OANDA Japan Ends MT4 Discretionary Plan, Shifts to MT5

OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.

The broker confirmed that starting Thursday, September 26, 2024, it would no longer permit the creation of new subaccounts for the Tokyo Server MT4 Discretionary Plan. Following this, OANDA Japan will cease accepting new orders on the platform after Friday, October 18, 2024, at the close of trading.

In a formal notice to its customers, OANDA Japan specified that the final termination date for the MT4 Discretionary Plan would be Friday, December 13, 2024, at 3:00 p.m. Clients with active positions under the Tokyo Server MT4 Discretionary Plan are advised to close their trades before the specified deadline. Any positions remaining open after 3:00 p.m. on that day will be automatically settled by OANDA Japan at its discretion.

As the company transitions away from MT4, it has confirmed that its Tokyo Server MT5 Discretionary Plan will remain available for clients wishing to continue discretionary trading. OANDA Japan has encouraged clients affected by the closure of the MT4 plan to migrate to the MetaTrader 5 (MT5) platform if they wish to maintain their discretionary trading activities.

This decision highlights OANDA Japans broader shift towards modernizing its platform offerings, with MT5 serving as the recommended option for traders moving forward. The company emphasized the enhanced features and continued support available through the MT5 platform, which has become increasingly popular among brokers and traders alike for its more advanced tools and capabilities compared to MT4.

While the termination of the MT4 Discretionary Plan may inconvenience some traders, OANDA Japan is working to ensure a smooth transition for its clients, urging them to take action before the final cutoff date. This move aligns with industry trends as many brokers are phasing out MT4 in favour of the more versatile and technically advanced MT5.