claimed that the client failure rate was close to 100%........."
".....In Denmark, the news stories about Saxo Bank, its currency speculation offerings and its business methods sparked public debate, and web-tv and follow-up stories were being published by Berlingske and other Danish business media. .........."
"...... Other sources in Saxo Bank, including former employees in management roles, has revealed that 90% of Saxo Bank's clients lose all their money within six months, according to Børsen: "There are just about no clients that make money in Saxo Bank. It is simply not the idea. The bank, of course, has to make money on the clients' losses.", quotes Børsen ....... "
"....In May 2010, Portuguese financial institution Fortune accused Saxo Bank of front running and speculating against its CFD positions...."
"... In Denmark's financial community Saxo Bank remains highly controversial with its founders' documented history of employment in so-called bucket shops[1][2] in the mid-1990s, and media stories of fictive market rates on the SaxoTrader...."
"...In 2010, Danish media featured stories of alleged Saxo Bank misconduct, but the allegations remain unresolved....."
ABOUT SAXOBANK
".......In April 2010, the Danish newspaper Berlingske Tidende's Business.dk revealed that "clients are the sure losers" trading with Saxo Bank. The accusations were based on statements by a former senior employee, and according to Business.dk the claims were verified by other insiders. The source claimed that the client failure rate was close to 100%........."
".....In Denmark, the news stories about Saxo Bank, its currency speculation offerings and its business methods sparked public debate, and web-tv and follow-up stories were being published by Berlingske and other Danish business media. .........."
"...... Other sources in Saxo Bank, including former employees in management roles, has revealed that 90% of Saxo Bank's clients lose all their money within six months, according to Børsen: "There are just about no clients that make money in Saxo Bank. It is simply not the idea. The bank, of course, has to make money on the clients' losses.", quotes Børsen ....... "
"....In May 2010, Portuguese financial institution Fortune accused Saxo Bank of front running and speculating against its CFD positions...."
"... In Denmark's financial community Saxo Bank remains highly controversial with its founders' documented history of employment in so-called bucket shops[1][2] in the mid-1990s, and media stories of fictive market rates on the SaxoTrader...."
"...In 2010, Danish media featured stories of alleged Saxo Bank misconduct, but the allegations remain unresolved....."
