OANDA offers spreads from 0.2 pips on the Core account, 1 pip on the Standard account, and 1.6 pips on the Swap-free Account. Fees and spreads of accounts vary depending on the account type that is being used by the trader.
Types of Account Spreads
| ✔️ Standard Account | 📈 spreads from 1 pip EUR/USD |
| ✔️ Core Account | 📈 spreads from 0.2 pips EUR/USD. |
| ✔️ Swap-free Account | 📈 spreads from 1.6 pips EUR/USD. |
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Oanda Fees and Spreads – 5 key points quick overview:
Oanda Fees and Spreads
Oanda’s spread list starts from 0.2 pips EUR/USD.
The spreads which are charged by Oanda will depend on the account type that traders use along with the financial instrument which is being traded.
There are no commissions charged as the price is included in the spread.
Additional Trading Fees
When traders keep positions open on certain instruments, such as forex, there are overnight fees, also known as swap fees, which will be debited/credited depending on the position size, financial instrument, and whether the trader has a long or short position.
Muslim traders who follow the Sharia law are prohibited from paying/receiving any type of interest. Where most forex brokers offer Muslim traders the option of converting their live trading account into an Islamic or Swap-free account, Oanda does not offer this option.
Muslim traders who use Oanda must therefore use the Swap-free account.
As Oanda is not a spread betting broker, spread betting fees will not apply.
Broker Fees
Oanda does not charge any deposit fees but there are withdrawal fees charged when traders use bank wire transfer. Traders who use bank wire transfer to withdraw funds are charged with a 20 EUR, 150 HKD, 20 USD, or 285 ZAR fee.
There are no other broker fees indicated, apart from those mentioned in this review. However, conditions may change, and traders are urged to verify all trading and non-trading fees before they register a live trading account.
Traders must also acknowledge that their financial institution may charge additional processing fees on deposits from and withdrawals to their bank account. These fees must be verified before traders register a live account and deposit funds.
Oanda Pros and Cons
| ✔️Pros | ❌Cons |
| Most accounts are commission-free | None noted |
| Competitive trading conditions | Withdrawal fees charged |
| Deposit fees not charged |
Oanda at a glance
| Category | Information |
| 🏢 Company Information | |
| 🗓️ Year Founded | 1996 |
| 👔 Current CEO | Gavin Bambury |
| 👨💼 Founder/s | Michael Stumm, Richard Olsen |
| 👥 Amount of Staff | 600+ |
| 📊 Amount of Active Traders | 100,000+ |
| 📈 Publicly Traded (Listed Company) | No |
| 🛡️ Regulation and Security | |
| 🏦 Regulation | FCA, CFTC, ASIC, MAS, IIROC |
| 🌍 Country of Regulation | UK, US, Australia, Singapore, Canada |
| 💼 Account Segregation | Yes |
| ❌ Negative Balance Protection | Yes |
| 🔐 Two-step Authentication | Yes |
| 🛡️ Investor Protection Schemes | Yes (For FCA-regulated clients) |
| 🗂️ Account Types and Features | |
| 🏢 Institutional Accounts | Yes |
| 🤝 Managed Accounts | No |
| 💱 Minor Account Currencies | EUR, GBP, AUD, etc. |
| 💵 Minimum Deposit | No minimum deposit |
| 📊 Trading Conditions | |
| 💰 Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💸 Fund Withdrawal Fee | $0 for debit/credit cards, bank charges may apply |
| 📉 Spreads From | 0.8 pips (EUR/USD) |
