Saxo has launched a new flexible ISA, following a sharp surge in demand for its stocks and shares ISA.
The investment group said demand for its stocks and shares ISA soared 591% in January and February compared to the same period last year.
Additionally, 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.
Like a standard ISA, investors can invest up to £20,000 annually but with the benefit of withdrawing and replacing funds without affecting their annual allowance.
Saxo said its new ISA allows US trades from $1, UK trades from £3, with FX fees as low as 0.25% and no platform fee.
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.”
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