Oanda Fees and Commissions Revealed

Introduction

Oanda is one of the oldest CFD and forex brokers since 1996. It’s originally founded in America, and regulated by top-tier regulators like FCA and CFTC.

Please note that Oanda fees may vary from account type to another. Please read the following sections for more information.

Commissions

You only pay a fixed commission per trade. The total cost for each trade will be the sum of the applicable core spread plus commission. Our core pricing spreads start from 0.1, with $40 commission per million USD traded.

Trading Fees

Forex

The minimum forex spread is 0.2 pips per lot.

Indices

For indices, the spread ranges between 3.7 and 11 pips.

Commodities

For commodities, Oanda’s spread ranges between 1.6 and 40 pips for natural gas and copper respectively.

Metals

The spread ranges between 0 and 367 pips for silver and gold respectively.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

• Account fee: $0
• Deposit fees: $0
• Withdrawal fees: $0
• Inactivity fee: £10 per month after one year of inactivity

FAQs

1. Does Oanda allow bot trading?

• Yes, you can develop automated trading strategies with our API from the developer portal of Oanda.

1. Does Oanda give a bonus?

• Unfortunately, you will not find any mention of any such promotion on the OANDA site.

1. Does Oanda allow scalping?

• Yes, Oanda does allow scalping and hedging.

1. When trading forex, will you lose more than your initial deposit?

• Both our MetaTrader 4 and Oanda web trading platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
• Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.

1. Does Oanda accept payments from third parties?

• No, as you can only deposit money from accounts that are in your name.

1. Can I transfer funds between my OANDA sub-accounts?

• Ytes, you can transfer your money between your main account and any of your sub-accounts.