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OANDA Japan schedules live launch of MT5

Maria Nikolova

Traders can start trading on the MT5 platform using their live accounts after the end of system maintenance on January 11, 2020.

As FinanceFeeds has earlier reported, online trading company OANDA Japan is expanding its offering with the addition of MetaTrader 5 (MT5).

The brokerage today announced the date for the live launch of the platform. Clients of OANDA Japan will be able to use their live accounts for MT5 after the end of the system maintenance on January 11, 2020.

Regarding any enquiries, let’s note that January 13th (Monday) is a holiday in Japan, but OANDA Japan will accept enquiries by phone and email from 8:00 am to 4:00 pm (local time).

In December, the company announced that its clients can apply for MT5 demo accounts. The brokerage noted that it had been receiving traders’ requests for the addition of MT5 for quite a long time and was happy to respond to these requests.

The company recommends to customers who wish to trade on MT5 to create a demo account first.

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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