Oanda, a leading online forex and CFD broker, has continued its global expansion by adding US and UK share CFDs to its platform. The move will allow traders to access these popular financial instruments and take advantage of market opportunities. With Oanda’s award-winning platform and advanced trading tools, traders can trade with confidence and stay on top of the markets. The addition of US and UK share CFDs reaffirms Oanda’s commitment to offering its clients a wide range of trading options and consolidating its position as a global trading powerhouse.
Oanda Expands CFD Offering to Include US and UK Equities
Oanda, the US-based global multi-asset trading platform, has expanded its contract-for-difference (CFD) offering to include equities from the US and UK, such as stocks from Tesla, Vodafone, and Apple. This move marks Oanda’s continued efforts to expand its offerings of CFDs, as it already offers CFDs on European equities.
The expansion of available equities offers traders and investors new diversification opportunities to explore and include in their portfolios. Oanda has been experiencing global expansion in recent times, with entities located across major countries like Canada, Japan, Australia, Singapore, and the UK.
Founded in 1996, Oanda has been a pioneer in web-based currency trading, being the first company to make exchange rate data available free of charge. The latest development is aimed at empowering retail traders to diversify their portfolios. Share CFDs offer traders exposure to US and UK company stocks and are also backed by an intuitive user interface with a wide range of assets available on the platform.
In recent times, interest in CFDs has been rising across the globe, largely because they enable traders to earn a profit from price changes without owning the underlying asset.
According to Phil Waters, CFDs offer exposure to traders and retailers, enabling them to take a position in the market regardless of how the volatility factor is playing out. Markets remain available during both upward and downward trends, making CFDs an attractive option for traders looking to make a profit.
Oanda is known to be a leader in the multi-asset trading platform space, with entities located in some of the most active trading regions worldwide. The platform offers educational material to beginners to help them understand the market and execute trades. Six tools are offered, including volatility graphs, candlestick patterns, and official economic figures.
Oanda also supports trading functions with algorithmic trading mechanisms, which can almost automate the execution of trades for the best profitable opportunity. Highly intelligible, these mechanisms can be deployed by beginners and daily traders to ease the burden from their shoulders.
The Global Markets division now houses share CFDs from the US and UK, and Oanda is expected to onboard more traders and investors in the coming days. There is no doubt that Oanda’s continued expansion of its CFD offerings provides more opportunities for traders looking to grow their portfolios.