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Canada-based forex brokerage group Oanda has launched Oanda Prototypes, a new website for sharing and gathering information about the functionality and design of fxTrade, Oanda’s proprietary trading platform.
The Oanda Protptypes projects are developed by the company’s Trading Applications team and enables traders using fxTrade to become part of the design and development process. However, it seems users are not intended to submit ideas for new projects, at least as of now.
On the website, prototypes.oanda.com, the broker has listed new features it has added to the platform. It calls on frequent fxTrade users to join the projects and provide feedback to the platform’s development team. Betatesting is available for desktop and mobile users (in beta testing). Currently, there are several open projects. Below is a full list of them with short description, as provided by Oanda:
fxTrade is available as a desktop and mobile application. Its main aim is to reduce trading costs and speed up execution. In late September last year, Ed Eger, the broker’s head, announced Oanda seeked to reposition the trading platform to a data and payment platform as this would eventually boost Oanda’s revenue from data and payment services, while still focusing on forex trading.
In addition to fxTrade, Oanda also offers MetaTrader 4 (MT4), the most widely used forex trading platform. Last year the broker also integrated TradingView’s charting and trading solutions to fxTrade, making available to its clients some 60 pre-built technical indicators.
Oanda offers forex, contracts for difference (CFDs), and precious metals. The broker operates through offices in San Francisco, Toronto, New York, London, Singapore, Tokyo, and Sydney. The group is regulated by the relevant authorities in the US, Singapore, Canada, the UK, Japan, and Australia.