LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
OANDA Australia announces it has generated company growth and gained market share from other FX providers in the coveted Australasia region as it marks its first year of operation in the country with it’s Sydney based office.
Louis Cooper, Managing Directory of OANDA Australia“I’m very proud of what we have accomplished during our first year here in Australia in terms of business growth and market share,” said Louis Cooper, Managing Director of OANDA Australia. “We now have several thousand active customers and continue to grow both new clients and trading volume” he said.
Cooper said Australia is a mature environment, with many of the other global FX and CFD providers vying for market share. But OANDA was able to win clients away from competitors with its globally recognized trading platform – available in both desktop and mobile environment.
Offering conservative levels of leverage to traders, OANDA also attracted many traders who prefer a more manageable level of risk, according to Cooper.
“What we’re finding out, particularly after the Swiss National Bank’s (SNB) decision to uncap the Swiss franc from the euro in January this year, is that some traders prefer a lower level of leverage,” Cooper said. “Clients also feel safer placing their money with OANDA as we fully segregate client funds from our own and do not use client funds for any purpose.”
OANDA offers a maximum of 100:1 leverage, with many clients only using 50:1 and this has been very attractive to many traders who have shifted their trading to OANDA from other providers.
“We have the fastest trading execution, we never reject trades, we have top notch mobile trading platform and we have a multi-awarded and dedicated customer support team. All these are proving to be what traders want and at OANDA, that’s what we provide.”
“This is why in our 1st year in Australia we’ve already been awarded for customer service and overall client satisfaction in a recent industry wide Forex survey by Investment Trends” Cooper said.