| 💼 Commissions | No commissions on standard accounts |
| 💱 Number of Base Currencies Supported | 9+ |
| 📈 Swap Fees | Applicable |
| ⚖️ Leverage | Up to 50:1 (depends on region) |
| 📉 Margin Requirements | 2% |
| 🕌 Islamic Account (Swap-Free) | Yes |
| 🧑💻 Demo Account | Yes |
| ⏱️ Order Execution Time | < 1 ms |
| 🖥️ VPS Hosting | Yes (via third-party providers) |
| 📈 Trading Instruments | |
| 📊 CFDs - Total Offered | 120+ |
| 📉 CFD Stock Indices | 16+ |
| 🛢️ CFD Commodities | 30+ |
| 🏦 CFD Shares | 500+ |
| 👀 Watch List | Yes |
| 🔔 Trade Alerts | Yes |
| 📈 Trading Stocks with GP | Yes |
| 📉 Trading Indices with GP | Yes |
| 🔄 Swap on Trading Board | Yes |
| 💰 Deposits and Withdrawals | |
| 🏦 Deposit Options | Bank transfer, Credit/Debit Cards, PayPal |
| 💸 Withdrawal Options | Bank transfer, Credit/Debit Cards, PayPal |
| 🎁 Welcome Bonus | No |
| 💻 Trading Platforms and Tools | |
| 📊 Trading Platforms | OANDA fxTrade, MetaTrader 4 (MT4) |
| 🛑 Stop-Loss Instrument | Yes |
| 🛡️ Investor Protection Schemes | Yes |
| 💻 OS Compatibility | Windows, Mac, Android, iOS |
| 🛠️ Forex Trading Tools | Yes (including technical analysis tools) |
| 📞 Customer Support | |
| 💬 Live Chat Availability | Yes (24/5) |
| 📧 Customer Support Email Address | frontdesk@oanda.com |
| 📞 Customer Support Contact Number | +1 877 626 3239 |
| 🌐 Languages Supported on OANDA Website | English, French, Spanish, etc. |
| 🎓 Educational Resources and Support | |
| 🧑🏫 Beginners Trader Friendly UX | Yes |
| 📚 Forex Course | Yes |
| 🎥 Webinars | Yes |
| 📖 Educational Resources | Yes |
| 🤝 Partnerships and Programs | |
| 👥 Affiliate Program? | Yes |
| 🤝 Amount of Partners | 10+ |
| 👨💼 IB Program | Yes |
| 🎯 Do They Sponsor Any Notable Events or Teams? | No |
| 💵 Rebate Program | No |
| 🗣️ Community Forum | Yes |
| 🌐 Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🌍 Social Media and Website Links | |
| 🌐 Official Website Address | www.oanda.com |
| 📘 Official Facebook Page | OANDA Facebook |
| 🐦 Official Twitter Page | OANDA Twitter |
| 🎥 Official YouTube Channel | OANDA YouTube |
| 👔 Official LinkedIn Page | OANDA LinkedIn |
| 📸 Official Instagram Page | OANDA Instagram |
| 🌍 South African Traders | |
| ✅ Accept South Africa Traders? | Yes |
| ⚖️ Is OANDA Regulated by the South Africa Regulatory Body (FSCA)? | No |
| 💼 Does OANDA Offer an Affiliate Program for South African Traders? | Yes |
| 💱 Does OANDA Allow Accounts to be Opened in ZAR / Rands? | No |
| 🚀Sign up | Open Account |
You might also like: OANDA Review
You might also like: OANDA Account Types Overview
You might also like: OANDA Demo Account – Step by Step
You might also like: OANDA Minimum Deposit
You might also like: OANDA Sign up Bonus
Conclusion
OANDA offers spreads from 0.2 pips to 1.6 pips. Traders can with confidence try out trading with Oanda since the company is regulated by top-tier regulators, there is no minimum deposit, and its inactivity fee only kicks in after two years.
Frequently Asked Questions
Does Oanda have low spreads?
Core pricing spreads with Oanda starts from a low 0.0 with a $50 commissions per 1M.
Does Oanda offer leverage?
Yes. Traders with Oanda have access to leverage up to 1:200.
Does Oanda charge commission?
Oanda does not charge commissions on trades as it is included in the spread.
Which platforms are supported by Oanda?
MetaTrader 4 , MetaTrader 5 and Oanda Platform.
Top 4 Brokers
