Forex CFDs
OANDA forex CFDs provide exposure to changes in a currency pair without delivering the underlying currencies. Positions can be opened long or short.
OANDA forex CFDs
OANDA Asia Pacific offers 68 global currency pairs as CFDs, covering major, minor and regional markets. Choose spread-only or core spread plus commission pricing, and trade through OANDA Web, Mobile, TradingView, MT4 or MT5.
Explore OANDA trading platforms
- 68pairs
- Global forex CFDs across major, minor and regional markets
- 24×5
- Most FX products trade from Sunday to Friday with a daily break
- 0.0pips
- Core pricing spreads can start from 0.0 on major FX pairs
- 20:1max
- Current maximum leverage for OANDA Asia Pacific retail clients
Major FX pairs and spread-only pricing
Live market prices are shown alongside OANDA's published spread-only starting levels for selected major and cross pairs. Spreads are variable and can widen with market conditions.
| Instrument | Price | Spread-only from | Daily change |
|---|---|---|---|
| EUR/USD | — | 0.8 | — |
| GBP/USD | — | 1.1 | — |
| USD/JPY | — | 0.6 | — |
| AUD/USD | — | 0.6 | — |
| USD/CHF | — | 1.0 | — |
| USD/CAD | — | 1.1 | — |
| NZD/USD | — | Variable | — |
| EUR/JPY | — | 1.3 | — |
| GBP/JPY | — | 1.7 | — |
| EUR/GBP | — | 0.7 | — |
Published levels are starting spreads, not fixed spreads. Liquidity, market opens and closes, economic releases and other events can widen the bid-ask spread. Your account's live quote is the relevant price for trading.
OANDA forex pricing, trade size and financing
Forex CFD costs and exposure depend on the pricing model, position size, margin requirement and how long the position remains open.
Spread-only pricing
With spread-only pricing, OANDA's commission is incorporated into the quoted spread. EUR/USD currently starts from 0.8 pips on the published Singapore price table.
Core spread + commission
Core pricing reduces the quoted spread and adds volume-based commission. Major FX core spreads can start from 0.0 pips, with standard commission of US$3 per 100,000 currency units traded.
Units and lots
One standard FX lot equals 100,000 base-currency units. OANDA's native platform supports unit-based sizing, while MT4 and MT5 use lots and typically start FX trades from 0.01 lot.
Margin and leverage
Margin requirements vary by pair and client category. OANDA Asia Pacific currently offers retail clients leverage up to 20:1 and accredited investors up to 50:1 on eligible products.
Overnight financing
FX positions held across the daily financing cut-off may incur a financing charge or credit. The applicable rate varies by currency pair and can change from day to day.
EUR/USD pip value and P&L example
For a USD-denominated account, this example uses a 0.1 lot EUR/USD position to illustrate how a 1-pip change can translate into approximately US$1 of nominal P&L.
Trade setup
- Direction
- Buy EUR/USD
- Volume
- 0.1 lots (€10,000)
- Entry
- 1.0850
- Take profit / Stop loss
- 1.0900 / 1.0820
EUR/USD rises 50 pips
+US$50 before costs1.0850 → 1.0900, up 50 pips.
50 pips × US$1 per pip = US$50 profit.
EUR/USD falls 30 pips
−US$30 before costs1.0850 → 1.0820, down 30 pips.
30 pips × US$1 per pip = US$30 loss.
This simplified example excludes spread, commission, financing, slippage and any currency conversion. It illustrates nominal P&L only and does not represent an actual OANDA quote or trading result.
68 currency pairs across global FX markets
OANDA Asia Pacific currently lists 68 forex CFDs. Liquidity, spread, margin and trading conditions differ across major, minor and regional currency pairs.
Major pairs
Major pairs combine the US dollar with other heavily traded developed-market currencies and typically account for a large share of global FX liquidity.
- EUR/USD
- USD/JPY
- GBP/USD
- AUD/USD
Minor and cross pairs
Cross pairs compare two currencies without using the US dollar as one side of the pair. Their liquidity and spreads vary considerably by instrument and time of day.
- EUR/JPY
- GBP/JPY
- EUR/GBP
- AUD/JPY
Regional and other pairs
OANDA's range also includes regional and less frequently traded combinations such as USD/SGD, USD/CNH, USD/MXN and USD/ZAR, which can have wider or more variable spreads.
