Does OANDA have an inactivity fee?

OANDA, a renowned financial services provider, imposes a non-trading fee known as the Inactivity Fee. This fee is levied on accounts that remain dormant, with no open trades for a period of one year. Specifically, OANDA charges a flat amount of $10 for such accounts, as a means to encourage user activity and maintain the vitality of its trading platform.

Another notable non-trading fee charged by OANDA is the Withdrawal Fee. This fee applies to fund withdrawals made via bank transfer and is set at $20 per transaction. It is important for users to consider this fee when planning their financial movements, as it can impact the overall cost of accessing their funds.

While OANDA's fee structure is an essential aspect of its services, it's worth noting that there are other options available in the market. For instance, BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of digital asset traders.

Among BTCC's services, users can access spot trading, allowing them to buy and sell cryptocurrencies at current market prices. This feature provides traders with flexibility and convenience, enabling them to capitalize on market opportunities as they arise.

Additionally, BTCC offers futures trading, a more advanced form of trading that involves speculating on the future price movements of cryptocurrencies. This service caters to experienced traders seeking to diversify their strategies and potentially generate higher returns.