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OANDA Japan offers clients to open demo accounts for MT5 platform

Maria Nikolova

The live (production) release of the platform is currently scheduled for mid-January 2020.

Online trading company OANDA Japan is expanding the trading offering available to its clients with the addition of MetaTrader 5 (MT5). The company has earlier today announced that its clients can now apply for MT5 demo accounts.

The brokerage notes that it has been receiving traders’ requests for the addition of MT5 for quite a long time and is happy to respond to these requests.

Those that don’t have a demo account with OANDA Japan can open one here.

The live (production) release of MT5 by the brokerage is currently scheduled for mid-January 2020. The company recommends to customers who wish to trade on MT5 to create a demo account in advance.

OANDA Japan also offers trading on its fxTrade platform, as well as on MT4. Let’s note that OANDA Japan is one of the handful of Japanese brokerages that offer trading on MT4 – another example is Forex.com Japan.

A number of Japanese brokerages have terminated the offering of MT4 over the past several years. Retail FX broker ArenaFX, now known as ExciteOne, stopped offering the platform in the fall of 2017. Japan’s retail FX giant Monex Group, Inc. (TYO:8698) and YJFX had stopped offering MetaTrader 4 earlier. YJFX said back in the fall of 2014, when it announced its plans to terminate the offer of MT4, that its decision was sudden and gave no specific reasons for the move. After abandoning MT4 in the autumn of 2014, Monex focused on the development of its proprietary platform TradeStation.

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