A global leader in online multi-asset trading services, OANDA has been named the largest FX broker by primary relationships in Singapore for the fourth year in a row by multinational financial services market research firm, Investment Trends. The results of the 2017 Singapore CFD & FX Report firmly establish OANDA as the leading forex broker in the market.
OANDA also won the coveted best Mobile Platform and Education Materials awards, further demonstrating the firm’s rich background in technology and commitment to helping clients become successful self-directed traders. In addition, the company dominated several other key categories, ranking first in the following areas: reliability of trading platform, range of research tools, charting, trading ideas and strategies, and ease of account opening.
The Investment Trends report also revealed an increasing number of traders are now using OANDA to trade contracts for difference (CFDs), and the company has successfully maintained its five percent share of primary relationships in a growing market. CFDs have become increasingly popular recent years, due in large to the fact they enable retail investors to trade on the price movements of precious metals, commodities, indices or treasuries without having to own the underlying asset. As such, they provide an attractive way to diversify an investment portfolio or hedge current holdings to better manage exposure to risk.
Kazuaki Takabatake, Chief Executive Officer of OANDA Asia Pacific, said, “We are honoured to be recognised once again by the Singapore trading community, and we’re delighted to see an increasing number of clients are now trading CFDs on our platform. Over the course of our 21-year history, we’ve combined our passion for innovation with ground-breaking technology in order to better serve clients and enhance their trading experience. In the last year alone, we’ve introduced multiple mobile enhancements and launched a brand new education portal that specifically aims to guide visitors on their trading journey. As such, we believe these awards clearly acknowledge the ongoing commitment we show to our clients and our dedication to helping them succeed.”
Investment Trends is a privately-owned global financial services industry research company based in Australia. They develop and deliver independent, deep insights and research on the behaviours, buying preferences and needs of individual investors and the intermediaries or financial services companies that serve them across Australia, Singapore, Hong Kong, France, Germany, Spain, the UK and the USA.
About the report
In its eighth annual edition, the Investment Trends 2017 Singapore CFD & FX Report provides a
detailed analysis of the trading attitudes, behaviours and needs of Singaporean traders of over-the-counter Contracts for Difference or Foreign Exchange. It is the largest study of retail investors in Singapore each year. This year’s report was based on a survey of 5,754 responses from Singaporean investors and traders.
About Investment Trends
Investment Trends is the leading researcher in the retail online share dealing and leveraged trading markets globally. We combine our analytical rigour and strategic thinking with the most advanced research and statistical techniques to help our clients gain competitive advantage. We have over 10 years’ experience in researching the retail wealth management and global broking markets from which we provide new insights and decision-making support to over 200 leading financial service businesses globally. Investment Trends’ clients include a number of global banking organisations, all major online brokers and CFD providers as well as industry regulators, investment platform providers, industry associations and financial planning software providers. www.investmenttrends.com