OANDA in Partnership with MultiCharts as It Expands its Options
Canadian retail FX firm OANDA has entered into a partnership with MultiCharts, a multi-asset trading platform, in order to expand the range of trading opportunities available to its clients.
At the moment, the two firms are beta-testing an OANDA plug-in on MultiCharts. Anybody who wishes is eligible to take part in the test.
If all turns out well, OANDA will connect its data feed to the MultiCharts platforms, hence making it one of the 27 such providers. It will be also one of the 32 brokers supported by MultiCharts.
The partnership marks years of negotiations between MultiCharts and OANDA. The talks started in 2010, but were held back by reluctance by OANDA, which wanted to provide FX services to its clients through fxTrade and subsequently through MetaTrader 4.
However, the partnership was reinvigorated this summer, resulting in the ongoing beta-tests. This indicates the commitment by OANDA to continue partnering with leading firms such as MT4 and thus provide quality trading options to its clients. OANDA recently severed ties with social trading platform Currensee, an acquisition it made a year ago.
MultiCharts is widely reputed for its independence as it allows clients to easily alternate between several options or choose at least one broker to trade with. This gives a trader access to more than one data feeds to analyze. This makes the platform ideal for IT developers looking to test their automated trading strategies or indicators via data feeds sourced from various brokers.
MultiCharts has a solid reputation for its backtesting capabilities, real-time portfolio trading as well as technical analysis functionalities.