Australia

OANDA launches in Australia

OANDA, a provider of foreign exchange trading services, has opened an office in Australia.

The launch in Australia is part of OANDA’s overall growth strategy in Asia Pacific – a market that represented 24 per cent of the company’s global growth in 2013.
 
“OANDA has a strong legacy of innovation and we’re always looking for ways to disrupt the market,” says Louis Cooper, managing director, OANDA Australia. “We are a technology company at our core; we are always working to discover new and better ways to leverage that technology for the benefit of our clients. We’ve arrived in Australia to empower traders and help them to better manage their trading strategies over the long term.”
 
OANDA already has several thousand active traders in Australia and Cooper intends to double the company’s market share in the CFD and FX sector in 2014.
 
“The fact we already have a significant client base in Australia and New Zealand is a testament to the attractiveness of our offering. As well as being heavily awarded for our service, OANDA has a strong reputation, including some of the lowest latency in the industry, no hidden fees, no trade rejections, and a clean record with all of our regulators around the globe,” says Cooper. “The quality of our pricing and execution, coupled with innovative offerings, such as our OANDA Trade Leaders Programme copy-trading service and our multi asset class execution on MT4, sets us apart from our competitors and helps gives our traders an edge.”

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