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OANDA Rebates ā Get Back Up to 34% or up to US$17 per Million Traded
OANDA rebates allow FX traders who trade high volumes the means of recovering a portion of their trading fees, up to US$5ā17 per US$1 million traded, equating to cost savings of up to 34%.
With no extra fees and same-day payouts, it’s a simple way to enhance profitability through the utilization of OANDA’s reliable platforms and tools.
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š”ļø Regulated and trusted by the FCA and BVI.
š”ļø 0112Ā new traders chose this broker in the last 90 days.
š”ļø Available for Global Traders.
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| š Feature | ![]() |
| š Trust Score | 4.5/5 |
| šļø Regulated by | ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA |
| š» Platforms | MetaTrader 4, MetaTrader 5 |
| š° Minimum Deposit | USD 1 |
| š§¾ Account Types | Standard, Core, Swap-free |
| š Instruments Offered | Forex, indices, commodities, metals and cryptocurrencies |
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Overview

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OANDA, established in 1996, is a globally recognized forex and CFD broker known for its transparent pricing, advanced trading platforms such as OANDA Web, TradingView, and MetaTrader, and its ability to meet the needs of both retail and institutional traders.
The brokerās Elite Trader program provides generous rebates designed to reward high-volume traders, while its strong regulatory framework and dedicated client support ensure a secure and reliable trading environment.
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Pros and Cons
| ā Pros | ā Cons |
| Significant cost reduction (up to 34%) | High entry volume required may not suit smaller traders |
| Automatic, no hassle payouts | Rebates only available via Elite Trader account |
| Maintained spread quality (no markup) | Not available in all regions |
| Premium support, tools & perks included | Financing or inactivity fees could offset rebate value |
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What is an OANDA Rebate?
OANDA rebates are cash bonuses awarded to qualifying traders based on their monthly trading volume.
There’s no extra cost, spreads and commissions remain unchanged.
Rebates are calculated and automatically applied, helping traders reduce net trading costs without any additional effort.
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OANDA Rebate Details
Eligible Accounts:
Elite Trader (must trade US$10M+ per month)
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Excluded Regions/Accounts:
Standard accounts donāt qualify. Other region-specific terms may applyāalways check your local OANDA site.
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Max Rebate & Savings:
⢠Tier 1 (US$10Mā49M): US$5/M (ā10% savings)
⢠Tier 2 (50Mā249M): US$7/M (ā14%)
⢠Tier 3 (250Mā499M): US$10/M (ā20%)
⢠Tier 4 (500Mā1B): US$15/M (ā30%)
⢠Tier 5 (1B+): US$17/M (ā34%)
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Fixed vs Percentage:
Fixed cash rebate per million traded, scaling by volume tier.
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Advanced Trader Program:
A legacy/alternate loyalty offering that also provided up to US$15 per million based on deposits and volume
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Rebate Calculator
Use the calculator below to estimate your monthly cashback:
(Placeholder ā actual calculator handled on-site)
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How to Start Earning Rebates with OANDA
Step 1 – Click on the āCreate Account’ tab.
- Navigate to the Oanda official website and then start by clicking on the Create Account tab.
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Step 2 – Provide your country or Region.
- Select your country from the list below and click the “confirm and continue” tab.
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Step 3 – Fill in your details.
- Fill in the information sheet by providing the personal information you requested.
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Step 4 – Upload ID or Passport.
- Once you have finished filling in your details, you can next upload your ID or Password.
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Step 5 – Now you can start trading.
- Once your account has been set up, you can deposit your funds and start trading.
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Payout & Withdrawal
- Timing: Rebates are credited within about 15 business days after the end of the qualifying month.
- Minimums & Methods: Rebates apply directly to your trading account and are available via normal withdrawal channels, with no extra delays or tiers.
- Withdrawal Rules: Funds can be withdrawn per OANDAās standard withdrawal policy. (e.g., ACH, wire, debit card), always follow the deposit-to-withdrawal hierarchy.
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Comparison Table ā OANDA vs Competitors
| š¦ Broker | šø Max Rebate | āļø Platforms | š° Payouts | š”ļø Regulation |
![]() | Up to US$17 per US$1M (34%) | OANDA Web, MT4/MT5, TradingView | 15 business days post month | ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA |
![]() | Around $2.50/lot | MT4 / cTrader | Monthly | ASIC, CySEC, FSA, SCB |
![]() | Around $3.00/lot | MT4 / MT5 | Weekly | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA |
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Conclusion
OANDA rebates, via the Elite Trader Program, offer one of the most compelling cost-saving structures in forex trading.
With potentially up to 34% savings, transparent pricing, and seamless payouts, it’s an ideal fit for active, high-volume traders.
Use the rebate calculator to estimate your monthly gains, and take advantage of the powerful combination of OANDAās platforms and rebate rewards.Ā Start smart, trade more, and earn back as you go.
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Frequently Asked Questions
How is the rebate level determined?
Rebate levels are based on the monthly notional trading volume: the more you trade, the higher your per-million rebate (e.g., USD 5 to USD 17 per million).
When are rebates paid by OANDA?
Rebates are typically credited monthly after the end of the qualifying month once the required volume or tier is verified, though the exact schedule may vary.
Are rebates available for all account types?
No. Some OANDA rebate programs exclude certain account types (e.g., āPremiumā accounts) and may only apply for specific trading platforms or products.
Do rebates reduce my trading costs?
Yes, rebates effectively reduce your net cost per trade because you receive cash back or reduced commissions ā improving your net spread or cost basis.
Can I lose or forfeit my rebate eligibility?
Yes. If your trading volume falls below the required threshold or you change account type ineligible for rebates, you may lose eligibility until the criteria are met again.
Does OANDA publish a rebate calculator?
No formal rebate calculator is provided on OANDAās site; external sources estimate the rebate amounts based on volume tiers and per-million rates.
Are rebates available worldwide or in South Africa?
Rebate availability may depend on jurisdiction, regulatory conditions & account type. Always check with OANDAās local offering for South Africa to confirm they offer rebates there.
Do I need to sign up separately for the rebate program?
Often, yes, you may need to meet specific terms (apply for āAdvanced Traderā or āElite Traderā tier) and opt-in via your account manager or rebate partner to activate the rebate structure.
What are OANDA cashback rebates?
Cashback rebates at OANDA are cash payments or lower commission options provided to high-volume traders via the Advanced/Elite Trader programs. For example, traders can earn up to USD 15 per million traded in certain tiers.
Who is eligible for rebates at OANDA?
Eligibility depends on meeting high-volume trade thresholds and deposit requirements. For instance, one program requires monthly volumes of USD 10 million+ or deposits of USD 100k+ for higher-tier rebates.


