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OANDA fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: CFTC/NFA; FCA; ASIC; CIRO; MAS; JFSA and other regional regulators. How OANDA is regulated

Facts last checked . Read the full OANDA review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 1.0-1.2 pips on spread-only pricing
GBP/USD spread
Approx. 1.3-1.6 pips on spread-only pricing
Commission
Approx. $5 per side / $10 round turn on US Core Pricing
All-in cost, EUR/USD
Approx. 1.0 pip on Core Pricing, depending on prevailing raw spread
Spread type
Variable
Overnight swap
Both: financing may be charged or credited
Inactivity fee
Entity-dependent; historically charged after prolonged inactivity in some regions
Deposit fee
Generally none internally
Withdrawal fee
Method/entity-dependent
Currency conversion
Applicable depending on account/product

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

OANDA lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about OANDA fees

Does OANDA charge to deposit or withdraw?

Deposit fees at OANDA: Generally none internally. Withdrawal fees: Method/entity-dependent.

Does OANDA charge an inactivity fee?

OANDA's inactivity fee is recorded as entity-dependent; historically charged after prolonged inactivity in some regions.

What does OANDA charge to hold a position overnight?

Overnight financing at OANDA is recorded as both: financing may be charged or credited.

Fees at brokers under the same regulator

More about OANDA