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Can OANDA convert my money?

OANDA is not an on-the-spot cash currency exchange provider. If you are looking to convert currencies, we encourage you to look into our partner TransferWise , which offers this type of service at competitive rates.

Rates on our currency converter are for informational purposes only.

Rates on our OANDA trading platform are for speculative spot trading . Please note that in Forex trading, you are not actually converting funds. You are instead speculating on the strength or weakness of one currency versus another.

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Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. More Information is available using the NFA Basic resource.

On this website, we provide translated content for your convenience. In case of any inconsistency or discrepancy between the original English content and its translated versions, the English version shall prevail.