5/2/2023 0 Comments Ptmc protrader move stopsSimilar minimum capital requirements apply in most jurisdictions, for instance UK-based brokers are obliged to hold at least 730 000 EUR in order to prove their financial stability, and Australian ones must possess a minimum of $ 1 million in order to operate legitimately.Īll OANDA Subsidiaries, including OANDA Asia Pacific Pte. For instance, hedging is not allowed and leverage is limited to 1:50, while European brokers are free to provide leverages up to 1:1000 or even higher than that.īesides, NFA-registered brokers are required to maintain a net capital of at least $20 million to guarantee customers’ positions, which makes them super safe to invest with. Unfortunately, these rules are often limiting from traders’ point of view, but there is no way around them. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association.īrokers that are registered with the NFA are obliged to comply with an extensive set of rules. Its product portfolio includes forex, index, commodity & bond CFDs, as well as precious metals. The broker is a market maker, having one of the largest currency databases in the world. OANDA offers Internet-based forex trading and currency information services to both retail and institutional customers. ALL group companies are duly regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan and Australia. Established back in 1996, It is now a large group with offices in Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney. OANDA is one of the pioneer online forex brokers. However, you need to have at least $1 in your account balance in order to initiate a trade. To make things even better, this broker doesn’t require any minimum deposit, nor minimum trade size. On the one hand, this limits clients’ choice on the other, it means that all account holders are treated equally. There is only one standard type of trading account at OANDA. Diversify! We recommend you to open trading accounts with at least two brokers.
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