OANDA Brings In Professional Accounts Ahead Of Regulatory Changes - chaneyothess
OANDA Brings In Professional Accounts Ahead Of Regulatory Changes
Ahead of the Australian Securities and Investments Commission (ASIC) regulation change that is expected to come into effect along the 29th March 2021, OANDA, a global FX brokerage, has announced that it will create a new account for professional traders. Still, investors must meet a set of strict requirements ready to qualify.
ASIC Regulations
The upcoming ASIC regulations leave limit the leverage that brokers can offer to retail traders to a utmost of 30:1. The rules testament also mandate negative equilibrate protection to ensure that traders do non fall behind more than their trading stake. To boot, bonuses in any contour will be banned to prevent overtrading.
The change brings ASIC regulations in-communication channel with the European Securities and Markets Confidence (ESMA). With that said, it stops dead of requiring brokers to divulge the percentage of accounts that lose money trading CFDs, a warning that can be found on EU regulated broker's pages.
OANDA Professional Trading Accounts
For traders looking to move to a professional trading account with OANDA, there is a high threshold to conform to. Investors testament need to have an accountant certify that they clutch assets of at to the lowest degree AUD2.5 million or possess a gross income of at to the lowest degree AUD250,000 for for each one of the last two business enterprise years. For many, this will price them out of the highly leveraged trading game.
For those who meet the requirements, they'll beryllium able to access few uniques features. Anthony Griffon, Coach Film director of the Aussi business build up explained: "We're delighted to introduce our new Master Trading account, which will allow experienced clients to access a range of features including 100:1 leverage, margin relief when they place a guaranteed cease-loss order, and mesmerizing intensity rebates."
OANDA Explained
OANDA is a globose brokerage that offers trading in CFDs on indices, Bitcoin, forex, bonds and commodities. The firm is regulated away the Financial Conduct Authority (FCA), the Malta Financial Services Authority (MFSA), on with the ASIC.
Traders have the option of impermanent with the OANDA web trader, Beaver State using the coveted MetaTrader 4 platform. OANDA also provides numerous informative resources including webinars, tutorials and articles.
Globose brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
Global brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features.
by DayTrading.com
Source: https://www.daytrading.com/oanda-brings-in-professional-accounts-ahead-of-regulatory-changes
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