Oanda Wins Best FX Broker at the First Forex Magnates Awards in London

London: 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 Magnates is pleased to announce that Oanda has been awarded the Best FX Broker at the prestigious Forex Magnates Awards which took place in the world’s financial capital on the 14th of November 2012 at the Grange Hotel in St Paul’s.

The awards took place at the inaugural Forex Magnates Summit which was attended by over 500 influential players in the FX and derivatives trading space. The one day event commenced with the New Financial Trends Panel and panellists included CEO’s of the world’s largest financial and technology firms. The event was the first of its kind as senior members of the retail and institutional FX markets were brought together under one roof.

Courtney Gibson, Vice President of Trading at OANDA received the award from Michael Greenberg Founder and CEO of Forex Magnates.

Oanda’s Vice President of Trading, Courtney Gibson spoke about the awards, he says; “We are thrilled to be recognised by our industry partners for our forex technology leadership and our reputation for excellence in client service. OANDA was an early innovator in the forex space and helped open the market to retail clients with one of the first fully automated Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term platforms”.

He continues “Now we see a growing shift away from the desktop and professional trading terminals, where foreign exchange trading has traditionally been rooted. One of the major drivers in the forex space over the coming years will be keeping pace with consumers' increasingly sophisticated use of technology, and finding solutions that enable clients to trade when they want, where they want, and how they want.”

About Forex Magnates

Forex Magnates is a specialized forex news source and trading research firm.

News source: Forex Magnates has been on the forefront of forex breaking news publishing since early 2009. Forex Magnates is the go to source for most of the retail and institutional forex industry leaders and market participants who would like to see the latest breaking news and receive an in-depth analysis of latest events.

Quarterly report: Since Q1 2011 Forex Magnates publishes a quarterly retail forex report over-viewing latest market trends, trading volumes and developments in various regions. The quarterly report is used by hundreds of forex brokers, banks, investment firms and others to gather the most accurate overview of the otherwise little researched industry.

Research: Forex Magnates performs specialized ad-hoc research as required by clients in various branches of the financial industry. Forex Magnates utilizes its network of hundreds of market participants to conduct the most thorough and detailed reports possible. Lately the Forex Magnates Research team has performed various research reports from detailed mapping of the forex market in little known regions through overview of the latest financial technology trends and available options to global CFD market overview and forecast.