OANDA Global Corporation has shared its latest initiative, the OANDA Labs Trader program, introducing a unique approach to trading that revolves around profit sharing. This program is specifically for residents in countries getting help from OANDA’s Global Markets division.
The OANDA Labs Trader program offers talented private investors and self-directed traders a distinctive opportunity to become signal providers on a profit-sharing basis for OANDA’s proprietary trading business. In order to qualify for profit-sharing, traders must successfully pass an assessment through a trading Challenge—an innovative demo environment allowing them to test their strategies and skills using virtual funds.
OANDA Labs Trader Program, Empowering Traders Worldwide
Kurt vom Scheidt, Chief Operating Officer of OANDA, emphasized the company’s vision of enabling smarter trading for clients. He stated, “Through this program, the most capable traders are empowered with streamlined access to global financial markets across a range of asset classes.” Vom Scheidt added that successful OANDA Labs Traders would not only earn a share of profits generated through virtual funds but also receive essential tools such as educational materials and exclusive data-driven features and widgets to enhance their trading capabilities.
The program not only provides traders with access to an OANDA Labs Trader account upon passing the assessment but also allows them to share in the profits and losses they generate. OANDA’s proprietary trading models utilize signals produced by OANDA Labs Traders in conjunction with other variables to guide the company’s market positioning decisions.
Recognizing the inherent risks involved, OANDA requires potential OANDA Labs Traders to undergo an assessment to qualify for the program. This assessment is going to demonstrate their ability to generate profits and effectively manage risks. While the capital provided in the OANDA Labs Trader account is virtual, successful traders will receive a share of the profits generated in their accounts.
OANDA Labs Traders also benefit from access to OANDA’s technology and market relationships, providing them with the necessary resources to leverage their trading skills and create profitable signals. The launch of the OANDA Labs Trader program reflects OANDA’s commitment to fostering innovation in the trading community and expanding its proprietary trading activity by incorporating valuable signals from skilled traders.
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