Governed by the National Futures Association (NFA), OANDA Corporation establishes margin rates and maximum leverage at their discretion.
You need sufficient margin (collateral) in your trading accounts to cover any losses you might incur on your positions. See OANDA's margin rules for information on margin, margin closeouts, and how they can affect you.
Warning: These figures are subject to change when NFA requirements are updated. To avoid margin closeouts, ensure you have sufficient additional margin in your account at all times to address updated margin requirements.
The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 on FX products and limits to leverage offered on CFDs apply. Maximum leverage for OANDA Canada clients is determined by IIROC and is subject to change. For more information refer to our regulatory and financial compliance section.
Your capital is at risk. Losses can exceed investment. Leverage trading is high risk and not for everyone.