OANDA Leverage and Account Types

Account Types and Fees

Choosing the right account type is crucial for your trading journey, and OANDA provides options designed to fit different trading strategies and volumes. This page gives you a comprehensive breakdown of OANDAs account offerings, with a special focus on the available leverage, fee structures, and the key differences between their account types. We'll examine the spreads and commissions to help you understand the true cost of trading.

What Accounts, Minimum Deposits, and Leverage Does OANDA Have?

OANDA offers a straightforward account structure. You can easily access various trading platforms with a single account login, including OANDA's web and mobile platforms, MetaTrader 4 (MT4), and TradingView. The account opening process is efficient, with traders able to apply and start trading in minutes. For those who want to practice without risk, a demo account is available to try out strategies. Additionally, OANDA offers a Premium Account for high-volume traders, which includes benefits like volume-based rebates, discounted financing, and a dedicated relationship manager.

*Note: The maximum leverage for OANDA is reflective of the 20:1 maximum leverage mentioned on the website for the Singapore entity.

How about OANDA Spreads and Commissions?

OANDA is known for its competitive pricing, and the fees are primarily structured through spreads and, in some cases, commissions. The broker provides a spread tool that allows traders to view historical minimum, average, and maximum spreads across all asset classes. This transparency helps you understand the typical trading costs. While specific minimum spreads are not listed, the ability to check historical data provides a clear picture of what to expect.

FAQs about OANDA Account Types and Fees

Q: Does OANDA offer an Islamic account?

A: Based on the information provided, there is no mention of a specific Islamic account offering. Traders should contact OANDAs support team directly to inquire about a swap-free option that complies with Sharia law.

Q: Are there any bonuses or promotions for new traders?

A: Yes, OANDA offers a welcome bonus that can match your profits or losses up to SG10,000,subject to specific terms and conditions,including minimum deposit and trade volume requirements. Additionally, a referral program allows you and a friend to earn up to S2,888.

Q: What is the minimum deposit required to open a live trading account?

A: The minimum deposit for a standard OANDA account is not specified. However, the premium account requires meeting certain criteria, which are not detailed on the website.