OANDA Launches CFD Trading to Canadian Clients
We’ve been discussing changes at OANDA this week. Today the broker announced that they are making CFD products available to their Canadian customers. The news follows an announcement late last year that OANDA had increased its CFD products which were available to European customers.
TORONTO, Feb 13, 2013 (BUSINESS WIRE) -- OANDA Canada clients now have the opportunity to invest in a variety of commodity, stock index, and fixed income contracts for difference (CFDs) using the company's award-winning Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real . With the addition of these products, OANDA Canada's retail clients can invest in U.S. debt; commodities such as corn, wheat, and oil; and leading global stock indices. According to Courtney Gibson, Vice-President of Trading at OANDA, clients benefit from access to multiple instruments from one innovative platform. "Our OANDA Canada customers now have access to a great selection of other asset classes, from the same platform they already know and trust for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi ," Gibson said. "Aside from the advantages that CFDs offer as an investment product - the ability to hedge existing positions, or short the market without paying a penalty - clients get the benefit of OANDA's flexible lot sizes, commission-free pricing, and quality of execution." A CFD is a derivative instrument whose price is based on an underlying asset. Neither the trader nor the authorized, regulated dealer owns the underlying financial asset; they only own the speculation contract. CFDs may include equities, commodities, indices, or currencies, and investors can trade them without the need to tie up a large amount of capital to do so. Investing in CFDs carries similar risks to investing in forex. CFDs are often traded on a leveraged basis (like forex) and a small market movement will have a proportionally larger impact on your position (which could result in losses or gains). CFD transactions carry a high degree of risk and are not suitable for all.
We’ve been discussing changes at OANDA this week. Today the broker announced that they are making CFD products available to their Canadian customers. The news follows an announcement late last year that OANDA had increased its CFD products which were available to European customers.
TORONTO, Feb 13, 2013 (BUSINESS WIRE) -- OANDA Canada clients now have the opportunity to invest in a variety of commodity, stock index, and fixed income contracts for difference (CFDs) using the company's award-winning Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real . With the addition of these products, OANDA Canada's retail clients can invest in U.S. debt; commodities such as corn, wheat, and oil; and leading global stock indices. According to Courtney Gibson, Vice-President of Trading at OANDA, clients benefit from access to multiple instruments from one innovative platform. "Our OANDA Canada customers now have access to a great selection of other asset classes, from the same platform they already know and trust for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi ," Gibson said. "Aside from the advantages that CFDs offer as an investment product - the ability to hedge existing positions, or short the market without paying a penalty - clients get the benefit of OANDA's flexible lot sizes, commission-free pricing, and quality of execution." A CFD is a derivative instrument whose price is based on an underlying asset. Neither the trader nor the authorized, regulated dealer owns the underlying financial asset; they only own the speculation contract. CFDs may include equities, commodities, indices, or currencies, and investors can trade them without the need to tie up a large amount of capital to do so. Investing in CFDs carries similar risks to investing in forex. CFDs are often traded on a leveraged basis (like forex) and a small market movement will have a proportionally larger impact on your position (which could result in losses or gains). CFD transactions carry a high degree of risk and are not suitable for all.
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