LONDON, March 24, 2014 /PRNewswire/ --
OANDA provides customers the integrated power of its world-class fxTrade platform with the expertise of Currensee's copy-trading engine
OANDA, a global provider of innovative foreign exchange trading services, is pleased to announce the launch of its copy-trading investment service, the OANDA Trade Leaders Program. Following the acquisition of Boston-based Currensee Global Inc., the OANDA Trade Leaders Program integrates the strength of the two engineering powerhouses.
Copy trading, the method by which traders mirror the trading behavior of experienced forex investors from around the world, is an alternative forex investment product. It provides those investors with little or no forex experience access to the most liquid market in the world; and also enables individual retail forex traders to diversify from their own self-trading.
"With the launch of the OANDA Trade Leaders Program, the future of investing through copy trading is here. Leveraging our Java Application Program Interface (API), this direct platform integration allows us to provide copy traders with lower latency and greater stability and security," said Vatsa Narasimha, Chief Strategy Officer and Executive Vice President, OANDA Corporation. "We will continue to innovate on this offering, including adding additional trading instruments such as precious metals; our offer will be unparalleled in the forex industry."
The process through which professional Trade Leaders become a part of the platform is rigorous and includes regulatory and background checks, as well as ensuring Trade Leaders have a minimum of six months of consistent, positive, risk-adjusted performance.
"Disciplined risk management and following Technicals and Fundamentals are important in building a successful forex trading strategy. With the OANDA Trade Leaders program, we are now offering investors the opportunity to take advantage of professional traders who are experts in these areas and have demonstrated consistent performance in the market," said Ed Eger, President and CEO, OANDA Corporation. "The OANDA Trade Leaders Program provides investors with the most transparent access to the forex market and a modern way to diversify their portfolios."
The OANDA Trade Leaders Program is currently available in the United States, Europe, The Middle East and Africa (EMEA). OANDA continues to work with regulatory authorities in all of its jurisdictions to introduce this compelling program to its clients around the world.
For information about the OANDA Trade Leaders Program, please visit http://fxtrade.oanda.com/trade-forex/trade-leaders/. Follow us on Twitter, Facebook or YouTube.
OANDA Corporation transformed the business of foreign exchange through an innovative approach to forex trading. The company's industry leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company's many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honored with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each the U.S., UK, and Asia Pacific markets.
OANDA was the first online provider of comprehensive currency exchange information, and today the company's OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has seven offices worldwide in Chicago, New York, Boston, London, Singapore, Tokyo, and Toronto. OANDA is regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).
OANDA Europe Limited is a company registered in England number 7110087 limited by shares with its registered office at 25 Watling Street, London, EC4M 9BR and is authorised and regulated by the Financial Conduct Authority, No: 542574.
Leveraged trading in Foreign Currency Contracts, precious metals, and CFDs may not be suitable for everybody as they are high-risk products. We advise you to consider whether trading is appropriate for you in light of your experience, objectives, financial resources, risk tolerance and other relevant circumstances. Since you could lose some or all of your deposited funds, you should ensure you fully understand all of the risks. More details can be found at: http://fxtrade.oanda.co.uk/legal/risk-warning.