The firm said in a statement that the new offering allows retail investors to trade the full width of the investment spectrum from short-term instruments such as options to funds, with no transfer fees to move across existing holdings.

Saxo has curated a list of more than 6,000 popular global funds from top fund managers including Baillie Gifford, BlackRock, Fidelity, Fundsmith, J P Morgan and Vanguard. There are more than 500 equity, 2,000 fixed income, 730 multi-asset and 160 alternative funds providing exposure to a range of sectors from biotech, consumer staples, real estate, energy, gold, mining, healthcare, industrial and natural resources to technology, telecommunications and utilities.

Saxo says that its offering is highly competitive, allowing users to buy funds with zero commission, no platform fee and annual custody charges of only 0.4 per cent per annum (classic accounts), 0.2 per cent p.a. (platinum accounts) or 0.1 per cent (VIP accounts).

Funds are the foundation of many clients' portfolios. With this new offering, clients are able to consolidate their entire investment portfolio seamlessly, including ISAs and SIPPs, making Saxo’s platform a comprehensive one-stop destination for many of their investment and trading requirements, the firm said.