How to open an account

Start trading with OANDA in 3 easy steps: complete our application form, fund and trade. You don’t need to submit documentation for identity verification when you open a trading account and deposit up to US$9,000*.

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Step 1: Apply for a live trading account

To apply, you must be over 18 years old. We only ask questions that are relevant to your application and for regulatory purposes. Your application will be reviewed and approved by our onboarding team.

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Step 2: Fund your account

Once your account has been approved by our onboarding team, you can log in to your OANDA account and deposit, withdraw and transfer funds. This can be done using the transfers tab of your portal.

You can fund using a number of methods, including debit and credit cards, wallets and bank wire transfer. There is no minimum deposit amount and you can deposit up to US$9,000 (or currency equivalent) to your OANDA account*.

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Step 3: Trade

You are now ready to place your first live trade using your OANDA account.

Depositing/withdrawing more than US$9,000 (or USD equivalent)?

If you want to deposit/withdraw more than US$9000 or equivalent with us, you will need to provide further documentation such as a passport and current bank statement or similar as outlined on our FAQ page. If you are not an existing client, you will need to email your documents to frontdesk@. Following receipt, a member of our onboarding team will review your documents. If acceptable, we will notify you once the funding restrictions have been removed from your account.

*Full account verification needed before you can deposit or withdraw over US$9,000

Ready to start trading? Open an account in minutes

Already have a live trading account? It's easy to fund your account using one of the following payment methods.

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Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.

Transparent trading costs

We are upfront about our fees so you know how much you are paying when you trade with us.

What are financing costs?

Financing costs can affect your cost of trading, so it's important to understand how financing works.