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Oanda fees explained

Your expert
Adam N.
Fact checked by
Updated
Mar 2024
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Overview of Oanda fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Oanda is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found Oanda's trading fees fairly low
Adam
Adam Nasli
Financial Wizard | Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Oanda fared:

  • Oanda charges low FX fees and low CFD fees.
  • There is an inactivity fee if you don't trade for an extended period of time.
  • The basic withdrawal fee is $0, but some transactions may cost more.
  • Read our full review of Oanda for info on safety, trading platforms and funding.
Oanda fees at a glance
Assets Fee level Fee terms
EURUSD Low The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
GBPUSD Low The fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours.
S&P 500 CFD Average The fees are built into the spread, 0.3 points is the average spread cost during peak trading hours.
Inactivity fee Low £10 per month after one year of inactivity

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78.3% of retail CFD accounts lose money

Low FX fees

Oanda forex fees
EURUSD spread
1.0 0.1 0.7
GBPUSD spread
1.5 0.2 1.0
AUDUSD spread
1.2 0.2 0.9
EURCHF spread
1.8 0.4 2.4
EURGBP spread
1.1 0.3 1.3
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Low CFD fees

Spread and commission for a $2,000 CFD trade
S&P 500 index CFD fee
$3.1 $3.2 $3.4
Euro Stoxx 50 index CFD fee
$2.9 $3.2 $3.5
Apple CFD fee
$3.3 $4.5 $6.5
Vodafone CFD fee
$5.3 $7.3 -
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Low inactivity fee, no withdrawal fee

There is no account or deposit fee. Oanda charges a reasonable $14 (£10) monthly inactivity fee if you don't use your account for trading for more than one year.

Broker
Inactivity fee
Withdrawal fee
Oanda
$0
Pepperstone
$0
FXCM
$0
Oanda inactivity, withdrawal and other fees
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Real stock fees

Oanda provides trading in real stocks only for EU clients.
For these users, trading in US stocks is commission-free on EUR accounts.

Crypto fees

For spot crypto trading, Oanda charges a fixed 0.25% fee, with a $0.01 minimum.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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