Does Oanda charge an inactivity fee as of July 2024?
Yes, Oanda charges an inactivity fee.
Inactivity fee conditions at Oanda are the following: £10 per month after one year of inactivity.
The inactivity fee charged by Oanda is considered low, so if you otherwise find its fees and services attractive, it shouldn't alone deter you from opening an account.
| 💰 Oanda inactivity fee | Yes |
| 💰 Oanda withdrawal fee | $0 |
| 💰 Oanda minimum deposit | $0 |
| 📃 Oanda deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
| 🗺️ Country of regulation | USA, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands |
| 🎮 Oanda demo account provided | Yes |
Data updated on July 12, 2024
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What is inactivity fee and when is it charged?
I've thoroughly tested Oanda services with our analyst team by opening a real-money account and these are my most important findings:
- The inactivity fee is an important non-trading fee for long-term investors
- Brokers usually charge an inactivity fee if you fail to use your account for a longer period
- Oanda charges an inactivity fee
Broker fees can make a big difference in the overall performance of your investments, and there's nothing more annoying than an obscure fee item suddenly appearing out of nowhere. Inactivity fees are one of those cost items that can pass under the radar and cause a headache for long-term investors.
What is an inactivity fee? An inactivity fee is charged by some brokers if you fail to trade or otherwise use your account for an extended period. In most cases, it kicks in after one year, after which you have to pay it on a regular basis until you start trading again. Check terms carefully: at some brokers, you can dodge the inactivity fee by simply logging in to your account.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
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Further reading
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.
