At OANDA, we’ve designed the Elite Trader Program to help top traders like you enjoy a more rewarding, exclusive trading experience. In this brief blog post, we’ll look at what you can expect from the program, including up to 34% trading cost savings with cash rebates.
Introduction
OANDA celebrated its 26th anniversary in 2023, which is impressive given the company's history as a pioneer in its field.
Our approach to innovation has always been focused on delivering intuitive digital experiences, tools that enable traders to trade more strategically and compelling value-add propositions. The number of awards that OANDA continues to win every year, including TradingView's ‘Most Popular Broker’ and best ‘Platform Features’ by Investment Trends, speaks of our commitment to traders. This year we have unveiled the new Elite Traders Program, reflecting our commitment to always putting clients first.
It's my firm belief that the value of a strong relationship with your clients cannot be underestimated! So, when we designed the program, I was clear that we wanted to provide an exceptional proposition for our high-volume traders, and we needed to focus on what was most important to them. Lowering trading costs, bespoke relationship management, access to third-party technology, and VIP extras became central to the programme, as I wanted client-focus to be a big part of the story.
Who is the Elite Traders Program for?
A program for high-volume traders looking for a more tailored, high-end trading experience, who trade in volumes of US$10,000,000 or more per calendar month. For MT4 traders that is approximately 50 roundtrip trades of a lot, or approximately 2.2 lot trades per day.
Benefits of the Elite Traders Program in a nutshell
Upgrading to the OANDA Elite Trader Program delivers a number of benefits. These include cash rewards – the more you trade, the more you receive in cash rebates, discounts on third-party platforms like TradingView, and expedited request handling from a dedicated, assigned relationship manager. There’s more too, but these are three of the main benefits.
What is the Elite Trader Program?
We’ve launched the Elite Trader Program after significant research and development, including speaking with many high-level traders on the kind of service that they want.
At its core, the program rewards trading volumes. The more you trade, the more you save in the form of cash rebates.
OANDA Elite Traders also get a dedicated Relationship manager who will prioritize their requests. And membership in the program also grants access to VIP events and content, as well as discounts on third-party platforms such as TradingView.
What are the benefits of our Elite Trader Program?
OANDA Elite Traders get three primary OANDA benefits.
- Cash rebates of up to 34% of trading costs**
- A suite of elite trading tools
- A dedicated relationship manager
Cash rebates as you trade
We want to reward clients for trading by putting more cash back into their account. With the Elite Trader Program, OANDA is offering the highest trading cash rebate on the market, at up to 34%*.
Interest paid on unused margin
We don’t want to stop there though. With the program, OANDA Elite Traders also earn interest on unused margin. If your daily average unused margin for the month is more than $10,000 USD, you will earn 2% APY, if your daily average unused margin is more than $ 50,000, you will earn 3%. This means that you will have two ways to earn financial rewards.*
Integrate your favorite trading platforms
The Elite Trader Program works with a number of trading platforms. For instance, if your preferred platform is MetaTrader 4, our program offers an MT4 toolkit and a VPS to host your EA, provided by our VPS partners. You would also be able to create up to 19 MT4 subaccounts, to test your various strategies.
Tools to help you trade smarter
The Elite Trader Program provides clients with access to an order book indicator with more capabilities over the standard version. It updates every five minutes instead of every 20. This enables you to see when clients exit and enter the market. In turn, this can provide insight to identify support and resistance areas.
A complimentary one-year TradingView ‘Essential’ plan subscription
The Elite Trader program provides full integration with TradingView, and the membership includes a one-year ‘Essential’ plan subscription.
Dedicated, priority support and exclusive market insights
With our Elite Trader Program, you receive a dedicated relationship manager to provide support and access to our priority service queue.
You will also gain access to market and technical insights through our exclusive content.
VIP Experiences
In 2023, top members of the OANDA Elite Trader Program attended F1 Grand Prix races in Miami, watched New York Red Bulls soccer games from our private suite, and attended other invitation-only, in-person events.
OANDA Clients at Red Bull Rampage
Summary
We designed the OANDA Elite Trader Program to reward high-volume traders with more cash back in their pocket and a superior customer experience.
We did so after much discussion and consulting with actual real-world high-volume traders to make sure that it was informed by the most important stakeholder: you, the traders.
We believe that it was high time that traders were recognized and rewarded for trading in higher volumes. The OANDA Elite Trader Program delivers the kind of experience that befits tier-one traders.
When you register for the Elite Trader program, a dedicated relationship manager will reach out to you, customizing your experience and tailoring the benefits that suit you and your trading style.
Disclaimer
* cash rebates rates correct as of 12/20/2023.
** subject to meeting terms and conditions.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and is not suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Losses can exceed deposits.
