Forex Brokers Review Platform Plans as MetaTrader Access Tightens

Forex brokers are reassessing their dependence on MT4 and MT5 after new licence applications linked to the Union of the Comoros were restricted in early 2026.

Industry coverage published in March said MetaQuotes had stopped accepting new applications from brokers registered through authorities in Mohéli and Anjouan. Existing licences were not described as being cancelled, and MetaQuotes has not issued a detailed public statement on the change.

The measure therefore affects new access to MetaTrader rather than representing a general withdrawal of MT4 or MT5 from offshore brokers.

Contents

01

Comoros Route Becomes Less Accessible

02

Ageing MT4 Infrastructure Adds Pressure

03

Migration Affects More Than the Trading Screen

04

Traders Should Check the Entity Behind the New Account

05

About WikiFX

Comoros Route Becomes Less Accessible

Registrations linked to Mohéli and Anjouan had become increasingly common among offshore brokers and proprietary trading firms seeking direct access to trading technology at a lower regulatory cost.

The restriction means new applicants using these structures may need to establish an entity in another jurisdiction or rely on a third-party platform arrangement.

It also continues a pattern seen since 2024, when a number of proprietary trading businesses lost access to MetaTrader through offshore brokers and white-label providers. Many responded by adding other platforms or restructuring their brokerage operations.

Ageing MT4 Infrastructure Adds Pressure

Licence access is only one part of the shift.

A regulated broker in Japan has confirmed that it will end MT4 services in November 2026. Its notice stated that the older platform is no longer covered by the same maintenance arrangements and is becoming harder to operate under current cybersecurity requirements.

The announcement applies to that broker rather than the global MT4 network. However, it reflects the growing technical burden associated with older servers, security updates and third-party infrastructure.

MT5 remains widely used, but some firms are now preparing secondary platforms instead of depending on a single system.

Migration Affects More Than the Trading Screen

Moving clients to another platform requires changes across the brokers infrastructure.

Liquidity connections, risk controls, payment systems and customer databases may need to be reconfigured. Client balances, open positions and historical records must also be checked before the transfer is completed.

Automated trading programs and custom indicators built for MT4 or MT5 may not work on another platform without modification. For this reason, some brokers operate both systems during the transition rather than moving every account at once.

Poorly managed migrations can lead to delayed access, incomplete records or confusion over trading conditions. These risks depend on how the transfer is handled, not simply on which platform replaces MT4 or MT5.

Traders Should Check the Entity Behind the New Account

A platform change does not automatically alter a brokers regulatory status.

The main issue is whether clients are being moved to another legal entity, jurisdiction or account agreement. A new entity may operate under a different licence and apply different rules to client funds, leverage, withdrawals and dispute handling.

Before continuing on a replacement platform, traders should confirm which company holds the account and whether existing balances, open trades and withdrawal arrangements remain unchanged.

The current shift points to tighter access to some MetaTrader licensing routes and a gradual move toward more diversified trading infrastructure. It does not indicate a blanket removal of offshore brokers from MT4 or MT5.

About WikiFX

WikiFX is a global forex broker information and verification platform. It provides regulatory information, broker background checks, risk alerts and user exposure records to help traders review broker licences, operating entities and potential risks before making financial decisions.