Delete Oanda Account | End Your Oanda Journey

In some cases, you may want to close your Oanda account. This can happen because one or more of the following points:

  • You’re not able to trade anymore
  • You find that the Oanda broker is not suitable for you after some time trading and you find an alternative broker to trade on
  • You did not have a good trading experience using Oanda or have some problems while you’re using it for some time.
  • You don’t want to be charged with inactivity fees and have no intention to come back.

For these reasons and more, Oanda provides an option to delete your account permanently if you no longer want to trade with it anymore.

Note:

Oanda does charge £10 each month as an inactivity fee for traders who are not active for 1 year.

Steps to delete your account

  1. To delete your account properly you should firstly withdraw your money in the account.

 

The following table shows the withdrawal options from Oanda Broker along with their fees.

  • Credit or debit cards
  • Paypal
  • Paysafe (formerly Skrill)
  • Neteller
  • Wire transfers

Oanda withdrawal methods and fees

 

Oanda

Bank Transfers

Yes

Credit cards

Yes

Electronic wallet

Yes

Fee

$0

(for credit/ debit cards)

  • Oanda does charge $0 fees for withdrawals using debit cards. The first credit card withdrawal each month is also free of charge.
  • For withdrawals using bank transfers, Oanda does charge a fee of $25.

The withdrawal process takes 2 – 3 business days in the best case scenario.

  1. The next step will be to fill out the feedback form and mention that you want to cancel your subscription to Oanda. Then, the Oanda team will process your request.

Note:

Please note that the demo account is deleted automatically after a specific period of time, but you need to close your live account if you want to be not charged with any inactivity fees.

 



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