Saxo Bank Japan is Terminating Support for MT4 in September 2022

Saxo Bank is ending support MetaTrader4 (MT4 MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) on 4 September 2022 with the exception of some customers. The following update was posted on the website, translated from Japanese:

"We have decided to terminate the use of MT4 except for some customers on September 4, 2022 (Sunday) as the last day. We would like to express our sincere gratitude to our customers who have used Saxo Bank Securities MT4 so far.

"We apologize for any inconvenience caused by sudden contact from our current customers, but we appreciate your understanding.

"Even after the end of use of MT4, you can continue to trade the open interest account balance in the MT4(A) account with our trading tool 'Saxo Trader Go/ Pro'."

source: saxo bank

New Platform for the GCC Region

Earlier this year Saxo Bank launched the 'SaxoInvestor' platform for the GCC sector. The new platform offers investors to trade stocks, bonds, cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, ETFs, mutual funds and managed portfolios.

Damian Hitchen, the CEO of Saxo Bank in the MENA sector, said: “The investment space is complex with many different opportunities available to budding investors.

“Saxo Bank’s vision is to enable people to fulfil their financial aspirations and make a difference, and the SaxoInvestor platform offers high-quality information, diversity and investment themes that will enable everyone, from new entrants to the market through to seasoned investors, to make a genuine impact with their investment choices.”

In the past couple of years, Saxo Bank noted a 150% increase in new investors from the MENA region. Additionally, female investors have increased notably, 18% of new customers in 2022 were female. In 2020, only 11% of the new clients were female investors.

In the Asia Pacific region, HSBC Singapore partnered with Saxo Bank towards the end of 2021. Saxo Bank's trading infrastructure was integrated into HSBC Singapore's digital investment offerings.

Since Geely Holding Group took over the firm, Saxo Bank has seen a moderate 400% growth in client deposits in the Asia Pacific region.