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.
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.
PayNow and QR Pay deposits from Singapore local banks are free-of-charge.
This method of depositing funds into your account is free-of-charge.
Per deposit, 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.
Your bank may charge a service fee for depositing funds into your account.
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.
Withdrawals
Our withdrawal fees vary depending on the withdrawal method used.
We do not charge a fee for withdrawals made to your PayPal account. If your PayPal account is denominated in a currency other than GBP, EUR or USD, you may incur an exchange fee levied by PayPal.
Where you have deposited funds in SGD and wish to withdraw as SGD we do not charge any fees.
For all non-SGD withdrawals, a fee of US$20 (or equivalent amount in the relevant currency) will be charged for the first withdrawal processed within a calendar month. All subsequent non-SGD withdrawals made within the same calendar month will incur a US$35 (or equivalent amount in the relevant currency) fee.
For more information about withdrawal fees, visit our Withdraw funds FAQ page.
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. View fees.
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 the client’s sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of SGD10 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:
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. 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, fees and/or commissions related to trading instruments which have a different quote currency to your account currency will now incur a conversion charge. 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%.
See an example of how currency conversion is calculated in our FAQs section below.
FAQ
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.
You can withdraw funds from your account via various means, for example:FAST or bank wire transfer.
Select the manage funds tab after logging into your account, this takes you to the My Funds page.
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 in a different currency from your account's home currency will incur a currency conversion charge. OANDA charges a 0.5 % mark-up/mark-down on the midpoint price of the applicable currency at the time of conversion.
Home currency conversion charges are applicable only when a trade/transaction is conducted in a different currency to the account’s home currency, and therefore needs to be converted to that home currency. It is applied to any realised profits and losses, adjustments, fees and charges that are denominated in a currency other than the account’s home currency and as such, needs to be converted to the account’s home currency.
Let’s say you have an account denominated in GBP. Below is the methodology of how OANDA clients’ transactions are converted to the account’s home currency:
Formula:
New bid = midpoint price x (1 - x%)
New ask = midpoint price x (1 + x%)
Where x% = 0.50%
Midpoint price = (ask + bid)/2
Examples
A client has an account denominated in GBP. You opened a long position on 1 unit of US Wall St 30 @ 29,000 and closed your trade at 29,100, resulting in a profit of USD100.
Let’s assume the USD/GBP exchange rate is:
Bid: 0.77000
Ask: 0.77005
OANDA’s methodology is to charge a mark-up/mark-down of 0.5% on the midpoint price for the currency conversion to a client’s account’s home currency:
Midpoint price = (0.77000 + 0.77005)/2 = 0.770025
Fee adjusted exchange rate to convert USD to GBP = 0.770025 x (1 - 0.5%) = 0.766174875
So, the USD100 profit on the trade will result in a credit to a client’s account when it is denominated in GBP of: 0.766174875 X 100 = 76.61 GBP.
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Easy funding and withdrawals
As a leading, regulated broker, your funds are safe with us. It is easy and straightforward to deposit, withdraw and transfer funds between your OANDA sub-accounts from your ‘My Funds’ page.
Login to your account.
Click ‘manage funds’ to view your ‘my funds’ page.
Deposit or withdraw funds to or from your OANDA account.