What are the differences in fees between forex.com and oanda for trading cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  When comparing the fees for trading cryptocurrencies on forex.com and oanda, it's important to consider the fee structures of both platforms. Forex.com charges a transaction fee, which is a percentage of the trade value. On the other hand, Oanda charges a spread fee, which is the difference between the buying and selling price of a cryptocurrency. In terms of deposit and withdrawal fees, forex.com may have fees for certain payment methods, while Oanda does not charge any fees for deposits or withdrawals. It's also worth mentioning that forex.com offers a tiered fee structure based on trading volume, which can result in lower fees for high-volume traders. Overall, it's recommended to review the fee schedules of both platforms to determine which one aligns better with your trading preferences and needs.
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