OANDA Officially Opens Its Australian Office, Targets Doubling of Market Share in 2014

One of the top global providers foreign exchange trading services, OANDA, has just unveiled in a press release that it will be officially opening the doors of its Sydney offices today. After the vast expansion in recent years to the Asia- Pacific region and getting ASIC regulatory approval for its OANDA Australia Pty Ltd. unit back in 2011, the company is reiterating its commitment to be a big player in a competitive marketplace which has already grown substantially in recent years.

The managing director of the company’s Australian office, Louis Cooper, has stated in the press release that OANDA has several thousand active accounts in Australia and the firm has set an ambitious goal of doubling its market share in 2014. Mr. Cooper comes with an array of experience, after serving as Managing Director for Australia and New Zealand at CMC Markets.

Considering the vastly populated Australian 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 and CFD brokers space with solidly established local players and newcomers such as Plus500, which has already been very successful in its client acquisition efforts and has somehow managed to consistently increase its revenues per user metrics, OANDA is in for a difficult task. That said, current information about their market share in Australia is scarce and that is crucial in determining how ambitious the firm’s goals are.

Mr. Cooper stated, “The fact we already have a significant client base in Australia and New Zealand is a testament to the attractiveness of our offering. We are working to discover new and better ways 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 our technology for the benefit of our clients. We’ve arrived in Australia to empower traders and help them to become better manage their trading strategies over the long term.”