OANDA officially relocates EU operations to Warsaw, Poland

abdelaziz Fathi

FX brokerage firm OANDA announced today the launch of new operations in Europe under one regulated entity, namely its business 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.

Marcin Niewiadomski, Head of Europe, commented, “This is an exciting new chapter and a significant growth opportunity for OANDA in the EU. We want to serve the client in the best way possible, so we made the decision to base our operations in Poland. This was a natural choice, as it will enable us to build the OANDA brand on the strengths of OANDA TMS, which the OANDA group acquired in 2021 for its deep product offering and cutting-edge tech stack.”

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.

OANDA is a multi-regulated broker with offices in Toronto, Europe and the Asia Pacific region. The ‎company operates an FX trading platform utilized by a mix of retail and institutional investors. ‎Moreover, it provides currency information services to individuals, large corporations and portfolio ‎managers.‎

Under Bambury’s leadership, the firm has undergone a transformative change in its operational configuration, widening its product offering and increasing its marketing investment in order to drive further growth.

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