MT4 trading still separate from the “main” Saxo Bank, but this time using the Saxo Bank brand.
Saxo Bank has announced a relaunch of its MT4 business, this time under the SaxoMT4 brand. Visitors to the old Forextrading.com website are now redirected to SaxoMT4.com (see screenshot below). Those who want to trade at Saxo Bank using MT4 are still required to open a separate account with Saxo Bank at their regulated Cyprus subsidiary.
Saxo Bank mentioned in its press release the importance of their relationship with platform provider Leverate in launching its MT4 offering. Saxo Bank acquired a 25% interest in Leverate in 2011.
It will be interesting to see if Saxo Bank does anything else with the www.forextrading.com url, which is quite obviously quite valuable and attractive address for retail FX trading.
Saxo Bank is a member of LeapRate’s Approved List of global regulated FX brokers.
For the complete Saxo Bank press release on the (re)launch of SaxoMT4 click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.