OANDA expands its CFD offering in its Global Markets division
Online multi-asset trading services provider OANDA has expanded its CFD offering in its Global Markets division by adding share CFDs on US and UK listed equities.
This addition to OANDA’s offering, which already includes share CFDs on European equities, increases the trading options available to clients, who can now use CFDs to seek exposure to popular US and UK stocks. With this announcement, OANDA completes its goal of allowing retail traders to trade CFDs on individual company shares, such as BP and Vodafone in the UK, and Tesla, Amazon, and Apple in the US.
Commenting on this development, Phil Waters, Head of APAC & Emerging Markets, 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 as well as upward, allowing traders to take positions even when volatility is high.
Enabling clients to build leveraged exposure to the most popular listed corporations, including many familiar US companies across a variety of sectors, provides them with valuable diversification opportunities.”
Under the launch, OANDA clients in emerging markets can now trade share CFDs on an intuitive platform alongside CFDs on a wide range of asset classes, such as indices, forex, commodities, metals, bonds, and cryptocurrency.
OANDA has recently announced the launch of its new EU operations.