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
On your v20 accounts, 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 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 midpoint price (buy + sell price divided in half) at the time of conversion.
For example, placing a EUR/USD trade in a GBP-based account. Your trade settles in USD and is then immediately converted to GBP at the USD/GBP mid-price +/-1.0%.
If this trade resulted in USD100 of profit, the cost of converting it back to GBP would be approximately GBP0.77 based on current market rates at the time of calculating.
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:
Fill in our app form
Wait for account activation^
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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.
On your v20 accounts, trading products in a different currency from your account's home currency will incur a currency conversion charge. OANDA charges a 1.0% 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 a v20 account denominated in GBP. You open a long position on 1 unit of US Wall St 30 at 29,000 and close your trade at 29,100, generating a profit of USD100.
The cost of converting USD100 profit back to your home currency (GBP) would be GBP0.77, based on current market rates at the time of calculating.
How this is calculated:
In order to convert USD100 of profit to your account home currency (GBP), you would use the USD/GBP exchange rate plus the currency conversion fee.
Let’s assume the USD/GBP exchange rate is:
- (Bid) 0.77000
- (Ask) 0.77005
In this case, the profit is a credit to the account, so the bid price is used (if it had been a debit as a result of a loss, the ask price would have been used):
Profit converted to GBP without the mark-up = 0.7700 x 100 = GBP77.00.
We charge a mark up on the mid-price for the currency conversion to your account’s home currency:
Formula:
New bid = midpoint price x (1 - x%)
New ask = midpoint price x (1 + x%)
Where x% = mark-up (1.0%)
Midpoint price = (ask + bid)/2
Midpoint price = (0.77000 + 0.77005)/2 = 0.770025
Calculation:
Fee adjusted exchange rate to convert USD to GBP = 0.770025 x (1 - 1.0%) = 0.76232475.
The USD100 profit on the trade will result in a credit to your account when it is denominated in GBP of: 0.76232475 x 100 = GBP76.23.
This is GBP0.77 less than using the straight exchange rate and represents the cost of trading in USD when the account is denominated in GBP for this example.
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