OANDA Reports Record First Quarter Results
Actively Traded Accounts Continue to Grow and Trading Volumes Remain Strong for Financial Technology Company
OANDA, a global financial technology company, reported continued revenue growth in the first quarter of the year on the heels of an extremely successful fourth quarter. The award-winning retail broker attributes its growth of record-breaking active account growth of 7.1% in a single quarter to retail trading volume that continues to surpass expectations. With the global central bank interest rates diverging, new trading opportunities continue to be provided to clients – confirming a rich history of stability and reliability to existing traders and new account holders.
On January 15, 2015, OANDA made the unprecedented decision to forgive their clients’ negative Swiss franc (CHF) balances after the unexpected outcome of the Swiss National Bank’s decision to remove the franc’s peg against the euro. This action came as no surprise to OANDA’s loyal client base, given the company’s reputation for integrity, transparency and stability, differentiating themselves once again from their competitors and propelling their revenue trajectory to the strongest it has ever been in company history.
“In the first quarter of 2015, we focused on key technology advancements and continued to solidify our position as a leading global retail broker,” said Ed Eger, president and chief executive officer, OANDA Corporation. “OANDA continues to focus on reliable, diversified business offerings and unparalleled customer service which enhances our ability to maximize revenue efforts while placing us in a strong position for the coming year.”
In addition to record first quarter results, the evolution of OANDA’s multitude of products and services continues as enhancements were announced to their application programming interface (API) suite during the first quarter, including an improved developer portal, new partner integration and new APIs for the OANDA™ fxLabs tools and customized indicators for MetaTrader 4™. Additionally, clients can now register for, and fund, an fxTrade account via the OANDA award-winning fxTrade Mobile Application. In a matter of minutes, new traders can register for a live account, upload verification documents, fund the account and immediately start trading – directly from their smartphone or tablet.
Source: OANDA
