One of the oldest brokers in the industry, OANDA has issued a statement outlining support for the proposed changes by the UK Financial Conduct Authority to bonus promotions and leverage. The company itself has outlined that 75 percent of trading done via its European subsidiary based in London, OANDA Europe, has been transacted by clients that use 1:50 or lower leverage.
“Serious professionals seldom trade at those levels of risk”
The company has long been operating with a leverage restriction at 1:50, when new traders have always been defaulted to 1:20. The company has added 1:100 leverage only in response to read more)