OANDA launches CFDs on UK and US stocks for retail clients in emerging markets
“Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward as well as upward, allowing traders to take positions even when volatility is high.”
OANDA has expanded its contracts-for-difference offering in its Global Markets division by adding share CFDs on US and UK listed equities, the multi-asset brokerage firm announced.
Under the launch, OANDA clients in emerging markets can now trade share CFDs on the broker’s trading platform alongside CFDs on a wide range of asset classes, such as indices, forex, commodities, metals, and bonds.
OANDA’s CFD offering already covers European stocks
The FX and CFD broker already offers share CFDs on European equities, but the latest addition increases the trading options available to clients, who can now use CFDs to seek exposure to popular US and UK stocks.
The product offering expansion is part of OANDA’s efforts of allowing retail traders to trade CFDs on individual company shares, such as BP and Vodafone in the UK, and Tesla, Amazon, and Apple in the US.
Phil Waters, Head of APAC & Emerging Markets, said: “Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward as well as upward, allowing traders to take positions even when volatility is high. Enabling clients to build leveraged exposure to the most popular listed corporations, including many familiar US companies across a variety of sectors, provides them with valuable diversification opportunities.”
Founded in 1996, OANDA provides online multi-asset trading, currency data and analytics to retail and corporate clients around the globe, providing exposure to global market indices, commodities, treasuries, precious metals, and currencies.
OANDA’s EU-based operations now run from Warsaw, Poland
The FX brokerage firm has recently announced new operations in Europe under one regulated entity, registered in Warsaw, Poland. OANDA’s EU-based operations are now run from Warsaw, Poland, under the financial regulatory authority of KNF, the Polish Financial Supervision Authority (PFSA).
The broker has set the date for the planned closure of its operations under the Maltese license, which operates under the brand name OANDA Europe Markets Ltd (“OEML”), on 17 March 2023. OEML’s clients will be transferred to OANDA TMS, which is supervised by the Polish Financial Supervision Authority.
In 2020, OANDA acquired the Polish broker Dom Maklerski TMS Brokers SA, aka TMS Brokers, to grow across the Baltic countries. Established in 1997, TMS was the oldest and second-largest local Polish brokerage and is regulated under the KNF, giving the business access to markets in the European Union.
OANDA set up its shop in Malta three years ago when it was ratcheting up its preparation for Britain’s exit from the Europe Union. The multi-regulated broker secured the regulatory approvals for its European subsidiary in Malta. At the time, OANDA has given clients of its UK entity, OANDA Europe Limited (OEL), the option to be moved to its Maltese subsidiary or opt-out and continue staying with the FCA-regulated firm.
