OANDA discloses alterations to its retail trading activities in Europe
Online trading firm Oanda, today disclosed a strategic shift in its retail trading activities in Europe.
OANDA intends to leave Malta, streamline its business in Europe under one regulated corporation, and transfer its operations to OANDA TMS Brokers S.A., a Warsaw, Poland-based company (OANDA TMS). OANDA TMS is a fully owned subsidiary of the OANDA Group, is subject to regulation by the Polish Financial Supervision Authority, and is a member of the Investor Compensation Scheme run by the National Depository for Securities S.A. (KDPW).
OANDA Europe Markets Ltd. (OEML) will stop offering the services currently offered in accordance with OANDA Europe Markets Limited Retail and Professional Clients Terms of Business as of March 17, 2023 due to the scheduled termination of OANDA’s activities under Maltese licence (ToB).
Active traders in Europe will have access to the expanded TMS product offering, which includes a greater selection of asset classes and a cutting-edge platform linked with MT5. This reorganisation underscores OANDA’s emphasis on facilitating smarter trading for clients.
The business said:
“At OANDA, we are committed to providing the highest quality pricing, execution, and service to our clients, and we will make every effort to ensure that any changes in our operations are implemented in the least disruptive way possible for our clients. All clients have been informed of their options regarding their existing trading accounts with OEML.
This change in our operations will shape the firm’s strategy by building the OANDA brand on the foundations of TMS’ multi-asset offering and cutting-edge tech stack to accelerate business growth and better support clients across Europe”.
You can read more about the broker in our Oanda Review.
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