omniture

Spreads from 0.1 and USD50/million commission with OANDA's core pricing model

2018-09-18 08:00 629

SINGAPORE, Sept. 18, 2018 /PRNewswire/ -- 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.

Currency pair

Spread-only pricing

as low as

Core pricing + commission

as low as

EUR/USD

0.9

0.1

USD/CAD

0.9

0.2

GBP/USD

0.9

0.2

AUD/USD

1.0

0.2

NZD/USD

1.0

0.2

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.

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the firm provides online multi-asset trading, currency data and analytics to retail and corporate clients, demonstrating an unrivalled expertise in foreign exchange. With regulated entities in six of the world's most active financial markets, OANDA remains dedicated to transforming the business of foreign exchange. For more information, please visit oanda.com or follow us on Twitter, Facebook or YouTube.

Source: OANDA
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