OANDA Japan will discontinue its MetaTrader 4 (MT4) and MetaTrader 5 (MT5) web terminal services at the end of May, removing browser-based access for traders and directing them to installed platforms and mobile apps. The change forms part of a broader transition away from MT4, which the company has already scheduled for retirement.
Web Access to End in May
The broker confirmed that both MT4 and MT5 web terminal services will stop at the end of the month. After this date, users will no longer be able to log in through a web browser. The shutdown applies only to the web-based versions of the platforms as the broker will continue to support desktop applications and mobile trading.
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Traders Directed to Alternative Platforms
OANDA Japan advised clients to switch to the desktop versions of MT4 or MT5, which are reportedly available for download through its website. Trading will also remain available via mobile apps on iOS and Android devices.
Keep reading: OANDA Japan Pushes Clients to MT5 as It Sets MT4 Shutdown
However, the broker noted that chart settings created on the web platform will not transfer to other versions. Users will need to manually recreate indicators and layouts on desktop or mobile and client accounts will remain unaffected. According to the firm, account balances, open positions, and pending orders will stay intact after the web terminal closes.
The announcement also references the company’s earlier plan to phase out MT4 entirely. OANDA Japan has encouraged clients still using MT4 to move to MT5 or consider its proprietary platform, fxTrade.
It announced in March that it will fully discontinue MT4 in November, citing “cybersecurity requirements” and the platform’s lack of ongoing maintenance.
The broker said MT4 no longer meets current security standards and noted that MetaQuotes has stopped maintaining the legacy platform, making it harder to ensure system integrity and client data protection.
Tighter Rules and Forced Migration
The phase-out is already underway. OANDA Japan has stopped opening new MT4 accounts and plans to halt order placement in September, before fully shutting down trading and login access in November.
Subsequently, OANDA Japan tightened trading conditions on MT4 platform in April, announcing that it will raise margin requirements to a flat 10%, effectively cutting leverage to 10:1. The change pushed leverage well below Japan’s regulatory cap of 25:1 and applied to most currency pairs, while index and commodity CFDs also saw higher margin requirements.
The broker also linked the move to risk controls and market volatility, but the selective rollout, limited to MT4 on Tokyo servers, highlighting a push to accelerate migration to MT5 ahead of the planned shutdown.
The firm also introduced automatic transfers for accounts with margin maintenance below 200%. Affected clients will have positions and balances moved to MT5, with new accounts created where needed.
MetaTrader Support Tightens
Several other brokers have recently taken similar steps to scale back or retire MetaTrader, especially MT4, even if they do not always frame it specifically as a web terminal shutdown.
Last month, European broker EARN announced it would phase out MT4 entirely. It cited the end of vendor support and plans to migrate all MT4 accounts to MT5 while suspending access to the old MT4 servers during the switch.
At the same time, MetaQuotes’ own decision to stop supporting older MT4 and MT5 builds from mid‑2025 has pushed MetaTrader brokers to upgrade infrastructure.