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OANDA announces the launch of OANDA Labs Trader, a new profit-sharing program for traders
NEW YORK, Jan. 22, 2024 /PRNewswire/ -- OANDA Global Corporation today announced the launch of OANDA Labs Trader, a pioneering profit-sharing trading program that allows traders to increase their skills and accelerate their profits.
OANDA Labs Trader is available to residents of countries served by the Global Markets division of OANDA, a company authorized and regulated by the Financial Services Commission of the British Virgin Islands. The program is designed to offer talented private investors and self-employed traders the unique opportunity to become profit-sharing signal providers for OANDA's own trading business.
To unlock profit sharing as an OANDA Labs Trader, traders must first pass an assessment through a Trading Challenge, a demo environment that gives them the opportunity to test their strategies and skills with virtual funds.
Commenting on this launch, Kurt vom Scheidt, COO of OANDA, commented: "Our vision is focused on enabling smarter trading for clients. Through this program, the most skilled traders can more quickly access global financial markets in a wide range of asset classes. In addition to the share they can earn from their profitable virtual fund trades, traders will receive the necessary tools, such as educational materials and exclusive data-driven features and articles, so that they can "We look forward to increasing our proprietary trading activity by incorporating the valuable signals of Labs Traders into our trading models."
OANDA Labs Trader is also a vibrant new brand that will resonate with private traders and investors around the world, expressed by stark contrasting orange and black tones. Built around the bold slogan “you up your game, we raise capital,” OANDA Labs Trader inspires self-sufficient traders to leverage their skills, knowledge, and strategies to achieve their financial goals.
How the OANDA Labs Trader program works
The OANDA Labs Trader program allows traders who pass an assessment to access an OANDA Labs Trader account and share the profits and losses they produce. OANDA's proprietary trading models use trading signals produced by OANDA Labs traders in combination with other input variables to guide OANDA market positioning decisions. OANDA's equity is at risk, so OANDA asks potential OANDA Labs operators to complete an assessment (the "Challenge") in order to participate in the program and demonstrate their ability to generate profits and manage risk. Although the capital provided in the OANDA Labs Trader account is virtual, traders are entitled to a share of the profits generated in their account. OANDA Labs traders have access to our technology and market relationships to help them use their trading skills to create profitable signals.
For more information, visit the OANDA Labs Trader website at https://labstrader.oanda.com.
OANDA Labs is also a dedicated content hub within the OANDA Labs Trader website that provides traders with unique data-driven tools such as Market Sentiment and Topical Instruments, as well as a variety of insights articles to help them make better trading decisions. negotiation.
Founded in 1996, OANDA is one of the world's leading online trading groups, providing multi-asset trading, currency data and analysis to retail and enterprise clients around the world.
From its beginnings as a provider of free exchange rate data on the Internet to the launch of a forex trading platform that pioneered online forex trading, OANDA remains dedicated to creating smarter trading experiences.
With regulated entities in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney, OANDA enables retail clients to trade a wide variety of asset classes on one trading platform. award-winning Depending on geographic location, these may include derivatives of global market indices, stocks, commodities, treasuries, precious metals, currencies and cryptocurrencies.
For more information visit https://www.oanda.com/group/ or follow OANDA on LinkedIn.
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