OANDA, a leading player in online multi-asset class trading and data analytics sector revealed the launch of new platform support for its products. As per statement released by the firm, the New York headquartered firm will now offer MT5 Support trading platform to its clients who are based in Japan. The service was initially made available for use of its clients for demo accounts back in December of 2019, but it has now made the service accessible for its clients who hold live account. There is no information on when the access to MT5 platform will be made available to clients outside of Japan at the moment. The move to add MT5 Support to its list of supported trading platform seems to have been made in direct response to increasing requests from its Japanese clients.
This is a clear sign of firm’s commitments to addressing the needs of its clients while also showing its focus on expanding its range of products and services. Speaking about this move, Kurt Vom Scheidt Chief Operating Officer of OANDA said, “A global leader in online multi-asset trading services, OANDA was built on the foundations of transparency and integrity. Over the course of our 24-year history, we’ve worked hard to meet the ever-changing needs of our clients. That’s why we’re pleased to announce the launch of Meta Trader 5 in Japan, which provides access to advanced charting and technical indicators, as well as expanded functionality for EAs, ultimately allowing clients to improve their algorithmic trading results. We believe the addition of Meta Trader 5 to our range of platforms will further enhance the trading experience we offer to our clients and reinforce our position as the number one foreign FX broker in Japan. We also look forward to rolling it out around the world soon, in response to client demand”.
It should be noted that this is the second major technology based move made by the firm in 2020 with first major change being expansion of its partnership with Chasing Returns. As part of this expansion deal, OANDA made a major upgrade to all its platforms adding access to latest cutting edge technology from Chasing Returns. As part of deal between two firms, OANDA now provides its clients with access to Chasing Returns Risk Management tech and behavioral research capabilities which are made available via APIs. OANDA has been a leading player in global financial services industry for more than two decades now. It started out in 1996 as the firm which provides access to exchange rate data free of cost online, but it has since expanded into wide range of products and services with launch of its FX trading platform that has helped in pioneering development of web-based currency trading mechanisms. The firm is currently a multinational giant with well established and regulated presence across six of world’s most active financial markets.