OANDA launches Pro Trading account with 100:1 leverage

OANDA, a global leader in online multi-asset trading services, announced it has launched a new Professional Trading account in Australia.

The new trading account allows clients to benefit from trading forex and CFDs with higher leverage ratios, margin relief and volume rebates. The new account type is only for long-term traders with a good understanding of the markets and the inherent risks.

Anthony Griffin, Managing Director of the firm's Australian operation further explained that the new trading account enables experienced clients to access 100:1 leverage, margin relief when they place a guaranteed stop-loss order, and attractive volume rebates. 

"However, this account is not for everyone. Traders must meet stringent criteria in order to qualify as a wholesale client or sophisticated investor before they can upgrade to the Professional Trading account," he added.

According to the Corporations Act, wholesale client status depends on financial qualifiers, financial literacy and product knowledge, while sophisticated investor status rests with trading history, market experience and product knowledge.​