OANDA attains FSA registration

OANDA, the largest North American broker in terms of accounts, has recently achieved an FSA license.

FSA licensing process is a very lenghty and costly procedure and OANDA probably initiated it well over a year ago - prior to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term restriction rules and Dodd-Frank reform which required all US brokers to repatriate US accounts back home. OANDA is the latest major US Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker to attain FSA registration which is considered one of the best and fairest in this part of the world - US rules are very restrictive and capital intensive, so are Swiss ones, and FSA stands out in the current strict forex regulatory climate as the most balanced regulator.

FSA registration will allow OANDA to offer more flexible conditions to its European clients. OANDA received permissions to act both as a market maker (dealing in investments as principal) and as a broker/STP (arranging deals in investments) - which are the typical permissions for a retail forex broker. Dr. Antony James Broadbent, a Managing Director Europe for OANDA, is heading the office, with Michael Stumm and Index Ventures representative being the other two directors.

In addition to UK's FSA license OANDA is currently registered with NFA/CFTC in the US, Monetary Authority of Singapore, Dubai Financial Services Authority (authorised to deal with professional clients only) and Canadian IIROC.

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