OANDA is a well-established US-based forex broker known for its sophisticated platform features and research tools. It offers a variety of trading platforms, including MetaTrader, TradingView, and its own mobile app, catering to different tra
Advantages
- Great Trading Platforms
- Outstanding Research Tools
- Low Forex Fees
- Fast and User-Friendly Account Opening
Disadvantages
- Limited Product Range
- Customer Support
- Inactivity Fee
Spreads and Fees
OANDA provides two main pricing models: spread-only pricing and the Elite Trader program. Here are some typical spreads for popular forex pairs:Spreads
- EUR/USD: 1.4 pips
- GBP/USD: 2.0 pips
- USD/JPY: 1.4 pips
- AUD/USD: 1.4 pips
- USD/CAD: 2.2 pips
Fees
- Spread-Only Pricing: The cost is included in the spread, so there are no additional commissions.
- Elite Trader Program: Offers rebates from $5 to $17 per million traded, depending on the trading volume
- Inactivity Fee: $10 per month if the account is inactive for over 12 months (24 months outside the US)
- No Minimum Deposit: OANDA does not require a minimum deposit to open an account
- Financing Fees: Also known as swap or rollover fees, these are charged for holding positions overnight.
- Withdrawal Fees: Depending on the method, there might be fees for withdrawing funds.
OANDA Details
Platforms
Payment Methods
Established
