OANDA Brings In Professional Accounts Ahead Of Regulatory Changes

OANDA Brings In Professional Accounts Ahead Of Restrictive Changes

Ahead of the Australian Securities and Investments Military commission (ASIC) regulation change that is due to come into consequence on the 29th Marchland 2021, OANDA, a global FX brokerage, has announced that it will create a new account for professional traders. Notwithstandin, investors must contact a set of strict requirements in order to qualify.

ASIC Regulations

The upcoming ASIC regulations wish limit the leverage that brokers can offer to retail traders to a maximum of 30:1. The rules testament also authorisation negative balance shelter to ensure that traders do not lose to a higher degree their trading stake. In addition, bonuses in any form will be banned to prevent overtrading.

The change brings ASIC regulations in-line with the Continent Securities and Markets Say-so (ESMA). Therewith aforementioned, IT stops short of requiring brokers to disclose the percentage of accounts that miss money trading CFDs, a warning that can be institute on Europe regulated broker's pages.

OANDA Professional Trading Accounts

For traders looking to move to a professional trading account with OANDA, in that respect is a in flood threshold to meet. Investors will need to have an accountant demonstrate that they hold assets of at least AUD2.5 1000000 or have a gross income of at least AUD250,000 for each of the last two financial years. For umteen, this will Mary Leontyne Pric them out of the highly leveraged trading game.

For those who meet the requirements, they'll be able to access some uniques features. Anthony Griffin, Manager Theatre director of the Australian business arm explained: "We're delighted to introduce our unprecedented Professional Trading account, which testament allow experienced clients to access a array of features including 100:1 purchase, margin relievo when they place a guaranteed stop order, and attractive volume rebates."

OANDA Explained

OANDA is a global brokerage that offers trading in CFDs on indices, Bitcoin, forex, bonds and commodities. The firm is regulated past the Financial Conduct Authority (FCA), the Malta Financial Services Authority (MFSA), on with the ASIC.

Traders have the selection of running with the OANDA web trader, or victimization the coveted MetaTrader 4 platform. OANDA besides provides numerous educational resources including webinars, tutorials and articles.