Saxo Bank, one of the largest online investment banks in Europe, has automated its MetaTrader 4 (MT4) onboarding processes. At the same time, the minimum deposit threshold will be reduced to GBP 3,000, compared to the previous GBP 15,000 requirement.
"Offering smoother access to MT4 at a much lower cost is another example of how we are empowering our clients with broader access to global capital markets and best-in-class institutional-grade execution. We pride ourselves on delivering our clients a truly differentiated trading experience, through a single account clients not only get access to MT4 but multiple assets and currencies as well as 25 years' experience in managing global liquidity and execution," Peter Plester, Head of FX Prime Brokerage at Saxo Bank, commented.
Additionally, Saxo Bank also stated that customers could access the 'Account Shield' feature, allowing them to protect capital by specifying a pre-defined stop-out level, which, if triggered, will close all their open positions (except bonds and mutual funds holdings) and cancel all orders.