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OANDA Reaches a Billion Transactions

US based Forex Broker OANDA, celebrates transaction No. 1,000,000,000. To celebrate this event, OANDA granted prizes to the traders that performed the first three trades following the billionth transaction.

OANDA recently won the “Best Global Forex Broker” award from IBTimes. More details about the winners are here:

London, August 22, 2012 “” OANDA, a provider of innovative online trading services, has executed its one-billionth transaction as an online broker.

The company hosted its fxTrade Race to the Billionth Transaction contest to celebrate the milestone with cash prizes awarded for the first three trades made immediately after the transaction counter on OANDA’s trading platform hit 1,000,000,000.
Alejandro Garcia of California, USA was awarded the Gold prize of $10,000 USD; Xinxi Wang of Singapore, Singapore was awarded the Silver prize of $1,000 USD; and Liguang Wang of Beijing, China was awarded the Bronze prize of $500 USD.
The Gold winner, Alejandro Garcia, began trading currencies in the late 1990s and has traded with OANDA since 2002. “I trade with OANDA because it’s the best forex broker in the world, with game-changing ideas they have put into practice,” he said. “I love the tight spreads, the variable units and the second-by-second interest payments. These three things put the forex market within reach of everyday people and level the playing field.”
Garcia added, “OANDA is so far ahead of the curve that I believe they have the opportunity to revolutionize not only forex, but all financial markets.”
According to Tony Savor, Chief Technology Officer at OANDA, the billionth transaction milestone highlights the flexibility of the company’s fxTrade trading platform and reflects the loyalty of OANDA’s customers.
“Investors can trade any amount from a single unit to ten million units on OANDA’s platform, without having to round up or down to fit the pre-established lot sizes typically demanded by other dealers,” Savor explained. “We let traders choose their own lot sizes to best reflect their own capital and trading strategies and appreciate how they continue to select OANDA as a result.”
Savor added, “The advanced algorithms in our trading system are designed to net a huge volume of small tickets simultaneously at super-high speeds. As the counterparty to all transactions in our market, our system allows us to provide best-in-class execution for our clients.”

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.