This trading size is available on MetaTrader 4.įor a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser's FX fee calculator. Oanda minimum lot sizeĪt Oanda, the smallest available lot size is micro lots, which is 1,000 units of a given currency. There’s also a Currency Pair Units Calculator that helps you calculate the number of maximum units you can trade with your available margin. However, they provide a Spread Cost Calculator you can use to calculate your absolute spread cost annually. Oanda unfortunately doesn’t have such tools. With a pip calculator, you can calculate the value of a pip in the currency you are trading. Some brokers provide pip calculators to help you assess and manage your risks. We also drew up a more detailed rundown of Oanda alternatives. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We compared Oanda's fees with those of Pepperstone and FXCM, two similar brokers selected by our analysts. These, however, change daily and some may fall outside the above ranges. At BrokerChooser, we incorporate these rates into our fee calculation. Overnight fees at Oanda usually range from -6% to 2%. The value of the rate depends on a variety of factors, including daily rates, size of the position, chosen product, funding rates and so. Oanda interest rates (financing rates)įor positions held overnight, you have to pay interest. On the other hand, 30:1 is the maximum for EU customers. For example, the maximum leverage is 50:1 for US customers. The available leverage depends on your country of residence. Oanda leverage / Oanda margin requirements £10 per month after one year of inactivity The fees are built into the spread, 0.3 points is the average spread cost during peak trading hours. The fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours. The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
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