Oanda recently announced a large-scale strategic change to its multi-asset retail trading activities in Europe.。The famous forex broker will close its operations in Malta on March 17。
This decision was made on the basis of its planned closure of the business。On March 17, the broker will restrict its services under the Retail and Professional Commercial Terms.。Closing operations in Malta will allow Oanda to operate under one entity in Poland。
According to the announcement, the broker is transferring the business to its Polish subsidiary OANDA TMB Brokers.。Given Oanda's market position, the news attracted the interest of most traders in Europe.。Many of them want a full review of Oanda to see how the broker works。
While the comments helped traders understand its services, they also noted that Oanda is planning to integrate its operations.。The broker already has a regulated entity under the supervision of the Polish Financial Supervisory Authority.。
As such, the restructuring highlights Oanda's focus on facilitating smarter trading.。The broker will now help European traders get a new set of TMS products。The suite includes multiple asset classes and a platform merged with MT5。
Oanda's business is not limited to Europe as it is considered one of the best forex brokers in Canada。Users in the region are delighted with Oanda's decision to complete operations seamlessly。They were also pleased with the way the broker instructed users to handle their OEML accounts。
With features like crypto trading being introduced to the platform, users have high hopes for Oanda。The broker also appointed a new head of product operations and CEO to refine its leadership position.。Combined with its decision to operate from a single entity, users can expect a massive transformation of the famous broker。However, this will help the OANDA brand to support its customer base across Europe with a great technology stack and multi-asset offerings.。