OANDA launches CFDs exposure to leading US and UK stocks

OANDA, one of the leading players in the multi-asset retail trading sector, has expanded its contracts for difference (CFDs) offerings. The brokerage company will now offer CFDs beyond European equities, with the new offerings including some of the leading stocks in the United States and the United Kingdom.

OANDA expands CFD offering

The launch of these CFDs offerings was under the Global Markets division, according to a statement shared by the brokerage company. With this new offering, OANDA clients in emerging markets can trade CFDs on company shares across multiple sectors in the mentioned countries.

The launch will offer the company access to “valuable diversification opportunities.” The customers at this company will be able to have more assets they can add in their bag of investments. The initiative will increase the trading options that are available to clients, which will improve the overall trading experience,

OANDA said it would allow retail traders to trade CFDs targeting individual company shares. Some US and UK stocks available to traders include Vodafone, BP, Amazon, Apple, and Tesla.

The head of Asia Pacific and Emerging Markets at OANDA, Phil Waters, said, “Interest in CFDs has been surging globally as they offer traders and investors the opportunity to profit from price changes without owning the underlying assets. CFDs give exposure to markets that are trending downward and upward, allowing traders to take positions even when volatility is high.”

OANDA is a brokerage company that was launched in 1996. The company has launched a forex and CFDs trading business across multiple jurisdictions. OANDA is licensed in multiple countries, including Australia, Canada, Japan, Singapore, the United States, and the United Kingdom.

OANDA’s expansion into Europe

Last week, OANDA announced it would handle its European operations from Poland. This change came after OANDA acquired TMS Brokers in March 2021. TMS Brokers was one of the largest brokerage firms in Poland.

The brokerage company is using this acquisition deal to consolidate its European operations in Poland. Through this acquisition, OANDA obtained authorization from the Polish Financial Supervision Authority (PFSA) to operate in Poland.

According to the brokerage company, moving its operations to Poland would enable the company to grow in the EU. The Head of Europe for OANDA, Marcin Niewiadomski, said at the time that Poland would allow the company to serve its clients best. The brokerage company operates in Poland under OANDA TMS.

OANDA is also looking t diversify its offerings to emerging technologies. The broker is showing significant interest in the digital asset sector. In October 2022, OANDA launched crypto trading services for US clients. The offering enabled US-based clients to trade cryptocurrencies.

This offering was available through the Paxos itBit exchange launched on the OANDA mobile app. The brokerage firm also rebranded itself as it started offering these services. These offerings could help OANDA emerge as a leading player in the brokerage industry.