OANDA announces the launch of OANDA Labs Trader, a new profit-sharing program for traders
NEW YORK, Jan. 21, 2024 /CNW/ -- OANDA Global Corporation today announced the launch of OANDA Labs Trader, a pioneering trading program centred around profit sharing that enables traders to grow their skills and accelerate their profits.
OANDA Labs Trader is available to residents of countries serviced by OANDA's Global Markets division, a firm authorised and regulated by the Financial Services Commission of the British Virgin Islands. The program is designed to give talented private investors and self-directed traders the unique opportunity to become signal providers, on a profit-sharing basis, to OANDA's proprietary trading business.
In order to unlock the profit share as an OANDA Labs Trader, traders must first pass an assessment through a trading Challenge, a demo environment that gives them the chance to test out their strategies and skills with virtual funds.
Commenting on this launch, Kurt vom Scheidt, Chief Operating Officer of OANDA, said: "Our vision is centred on enabling smarter trading for clients. Through this program, the most capable traders are empowered with streamlined access to global financial markets across a range of asset classes. In addition to the share they can earn on their profitable trading of virtual funds, traders will receive the necessary tools, such as educational materials and exclusive data-driven features and widgets, to set them up for successful trading. We look forward to growing our proprietary trading activity by incorporating valuable signals from Labs Traders as inputs into our trading models."
OANDA Labs Trader is also a vibrant new brand that will resonate with traders and private investors around the world, expressed by sharply contrasting orange and black hues. Built around the bold tagline "you raise your game, we'll raise the capital," OANDA Labs Trader inspires self-reliant traders to leverage skills, insight, and strategies to achieve their financial goals.
How the OANDA Labs Trader program works
The OANDA Labs Trader program allows traders who pass an assessment to gain access to an OANDA Labs Trader account and share in the P&L they produce. OANDA's proprietary trading models use the trading signals produced by OANDA Labs Traders in combination with other input variables to guide OANDA's market positioning decisions. OANDA's proprietary capital is at risk, so OANDA asks potential OANDA Labs Traders to complete an assessment (the "Challenge") to qualify for the program and demonstrate an ability to generate profits and manage risk. Although the capital provided in the OANDA Labs Trader account is virtual, traders are entitled to a share of profits generated in their account. OANDA Labs Traders are given access to our technology and market relationships to help them use their trading skills to create profitable signals.
For more information visit the OANDA Labs Trader website on https://labstrader.oanda.com.
OANDA Labs is also a dedicated content hub within the OANDA Labs Trader website that provides traders with unique, data-driven tools like Market Sentiment and Topical Instruments, as well as a variety of articles with strategic information to help them make better trading decisions.
About OANDA
Founded in 1996, OANDA is one of the world's leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe.
From its roots providing free exchange rate data on the Internet to launching a forex trading platform that helped pioneer web-based currency trading, OANDA remains dedicated to building smarter trading experiences.
With regulated entities in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. Depending on geographical location, these may include derivatives of global market indices, equities, commodities, treasuries, precious metals, forex, and cryptocurrencies.
For more information visit https://www.oanda.com/group/ or follow OANDA on LinkedIn.
SOURCE OANDA
Dana Catterina, [email protected]; Nishtha Asthana, [email protected]
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