Does Oanda charge an inactivity fee for cryptocurrency trades?
Rosamund NormanAug 27, 2024 · a year ago3 answers
I would like to know if Oanda charges an inactivity fee for cryptocurrency trades. Can I leave my cryptocurrency holdings on Oanda without being penalized for not trading? Does Oanda have any specific requirements or conditions for maintaining an active account? I want to understand if there are any potential fees or penalties associated with not actively trading cryptocurrencies on Oanda.
3 answers
- Krzysztof BieleckiDec 12, 2024 · 7 months agoYes, Oanda does charge an inactivity fee for cryptocurrency trades. If you do not make any trades on your Oanda account for a certain period of time, typically 12 months, you may be subject to an inactivity fee. This fee is designed to encourage active trading and ensure that resources are not wasted on inactive accounts. It's important to review Oanda's fee schedule and terms of service to understand the specific details and conditions of the inactivity fee for cryptocurrency trades.
- Nagaraju PreethamFeb 04, 2021 · 4 years agoNo, Oanda does not charge an inactivity fee for cryptocurrency trades. Unlike some other exchanges, Oanda believes in providing a flexible trading experience for its users. You can leave your cryptocurrency holdings on Oanda without worrying about being penalized for not trading. However, it's always a good idea to review Oanda's terms of service and fee schedule to stay updated on any changes or updates regarding inactivity fees.
- manali patelMay 31, 2024 · a year agoAs an expert in the industry, I can confirm that Oanda does charge an inactivity fee for cryptocurrency trades. This fee is common among many exchanges and is designed to encourage active trading. However, it's important to note that the specific details and conditions of the inactivity fee may vary. I recommend reviewing Oanda's fee schedule and terms of service to get accurate and up-to-date information on their inactivity fee for cryptocurrency trades.
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