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 fees
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 you a transaction fee and international processing fee. Please check with your credit card provider to determine the charges.
Debit card
It is possible that you may be charged a service fee by your bank when you are depositing funds by debit card to your OANDA account.
Internet banking via faster payments, BACS (GBP 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.
CHAPS wire transfer
Your bank may charge a service fee for depositing funds into your account.
SWIFT wire
It is possible that you may be charged a service fee by your bank when you are depositing funds using this method.
SEPA credit transfer (SCT)
It is possible that you may be charged a service fee by your bank when you are depositing funds using this method.
For more information about depositing funds, visit our deposit funds FAQ page.
Withdrawal fees
We do not charge withdrawal fees. However, your bank may impose a fee upon receiving the withdrawal funds, we will be unable to refund or avoid this charge.
Our financing fees
We apply a financing charge or credit for positions kept open over time. 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 your sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of £20 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 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 and ETF 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 |
| For the execution of CFDs on ETFs | 0.06% of position notional | 0.06% of position notional |
Guaranteed stop-loss order fees
With a guaranteed stop-loss order (GSLO), your stop-loss will be filled at the exact order level, no matter the market conditions. This means you will not experience slippage on your stop loss, even if the underlying market gaps through your specified order level. You only incur the fixed premium for a GSLO if your stop-loss order is triggered. See our Guaranteed stop-loss orders page for more information.
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Go from application to trading in three easy steps:
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^Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
Frequently asked questions
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: debit card, credit card and bank wire transfer.
Select the ‘manage funds’ tab after logging in to 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 and finally bank wire transfer. Find out more about how you can withdraw funds from your account.
We apply a financing charge or credit for positions kept open over time. For more information see our Financing costs page.
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).
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