OANDA fxTrade Mobile Sets Record Trading Volumes

Global forex broker releases next-generation Android tablet features for mobile traders

NEW YORK CITY – December 10, 2014

OANDA, a global provider of forex trading , announces its clients are recording record-high mobile trading volumes via the broker’s industry-leading fxTrade Mobile platform. As the broker releases the first phase of its next-generation mobile app features for Android devices, OANDA has also seen its Android community numbers surpass that of its Apple-based mobile users.

Today, more than 55 percent of OANDA’s clients globally log-in to their accounts daily via fxTrade Mobile. Android tablet log-ins in the third quarter increased by 20 percent compared to the second quarter, where iPad log-ins in the same time period increased by 12 percent.

“As a technology company, it’s interesting for us to see changes and trends emerging in both the consumer and trading mobile spaces. As we launch our next-generation feature-set for the Android tablet, its rewarding to see that our overall Android user base has increased by 35 percent over 2013,” said Barbara Bermes, Mobile Product Manager, OANDA Corporation. “As we look forward to 2015, we’ll continue to focus on customizable features, as well as advanced charting and trading functionality specific to each device.”

Available for download via Google Play, OANDA’s fxTrade Mobile 4.0 for Android features a redesigned experience for tablets: with the portfolio, quotes list and chart, either visible all at once or in full-screen chart mode, this version brings the convenience and flexibility of a customized view to Android tablet users.

“Year-over-year we see more clients downloading our fxTrade Mobile platform, as well as increasing their frequency of use and their mobile trading volume, and we expect that trend to continue,” said Trevor Young, Vice President of Product Management, OANDA Corporation. “As the industry leader in the mobile trading space, we’ll continue to set the pace and the feature-set, as per our clients’ feedback.”

Like OANDA’s MetaTrader 4 mobile applications for iPhone and Android smartphones and tablets, and OANDA’s Currency Converter for iPhone, iPad, iPod touch, and Android devices, fxTrade Mobile is available to download for free.

For more information, please visit www.oanda.com. You can follow OANDA on Twitter, Facebook, or YouTube.

 

About OANDA

OANDA Corporation transformed the business of foreign exchange through an innovative approach to forex trading. The company’s industry-leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. In 2014, OANDA was honored to receive the coveted “Highest Overall Client Satisfaction” and “Value for Money” awards in Investment Trends’ 2014 USA and UK Leveraged FX Reports. OANDA was also recognized as the “Best Value Forex Broker,” and MarketPulse, OANDA’s macroeconomic news site, was named the “Best Forex Media Resource” at the 2014 U.K. Forex Awards.

OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Exchange Rates® data provides benchmark rates for corporations, auditing firms, and global banks.

OANDA has seven offices worldwide, in Toronto, San Francisco, New York, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).

Trading FX and/or CFDs on margin is high risk and not suitable for everyone. Losses can exceed investment.