CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFDs and spread betting
CFDs and spread betting

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Sub-account differences

Each OANDA account type (‘v20’, ‘v20 MT4’ and ‘OANDA One’) operates somewhat differently.

We want all clients to understand the important operational differences clearly. The PDF below summarises the notable differences between the various sub-account types and the user interfaces chosen to access them.

The MT4 User Interfaces (UIs) operate primarily as a front-end system intended for user convenience, facilitating order placement and chart viewing. OANDA endeavours to mirror the v20 account in the linked account in MT4 to the best extent possible, but it is critical to note that the definitive system of record and the ultimate source for Order Monitoring and Execution, Marked to Market Open Positions, Margin Utilisation, and Margin Close-Out processes is the v20 account (accessible via the proprietary OANDA UIs); it is not the MT4 account that is linked to the v20 account.

Download the OEL sub-accounts-notable-differences file to see the notable differences between the various sub-account types.