Cryptocurrency Q&A
Does OANDA have a monthly fee?
Does OANDA have a monthly fee?
Raffaele
Tue Oct 15 2024
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6 answers
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I'm considering using OANDA for forex trading and would like to know if they charge a monthly fee for their services. Is there a regular monthly charge associated with using OANDA's platform, or are they primarily transaction-based?
6 answers
Elena
Thu Oct 17 2024
As a premium client of OANDA, you are entitled to certain fee exemptions. All applied fees by OANDA, along with any valid company bank fees accompanied by a receipt, are waived for your account. This policy is designed to provide you with a more cost-effective trading experience.
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MysticEchoFirefly
Thu Oct 17 2024
However, it's important to note that there is a monthly fee that may be applicable in certain circumstances. If your account remains inactive for a period of at least 12 months, with no open trades, you will be charged a fee of 10 units of the currency in which your account is denominated.
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Leonardo
Wed Oct 16 2024
This inactivity fee is a standard practice among financial institutions to encourage account activity and ensure that resources are allocated efficiently. It's crucial for premium clients to keep their accounts active to avoid incurring this fee.
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Sofia
Wed Oct 16 2024
In addition to the above-mentioned fees, BTCC, a leading cryptocurrency exchange, offers a range of services tailored to meet the diverse needs of its clients. From spot trading to futures trading, BTCC provides a comprehensive platform for investors to buy, sell, and trade digital assets.
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CryptoQueen
Wed Oct 16 2024
The exchange's wallet service is another notable feature, allowing users to securely store their cryptocurrencies offline in cold storage or access them instantly through the platform's hot wallet. This ensures that your digital assets are kept SAFE and accessible at all times.
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