OANDA, a provider
of online multi-asset trading services, has broadened its European investment
portfolio by introducing Exchange-Traded Funds (ETFs) for its clients, the
company announced this week.
The new ETF
offering grants OANDA clients across the European Union access to more than 350
ETFs, covering a diverse range of international sectors, commodities, and
indices. According to OANDA, this move is aimed at helping investors diversify
portfolios more efficiently, offering an alternative to purchasing individual
assets or traditional funds.
OANDA’s new
platform set-up offers the first 10 ETF trades each month commission-free, up
to a turnover of 100,000 euros. After this limit is reached, transactions incur
a minimum commission of 0.1% or 1 EUR.
“The
introduction of ETFs to our offering is another step towards providing
investors with a full spectrum of modern and effective tools for building a
diversified portfolio,” said Marcin Niewiadomski, Managing Director for Europe
at OANDA.
“ETFs are
the most popular instrument for passive investing and an alternative, cheaper
solution compared to standard investment funds. This way, we offer our clients
access to global markets in a simple and cost-effective manner.”
OANDA has
introduced its first major product update since its widely publicized
acquisition by proprietary trading firm FTMO nearly three months ago.
Prop Firm Acquires CFD
Broker
In early
February, FinanceMagnates.com reported that CVC Asia Fund IV had agreed to sell
OANDA Global Corporation to the FTMO Group. In 2018, CVC Partners Asia Fund had
acquired a 98.5% stake in OANDA for $160 million, valuing the broker at
approximately $175 million based on the prior year’s $35 million EBITA.
FTMO reported cash holdings of more than CZK 1.94 billion (over $81.5 million) at
the end of 2023, an increase of roughly 275% compared to the previous
year.
The prop
firm has emphasized that OANDA’s proprietary trading brand, OANDA Prop Trader,
will continue to operate independently. This commitment was reinforced by the
launch of its Community + Loyalty Program.
Alongside
its new ETF access, OANDA continues to offer a portfolio of more than 4,000
financial instruments, including single stocks, forex, and a variety of
Contracts for Difference (CFDs). The brokerage also provides trading
opportunities in over 2,200 real stocks. For new clients, OANDA offers an
incentive of up to 7% annualized interest on unused account balances for the
first 90 days following registration, subject to existing terms and conditions.
This article was written by Damian Chmiel at www.financemagnates.com.
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