OANDA, a provider of online multi-asset trading services, has broadened its European investment portfolio by introducing Exchange-Traded Funds (ETFs) for its clients, the company announced this week.

The new ETF offering grants OANDA clients across the European Union access to more than 350 ETFs, covering a diverse range of international sectors, commodities, and indices. According to OANDA, this move is aimed at helping investors diversify portfolios more efficiently, offering an alternative to purchasing individual assets or traditional funds.

OANDA’s new platform set-up offers the first 10 ETF trades each month commission-free, up to a turnover of 100,000 euros. After this limit is reached, transactions incur a minimum commission of 0.1% or 1 EUR.

Marcin Niewiadomski

"The introduction of ETFs to our offering is another step towards providing investors with a full spectrum of modern and effective tools for building a diversified portfolio,” said Marcin Niewiadomski, Managing Director for Europe at OANDA.

“ETFs are the most popular instrument for passive investing and an alternative, cheaper solution compared to standard investment funds. This way, we offer our clients access to global markets in a simple and cost-effective manner."

OANDA has introduced its first major product update since its widely publicized acquisition by proprietary trading firm FTMO nearly three months ago.

Prop Firm Acquires CFD Broker

In early February, FinanceMagnates.com reported that CVC Asia Fund IV had agreed to sell OANDA Global Corporation to the FTMO Group. In 2018, CVC Partners Asia Fund had acquired a 98.5% stake in OANDA for $160 million, valuing the broker at approximately $175 million based on the prior year’s $35 million EBITA.

FTMO reported cash holdings of more than CZK 1.94 billion (over $81.5 million) at the end of 2023, an increase of roughly 275% compared to the previous year.

The prop firm has emphasized that OANDA’s proprietary trading brand, OANDA Prop Trader, will continue to operate independently. This commitment was reinforced by the launch of its Community + Loyalty Program.

Alongside its new ETF access, OANDA continues to offer a portfolio of more than 4,000 financial instruments, including single stocks, forex, and a variety of Contracts for Difference (CFDs). The brokerage also provides trading opportunities in over 2,200 real stocks. For new clients, OANDA offers an incentive of up to 7% annualized interest on unused account balances for the first 90 days following registration, subject to existing terms and conditions.

Source: Finance Magnates