OANDA News: Latest Announcements & Top Stories

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OANDA is one of the early pioneers of online forex brokers, established in the mid-1990s. The company is said to be founded by Dr. Michael Stumm and Dr. Richard Olsen. When the online trading platform FXTrade was launched in 2001, it was the first fully automated forex trading platform.

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OANDA Japan has announced an increase in marginal rates on certain FX pairs

OANDA Japan has announced an increase in margin rates for certain forex pairs, effective August 19, 2024, in response to heightened market volatility. The affected pairs include the Japanese yen (JPY), Canadian dollar (CAD), New Zealand dollar ... [show/hide]

(NZD), and Mexican peso (MXN). These adjustments aim to protect clients from potential losses due to market instability, particularly as the yen faces volatility amid Japan's monetary policy challenges. OANDA advises traders to reduce their positions or ensure sufficient account funds ahead of the changes, as orders may hit stop-loss thresholds due to the new margin rates. The higher rates will require traders to deposit more funds to maintain positions, reducing leverage but also mitigating risks during market swings.

Tuesday 13 August, 2024

OANDA’s Prop Trading Platform Allows Buying Challenges with Crypto

OANDA’s proprietary trading platform, OANDA Prop Trader, has introduced cryptocurrency payments for its trading challenges. Traders can now use about two dozen cryptocurrencies, including major ones like Bitcoin, Ethereum, Litecoin, Binance Coin, and stablecoins such as TUSD, USDC, and USDT. Additionally, meme coins like DOGE and SHIB are accepted. Lucian Laureman, Head of Digital Assets and Deputy COO at OANDA, stated, “We're adding crypto as a ... [show/hide]

payment method in response to rising global demand. This move opens new doors for tech-driven consumers who want to leverage the digital economy in prop trading.”

Tuesday 16 July, 2024

OANDA put up for sale by CVC Capital

OANDA, a significant player in the forex and CFDs brokerage industry, is reportedly up for sale. The Amsterdam-listed buyout firm CVC Capital Partners, which acquired OANDA in 2018, has hired bankers at Nomura and Santander to market the sale, ... [show/hide]

according to Sky News. While official updates are pending, the deal's terms and financial details remain undisclosed.

Monday 15 July, 2024

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