Discover the User Base of OANDA: How Many Users Do They Have?
When it comes to online foreign exchange trading platforms, OANDA is one of the most well-known names in the industry. Founded in 1996, the company has been a key player in the forex market for over two decades. However, one question that many people ask is: how many users does OANDA have?
It's difficult to give an exact number as OANDA doesn't publish its user statistics publicly. However, according to a 2019 report from Finance Magnates, OANDA had over 160,000 active trading accounts. This number may have changed since then, but it gives us a good idea of how many users OANDA has.
What are active trading accounts?
In the forex trading industry, an active trading account refers to an account that has executed at least one trade within a specific time period, typically 90 days. This means that there were over 160,000 OANDA users who had made at least one trade in the 90 days prior to the report being published.
Why does it matter?
The number of users a forex trading platform has is important for a few reasons. First, it can be an indicator of the platform's popularity and reputation in the industry. A large user base can suggest that the platform is trusted and reliable. Second, a larger user base can result in more liquidity in the market, which can lead to tighter spreads and better execution for traders. Finally, a larger user base can provide a wider variety of trading opportunities and social trading options for users.
While the exact number of users OANDA has is not public, we can estimate that it has over 160,000 active trading accounts based on a 2019 report. The number of users a forex trading platform has is important for various reasons, including its reputation, liquidity, and trading opportunities.