The company registered growth in active accounts and trading volumes last year with revenues almost doubling throughout 2015
The UK subsidiary of one of the first retail foreign exchange brokers online, OANDA, has reported its bottom line for 2015 in a filing with the Companies House. The company has booked a loss on its operation in Europe totaling about $2.23 million (£1.54 million) due to the turmoil which the Swiss National Bank (SNB) caused on the foreign exchange market.
OANDA Europe’s bottom line for last year compares with a net loss of £779,000 ($1.12 million at current exchange rates) for the full year 2014. Total revenues for 2015 increased by 84 per cent when compared to 2014, amounting to $13.3 million (£9.18 million). The company has also issued a total of £2.3 million ($3.3 million) of new ordinary share capital to boost its coffers.
The brokerage was one of the companies in the industry that have executed the stop loss orders of its clients in CHF pairs at one of the highest rates in the industry. As a result, despite being a market maker, the company booked a net loss for 2015. Despite this, the prospects for the firm look positive as the company registered an increase in the number of active trading accounts and trading volumes.
Trading volumes have increased by 8 per cent to $154.7 billion, while the amount of active trading accounts has increased by 7 per cent to 9,739.
Throughout 2015 OANDA Europe continued its policy of additional investment in marketing and sales, which according to its annual report is the primary driver for the increase in key metrics. In addition the company states that OANDA Europe has marked an increase in license fees related to the use of OANDA Corporation’s Trading Platform.
New Trading Platform and Key Markets Targeting
OANDA intends to launch the next generation of its trading platform in the second quarter of 2016, aiming to revamp its solution and gain Leverage to attract more clients. The firm stated that it will remain focused on its key markets in Europe and in the Middle East via targeted PR, advertising and other promotional activities.
The European operation of OANDA is also aiming to increase its market share in the UK by the end of the year by between 2 and 5 per cent.
Recently, the company revamped its mobile trading solution and is the first retail brokerage to introduce support for the new 3D Touch interface found on the latest generation devices of Apple Inc - the iPhone 6s and the iPhone 6s Plus.
The UK subsidiary of one of the first retail foreign exchange brokers online, OANDA, has reported its bottom line for 2015 in a filing with the Companies House. The company has booked a loss on its operation in Europe totaling about $2.23 million (£1.54 million) due to the turmoil which the Swiss National Bank (SNB) caused on the foreign exchange market.
OANDA Europe’s bottom line for last year compares with a net loss of £779,000 ($1.12 million at current exchange rates) for the full year 2014. Total revenues for 2015 increased by 84 per cent when compared to 2014, amounting to $13.3 million (£9.18 million). The company has also issued a total of £2.3 million ($3.3 million) of new ordinary share capital to boost its coffers.
The brokerage was one of the companies in the industry that have executed the stop loss orders of its clients in CHF pairs at one of the highest rates in the industry. As a result, despite being a market maker, the company booked a net loss for 2015. Despite this, the prospects for the firm look positive as the company registered an increase in the number of active trading accounts and trading volumes.
Trading volumes have increased by 8 per cent to $154.7 billion, while the amount of active trading accounts has increased by 7 per cent to 9,739.
Throughout 2015 OANDA Europe continued its policy of additional investment in marketing and sales, which according to its annual report is the primary driver for the increase in key metrics. In addition the company states that OANDA Europe has marked an increase in license fees related to the use of OANDA Corporation’s Trading Platform.
New Trading Platform and Key Markets Targeting
OANDA intends to launch the next generation of its trading platform in the second quarter of 2016, aiming to revamp its solution and gain Leverage to attract more clients. The firm stated that it will remain focused on its key markets in Europe and in the Middle East via targeted PR, advertising and other promotional activities.
The European operation of OANDA is also aiming to increase its market share in the UK by the end of the year by between 2 and 5 per cent.
Recently, the company revamped its mobile trading solution and is the first retail brokerage to introduce support for the new 3D Touch interface found on the latest generation devices of Apple Inc - the iPhone 6s and the iPhone 6s Plus.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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