Our charges and fees

Find out about our charges and fees, so you know exactly how much you are paying when you trade with us.

Our charges hero
Deposits

We do not charge deposit fees. Please note, however, that you may be charged by your payment provider or bank when depositing funds into your account.

See deposit FAQs

Debit card

We don’t charge a fee for accepting deposits via debit card. But your bank may charge a service fee when you deposit funds by debit card.

PayPal

When you deposit funds, PayPal charges a service fee, plus a percentage of the total amount deposited. This amount will be deducted from your deposit. PayPal fees can change at any time.

Bank wire transfer

It takes one to three business days to deposit funds via domestic wire transfer and up to five business days for international wire transfers. There is no minimum or maximum deposit limit. You may be charged a service fee by your bank and intermediary bank for transferring funds into your OANDA trading account.

Withdrawals

Our withdrawal fees vary depending on the withdrawal method used.

See withdrawal FAQs

PayPal

We do not charge a fee for withdrawals made to your PayPal account.

Bank transfer

Withdrawals made by bank transfer will incur a fee. Fees vary dependent on your account currency and how many other bank transfer withdrawals you have made within the same calendar month.

Our financing costs

We apply a holding/duration charge or credit for positions kept open over time. Our financing rates are a function of the underlying market rates for these instruments. These fees combine the rates our liquidity providers charge, plus an admin fee.

See financing costs

Inactivity fees

An inactivity fee is a monthly charge that is levied on your account if there has been no trading activity for a period of 12 months. Please note, inactivity fees will not be charged when there is an open position.

When inactivity fees are due, they are levied first on your sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of CAD10 per client has been debited each month. The amount claimed is converted to each sub-account’s home currency.

Inactivity fees will be applied to inactive accounts on the third last weekday of each month. Levying of inactivity fees will not result in a negative balance on any of your accounts.

Your account will be charged until one of the following conditions are met:

You close your account
You resume trading on your account
The balance on your account is reduced to zero

If you have resumed trading after inactivity fees have been levied, you can request a rebate of up to 3 months’ worth of the inactivity fees based on how many months you have been charged.

Want to deposit funds into your account and continue to trade? See how to fund your account.

If you would like to deposit funds into your account and continue to trade, please refer to our 'How to fund your account' FAQ.

Currency conversion fees

You’ll incur a conversion charge when:

You trade an instrument in a currency that is different from your account currency
The realized profit or loss, fees and/or commissions related to trading instruments have a different quote currency to your account currency

This charge is based on the prevailing mid-price of the applicable FX spot rate for the conversion, plus an additional spread of 0.5%.

Let’s say you’re placing a EUR/JPY trade in a USD-based account. Your trade settles in JPY and is then immediately converted to USD at the JPY/USD mid-price +/-0.5%.

If this trade resulted in JPY10,000 of profit, the cost of converting it back to USD would be approximately USD0.47 based on current market rates at the time of calculating.

See more details about currency conversions in the FAQs below.

Frequently asked questions
Smart answers to common questions.

How can I fund my OANDA trading account?

To initiate your first deposit into your OANDA trading account, simply select the ‘manage funds’ tab after logging in to your account. This takes you to the My Funds page, where you can make deposits, withdrawals and transfers between your accounts.

Already have a live trading account?

It's easy to fund your account using one of the following payment methods.

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Trusted by traders all over the world

With over 25 years of experience, the OANDA Group offers leading tools, powerful platforms and transparent pricing.

Understanding financing costs

Financing costs can affect your cost of trading, so it's important to understand how financing works.

Accounts for every type of trader

Our accounts offer institutional-grade execution, a relationship manager, 24-hour support and more.

Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.