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Thread: Oanda: our Balance earn interest?

  1. #1
    My Demo Oanda account has $100K in it. . I've got the demo sometime a year ago and when I moved back a couple of days ago, I saw a $20 additional everyday.

    Does Oanda provide us Daily Interest on our Balance? I am not referring to some Swaps but rather on the cash deposited...

  2. #2
    ... I asked 1 moment just how much interest was earned... in the time it had been a bit over 4 percent (year) on your balance. Not sure how much it is.

    Joyful Trading....

  3. #3
    It's currently 4.925percent every day. It's one reason I exchange together!

  4. #4
    Where on the Oanda site does it state about daily interest payments?

  5. #5
    Click on the activity tab, shows paid and debited interest

  6. #6
    Quote Originally Posted by ;
    It's currently 4.925% per day. It's one reason I trade with them!
    Just how much is your rate today?

  7. #7
    Quote Originally Posted by ;
    Just how much is your rate now?
    It is negligible. The platform is down for maintenance so I can't check just but it can't be any more than 0.25%.

  8. #8
    Quote Originally Posted by ;
    It's negligible. The platform is down for maintenance so that I can't check exactly but it can't be any greater than 0.25%.
    You're a way incorrect. It depends upon the currency your account is financed with.

    In case you've AUD as account currency then it is a lot greater than if you would have an USD account. Currently AUD is approximately 4.4percent and USD would be 0.15percent and so on. You can choose between 9 different account currencies.

  9. #9
    Quote Originally Posted by ;
    You are a way wrong. It's dependent upon the currency your account is funded with.

    If you've AUD as account currency then it is a lot higher than in case you would have an USD account. Currently AUD is around 4.4percent and USD will be 0.15percent and so forth. You can choose between 9 different account currencies.
    Oh, yeah Forgot about that. I'm funded in GBP so it is shite.

  10. #10
    Simply asking on behalf of a friend:

    Can Oanda pay interest on unused margin just on their'traditional' trading platform, or does this apply to their MT4 platform also?

    Thanks,
    David

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