OANDA Securities no longer provides a desktop version of its fxTrade, while the web browsers, mobile apps, and tablets versions are still available.
OANDA Securities, the Japanese division of venerable online forex and CFD broker, OANDA Corporation, has halted new downloads of its fxTrade trading software for desktop computers. OANDA representative confirms that from now on, fxTrade can be used (only) in a web browser, mobile app, and tablet versions.
However, OANDA Securities pointed out that fxTrade users who have previously downloaded the desktop version may continuously use it. The broker also mentioned that TradingView, a charting, analytics, and social networking tool incorporated into fxTrade in March 2016, still allows traders to access fxTrade from the desktop version.
The OANDA subsidiary, in the meantime, increased the USD/JPY currency pair's new margin rate from 2% to 2.2% to be effective on January 30, 2023, and applicable for corporate accounts on its Tokyo and New York servers.
"Customers holding positions in the corresponding currency pair will be subject to a loss cut due to changes in the margin rate if they continue to hold positions after the market closes on January 27, 2023. We recommend that you reduce your position in advance or have enough money in your account," said OANDA Securities.
This was due to the Japanese subsidiary's increased margin rates for the currency pairs NZD/USD and AUD/USD to 3% which is also limited to Tokyo and New York servers. The exact circumstances also apply to the new margin rates for USD/SEK, GBP/USD, and GBP/JPY currency pairs.
Additionally, OANDA kicked off a new corporate identity and started crypto trading in the US in collaboration with Paxos, a regulated blockchain infrastructure startup, in October 2022.