Oanda, probably the biggest forex broker, is now supported on Currensee. Oanda traders can now share their trades and use Currensee’s social network for free. Hopefully all forex brokers will adopt a transparent policy with social sites such as Currensee.
According to some estimates, Oanda is the biggest forex broker, at least in the US. Up to now, Oanda didn’t appear on Currensee’s long list of supported brokers: over 100.
As far as I understood, there were some technical issues that took time to resolve. Finally, the engineers on both sides have completed the integration and Oanda traders can now share their trades, see what the community is doing and enjoy the wide variety of tools that Currensee offers traders.
Are you an Oanda trader? You’re welcome to try out the platform.
Here’s the official press release:
Currensee Forex social network now connects OANDA traders
Provides first real-time API connection for OANDA traders and ability to join Currensee
Boston, MA – March 2, 2010 – Currensee, Inc. (www.currensee.com), the first Forex trading social network connecting traders from around the world based on real-time trades, today announced the first of its kind, real-time support for OANDA utilizing the OANDA API. This secure, automatic connection enables OANDA traders from around the world to join Currensee for free and link their live, OANDA brokerage account.
“OANDA provides a transparent and very innovative service to their traders and we’re happy to have them as a partner,” said Asaf Yigal Co-founder Currensee. “We’ve had hundreds of OANDA traders request to join Currensee and access their real-time trade information and we knew OANDA would be a great broker for our network. There are several companies out there using back door approaches to get the data from the OANDA platform but it’s not scalable and, most importantly, it’s not real-time. We worked closely with the OANDA team to bring the power of the OANDA data together with real-time trade collaboration.”
Currensee brings trust and transparency to Forex trading by sharing real-time information on the actual trades its members are making. To join, members create a Currensee profile that connects to their live OANDA brokerage account through the secure API. Traders can continue to execute trades as they always would through their broker and can now measure their performance, share real-time trade data, and collaborate with others in a completely transparent manner on Currensee.
“OANDA believes Forex traders benefit from the power of online communities and open access to information,” said Paul Jeszenszky Head of Marketing at OANDA. “Currensee has shown a commitment to both and we’re glad our clients now have access to their platform.”
Currensee welcomes OANDA traders to join the Currensee trading social network today at www.currensee.com/oanda.
Currensee brings trust and transparency to retail Forex trading. The Currensee trading social network connects retail Forex traders from around the world so they can see each other’s actual trades and share trading strategies in real-time to make more informed trade decisions. Currensee traders from over 70 countries have become members of the trading social network and linked their live brokerage accounts with one of the 100+ brokers supported by the platform. The unique Currensee Market Watch Social Indicators™ aggregate the wisdom of the network and deliver social trade data and a new way to look at the market. Currensee is funded by North Bridge Venture Partners and Egan Managed Capital and is a member of the National Futures Association. For more information, visit us at www.currensee.com. Follow us on Facebook (www.facebook.com/currensee) and Twitter (www.twitter.com/currensee).
OANDA started in 1995 as the first online provider of comprehensive currency exchange information. Since then the OANDA Rate® has become the touchstone for corporations, tax authorities, auditing firms and even central banks. In 2001 OANDA launched FXTrade, the first fully automated online Forex trading platform, and the first to offer immediate execution, support trades and accounts of any size, enable true 24/7 trading, and eliminate the rollover swap by calculating interest by the second. OANDA’s innovative technology has enabled it to sustain a large trading volume. Peak performance has been measured at 1.5 million trades a day, far exceeding the volume typically handled through any of the leading global banks or electronic communication networks (ECNs) that trade Forex. OANDA Corporation is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). OANDA Asia Pacific Pte Ltd is regulated by the Monetary Authority of Singapore with a Capital Markets Services license. OANDA Middle East Corporation Ltd. has a license from the Dubai Financial Services Authority (DFSA).
Disclosure: I’m affiliated with Currensee.Get the 5 most predictable currency pairs