We offer competitive spreads on all CFD trading markets including stocks, indices, forex, commodities and metals. With 200:1 leverage, choose the account that's right for you:
If a financial instrument has margin tiers, this usually means that above a certain size, the larger the position you hold, the higher the margin rate that will apply.
The margin rate varies depending on the size of your position. As your position increases, the margin rate will also increase.
For example, the USD/JPY margin rate is:
| grade | Net Position (USD) | Margin |
|---|---|---|
| 1 | < 2 M | 0.50% |
| 2 | 2-5M | 1.00% |
| 3 | 5-50M | 5.00% |
| 4 | > 50M | 20.00% |
For a position size of 3.5 million USD/JPY, the margin requirement is 25,000 USD.
Calculation formula: (number of first-level units x first-level margin rate) + (number of second-level units x second-level margin rate) + (number of third-level units x third-level margin rate).
| grade | Net Position (USD) | Margin Ratio | Total Margin (Units x Margin Rate) |
|---|---|---|---|
| 1 | 2,000,000 | 0.50% | 2,000,000 x 0.5% = $10,000 |
| 2 | 1,500,000 | 1.00% | 1,500,000 x 1.00% = $15,000 |
| 3 | 0 | 5.00% | not applicable |
| 4 | 0 | 20.00% | not applicable |
| total | 3,500,000 | $10,000 + $15,000 = $25,000 |
The margin rate varies depending on the size of your position. As your position increases, the margin rate will also increase.
At certain times and under certain market conditions, our spreads may be higher than usual. These include:
We allow our clients to trade with leverage. This means that you can trade with a larger amount than your account balance without having to deposit the full amount of the trade. One advantage of leveraged trading is that you can potentially make large profits with only a small amount of capital. On the other hand, leveraged trading can also cause you to suffer large and rapid capital losses. Losses can exceed the deposited margin.
To cover any losses you may incur while trading, OANDA takes the form of a guarantee (or mortgage)
This type of collateral is often called a security deposit.
The initial margin required for each trade is determined by the leverage limit corresponding to the position size and the financial instrument you wish to trade.
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Price volatility and changes in global market liquidity can cause spreads to widen significantly around market openings and closings, following news announcements, and during periods of uncertainty. In these cases, our spreads will usually widen to reflect market conditions. However, in certain circumstances, we may implement a fixed spread that prevents spreads from widening further.
If you have not closed your position over the weekend or before the market closes, or if a particular market is suspended, you will not be able to close your position until the market reopens. Please note that prices may change significantly or "gap" when trading resumes. If the price moves against you and you do not have enough funds in your account to support the trade, a margin liquidation may be triggered when trading resumes.
Spreads (the difference between the bid and ask prices) often widen before the market closes and at the open to reflect reduced liquidity in global markets. If you have an open position at this time, the widened spread may trigger a stop loss order or margin liquidation.
To maintain an open position, you need to ensure that the equity in your trading account is above a certain minimum amount. This is called the margin requirement. This equity is your cash balance, plus any trading credits and unrealized profit or loss.
The calculation method of MetaTrader margin ratio (%) is: (Equity/Used Margin) x 100
If your trading account margin ratio falls below 100%, we will notify you via email. If this happens, you will not be able to open new positions. You may also want to consider depositing funds into your account or closing positions to reduce the required margin.
If the margin ratio drops to 50%, you will no longer meet the margin requirements and we will trigger a margin liquidation and automatically close one or more of your positions, starting with the position with the largest open market loss.
Note: In rapidly changing markets, there may not be enough time to issue a warning.
It is your responsibility to monitor your trading account to prevent margin liquidation.
With over 25 years of experience, OANDA Group provides traders with leading tools, powerful platforms and transparent pricing.
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We will inform you of the relevant fees upfront so that you are aware of the costs of trading with us.
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Financing costs can affect your closing costs, so be sure to understand how financing works.
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