Spreads and margins

We offer competitive spreads on 68 major and minor forex pairs.

See our margin table for margin rates and leverage ratios on all our currency pairs.

Spreads and margin hero
OANDA’s forex spreads and margins

Margin requirement will depend on the amount of leverage allowed. The maximum leverage allowed is determined by the regulators and may differ depending upon the instrument.

Margin trading

To ensure you can cover any losses you might incur on your positions, we require sufficient collateral. This collateral is typically referred to as margin.


Margin rates

We are regulated by the NFA and they set our margin and leverage rates.

Limit Order

Limits on leverage

The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. See our regulatory and financial compliance section.

Bars Margin

Profit and loss

When you trade on margin, you can leverage the funds in your account to potentially generate large profits relative to the amount invested. The downside of margin trading is that you can just as quickly incur potentially significant losses if the markets move against you.

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Frequently asked questions
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How do market events and weekends impact margin?

Rate volatility and changes in global market liquidity can result in large spread increases around market openings and closings, following news announcements, and during times of uncertainty. At such times, we widen our spreads to reflect market conditions.

If you leave trades open during the weekend or halted markets, you cannot close them until the markets reopen. Note that rates may change significantly or "gap" when trading resumes. If rates move against you, a margin closeout may be triggered when trading resumes.

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With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing.


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Earn cash rebates from US$5 to US$17 per million with our Elite Trader program. Designed exclusively for our high volume traders, this is the program that gives you more, the more you trade.


Calculating profit and loss

See how you can calculate profit and loss on your trades when you take a position with us.

Exchange - Pound to Euro

Trade forex with OANDA

We are a globally- recognized broker with over 25 years' experience in foreign exchange trading.