Like any other broker that provides the best service to retail traders, OANDA offers swap-free accounts。

OANDA is one of the most popular regulated forex brokers in the world to meet the trading needs of a large number of traders。OANDA offers five different account types, each with unique features and benefits, namely standard accounts, core accounts, premium accounts, premium core accounts, and swap-free accounts, which will be the focus of this article。

By definition, a no-swap account is an account designed for Islamic faith traders that has a fixed fee instead of a swap fee。The fee is not interest, it depends on the direction of the order initiated by the trader。

OANDA No Swaps account is an account type designed for traders who do not want to pay or receive interest on swaps or execute trades.。For traders who want to access the OANDA No Swaps account, they need to open a standard account before they can request to switch to the No Swaps account。

How OANDA no-swap accounts differ from other types of accounts？The standard account means that a trader may be charged or credited with overnight interest or interest on any open leveraged positions they hold before the end of each trading day, known as overnight fees, or swap fees.。This is where the no-swap account comes in because it is ideal for traders who do not want to charge overnight interest or interest。

OANDA Swap-Free Account Features

Swap-free accounts allow traders to take positions in 26 very popular financial instruments, including Forex currency pairs and indices such as EUR / USD, UK 100 and Germany 40.。The following table further describes the key features of the OANDA swap-free account。

Minimum EUR / USD spread	1.6 o'clock
Maximum transaction size	10,000,000
Deposits	$0
Available account base currency	USD
Permission to trade scalping	✅
Allow hedging	✅
Allow EA	✅

Trading with a no-swap account does not incur any administrative expenses during the first five days that the transaction remains open。However, starting from the sixth day, management fees will be charged for each day that the transaction continues to open until the transaction is finally closed.。

Management fees are charged per lot of transactions, except for the Japan 225 Index, which is charged per 100 lots of transactions。Management fees vary for each instrument, and the table below shows the 26 financial instruments available on the OANDA no-swap account along with the corresponding minimum spreads and management fees charged。

Trading instruments	lowest point difference	Management fee per lot (USD)
GBP/USD, EUR/GBP, AUD/USD, USD/CHF, EUR/CHF, AUD/JPY	1.7 o'clock	$7
EUR/USD, USD/JPY	1.6 o'clock	$7
EUR/JPY, NZD/USD, USD/CAD	1.8 o'clock	$7
GBP/JPY	2.2 points	$7
GBP/CHF	2.3 points	$7
CHINA A50	12 o'clock	$4
AUS 200, UK 100, FRANCE 40, EUROPE 50, US NAS 100	1.6 o'clock	$4
US WALL ST 30	2.6 o'clock	$4
HONG KONG 50	6.6 o'clock	$4
GERMANY 30	1.7 o'clock	$4
JAPAN 225	8.6 o'clock	$4
US RUSS 2000	70 points	$4
SINGAPORE 30	3.6 o'clock	$4
US SPX 500	1.0 point	$4

For the record, management fees are charged daily from the sixth day of the transaction。Japan 225 charges per 100 lots。

Opening a swap-free account in OANDA is very simple and does not take long to get approved, so traders can start trading almost immediately。OANDA No Swaps accounts do not require full account verification unless the total deposit in the account exceeds $9,000。Although the number of tools available is not as large as other account types, these tools are still one of some popular trading tools。

Therefore, through the swap-free account, traders can minimize transaction costs while obtaining financial instruments with large trading volumes and liquidity。This gives them plenty of opportunity to make a profit without paying too much to execute the trade。

As mentioned earlier, swap-free is not the only account type offered by OANDA, and traders will have the opportunity to understand the features unique to each account type before making a choice。Still, swap-free accounts offer different advantages not found in other account types。

OANDA can be an option for traders looking for a precision broker。This is because OANDA is a broker that offers 5-digit accuracy quotes and active price movements that follow market developments.。The broker's orders are also executed faster。

It provides benefits for novice traders because they can use a calculation system based on currency value for smaller trading volumes, which is different from other brokers that use lot systems。

OANDA was founded in 1996 by Dr. Michael Stumm, Lecturer in Computer Engineering at the University of Toronto, Canada, and colleagues at The Olsen Ltd, one of the leading econometric research institutes..Dr. Richard Olsen co-founded the institution。Their headquarters are located in San Francisco, USA。

OANDA Branches Everywhere。Some of these offices are located in the UK, Singapore, Japan and Canada。With the distribution of the number of offices, OANDA increasingly attracts the attention of global customers。

OANDA's companies are registered in several well-known jurisdictions in the field of financial transactions。They are regulated by the US CFTC and NFA, UK FCA, Australian ASIC and others。Traders no longer need to worry about security when trading OANDA。However, these advantages make OANDA's trading rules more stringent than other brokers。

For example, OANDA only allows a maximum leverage of 1: 20 because the rules in the United States and Japan do not allow higher than that leverage。In addition, the registration process is more complicated due to various additional requirements that other forex brokers do not submit。Most importantly, hedging is not allowed in one trading account, as the client must open another account to hedge。

Nevertheless, OANDA is known as a leading broker and offers many advantages。OANDA faces greater market risk during periods of price volatility, such as economic and political news announcements。When market spreads increase or decrease, their pricing engine expands or narrows spreads accordingly。In this way, traders can be more quickly updated on market price movements。

Prices in the market move very quickly, especially when news releases have a large impact on market volatility。Brokers often exploit this situation to take advantage of clients by re-quoting。However, traders do not need to worry about additional fees when trading with OANDA。

Firms never withdraw re-quotes, so traders get maximum profit。When traders cannot monitor open positions, they can set take profit orders to lock in profits and stop loss orders to help prevent further losses。

As an experienced and well-known online forex broker, OANDA is committed to maintaining an efficient trading environment, reducing delays and providing tools to help clients manage acceptable levels of slippage.。

With OANDA's fast and reliable trading platform, customers can trade at 0.Execute within 012 seconds。This is suitable for traders who choose a broker based on execution speed。

Due to this outstanding executive service, it is no surprise that Oanda has won many awards, including the world's best retail forex platform award in the prestigious e-FX awards.。The broker was also rated number one for consistency in executing trades on quote, execution speed and platform reliability.。

There is no minimum deposit or minimum balance requirement to open an OANDA account, both deposits and withdrawals can be done easily。OANDA offers multiple payment method facilities including Paypal, wire transfer, credit and debit cards。Traders can adjust according to the region they live in。

OANDA offers more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent, copper, corn, natural gas, soybeans, sugar, etc.), 6 bonds and 23 metals.。

fxTrade and MetaTrader platforms available on OANDA。These platforms are available for desktop and mobile devices。Another advantage is that they have OANDA technical analysis in cooperation with Autochartist technical analysis provider。

With these platforms, customers can more easily monitor price movements and automatically identify patterns created on charts and receive alerts when waiting patterns appear。The technology can be used for free。

In summary, OANDA is the ideal broker for traders who need fast execution backed by years of experience.。The firm is also a good choice for those looking for a broker with good regulation and flexible trading and deposit conditions。