MetaTrader4 supporter decreases yet again. At the end of last week, SaxoBank reportedly started to stop receiving new customers in its Metatrader4 platform at June 5, 2015, and will terminate its Metatrader4 platform services.
MetaTrader4 supporter decreases yet again. At the end of last week, SaxoBank reportedly started to stop receiving new customers in its Metatrader4 platform at June 5, 2015, and will terminate its Metatrader4 platform services.
In its press release, Saxo Capital Markets CY Ltd, a subsidiary of SaxoBank, mentioned that their recent proprietary platform success has prompted them to stop their Cyprus-based Metatrader4 offering. However, Metatrader4 liquidity solutions will still be available for institutional clients and retail brokers.
According to Matteo Cassina from Saxo Bank, SaxoTraderGO has already received outstanding reviews and our clients have fully embraced the platform. One week after the official launch of SaxoTraderGO, 35% of all Saxo’s unique trading platform users were trading on SaxoTraderGO. This early success has made our decision to close down the Cyprus based MT4 offering straightforward. Current clients of Saxo Capital Markets CY Ltd. will be offered the opportunity to continue their client relationship with Saxo Bank and they will be provided with access to the SaxoTraderGO platform.
Saxo Bank is one of the world's leading brokerage houses that has built an established name in the industry along with its award-winning proprietary platforms. It holds licenses to operate in various regions around the world and is known as a preferred forex broker among institutional traders. With relatively bigger initial deposit requirement, it also offers one of the more elite services among its fellow market makers.