OANDA ramps up its CFDs offering with addition of US and UK stocks
FX brokerage firm OANDA is looking to diversify its suite of tradable assets by adding new CFDs on single US and UK stocks, which marks yet another stage of its decisive move into the surging arena.
The brokerage firm already allows its clients to trade CFDs on European blue-chip stocks. They can now also profit from trading CFDs with US and UK listed equities as underlying assets on its Global Markets division.
The multi-asset platform broadens its product line as clients’ desire to garner exposure to stock markets has been increasing. The inclusion of single stock CFDs not only helps expand trading capabilities for its existing clientele but also attracts more traders that are looking to diversify their trading options.
The case for adding more assets has been growing in recent years as the company’s clients from certain regions, including fund managers, hedge funds, and commodity trading advisors, are keen to actively trade local stocks.
Commenting on this development, 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.”
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.
OANDA made headlines last week with the launch of new operations in Europe under one regulated entity. The company’s EU-based operations are now run from Warsaw, Poland, under the financial regulatory authority of KNF, the Polish Financial Supervision Authority (PFSA).
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.
