Saxo MT4 review
Saxo Capital Markets is a subsidary based in Cyprus and a part of the Saxo Bank Group. The Saxo Bank Group has an impressive heritage of more than 15 years in the global capital markets. Read this second part of the Saxo MT4 review below.
Payment methods
Payments can be made using Visa, MasterCard, MoneyBookers (Skrill) or via a Wire Transfer from an account registered in your name.
Downloading of software?
Saxo Bank MT4 offers three fully integrated solutions: a Windows-configured downloadable platform, a web-based browser service “MetaTrader4”, and “SaxoMT4-MobileTrader”, the smartphone application for on-the-go trading.
Sign-up bonus
No, SaxoMT4 is not currently offering a sign-up bonus.
Currencies and other instruments
SaxoMT4 facilitates the trading of 58 currency pairs, CFD Indices and various commodities.
Execution of currencies: SaxoMT4 allows the trading of currencies from market opening on Sunday 22:00 GMT until market close on Friday 22:00 GMT.
Forex Spread (buy and sell prices): From only 2 pips target spread on the leading currency pairs.
Support:
24-hour support five days a week either by phone or via their live chat service.
Resources (tools, charts)
SaxoMT4 is one of the most cutting-edge trading platforms available. Its graphs and charts are configurable, including the Tick Chart that updates itself with every incoming tick/price movement. Various technical tools help to manage the current market analysis, for instance the option to save profiles of commonly used instruments according to specific time periods or other technical indicators. Expert advisor and strategy testing functions also test data according to historical trends over a specifiable time frame. By specifying a unique set of trading instructions, the platform can also execute trades automatically.
Currency pairs
In total, 58 currency pairs are available.
For Dollar traders: AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/CZK, USD/DKK, USD/HKD, USD/HUF, USD/NOK, USD/PLN, USD/RON, USD/SEK, USD/SGD, USD/TRY, USD/CNH, USD/RUB, USD/MXN, USD/ZAR, USD/ILS.
For Euro traders: EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/NZD, EUR/USD, EUR/CZK, EUR/DKK, EUR/HUF, EUR/NOK, EUR/PLN, EUR/RON, EUR/SEK, EUR/SGD, EUR/TRY, EUR/MXN
EUR/ZAR.
For Sterling traders: EUR/GBP, EUR/JPY, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/USD, GBP/PLN, GBP/SGD.
For Yen traders: CAD/JPY, CHF/JPY, EUR/JPY, GBP/JPY, NZD/JPY, USD/JPY, SGD/JPY, TRY/JPY, ZAR/JPY.
Other currency pairs: AUD/JPY, AUD/NZD, CAD/CHF, NZD/CAD, NZD/CHF, CHF/NOK, CHF/PLN, CHF/SEK.
Other notable commodities include: Oil, palladium, wheat, gold, coffee and gas, along with European stocks and stock indices.
Leverage
You can leverage up to 200:1.
Forex Market Analysis
Daily updates and analysis are provided.
Financial security
Accounts are held in three locations: Barclays Bank PLC in London, HSBC Ltd. in Hong Kong and Mizrahi Tefahot Bank Ltd. in Israel.
Financial regulation
SaxoMT4 is regulated by the Cyprus Securities and Exchange Commission operating under European investment regulations.
Software and graphics
The SaxoMT4 software is available in three forms for maximum compatibility.
Other names for SaxoMT4
SaxoMT4 is a trade name of Saxo Capital Markets CY Limited, a subsidiary of Saxo Bank.
››Go to Saxo MT4
››Back to the overview page of the Saxo MT4 review
