OANDA, an international brokerage firm headquartered in the US and Canada, has recently restructured its pricing model for certain trading instruments. As a result of this restructuring, spreads on a number of World Stock Indexes were cut significantly, including those for the Dow Jones Industrial Average, DAX and FTSE.
If you trade on OANDA on the following Indices, you will enjoy lower spreads:
- NASDAQ Index fell to 0.5 points.
- DJIA fell to 1.6 points.
- DAX 30 is down to 0.9 points.
- The FTSE 100 Index fell to 0.8 points.
- AUS 200 (ASX) fell to 0.8 points.
OANDA's decision regarding the spread change was based on considerations of reducing trading costs borne by traders after several global regulators increased margin requirements. Furthermore, according to Vatsa Narasimha, President and CEO of OANDA Global Corporation, "At OANDA, we take pride in helping our clients become self-directed traders to succeed, whether through upgrading our institutional quality trading platforms, state-of-the-art trading tools, superior charting solutions. , as well as educational materials that have won many awards."
"In our 23-year history, we have worked hard to meet client's needs, who increasingly desire tighter spreads on Indices. Therefore, we are moved to offer tighter spreads during business hours, allowing clients to reduce trading costs on the platform. Our V20, while still benefiting from fully automated execution and transparent pricing."
This broker, founded in 1996, is under the auspices of the leading company OANDA Corporation, headquartered in San Francisco, United States of America. OANDA branch offices are spread all over, including in England, Singapore, Japan, Canada, and others. Trading facilities at OANDA can be enjoyed with an initial deposit starting from just 1 USD, with leverage available up to a maximum of 1:50.