With TradeHero and OANDA, Trading Forex Is Game On
● TradeHero partners with OANDA to launch virtual currency and precious metal trading
● Trade 10 major currencies, gold and silver virtually
Singapore, 18 March 2015 – TradeHero, the world’s leading financial learning and stock market simulation app, has linked platforms with OANDA, a leading online forex broker and provider of innovative forex exchange services, to bring virtual currency and precious metals trading to TradeHero’s free-to-download mobile app.
TradeHero now draws real-time data from OANDA’s online forex trading system, which features one of the world’s largest historical, high frequency, filtered currency databases, so that users can trade 10 major global currencies, as well as gold and silver.
Dinesh Bhatia, CEO and Co-Founder at MyHero said, “TradeHero works closely with financial institutions, stock exchanges, banks and brokerage houses, leveraging our platform to educate the investor and financial community. By working with financial partners such as OANDA, we empower individuals to be a part of the multi-trillion dollar forex, metals and stock trading markets.”
According to the Bank for International Settlements, actual forex trading was a US$5.2 trillion a day market in 2013, and is forecast to grow steadily.
Gavin Ward, Head of Greater China at OANDA said, “Forex trading is traditionally driven by banks and large investment groups, and is mostly shut off to small, individual investors. From day one, OANDA was established to change that. The partnership with TradeHero opens us to millions of app users who are engaged and willing to learn the fundamentals of currency trading. Not only do end users pick up nuances of how to invest, but it also facilitates making the jump from virtual to actual trading once they have a better understanding of currencies.”
TradeHero is the number one finance app in 91 countries, and in the top 10 in 127 countries, with over 2.5 million users. It was launched as a mobile stock market simulation app that pulled data from 28 major global stock exchanges. It has now expanded to include currency and metals as separate asset classes. Both its iOS and Android versions are available as a free download, and are available in English and in Chinese (全民股神). The Chinese language app 全民股神 has been downloaded over a million times since November 2014. It is ranked first among newly released finance apps on App Store China, and in the top 15 free Chinese-language financial apps.