A global leader in online multi-asset trading services and currency data and analytics, OANDA has introduced a new pricing model in Singapore that enables clients to access spreads from as low as 0.1 with a flat-rate commission of USD50 per USD1 million traded on more than 70 currency pairs. Designed to reduce spreads when trading forex, core pricing is available to all OANDA clients upon request.
“Throughout our 22-year history, OANDA has enjoyed a reputation for transparency, offering a spread-only pricing model with no commission, however in recent months, our clients have increasingly expressed a desire for core spreads. Created in direct response to this demand, we are pleased to introduce our new core pricing option, which enables clients to trade on our institutional-grade platform with extra tight spreads while continuing to benefit from our fully-automated execution with no requotes and no rejections,” said Kazuaki Takabatake, Managing Director of OANDA Asia Pacific.
The introduction of OANDA’s core pricing provides greater flexibility, allowing traders to choose between the firm’s traditional spread-only pricing model and a new reduced spread with a fixed commission charge.
Takabatake further commented, “A sophisticated market, Singaporean traders are constantly on the lookout for tighter spreads. As such, we believe OANDA’s new pricing model clearly demonstrates our ongoing commitment to addressing the needs of our clients.”
For more information on OANDA’s core pricing with commission model, please click here.