- USD/CNH
- USD/MXN
- USD/ZAR
- USD/SGD
OANDA forex CFD trading hours
Most OANDA Asia Pacific FX CFDs trade from Sunday evening to Friday afternoon in New York time, with a short daily break. TRY pairs and NZD pairs have additional trading-hour rules.
| Range | Trading hours | Notes |
|---|---|---|
| Most FX products | Sun–Fri 17:05–16:59 New York time | Six-minute daily break from 16:59 to 17:05 |
| TRY pairs | Mon–Fri 08:00–17:00 Central Europe time | Different schedule from the main FX session |
| NZD pairs | Main FX session applies | Additional six-minute break from 06:59 Auckland time |
| Holidays and DST | May change | Check current holiday hours before trading around closures |
When markets are closed, new positions cannot be opened and existing positions cannot be closed. Prices can gap when trading resumes, and a standard stop-loss can execute at a different price from the requested stop level.
What can move forex prices and spreads
Currency prices respond to changing expectations about monetary policy, growth, inflation and global risk. The same events can also reduce liquidity and widen spreads around releases or market transitions.
- Central-bank decisions and rate expectations can reprice currencies quickly
- Inflation, employment and growth data can increase short-term volatility
- Liquidity can change around market opens, closes and major events
Central banks and rates
Policy decisions, interest-rate expectations and central-bank guidance change the relative yield outlook between currencies.
Inflation and employment
CPI, labour-market data and wages can change expectations for future monetary policy and create rapid repricing.
Economic releases
High-impact releases such as US payrolls can cause fast moves, wider spreads and less predictable execution conditions.
Growth and activity
GDP, PMI, retail and business-activity data shape expectations about the strength of an economy and its policy path.
Capital and trade flows
Cross-border investment, trade balances and hedging demand can affect longer-term currency supply and demand.
Risk sentiment and liquidity
Changes in global risk appetite can shift capital between currencies, while thinner liquidity can amplify both price movement and spreads.
OANDA forex pricing, sizing and risk tools
OANDA combines two pricing models, flexible position sizing and risk-management orders, with features varying by platform, product and sub-account.
Two pricing models
Choose spread-only pricing or core spread plus commission. Published starting spreads are variable, and total costs can also include financing and currency conversion.
Units or lots
OANDA's own platform supports unit-based FX sizing, while MetaTrader accounts use lots. One standard FX lot represents 100,000 units of the base currency.
Stop orders and GSLOs
OANDA Asia Pacific provides stop-loss and other risk orders, with GSLO and margin-relief availability depending on the product, platform and account type.
Trade OANDA forex across multiple platforms
OANDA Web, Mobile, TradingView, MT4 and MT5 provide different interfaces for the broader OANDA trading environment, but features and sub-account product sets are not identical.
OANDA Web and Mobile
Use OANDA's own web and mobile interfaces for supported forex CFDs, charts and risk orders. Platform access is listed on the download page.
TradingView, MT4 and MT5
TradingView offers chart-based trading, while MT4 and MT5 support MetaTrader workflows including automated strategies and custom tools on compatible desktop environments.
Account terms determine features
Available pairs, margin, GSLOs, order types and position-size conventions depend on the sub-account and platform connected to your OANDA login.
OANDA forex trading FAQ
For more account, funding and platform questions, see our FAQ page.
How many forex pairs does OANDA Asia Pacific offer?
OANDA Asia Pacific currently lists 68 global currency pairs as forex CFDs, spanning major, minor and regional markets. The instruments available to your account are shown in the relevant trading platform.
What are OANDA's two forex pricing models?
Spread-only pricing includes OANDA's commission in the quoted spread. Core pricing uses a reduced spread plus volume-based commission; major FX core spreads currently start from 0.0 pips.
What is the minimum OANDA forex trade size?
OANDA's native platform uses units and can support very small FX position sizes, while MT4 and MT5 use lots and typically start FX CFDs from 0.01 lot. One standard lot equals 100,000 base-currency units.
What are OANDA Asia Pacific's forex trading hours?
Most FX CFDs trade from Sunday 17:05 to Friday 16:59 New York time, with a six-minute daily break from 16:59 to 17:05. TRY pairs have a separate schedule, and NZD pairs have an additional six-minute break.
What leverage applies to OANDA Asia Pacific forex CFDs?
Margin rates vary by pair and client classification. OANDA Asia Pacific currently offers maximum leverage up to 20:1 for retail clients and up to 50:1 for accredited investors on eligible products.
Which platforms can I use for OANDA forex trading?
OANDA Asia Pacific supports OANDA Web, OANDA Mobile, TradingView, MetaTrader 4 and MetaTrader 5. The products, order types and automation features available are not identical across every platform or sub-account.
OANDA Forex CFDs
68 FX pairs, two pricing models and multiple platforms
Access OANDA forex CFDs through OANDA Web, Mobile, TradingView, MT4 or MT5. Pricing, leverage, available pairs and risk-management features depend on your account and platform.