TeleTrade to delist OMG/USD trading pair on February 1
TeleTrade urges traders to review their portfolios
TeleTrade, a global brokerage firm specializing in Forex, indices, stocks, metals, cryptocurrencies, and energy trading, has announced the delisting of the OMG/USD trading instrument.
This change, set to take effect on February 1, 2025, is the result of a decision by the company’s liquidity provider to discontinue support for this asset, according to the broker’s official website.
Final trading session for OMG/USD
Traders holding open positions in OMG/USD are advised to take immediate action. TeleTrade has urged its clients to close all active positions and cancel any pending orders for the instrument before the end of the trading session on January 31, 2025.
According to the official announcement, any remaining open positions in OMG/USD after the session closes will be forcibly liquidated, and all pending orders will be automatically removed from the system.
Impact on MT4 and MT5 platforms
Starting February 1, 2025, OMG/USD trading will be fully unavailable on all MetaTrader 4 (MT4) and MetaTrader 5 (MT5) servers. This means traders will no longer be able to open new trades, manage existing positions, or place orders for this asset.
TeleTrade emphasizes the importance of this update for traders actively managing their strategies. The company recommends that clients review their trading portfolios and make the necessary adjustments before the trading window closes.
Market response and future trading outlook
The OMG/USD trading pair, representing the OmiseGO (OMG) cryptocurrency against the U.S. dollar, has shown unstable liquidity levels in recent months. The decision to delist the asset may be linked to changing market dynamics and declining demand from institutional participants.
While TeleTrade has not confirmed whether alternative trading pairs will be introduced as replacements for OMG/USD, the company reaffirmed its commitment to offering a diverse range of trading instruments across multiple asset classes.
For traders affected by this delisting, TeleTrade’s support team is available to provide assistance and address any questions regarding the upcoming changes. The broker encourages clients to review their trading accounts in advance and adjust their positions accordingly to avoid unexpected closures or disruptions in trading.
