OANDA Supports CFTC’s Move to Protect the Interests of Traders

  • Vatsa Narasimha, Chief Executive Officer at OANDA

  • 10.02.2017 11:45 am
  • undisclosed

At our very core, OANDA has always been an extremely client-focused organisation, dedicated to creating a fair and transparent arena in which retail clients can trade, safe in the knowledge that we have their best interests at heart. That’s why we believe the affirmative stance taken by the US Commodity Futures Trading Commission (CFTC) against the misrepresentation of interests to retail clients trading the global currency markets is an extremely positive move. Given our long-standing commitment to integrity, we believe the retail trading industry as a whole will benefit from a more transparent approach where brokers are held accountable for making questionable statements or falsely disclosing their interests.

Customers want to trade with a broker they trust, and throughout our 21-year history OANDA has earned a reputation for always putting our clients’ interests first. Regulated by seven authorities around the world, we work hard to ensure our clients succeed by offering transparent pricing with no commission, no requotes and no rejections. We’ve also remained true to our legacy of integrity even during unprecedented market events such as the SNB crisis, refusing to re-price or amend any client CHF cross trades, and where possible clearing all client negative account balances incurred as a result. As an organisation, we are committed to helping our clients succeed, protecting their interests wherever possible.

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