What is the raw spreads + commission pricing model?

For clients with spread-sensitive trading strategies, we offer a raw spreads + commission pricing model. Developed for high-volume traders, this model utilizes reduced spreads to facilitate more precise entry and exit points. The fixed commission structure provides transparent transaction costs, allowing for more efficient execution during periods of high market liquidity.

To enroll in the raw spreads + commission pricing model, send an email to sales-anz@oanda.com. We will reach out to you via phone or email to confirm that the raw spreads + commission pricing model has been applied to your account.

With the raw spreads + commission pricing model, your total trading cost is the sum of the applicable raw spread and a fixed commission charge per trade.

For more information on the costs associated with the raw spreads + commission pricing model, refer to this raw spreads + commissions price sheet.

You can access spreads as low as 0.0 on selected major currency pairs, including AUD/USD, EUR/USD and USD/JPY.

Raw spreads fluctuate with market liquidity. During periods of lower liquidity, spreads may be higher than 0.0.

A commission of 3.50 AUD per 100,000 units is applied to each "leg" of a trade i.e. once when you open the position and once when you close it. As closing a trade constitutes a separate and distinct transaction, a commission is applied upon the exit. Commissions are prorated based on your actual trade volume. For example, a 10,000-unit transaction incurs a commission of 0.35 AUD per leg.

If your account is denominated in a currency other than AUD, the following AUD-equivalent commission applies per 100,000 units traded.

Account currency Commission amount in your account currency per 10,000 units
CAD 4.00
USD 3.00
CHF 3.00
GBP 2.40
EUR 2.70
HKD 24.00
JPY 330
SGD 3.50

You can also get access to the reduced commissions with our premium account. To get more information, refer to the premium account page.

A commission of 2.75 AUD per 100,000 units is applied to each "leg" of a trade i.e. once when you open the position and once when you close it. As closing a trade constitutes a separate and distinct transaction, a commission is applied upon the exit.

If your account is denominated in a currency other than AUD, the following AUD-equivalent commission applies per 100,000 units traded.

Account currency Commission amount in your account currency per 10,000 units
CAD 3.30
USD 2.60
CHF 2.60
GBP 2.20
EUR 2.30
HKD 22.00
JPY 300
SGD 3.50

In this hypothetical example, you open a trade for 100,000 units of AUD/USD while spreads are at 0.0. The buy trade incurs a commission of 3.50 AUD, and when you close the position, a 3.50 AUD commission is applied. This results in a total commission cost of 7.00 AUD for the trade.

In this hypothetical example, you open a trade for 150,000 units of AUD/USD while spreads are at 0.0. The buy trade incurs a commission of 5.25 AUD, and when you close the position, a 5.25 AUD commission is applied. This results in a total commission cost of 10.50 AUD for the trade.

In this hypothetical example, you open a trade for 10,000 units of EUR/AUD while spreads are at 1.2 pips.

SpreadClosedThe difference between the bid and the ask price. cost:

In EUR/AUD, 1 pip for a 10,000 unit trade is worth approximately 1.00 AUD. If the spread is 1.2 pips, your cost is: 1.2 pips x 1.00 AUD/pip = 1.20 AUD

Commission cost:

The buy trade incurs a commission of 0.35 AUD, and when you close the position, a 0.35 AUD commission is applied. This results in a total commission cost of 0.70 USD for the trade.

Total cost:

Spread cost (1.20 AUD) + commission cost (0.70 AUD) = 1.90 AUD

To ensure you are trading instruments with the raw spreads + commission pricing model applied on MT4, check your MT4 server.

Your MT4 server is OANDA-v20 Live-4, all the instruments you want to trade must have the -f suffix shown next to the instrument, for example, EUR/USD -f.

If you do not see such instruments on your Terminal and the raw spreads + commission pricing model is enabled on your account, you need to add them in MT4.

If the raw spreads + commission pricing model is enabled on your account, you trade the standard instrument names, for example, EURUSD or XAUUSD, in MT5.