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OANDA fees

Cost is where brokers in the same regulatory bracket actually differ. The full fee record for OANDA, from the database.

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 where brokers in the same regulatory bracket actually differ.

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

What is the EUR/USD spread at OANDA?

OANDA records an average EUR/USD spread of approx. 1.0-1.2 pips on spread-only pricing on a variable pricing model.

Does OANDA charge commission?

OANDA's commission is Approx. $5 per side / $10 round turn on US Core Pricing. A commission account usually pairs with a tighter spread, so the two have to be read together.

Does OANDA charge an inactivity fee?

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

Fees at brokers under the same regulator

More about OANDA