How much does it cost to start OANDA?

OANDA, a reputable financial services provider, offers its clients a pricing structure that combines competitive spreads with a transparent per-side charge. This model ensures that traders are aware of all associated costs upfront.

The standard price offered by OANDA boasts of relatively smaller spreads, which can be advantageous for traders seeking to minimize their transaction costs. However, it's important to note that an additional fee of $5 is charged for every $100,000 traded in currency.

To clarify, if a trader executes a round turn of a standard lot, which typically represents 100,000 units of a currency, they can expect to pay approximately $10 in fees. This fee structure is designed to provide clarity and predictability for traders managing their budgets.

While the inclusion of a per-side charge may seem like an additional expense, it's worth considering that the total cost of trading with OANDA's standard pricing, when factoring in the commission, is comparable to that of commission-free rates offered by other providers.

In terms of accessibility, OANDA sets a minimum deposit requirement of $10,000 for clients opting for this pricing plan. This threshold ensures that traders have sufficient capital to manage their risk effectively and participate in the markets with confidence.