The top European online investment bank, Saxo Bank, has automated its MetaTrader 4 (MT4) onboarding process. The company also announced that it has reduced its minimum deposit threshold from £15,000 to £3,000. Additionally, users are now able to access feeds from non-banks and tier 1 banks on the platform.
Users are also allowed to trade multiple assets using a single account. Also, they can use either a prime brokerage setup or the provider’s own pricing and have direct market access to more than 25 top providers.
Saxo Bank Makes Executive Reshuffle
Apart from offering new features and making its users have a comfortable platform, Saxo Bank is also making executive moves.
The company recently promoted its Deputy Head of Global Communications and former Head of PR Nordic to Global Head of Communications. Also, it recently appointed former regional Manager at HSBC, Damian Hitchen, as the Chief Executive Officer of the MENA region.
Saxo Bank noted that Hitchen will be facilitating Saxo’s growth in the region and operate from the Dubai regional office of the company. He will be reporting directly to Stig Christensen, the Chief Sales Officer of the bank.
Providing Smoother Access To Users
Head of FX Prime Brokerage at Saxo Bank, Peter Plester, commented that the bank is offering smoother access to customers and users.
He says users can have access to MT4 platform at a much lower cost. This shows how the bank is empowering clients to have wider and easier access to trading tools, he added.
The company is also providing users with access to institutional-grade execution and global capital markets.“We pride ourselves on delivering our clients a truly differentiated trading experience,” Pleaster reiterated.
The company is offering a single account option where clients are able to have access different currencies and currencies on the MT4 platform, offering a speedy way of monitoring the market.
Also, the bank said the customers can have access to the “Account Shield” feature. This extra feature offers protection to the users’ account value as they can set a tolerance ratio when they are utilizing automated trading.