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OANDA shutters Malta subsidiary, clients migrated to Poland

From financefeeds.com

FX brokerage firm OANDA is planning to exit Malta and consolidate its operations in Europe under one regulated entity, namely its business registered in Warsaw, Poland. The broker has set the date for the planned closure of its operations under the Maltese license, which operates under the brand name OANDA Europe Markets Ltd (“OEML”), on 17 March 2023. OEML’s clients will be transferred to OANDA TMS, which is supervised by the Polish Financial Supervision Authority. In 2020, OANDA acquired the Polish broker Dom Maklerski TMS Brokers SA, aka TMS Brokers, to grow across the Baltic countries. Established in 1997, TMS ... (full story)

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