OANDA Launches Spreadbetting as Its EMEA and UK Business Grows
- Adding a popular service for its UK clients, OANDA is launching spreadbetting accounts for forex and CFD trading today.
When OANDA hired Daniel Skowronski in May 2014 as a Managing Director to head its London office, among his tasks was expanding the broker’s exposure in and around the UK and Europe. In that regard, OANDA has launched a key product with the aim of providing greater inroads within the UK retail 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 Read this Term and trading market.
Getting launched today is spreadbetting for its UK and Republic and Ireland clients. Initially available to existing customers, the product is expected to have a further rollout on September 1st. According to OANDA, the new spreadbetting accounts will be available on its proprietary fxTrade platform and MetaTrader 4, for both forex and CFD trading.
Similar to regular forex and CFD trading accounts, within the UK market, spreadbetting provides tax advantages for profitable traders. As such, offering the product can provide a marketing advantage within the country, with the major UK trading providers such as IG, CMC and City Index all providing spreadbetting accounts.
Commenting on the launch, Daniel Skowronski, Managing Director and CEO of EMEA and Americas at OANDA stated, “The growth of our EMEA business has been based on providing one of the most competitive products and platforms for our clients within their geographical locations. For us, product development and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term go hand in hand. Today, we are enabling our clients to benefit from the advantages spread betting offers in conjunction with an increase in leverage of 100:1 across all major currency pairs. This combined with our ongoing education and risk management courses to our clients, encourages appropriate use of our services.”
When OANDA hired Daniel Skowronski in May 2014 as a Managing Director to head its London office, among his tasks was expanding the broker’s exposure in and around the UK and Europe. In that regard, OANDA has launched a key product with the aim of providing greater inroads within the UK retail 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 Read this Term and trading market.
Getting launched today is spreadbetting for its UK and Republic and Ireland clients. Initially available to existing customers, the product is expected to have a further rollout on September 1st. According to OANDA, the new spreadbetting accounts will be available on its proprietary fxTrade platform and MetaTrader 4, for both forex and CFD trading.
Similar to regular forex and CFD trading accounts, within the UK market, spreadbetting provides tax advantages for profitable traders. As such, offering the product can provide a marketing advantage within the country, with the major UK trading providers such as IG, CMC and City Index all providing spreadbetting accounts.
Commenting on the launch, Daniel Skowronski, Managing Director and CEO of EMEA and Americas at OANDA stated, “The growth of our EMEA business has been based on providing one of the most competitive products and platforms for our clients within their geographical locations. For us, product development and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term go hand in hand. Today, we are enabling our clients to benefit from the advantages spread betting offers in conjunction with an increase in leverage of 100:1 across all major currency pairs. This combined with our ongoing education and risk management courses to our clients, encourages appropriate use of our services.”