Award-winning broker, OANDA, has bolstered its suite of CFDs beyond European stocks to include US and UK equities. Clients can trade the new products through the broker’s popular trading platforms, including MetaTrader 4 (MT4) and TradingView.
Fresh Trading Opportunities
The launch of the new contracts for difference was announced this week under the Global Markets Division.
The new assets will give traders opportunities in a range of sectors, including energy, industrials, utilities, healthcare, and financials.
Traders can take positions on household names like Vodafone and BP in the UK and Amazon and Tesla in the US.
How CFDs Work
CFDs are a popular derivative that allow traders to speculate on the price of an asset without taking ownership of the underlying stock, for example.
Traders get exposure to assets that are trending both upwards and downwards, providing opportunities during periods of volatility.
CFDs are also popular for their leverage capabilities. For a small outlay, traders can amplify their trading volume and potential profits (or losses). 1:5 leverage, for example, means 5x the purchasing power.
OANDA was one of the early forex brokers, launched in 1996. Today, the brokerage has operations in various regions, including the US, UK, Europe, Asia, and Australia.
The Canadian-headquartered broker is regulated by multiple financial agencies, including the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Australian Securities & Investments Commission (ASIC).
OANDA offers trading in a variety of markets, from stocks and indices to forex, commodities, and bonds. Leverage varies depending on the jurisdiction but fees are competitive with spreads on major forex pairs like EUR/USD coming in at 1.1 pips.
The broker provides a range of powerful trading tools. As well as MetaTrader 4, OANDA offers its own award-winning terminal, while also providing access to TradingView. A free demo account is available so new users can test the broker’s trading tools.
Sign up with OANDA to start trading stock CFDs with competitive fees.