How does Oanda charge fees for digital currency trading? Is it through commission or spread?

3 answers

• Maya balJan 22, 2021 · 5 years ago
  Oanda charges fees for digital currency trading through a spread. The spread is the difference between the buying and selling price of a currency pair. This means that when you buy a digital currency on Oanda, you will pay a slightly higher price than the market price, and when you sell, you will receive a slightly lower price. The difference between these two prices is the fee charged by Oanda. It's important to note that the spread can vary depending on market conditions and the currency pair being traded.
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• DONOVAN SEYMOURNov 26, 2021 · 4 years ago
  When it comes to fees for digital currency trading, Oanda uses a spread-based fee structure. This means that instead of charging a commission on each trade, they make money by offering slightly higher buying prices and slightly lower selling prices compared to the market. The difference between these prices is their profit. This fee structure is common among many online brokers and is often considered more transparent and straightforward for traders.
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• Radosław M. ŚcisłoJun 07, 2022 · 3 years ago
  As an expert in the field, I can confirm that Oanda charges fees for digital currency trading through a spread. This means that the buying and selling prices offered by Oanda include a small fee, which is the difference between the two prices. The advantage of this fee structure is that it is transparent and easy to understand for traders. It's important to compare the spreads offered by different brokers to ensure you are getting the best deal for your trades.
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