OANDA is a long-standing leader in multi-asset retail trading markets. On Monday, the brokerage launched its new Global Markets division featuring CFDs offerings extending beyond European equities to include U.S. and U.K. stocks. This exciting development will surely change how investors approach these markets!
The offering allows its customers in emerging markets to trade CFDs on the shares of various companies within different sectors from these countries. It provides a unique portfolio diversification opportunity while opening up further client trading options.
OANDA has achieved its objective of permitting retail traders to trade CFDs on prominent firms like B.P. and Vodafone in the U.K., along with Tesla, Amazon, and Apple in the U.S. This accomplishment was announced through a statement from OANDA.
Phil Waters, Head of Asia Pacific and Emerging Markets at OANDA, noted that the global interest in CFDs had rapidly increased. They offered traders a way to gain from price alterations without owning the underlying asset. CFDs can be used when volatility is high due to their ability to give exposure during markets trending upwards and downwards.
OANDA seeks expansion in the EU
OANDA is a leader in the forex and CFDs trading industry. It has established its business across six major jurisdictions since 1996: The United States, Canada, Japan, Australia, Singapore, and the United Kingdom – with licenses awarded to operate by these countries.
Recently, OANDA relocated their European operations to Poland following their announcement of exiting Malta one month prior. This move follows the broker’s acquisition of Dom Maklerski TMS Brokers S.A. It’s the oldest and second-largest Polish brokerage firm, completed in March 2021. With this strategic relocation comes a promising future for OANDA that will undoubtedly bring success for both sides involved!
To streamline its European operations, the broker is now merging with TMS under its new name – OANDA TMS. Poland’s Financial Supervision Authority will govern all activities of this entity.
Marcin Niewiadomski, OANDA’s Head of Europe, expressed his enthusiasm for this exciting new chapter and growth opportunity. He further highlighted the importance of providing clients with superior service by explaining their decision to base operations in Poland. The move would enable them to build the OANDA brand on their strengths in Trade Management Software (TMS).
OANDA launched crypto trading for U.S. customers last October through itBit Exchange on their mobile app to further establish itself in the digital asset economy. To commemorate this accomplishment, they unveiled a fresh new identity. With this move and beyond CFDs, OANDA is poised to become an industry leader.