Saxo Bank is ending support MetaTrader4 (MT4 ) 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 , 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.
