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.
Deposit and withdrawal costs
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.
Credit card
Your credit card provider may charge transaction and international processing fees. Please check with your credit card provider to determine the charges.
Debit card
Your bank may charge you a service fee when you use your debit card to deposit funds in your OANDA account.
Internet banking transfer
Your bank may charge a service fee for depositing funds into your account. Intermediary banks may also deduct fees, resulting in a smaller incoming amount.
Bank wire transfer
Your bank may charge a service fee for depositing funds into your account.
Our financing fees
We apply a holding/duration charge or credit for positions kept open over time. These are calculated in relation to positions maintained on a continuous basis rather than a daily basis.
Inactivity fees
An inactivity fee is a monthly charge we apply to your account if you haven’t traded for a period of 12 months. We won’t charge inactivity fees when you have open positions.
When inactivity fees are due, we’ll first charge your sub-account with the smallest balance and continue to debit from sub-accounts until a maximum of AUD 20 has been debited each month. The amount we claim will be converted to each of your sub accounts’ home currency.
We’ll apply inactivity fees to inactive accounts on the third last weekday of each month. Charging inactivity fees won’t result in a negative balance on any of your accounts.
We’ll stop charging inactivity fees when you meet one of the following conditions:
Resumed trading?
If you have resumed trading after inactivity fees have been levied, you can request a rebate of up to three months’ worth of the inactivity fees based on how many months you have been charged. 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
When you trade an instrument in a currency that is different from your account currency, the realised profit or loss and any associated adjustments will be converted to the currency of your account at our prevailing currency exchange rate. This conversion rate is calculated by applying a 1.0% mark-up or mark-down (depending on whether a debit or credit is to be applied to your account) to the mid price (buy + sell price divided in half) at the time of conversion. Please note, this fee applies only on v20 and v20 MT4 sub-accounts.
See an example of how currency conversion is calculated in our FAQs section below.
Costs and fees of trading share CFDs
Opening and closing share CFD trades will result in charges. You will be charged a percentage of the notional value of your position, the percentage value varies based on the instrument traded and is detailed below:
| Type of charge | Opening a position | Closing a position |
|---|---|---|
| For the execution of CFDs on Belgian shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on Danish shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on Finnish shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on French shares | 0.06% of position notional | 0.06% of position notional |
| For the execution of CFDs on German shares | 0.06% of position notional | 0.06% of position notional |
| For the execution of CFDs on Dutch shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on Portuguese shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on Spanish shares | 0.06% of position notional | 0.06% of position notional |
| For the execution of CFDs on Swedish shares | 0.08% of position notional | 0.08% of position notional |
| For the execution of CFDs on US shares | 0.06% of position notional | 0.06% of position notional |
| For the execution of CFDs on UK Shares | 0.06% of position notional | 0.06% of position notional |
Effortless account opening in minutes.
Go from application to trading in three easy steps:
Fill in our app form
Wait for account activation^
Login, fund and trade
^Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
Already have a live trading account?
It's easy to fund your account using one of the following payment methods.
FAQs
To initiate your first deposit into your OANDA trading account, simply select the ‘manage funds’ tab after logging into your account. This takes you to the ‘My Funds’ page, where you can make deposits, withdrawals and transfers between your accounts.
You can withdraw funds from your OANDA account via credit/debit card, online banking and bank wire transfer. Funds can be withdrawn by selecting the ‘manage funds’ tab after you log in to your OANDA account, this brings you to the ‘My Funds’ system.
Irrespective of funding method, you can request a withdrawal to any verified bank account. Find out more about how you can withdraw funds from your account.
We apply a holding/ duration charge or credit for positions kept open over time. These are calculated in relation to positions maintained on a continuous basis rather than a daily basis. View fees.
Trading products denominated in a currency that is different from your Account's Home currency will incur home currency conversion fees that reflect the cost of actual cash settlements.
We charge a fee equal to 1.0% of the relevant mid-market exchange rate at the time of conversion.
Home currency conversion fees are applicable when a trade/transaction is in an Instrument with a Quote currency other than your Account’s Home currency. Home currency conversion fees are applied to any realised profits and losses, adjustments, fees and charges that are denominated in a currency that differs from your Account’s Home currency.
You can see the currency conversion rates that have been applied to your cash balance postings to your Account in your Transaction History report under the CONVERSION RATE column.
The following Formula and Example show how amounts are converted for settlement (aka cash posting) in your Account’s Home currency:
Formula
Mid Conversion price = (Top of Book Bid price + Top of Book Ask price) / 2
Bid Conversion Rate = Mid Conversion price * (1 - x%)
Ask Conversion Rate = Mid Conversion price * (1 + x%)
where x% = Currency Conversion Fee (e.g., 1.0%)
Examples
Example 1
Let’s assume you have an Account denominated in USD as the Home currency. You open a long position of 10,000 EUR/GBP at 0.88500 and close it at 0.89500. You generate a profit of 100 GBP.
Let’s assume the Top of Book GBP/USD prices are:
| Bid | Ask |
|---|---|
| 1.29530 | 1.29550 |
To convert the 100 GBP of profit to USD, we need to use a GBP/USD exchange rate that includes the currency conversion fee applied for the settlement of actual cash amounts.
Mid Conversion price = (1.29530 + 1.29550) / 2 = 1.29540
Bid Conversion Rate = 1.29540 * (1 - 0.01) = 1.282446
Ask Conversion Rate = 1.29540 * (1 + 0.01) = 1.308354
In this case, the profit is a positive GBP amount that must be ‘sold’ to convert to a USD settled cash amount, so a Bid Conversion Rate is used (a loss would be a negative GBP amount that must be ‘bought’ to convert to a USD settled cash amount, so an Ask Conversion Rate would be used):
Profit in USD credited to your Account = 100 GBP * 1.282446= 128.24 USD
Note: If you had instead opened a short position of 10,000 EUR/GBP at 0.88500 and closed it at 0.89500, you would have generated a loss of 100 GBP. In which case, the loss in USD debited from your Account would have been 130.84 USD (= 100 GBP * 1.308354).
Example 2
Let’s assume you have an Account denominated in GBP as the Home currency. You open a long position of 10,000 EUR/USD at 1.08500 and close it at 1.09500. You generate a profit of 100 USD.
Let’s assume the Top of Book GBP/USD prices are:
| Bid | Ask |
|---|---|
| 1.29530 | 1.29550 |
Mid Conversion price = (1.29530 + 1.29550) / 2 = 1.29540
But, here we need an extra step compared to Example 1 because we need the number of USD units per 1 unit of GBP, not the number of USD units per 1 unit of GBP. So we need to invert the mid price from market quoting convention terms.
Mid Conversion price = 1 / 1.29540 = 0.771962328238382
Bid Conversion Rate = 0.771962328238382 * ( 1 - 0.01) = 0.764242704955998
Ask Conversion Rate = 0.771962328238382 * (1 + 0.01) = 0.779681951520766
In this case, the profit is a positive USD amount that must be ‘sold’ to convert to a GBP settled cash amount, so a Bid Conversion Rate is used (a loss would be a negative USD amount that must be ‘bought’ to convert to a GBP settled cash amount, so an Ask Conversion Rate would be used):
Profit in GBP credited to your Account = 100 USD * 0.764242704955998 = 76.42 GBP
Note: If you had instead opened a short position of 10,000 EUR/USD at 1.08500 and closed it at 1.09500, you would have generated a loss of 100 USD. In which case, the loss in GBP debited from your Account would have been 77.97 GBP (= 100 USD * 0.779681951520766).
Visit our Help Center.