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OANDA Corporation was co-founded in New York in 1996 by Dr. Michael Stumm and Dr. Richard Olsen, a computer scientist and economist, respectively. These gentlemen had the foresight to realize the Internet and its worldwide web combined with ongoing computer technology would eventually provide access to a plethora of data and financial trading markets to everyone around the world. Following their beliefs, they formed a team of qualified individuals that built the brokerage into a leading international financial corporation that serves clients in over 190 countries, with satellite offices located in cities considered major financial centers around the world.
This pioneering firm was the first to offer foreign currency exchange data over the Internet in 1996, which led to the development of the first online Internet currency trading platform in 2001. The helpful OANDA Currency Con
The OANDA forex broker serves clients in United States, Canada, Europe, Germany, UK, Singapore, Japan, Australia and Asia. In addition to over 60 major, minor and exotic currency pairs offered by the OANDA fxTrade platform, the firm also offers 30 Contracts For Difference (CFDs) in stock indices, bonds, commodities, metals and gold.
Leveraged trading of forex assets and CFDs carries a high level of risk and financial spread betting is only available to OANDA Europe Ltd clients based in the UK. Trading of CFDs and trades conducted using hedging features on the MT4 trading platform with leverage ratios that exceed 50:1 are not available for traders based in the United States.
CFDs are considered derivative products because the underlying financial asset being traded is never actually owned by the investor and CFDs are not considered “tradeable” financial assets in some countries. Traders based in those countries may not even be able to access those types of assets on the OANDA fxTrade platform, but will still have access to the full range of other tools and features offered by the OANDA broker.
The brokermaintains satellite offices in Chicago USA, Toronto Canada, Tokyo Japan, Bayfront Singapore and London England in the UK.
As a global financial services provider, trades conducted using the OANDA.com broker are strictly overseen and highly regulated by a variety of governmental regulatory agencies around the world, including the National Futures Association (NFA), Dubai Financial Services Authority (DFSA), Monetary Authority of Singapore (MAS), Investment Industry Regulatory Organization of Canada (IIROC), Commodity Futures Trading Commission (CFTC) and the Financial Services Authority (FSA) regulates financial activities conducted by the OANDA UK broker.