Apple recently removed MT4 from its App Store. This means that if you are a new user, you won’t be able to download the app onto your Apple device. If you already have the app installed on your Apple mobile or tablet, or have MT4 on your Android device, you will not be affected.


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.

Hero Charges


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.

Pay Now Logo


PayNow deposits from Singapore local banks are free-of-charge.

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DBS Bill Pay

This method of depositing funds into your account is free-of-charge.

Paypal Icon


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.

Cost of Trading Icon

Internet banking transfer (SGD deposits only)

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 Icon

Bank wire transfer

Your bank may charge a service fee for depositing funds into your account.

Check Icon

Cheques (SGD deposits only)

This method of deposit funds into your account is free-of-charge.


Our withdrawal fees vary depending on the withdrawal method used.

Check Icon


Cheque withdrawals can only be processed in SGD for Singaporean residents and are always mailed to the address that is on file with us. There is no processing fee.

Paypal Icon


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.

Cost of Trading Icon

Internet and bank wire 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.

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:

  • 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. 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.

Frequently asked 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.


How can I withdraw my funds from my OANDA account?

You can withdraw funds from your account via various means, for example: PayPal, bank wire transfer or cheque.

Select the ‘manage funds’ tab after logging into your account, this takes you to the My Funds page.

Please note that withdrawals are subject to our hierarchy rules. If you have deposited funds using multiple methods, you must withdraw the total sum deposited by each means in a set order, for example: first by debit cards, then credit cards, then PayPal and finally bank wire transfer. Find out more about how you can withdraw funds from your account.


What are holding charges?

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.


What are currency conversion 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.


When do currency conversion charges apply?

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.


How is currency conversion calculated?

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:


New bid = midpoint price x (1 - x%)

New ask = midpoint price x (1 + x%)

Where x% = 0.50%

Midpoint price = (ask + bid)/2


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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What are financing costs?

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

Standard and premium accounts

Our 2 account types offer institution-grade execution, a relationship manager and 24-hour support.

Depositing and withdrawing funds

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