Business Daily Media

OANDA launches Pro Trading account with 100:1 leverage

  • Written by PR Newswire

SYDNEY, Jan. 26, 2021 /PRNewswire/ -- A global leader in online multi-asset trading services, OANDA[1] has introduced a new Professional Trading account in Australia that enables clients to trade forex and CFDs with higher leverage ratios, margin relief and volume rebates. The OANDA Professional Trading account[2] is open only to long-term traders with a proven knowledge of the markets and the inherent risks.

Anthony Griffin, Managing Director of the firm's Australian operation explained, "We're delighted to introduce our new Professional Trading account, which will allow experienced clients to access a range of features including 100:1 leverage, margin relief when they place a guaranteed stop-loss order, and attractive volume rebates. However, this account is not for everyone. Traders must meet stringent criteria in order to qualify as a wholesale client or sophisticated investor before they can upgrade to the Professional Trading account."

Griffin continued, "Over the course of our 25-year history, OANDA has earned a reputation for combining cutting-edge trading technology and institutional-grade execution, continuously striving to introduce new products that meet the ever-changing needs of traders. We believe our new Professional Trading account clearly demonstrates the firm's ongoing commitment to helping our clients become successful self-directed traders while also ensuring we continue to meet our regulatory responsibilities."

Governed by the Corporations Act, wholesale client status is determined on financial qualifiers, financial literacy and product knowledge, while sophisticated investor status is determined on trading history, market experience and product knowledge.

Clients should also note, by upgrading to a Pro Trading account, they agree to waive certain protections. For more information about OANDA's Professional Trading account, please click here[3].

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the group provides online multi-asset trading, currency data and analytics to retail and corporate clients, demonstrating an unrivalled expertise in foreign exchange. With regulated entities in eight of the world's most active financial markets, OANDA remains dedicated to transforming the business of foreign exchange. For more information, please visit oanda.com[4] or follow us on Twitter[5], Facebook[6] or YouTube[7].

References

  1. ^ OANDA (www.oanda.com)
  2. ^ OANDA Professional Trading account (www.oanda.com)
  3. ^ click here (www.oanda.com)
  4. ^ oanda.com (www.oanda.com)
  5. ^ Twitter (twitter.com)
  6. ^ Facebook (www.facebook.com)
  7. ^ YouTube (www.youtube.com)

Read more https://www.prnasia.com/story/archive/3257134_AE57134_0

Business Reports

EOFY explainer: Everything your business needs to know about the instant asset write-off

Australia has long been renowned as a rich and vibrant small business nation, where entrepreneurialism is encouraged and celebrated. It has, however, been a challenging period for small business owners, and the transition from o...

Brand Expert Shines in Business Awards

Sydney multipreneur Zahrina Robertson, who is known for producing world-class visual assets, has been named a finalist in the North Shore Local Business Awards. The founder of Zahrina Photography & Video[zahrinaphotograph...

New Image acquires Nutrimetics from Tupperware Brands

New Image Group has acquired skincare and cosmetics brand Nutrimetics from Tupperware Brands Corporation (NYSE: TUP) for an undisclosed sum. Nutrimetics is a natural fit with New Image’s portfolio of health and nutrition prod...

Save, spend or invest? New offering allows Aussies to maximise their savings

With the turn of a new financial year, Australians are at a loss of how to make the most of their tax refunds this year with rising costs of living and low return on savings. The Australian Investor Sentiment Report 2022 reve...

Commercial Painting Revitalised Shop Fronts and The Economy – Why Did the Funding Dry Up?

State governments provided retailers with grants to revitalise their shop fronts in a bid to help the ailing industry. The $2000 - $10000 grant aims to ‘add a lick of paint” and some street appeal to retail outlets not onl...

How to Succeed as a Call Center

If you aspire to build a productive and prosperous call center, you need to begin from the zenith or top. After all, your workforce won’t be able to create a positive experience for your customers if they’re not managed pr...

Web Busters - Break into local search

WebBusters.com.au