Spreads and margins

We offer competitive spreads across our full range of CFD markets, including indices, forex, commodities, metals and bonds.

spreads and margins - hero - ocan
OANDA’s spreads and margins

OANDA takes a form of security (or deposit) against any losses that you may incur when you trade using leverage, this collateral is typically referred to as margin. Both margin rates and maximum leverage ratios vary depending upon the instrument traded.

Margin requirements for retail clients are governed by the Canadian Investment Regulatory Organization (CIRO), which sets the minimum margin rates for different asset classes. Margin requirements vary given the base currency of your account.

See margin rates and leverage ratios for retail clients.

Forex
Indices, commodities, metals and bonds
Metals
What is margin?

We offer clients the ability to trade with leverage. This means that you can enter into trades larger than your account balance and trade without depositing the full value of the trade that you wish to open. One of the benefits of trading with leverage is that you could potentially generate large profits relative to the amount invested. On the other hand, trading with leverage could also result in significant, rapid losses to your capital. You cannot, however, lose more than the funds available on your account.

We take a form of security (or deposit) against any losses that you may incur when you trade, this collateral is typically referred to as margin
The margin needed to open each trade is derived from the leverage limit associated with both your account type and the instrument you wish to trade
What are margin rates?

Margin and maximum leverage are governed by the Canadian Investment Regulatory Organization (CIRO), which sets the margin rates and maximum leverage for different asset classes and regularly updates margin rates.

See margin rates and leverage ratios for retail clients.

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Frequently asked questions
Smart answers to common questions.

Does OANDA apply negative balance protection?

Yes. We apply negative balance protection to all new and existing accounts. This helps to limit your liability, safeguard your funds and mitigate the risk of cascading margin calls. Negative balance protection only kicks in when you have no open trades.

If you still have open positions, the balance will remain negative and be covered by unrealised profit and loss.

If you don’t have open positions and close your last trade, we’ll top up your balance to zero.

Trusted by traders all over the world

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

Transparent trading costs

We are upfront about our fees, so you know how much you are paying when you trade with us.

Understanding financing costs

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

Trading with OANDA

Our operation hours coincide with the global financial markets. Find out when you can trade with us.