A global leader in online multi-asset trading services, OANDA has introduced a new core pricing model in Australia that enables clients to access spreads from as low as 0.1 with a flat-rate commission of AUD3.50 per AUD100,000 traded on more than 70 currency pairs. Designed to reduce the cost trading forex and CFDs, the new tighter spreads are available to any client who maintains a minimum balance of AUD5,000 for three months or more.
“Throughout our 21-year history, OANDA has enjoyed a reputation for transparency, offering a spread-only pricing model with no hidden commission, however in recent months our clients have increasingly expressed a desire for tighter spreads. Created in direct response to this demand, we are pleased to introduce our new core pricing option, which enables clients to reduce the cost of trading on our institutional-grade platform while continuing to benefit from our fully-automated execution with no requotes and no rejections,” said Vatsa Narasimha, President and Chief Executive Officer, OANDA Global Corporation.
The introduction of core pricing allows traders to choose between the firm’s traditional spread-only pricing model and a reduced spread with commission.
Anthony Griffin, Managing Director of the firm’s Australian operation further commented, “The Australian market is both sophisticated and competitive, and smart traders are constantly on the lookout for better pricing. As such, we believe our new pro pricing model clearly demonstrates OANDA’s ongoing commitment to addressing the needs of clients and reducing the cost of trading.”
For more information on OANDA’s core pricing with commission model, please click here.