OANDA, the huge and global broker, has recently secured a regulation from the Malta Financial Services Authority for its new subsidiary in the small island nation. The branch will be working under the OANDA Europe Markets (OEM) brand. This recent announcement came some three months after the firm acquired the second-largest and oldest Polish broker TMS Brokers, giving OANDA an unparallel lead in the Baltic countries.
The broker has undergone major changes in operation configuration, product offering, and marketing investments strategies, under CEO Gavin Bambury.
In an interesting move, undoubtedly being interlaced with the forthcoming departure of the UK from the European Union, all UK based OANDA clients (OANDA Europe Limited branch) will be apple to move to the new Maltese subsidiary should they wish, or they can continue trading with the FCA-licensed OANDA entity. Investors wishing to move to the Maltese division will have the chance to do so come Tuesday, 22nd December 2020.
More and more brokers are considering expanding their services geographically. These major endeavors on the parts of OANDA and other brokerage companies are happening just months before the UK’s leave. Many are seeing these as safety moves, since the situation after the 1st January 2021 is still ambivalent.
OANDA currently has offices in Europe, the Asia Pacific regions, and Canada. The multi-regulated broker is available to both retail and institutional investors, offering a diverse portfolio of financial instruments, as well as currency information services to portfolio managers and corporations.