OANDA, a major global player in the securities and derivatives brokerage game, has recently implemented a range of service upgrades. The changes will allow clients to get involved in one of the most exciting financial markets, make deposits and withdrawals more conveniently and earn money from the trades of others.
OANDA traders will now be able to take advantage of the surge in decentralised finance (DeFi) and trade Bitcoin (BTC) as a CFD from their existing trading accounts. The asset will be supported by the industry-renowned MetaTrader 4 (MT4) application so you can use one of the best platforms to speculate on the leading cryptocurrency.
OANDA spreads for Bitcoin CFDs will start at a competitive 100 USD, ensuring the market is accessible for new and experienced traders with all levels of account capital. OANDA also supports a range of powerful MT4 strategy development and backtesting tools that can be used to refine and optimise your Bitcoin trading approach.
The company is also increasing their cooperation with alternative local payment methods to make its services more accessible to clients around the world. Clients from South Africa, parts of Latin America and some of the ASEAN countries will now be able to fund and empty their accounts via additional online bank transfer and e-wallet options, including Skrill and Neteller.
These new options will allow clients to “deposit and trade faster, easier and more efficiently”, according to OANDA.
OANDA has also launched a new referral programme for their retail traders that allows both referrers and referees to benefit from their connection. Both parties could earn up to 88 USD from the process. The newly referred client must open a live OANDA account and place five standard trade lots within 90 days of their referrer’s deposit date.
While five lots may sound like a lot to invest, OANDA offers leverage rates of up to 1:200. However, clients should always be aware of the risks of margin trading before leveraging their trades.
OANDA is a multi-regulated broker with a wide range of tradeable assets, both securities and derivatives, on many markets, now including cryptos. This selection of instruments can be traded on the popular MT4, which is available as a web-based platform, desktop client or mobile application.
OANDA is already an established name in online trading and these moves will reassure investors that the broker is constantly improving their services for their global clients. For more details, check out our broker review below or visit their website to sign up today.