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OANDA launches fxUnity - the social forex trading platform

http://www.forexbrokerz.com/news/oanda-fxunity

OANDA, a leading US forex broker, has launched OANDA fxUnity, a new fx  trading platform for aspiring currency traders. The platform is another way that OANDA is making currency trading more accessible, open, and mobile.

Comments

  • londontrader 2051 days ago

    i cant find anywhere on the internet that they are launching this,can u link me to the source

  • jaguar1637 898 days ago

    Please be advised that OANDA Europe Limited has made changes to the fxTrade Customer Agreement effective from the 5th of June 2015. These changes are designed to provide all of our clients with clear and transparent details pertaining to opening and maintaining an OANDA Europe Limited fxTrade account.

    The material changes we have made in our client agreement with you are:

    Clause 12 (e) Special Handling for Large Transactions. If a Margin Closeout occurs or one or more Transactions in your Account result in the immediate closure of a Trade or series of Trades, in either case with an aggregate notional value that exceeds $100,000,000 USD equivalent in any major currency pair (e.g., a pair comprised of any two of AUD, CAD, CHF, EUR, GBP, JPY, USD), or $30,000,000 USD equivalent in any other instrument, then OANDA will use commercially reasonable efforts to execute your Trade(s). OANDA reserves the right to debit your Account for the difference between the price shown in fxTrade at the time of your Trades and an amount equal to 1.0-pip above OANDA’s actual volume-weighted cost of clearing those Trades.

    Clause 15.  Risk Acknowledgement. You acknowledge that trading in Foreign Currency Contracts and CFDs carries a high degree of risk and that you have familiarised yourself with the risks described in OANDA’s Risk Disclosure Statement. These risks include, without limitation, the following: (i) it is possible to incur a loss if, after your acquisition of an investment, exchange rates change to your detriment, even if the price of the underlying currency to which the Trade relates remains unchanged; and (ii) you may sustain a total loss of the Margin Requirement in respect of your Account that you deposit with or pay to us to establish or maintain a position and, if the market moves against you, you may be required to pay substantial additional funds at short notice but if you fail to do so within the required time, your investment position may be liquidated at a loss to you and you will be liable for any remaining deficit in your Account.

    OANDA Europe Limited has removed the following clause:

    Clause 16  -  Maximum Losses. OANDA warrants and represents that the fxTrade System has been designed so that your total aggregate Realised Loss can never exceed the sum of the total aggregate deposits made to your Account and your total aggregate Realised Profit.

    We have also updated our agreement to include regulatory change requirements per the Financial Conduct Authority (FCA) regarding Transfers of Business and Client Money Protection. Please refer to sections 38 and 39 of the fxTrade Customer Agreement.

    Please see the revised fxTrade Customer Agreement for full details regarding the changes.

    You will have 10 business days effective from the 5th of June 2015, to reject the changes under the revised agreement. If you do reject the terms of the revised fxTrade Customer Agreement you can do so by contacting our Customer Support team. Should you reject the terms, OANDA Europe Limited will complete all transactions under the existing terms of the Agreement and will permit you, the customer, to close your account without detriment or raising any charges for closure of the fxTrade account. If such notification is not received, you are deemed to have accepted the changes under the revised fxTrade Customer Agreement.

    Thank you for trading with us.

     
    Kind Regards,
    The OANDA Client Experience Team