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OANDA Japan to terminate two MetaTrader 4 servers, encouraging move to MT5
OANDA Japan is shutting down two MetaTrader 4 servers by December 2024, prompting traders to switch to alternative servers or consider upgrading to MetaTrader 5.
OANDA Japan has announced it will terminate two of its MetaTrader 4 (MT4) servers by December 13, 2024, as part of a shift in its services. The Tokyo Server MT4 Discretionary Plan and FX Tokyo Server MT4 “Forex-oj5k” will be discontinued, with no new accounts being created after September 26 and trading stopping by October 18.
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Traders are advised to close positions before the servers are shut down to avoid forced settlement. Users of the “Forex-oj5k” server are asked to migrate to the “oj1m” server.
While OANDA hasn’t provided specific reasons for this change, it has pointed out the advantages of MetaTrader 5 (MT5), a platform increasingly promoted by MetaQuotes, as a likely alternative.
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Last update: Oct 01, 2024