The trading platform, which is owned by Copenhagen-headquartered Saxo Bank, is aiming to “transform the online trading market in Australia.”

“It was critical to ensure that investors were educated as much as possible on the asset classes they were trading in and the risks involved. As a result, SCM has a number of online educational tools available to ensure investors are informed,” said SCM Australia's chief executive Anthony Griffin.

SCM Australia recently completed the acquisition of Logos Commodities, the holding company of Commodity Broking Services, growing its client base and broadening its suite of services.

"Opening an office in Sydney is a strategic decision to support our Asia-Pacific expansion and growth strategy. The acquisition has brought with it both tremendous staff as well as a great range of clients. That has given us the critical mass for doing business here. This is a good time for us to prove our commitment to the Australian market," said Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, in a joint statement.