Oanda has recently announced a significant strategic shift in its multi-asset retail trading activities within Europe. The well-known forex broker is scheduled to cease its operations in Malta by March 17 as part of its planned closure. On this date, services under both Retail and Professional Terms of Business will be discontinued. This move allows Oanda to consolidate its operations under one entity based in Poland.

According to the announcement, the business will be transferred to OANDA TMB Brokers, the broker's Polish subsidiary. Given Oanda's market presence, this news has garnered considerable interest among European traders, prompting many to seek comprehensive reviews of Oanda to understand its operations.

While these reviews have provided insight into Oanda's services, they also highlighted the broker's plans to streamline its operations. Oanda already operates under a regulated entity supervised by the Polish Financial Supervision Authority.

This restructuring underscores Oanda's commitment to enabling smarter trading for European traders. The broker will now offer European traders access to a new range of TMS product offerings, including various asset classes and a platform integrated with MT5.

Oanda's influence extends beyond Europe, as it is recognized as one of the top forex brokers in Canada. Users in the region have welcomed Oanda's seamless transition of operations and appreciated the broker's guidance on managing their OEML accounts.

With the introduction of features such as crypto trading and the appointment of new leadership positions, Oanda's users have high expectations for the broker. Combined with its decision to operate from a single entity, this transformation is expected to leverage OANDA's technology stack and multi-asset offerings to better serve its client base across Europe.