Our forex pricing
Our prices are clear and transparent. You can choose from two pricing models:
Two transparent pricing models
Spread-only pricing
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$17 per million with our Elite Trader program. Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade.
Our spreads
Take a look at the spreads we offer on our most popular FX pairs.
| FX pair | Spread |
|---|---|
| AUD/USD | 1.4 |
| EUR/GBP | 1.7 |
| EUR/JPY | 1.8 |
| EUR/USD | 1.4 |
| GBP/JPY | 3.1 |
| GBP/USD | 2.0 |
| NZD/USD | 1.7 |
| USD/CAD | 2.2 |
| USD/CHF | 1.8 |
| USD/JPY | 1.4 |
Elite Trader rebates and savings
Qualify for our Elite Trader program and earn rebates to lower your trading cost.
| Tier 1 ($) | 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 |
| Average savings | 10% | 14% | 20% | 30% | 34% |
Our pricing starts with our liquidity pool
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.
Our technology
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.
Execution firewalls
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.
Unlock more opportunities with our Elite Trader program**
Get personalized access to premium trading tools, expert market analyst insights and more:
**Subject to meeting the criteria set out in the account package offering.
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Trusted by traders all over the world
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 OANDA Trade and MT4.
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.