OANDA Securities will introduce passkey authentication for client logins this month, as part of efforts to strengthen account security and comply with updated Japanese regulatory guidelines. The rollout comes as financial firms face rising cases of phishing and unauthorized account access.
Rollout Across Trading Services
According to Wednesday’s announcement, the new authentication method will apply to OANDA’s My Page, FxTrade, and TradingView platforms. Clients will log in using biometric verification such as fingerprint or facial recognition, or a device-based PIN, instead of traditional passwords.
OANDA said it will make passkey setup optional at launch. However, the company plans to require all users to adopt the method at a later stage. It will notify clients separately once it sets a timeline for mandatory use.
Keep reading: OANDA Japan Confirms End of Web-Based MetaTrader Services
The update follows changes introduced by Japan’s Financial Services Agency, which revised its guidelines on preventing unauthorized access in October 2025.
OANDA linked the move to the growing number of phishing attacks and credential-based breaches. Passkeys do not rely on stored or transmitted passwords, which reduces exposure to data leaks and account takeovers.
The company also highlighted usability benefits. Clients will no longer need to manage passwords or enter one-time codes during login, which can simplify access to trading accounts.
To use passkeys, clients must have compatible devices and software. Supported environments include Windows 11, macOS 13, iOS 16, and Android 11 or later, along with updated versions of Chrome, Edge, or Safari.
Focus on Security and Simplicity
OANDA also outlined additional security measures for MetaTrader users. It plans to introduce mandatory multi-factor authentication for MT5 around fall 2026 using enhanced verification methods. MT4 users on Tokyo servers can already enable two-factor authentication via one-time passwords.
The new step follows recent changes by OANDA Japan to scale back support for legacy trading infrastructure, including the shutdown of itsweb-based MetaTrader services. The broker confirmed it will discontinue browser access to both MT4 and MT5 at the end of May, requiring clients to use desktop installations or mobile apps instead.
The decision forms part of a broader transition away from MT4, which OANDA Japan plans to fully retire in November. The company cited cybersecurity risks and the lack of ongoing maintenance from MetaQuotes as key reasons, noting that the platform no longer meets current security standards.
This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More
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