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 of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. 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 of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. 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 networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. 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 networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. 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.