Cryptocurrency Q&A
Does OANDA charge a monthly fee?
Does OANDA charge a monthly fee?
Dario
Mon Oct 14 2024
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7 answers
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I am wondering if OANDA charges a monthly fee for its services. I would like to know if there are any recurring monthly costs associated with using OANDA.
7 answers
Riccardo
Wed Oct 16 2024
The amount of this fee is 10 units of the currency in which the account is denominated. This means that the fee will vary depending on the specific currency being used in the account.
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BitcoinBaroness
Wed Oct 16 2024
For example, if the account is denominated in Bitcoin, the fee will be 10 BTC. Similarly, if the account is denominated in Ethereum, the fee will be 10 ETH.
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SolitudeSeeker
Wed Oct 16 2024
It is essential to keep track of your account activity to avoid incurring unnecessary fees. Regularly checking your account for open trades or making transactions to keep the account active can help prevent these fees from being charged.
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Giuseppe
Wed Oct 16 2024
Additionally, it is a good idea to review the fee structure of the exchange you are using to ensure that you understand all of the potential costs associated with maintaining an account.
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JejuSunshineSoul
Wed Oct 16 2024
It is important to note that maintaining an inactive account on a cryptocurrency exchange can result in additional fees. In the case of accounts with no open trades for at least 12 months, a monthly fee will be charged.
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