Does oanda offer a cash account and not margin

Yes, OANDA offers a cash account and not a margin account. OANDA provides both Cash and Margin accounts with specific funding requirements. A Cash account is an account where securities are paid for in full with the available cash in your account. The advantage of a Cash account is that it does not charge interest and does not allow borrowing funds or shorting securities. This type of account is suitable for traders who prefer to trade with their own capital and want to avoid debt. On the other hand, a Margin account allows traders to buy securities with borrowed funds and is suitable for traders who want to leverage their investments to increase their purchasing power. However, OANDA does not offer a margin account, they only provide cash accounts.