London, February 6, 2023 – OANDA Global Corporation ("OANDA"), announced today a strategic change in its retail trading operations in Europe.
Under the planned closure of OANDA’s operations under Maltese license, as of 17 March 2023 OANDA Europe Markets Ltd ("OEML") will cease to provide services currently provided on the basis of OANDA Europe Markets Limited Retail and Professional Clients Terms of Business ("ToB").
OANDA is planning to exit Malta and consolidate its operations in the European market under one regulated entity and transfer its business to OANDA TMS Brokers S.A. registered in Warsaw, Poland ("OANDA TMS"). OANDA TMS is fully owned by the OANDA Group, supervised by the Polish Financial Supervision Authority and participates in the Investor Compensation Scheme operated by the National Depository for Securities S.A. (KDPW).
Under this reorganization, which reflects OANDA's emphasis on enabling smarter trading for clients, active traders in Europe will be able to gain access to the broader TMS product offering, which includes a wider range of asset classes and a cutting-edge platform integrated with MT5.
At OANDA, we are committed to providing the highest quality pricing, execution, and service to our clients, and we will make every effort to ensure that any changes in our operations are implemented in the least disruptive way possible for our clients. All clients have been informed of their options regarding their existing trading accounts with OEML.
This change in our operations will shape the firm's strategy by building the OANDA brand on the foundations of TMS' multi-asset offering and cutting-edge tech stack to accelerate business growth and better support clients across Europe.