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OANDA marks successful first year in Australia

Announcement posted by de2 Communications 18 May 2015

‘Mobile trading platform and low level of leverage attract traders to OANDA’

SYDNEY – May 18, 2015OANDA Australia announces it has generated an impressive growth and managed to gain market share from other FX providers as it marks its first year of operation in the country.

“I’m very proud of what we have accomplished during our first year here in Australia in terms of business growth and market share,” said Louis Cooper, Managing Director of OANDA Australia.  “We now have several thousand active customers and continue to grow both new clients and trading volume” he said.

Cooper said Australia is a mature environment, with many of the other global FX and CFD providers vying for market share. But OANDA was able to win clients away from competitors with its globally recognized trading platform – available in both desktop and mobile environment – and unrivalled trade execution.

Offering one of the lowest level of leverage to traders, OANDA also attracted many traders who prefer a more manageable level of leverage, according to Cooper.

“What we’re finding out, particularly after the Swiss National Bank’s (SNB) decision to uncap the Swiss franc from the euro in January this year, is that some traders prefer a lower level of leverage,” Cooper said. “Clients also feel safer placing their money with OANDA as we fully segregate client funds from our own and do not use client funds for any purpose.”

OANDA offers a maximum of 100:1 leverage, with many clients only using 50:1 and this has been very attractive to many traders who have shifted their trading to OANDA from other providers.

Given the increase in its client numbers, volume and value of trade, OANDA Australia is confident of further growth in the coming years.

“We have the fastest trading execution, we never reject trades, we have top notch mobile trading platform and we have a multi-awarded and dedicated customer support team. All these are proving to be what traders want and at OANDA, that’s what we provide.”

“This is why in our 1st year in Australia we’ve already been awarded for customer service and overall client satisfaction in a recent industry wide Forex survey by Investment Trends” Cooper said.

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OANDA transformed the business of foreign exchange through an innovative approach to forex trading. The company’s industry leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honoured with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each of the U.S., UK, and Asia Pacific markets.

OANDA was also the first online provider of comprehensive currency exchange information, and today the company’s OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.

OANDA has eight offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).