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January 22, 2024 - OANDA Global Corporation today unveiled the OANDA Labs Trader program, which offers a profit-sharing opportunity for skilled traders. OANDA says the program, “is designed to give talented private investors and self-directed traders the unique opportunity to become signal providers, on a profit-sharing basis, to OANDA's proprietary trading business.”
The program is open to individuals in countries where OANDA's Global Markets division operates, regulated by the Financial Services Commission of the British Virgin Islands. OANDA Labs Trader seeks to engage proficient private investors and self-directed traders, offering them a platform to act as signal providers for OANDA's proprietary trading operations on a profit-sharing basis.
To participate in OANDA Labs Trader, individuals must first prove their trading proficiency through a Challenge - a simulated trading environment where they can deploy strategies using virtual funds.
Kurt vom Scheidt, Chief Operating Officer at OANDA, commented on the program: "Our vision is centered on enabling smarter trading for clients. Through this program, the most capable traders are empowered with streamlined access to global financial markets across a range of asset classes. In addition to the share they can earn on their profitable trading of virtual funds, traders will receive the necessary tools, such as educational materials and exclusive data-driven features and widgets, to set them up for successful trading. We look forward to growing our proprietary trading activity by incorporating valuable signals from Labs Traders as inputs into our trading models."
The OANDA Labs Trader brand, marked by its striking orange and black colours, is positioned to appeal to global traders and private investors. Embracing the motto "you raise your game, we'll raise the capital," the brand encourages independent traders to harness their skills and market insights to reach their financial objectives.
Within the OANDA Labs Trader program, those who pass the assessment will gain access to an OANDA Labs Trader account to share in the profits they generate. While trading with virtual capital, the profits are real, and traders are entitled to a portion of the profits produced in their account. OANDA's proprietary trading models will utilize the trading signals from OANDA Labs Traders, alongside other inputs, to inform market positioning.
For additional details, interested traders can visit the OANDA Labs Trader website at https://labstrader.oanda.com. OANDA Labs also features a content hub that provides unique, data-driven tools like Market Sentiment and Topical Instruments, along with strategic articles to support informed trading decisions.
