Overall, Oanda offers cashback Forex Rebates on MetaTrader 4 and FxTrade up to $1 per 100K USD traded.
| 💰 Oanda Cashback Forex Rebates | 📊 MT4 | 📊 FxTrade |
| ℹ️ Forex | 1 USD per Standard Lot (100,000) USD traded | 1 USD per Standard Lot (100,000) USD traded |
| ℹ️ Payment Frequency | Monthly Cashback | Monthly Cashback |
A Quick Overview of our Oanda Cashback Forex Rebates Review:
☑️ OANDA Rebates System Overview
☑️ OANDA Conditions and Notes on Forex Rebates
☑️ How to Open a Forex Cashback Account with OANDA (via SAShares)
☑️ OANDA Forex Rebates Frequently Asked Questions
OANDA Rebates System Overview
In 2025, OANDA enhanced its Advanced Trader loyalty program to offer cash rebates to high-volume customers. Based on their deposits and monthly trading volumes, South African Advanced account holders can earn up to $15 per million in rebates.
Alternately, South Africans can use OANDA’s core pricing model to reduce their commission fees by up to $15 per million, affording them unprecedented flexibility.
The Advanced Trader program features a tiered structure with four distinct levels that give South African participants different rewards based on their monthly trading volume and deposit amounts.
| 💰 OANDA Rebates System Overview | 💰 Minimum Deposit / Account Balance | 📊 Trading Volume | 💰 Rebates or Commission Reduction |
| ℹ️ Tier 1 | $10,000 per year | <$10 million | $0 |
| ℹ️ Tier 2 | $10,000> per year | >$10 million | $5 per million |
| ℹ️ Tier 3 | $100,000 per year | $10 million / $100 million> | $10 per million |
| ℹ️ Tier 4 | $250,000 per year | $500 million> | $15 per million |
Regardless of their account type, South African traders can access premium services like one-on-one assistance from a dedicated relationship manager, free wire transfers without limits, robust and sophisticated trading tools, and integration with third-party platforms.
With SA Shares, for instance, South Africans can register an account with OANDA to earn up to 30% in rebates according to the financial instrument they trade and the account type they use when participating in the rebates program.
OANDA Rebates Payments
OANDA offers South Africans flexible deposit and withdrawal options, including Local and International Transfers, Skrill, Neteller, Mobile Bank Transfers, International e-wallets, Bank Wire, Credit/Debit Cards, and more, all backed by a 100% guarantee of prompt service.
OANDA Conditions and Notes on Forex Rebates
| ✅ The rebates program is not available to South African clients referred by an introducing broker or currently receiving benefits from certain third-party OANDA affiliates. |
| ✅ South Africans who received spread or commission markdowns because of previous promotions are not eligible for rebates. However, you can email OANDA directly if you currently receive a pricing discount associated with a previous offer and wish to learn how to qualify for refunds. |
| ✅ Commission reductions will be implemented during the first week of the following calendar month. According to OANDA's terms and conditions, all deposits minus all withdrawals constitute deposits. |
| ✅ The monthly trading volume and initial deposit determine the four levels of the Advanced Trader program. |
| ✅ Monthly reviews of loyalty program tiers will use the previous month's USD trading volume for all accounts associated with a particular username. |
| ✅ Rebates are typically credited within 15 business days following the start of the following month. |
How to Open a Forex Cashback Account with OANDA (via SAShares)
You can follow these steps to register for a Forex Cashback Account with OANDA via SAShares.
New Accounts
If you do not have an existing account with OANDA, you can easily obtain a cashback rebate in three easy steps.
Step 1
Visit the OANDA website and click “Open Account.”
Step 2
Submit your Trading ID to us: [SAShares]
For Example:
To: [SAShares]
Subject: New OANDA Rebate Application
“Dear SAShares Team,
Please view my OANDA Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
Step 3
Wait for approval, which will be sent within [number of hours]. Once approval is given, you will automatically receive your cashback rebates from the OANDA system.
Existing Accounts
If you have an existing OANDA account, you can get a cashback rebate by following these easy steps.
Step 1
Send an email to OANDA: frontdesk@oanda.com
Request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]
For Example:
To: [SAShares]
Subject: Account Transfer Request
“Dear OANDA Partner/Affiliate Team,
I would hereby like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would hereby like to request to be assigned under mentioned IB regardless of whether my account falls under an umbrella or parent IB.”
Step 2
Once you receive confirmation of the transfer from OANDA, you can create an additional trading account.
Step 3
Lastly, you can send your Trading or Client ID to [SAShares].
For Example:
To: [SAShares]
Subject: New OANDA Rebate Application
“Dear SAShares Team,
Please view my OANDA Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.
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OANDA Forex Rebates Frequently Asked Questions
What is OANDA’s rebates program?
OANDA’s rebates program allows traders to earn cash back on their trades. The amount of cashback depends on the trading volume and the type of account. Traders can earn up to 0.5 pips per trade on forex trades and up to $5 per million units traded on CFDs.
What platforms does OANDA offer?
OANDA offers several trading platforms, including its proprietary platform, the OANDA Trade platform, and the popular MetaTrader 4 (MT4) platform.
What are OANDA’s commission rates?
OANDA does not charge commissions on forex trades but makes money through its spreads. Therefore, the commission on CFD trades varies depending on the instrument being traded.
Does OANDA offer promotions?
OANDA occasionally offers promotions for new clients, such as deposit bonuses or reduced spreads. These promotions are usually limited-time offers and may have certain conditions attached.
Why is OANDA’s spread so high?
OANDA’s spreads are generally higher than some other brokers because it offers a high level of transparency and does not engage in price markups. Instead, it offers raw spreads with no hidden fees or markups.
Is OANDA free?
OANDA does not charge any fees for opening or maintaining an account. However, trading fees may be associated, such as spreads or overnight financing charges.
What is the minimum deposit for OANDA?
OANDA has a flexible minimum deposit for South Africans, with no set amount. Furthermore, full verification is not required for deposits below $9,000 (163,000 ZAR).
Should I choose OANDA’s commission or spread pricing?
Choosing OANDA’s commission or spread pricing depends on your trading strategy and the instruments you plan to trade.
Furthermore, commission pricing may be more cost-effective if you plan to trade frequently. On the other hand, if you plan to hold positions longer, spread pricing may be more suitable.
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