OANDA financing: equal rate, different 360/365 divisors
Separate the day-count from annual rate and account-currency conversion with a one-day example.
The source distinguishes terminal systems
Financing specifies DAYS as 360 for MT4 and 365 for MT5, with separate long/short rates and a 17:00 ET event. An annual rate is not a daily percentage.
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Diagram explained
Isolates day-count, not a total-cost ranking
- Assume USD 10,000 and annual 6%
- MT4 /360 → USD 1.6667 for one day
- MT5 /365 → USD 1.6438 for one day
Equal-notional, equal-rate illustration
Assume USD 10,000 value under the relevant formula, 6% annual charge and one day: /360 gives USD 1.6667; /365 gives USD 1.6438. This isolates day-count, not a universal MT5 cost advantage.
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Size and value differ by product
The page distinguishes FX/metals from indices/commodities, including end-of-day price for relevant value calculations. Do not apply an FX-size formula universally. Record side and conversion currency.
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Account availability and final rates
Account tables list platforms, while financing warns indicative and final rates can differ by account. Reconcile actual history charges. Withdrawal costs remain separately governed by funding/charges pages.
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Official oanda source Official oanda source Official oanda source
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