With this account type, our commission is wrapped into the spread we offer. So the spread is the only cost you pay.
Elite Trader program
Earn cash rebates from US$5 to US$17 per million with our Elite Trader program. Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade.
Take a look at the spreads we offer on our most popular FX pairs.
Qualify for our Elite Trader program and earn rebates to lower your trading cost.
|Tier 1 ($)||Tier 2 ($)||Tier 3 ($)||Tier 4 ($)||Tier 5 ($)|
|Monthly volume requirement||10M-49M||50M-249M||250M-499M||500M-1B||1B+|
|Rebate per million traded||5.00||7.00||10.00||15.00||17.00|
We have no "dark pools" or internal liquidity creating a price for you that someone else can benefit from. Our pricing is exclusively sourced from a global network of premier banks and that's all. We do not selectively pick orders. No one at OANDA has the ability to target your positions, hunt your stops or change your pricing.
We own the quality of our forex trading system because we've built it. Other trading platforms frequently forward your trades to third parties that may or may not accept your trades. When you trade forex with OANDA, you know that when the markets are moving your orders are filled.
Our system is fully automated. It was built that way, from the ground up. Commission charges are assessed on the buy and sell sides of a trade. Trade sizes greater or smaller than 100,000 will be charged on a pro-rata basis. The minimum commission of is $0.01 per trade.
Commission charges will be converted to the account home currency using our prevailing rate in effect at the time of the trade. Other account maintenance charges or financing fees may apply.
Events and spreads
At certain times and in certain market conditions, our spreads could be wider than usual. This includes the opening and closing of markets and major international or geopolitical events which have an impact on the relevant market(s) in other particular circumstances.
Frequently asked questions
What is an inactivity fee?
In the event of no open trades in your account for a period of at least 24 months (12 months in the United States), a monthly fee of 10 units of the currency in which your account is denominated will be withdrawn (with the exception of accounts denominated in JPY and HKD, which will be charged 1000 JPY and 75 HKD respectively). For example, if your account is in SGD, you will be charged 10 SGD, and if your account is in USD, you will be charged 10 USD, etc.
How long will I be charged an inactivity fee?
Your account will be charged until one of the following conditions are met:
- You close your account
- You resume trading in your account
- The balance of the account is reduced to zero. (An inactive account will not incur a negative balance.)
If I never funded my account, will I be charged an inactivity fee?
No, an account that has not been funded, will not incur a negative balance.
Do I need to trade in each one of my sub-accounts?
No, the inactivity fee is being applied at the user level meaning if you trade in your primary account or any of your sub-accounts you will NOT be charged. Also, the fee will only be taken from one sub-account each month, so you will not be charged multiple fees in any one month.
If I resume trading in my account, will I be credited any inactivity fees?
If you have resumed trading after inactivity fees have been withdrawn, you can request a rebate 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.
What are holding charges?
At OANDA we apply a holding/rollover charge or holding/
duration rollover credit for positions you keep open over time. Our holding charges/credits are calculated in relation to positions maintained on a continuous basis rather than as a daily roll charge. Find out how financing is charged and paid into your account.
How are financing charges and credits calculated?
Roller/holding charges are based on market conditions and the rates we receive from our liquidity partners.
Our funding rates for forex consist of a blend of underlying liquidity providers’ tom-next swap rates and an administration fee.
Find out more about financing charges and credits.
Can’t find what you’re looking for?
With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing.
Globally recognized forex broker
We offer over 68 major and minor currency pairs, a user-friendly app and a range of trading platforms, including the OANDA Trade platform, MT4 and TradingView. Through our partnership with Paxos, you can also spot trade eight popular cryptocurrencies.
Regulatory, financial and risk compliance
Read about our terms and conditions when you open an account and trade with OANDA.
Our spreads and margins
Our margin rates start from just 2% on EUR/USD and 3% on AUD/USD.