Forex broker from the US, OANDA, has officially announced its newest signal copy service. After integrating technology, the signal copy service is named the OANDA Trade Leaders Program (OTLP). This service announcement was followed by other good news.
First, OANDA brokerage based in Canada acquired Currensee in September 2013. Currensee is a trading social network. Thus, it is hoped that the OTLP will also benefit OANDA clients in Canada. In addition, it was also announced that this OTLP service will not only be available in the US, Europe, and the Middle East. Clients worldwide will be able to enjoy the facilities of this broker, which is known to have bagged this regulation.
The advantages offered by the OTLP include consistent, convincing performance and risk adjustments; prudent risk management with acceptable drawdown levels and leverage; there is a history that records trading disciplines and strategies.
The downside to the OTLP may be the cost. Because the initial deposit charged to retail traders is quite high, namely $ 2,500. In addition, some leaders require even more expensive fees to copy their signals. However, the price will be commensurate with the quality. Even beginners in forex trading can trade with high-quality signals if you use this service.