How to open an account
You can start trading across our award-winning* OANDA Trade platform and MT4 in three simple steps: complete our application form, verify your identity and deposit funds. You are now ready to place your first live trade with OANDA. It is as easy as that.
Step 1: Apply for an account
To apply, you must be over 18 years old. We only ask questions that are relevant to your application and for regulatory purposes. Be prepared to upload proof of identity and address.
Step 2: Verify your identity and address
We will need you to send some documentation to verify your identity and residency status. You can scan the below documents or use your smartphone to take a picture of the documents and submit them through our secure portal.
Proof of identity
To verify your identity, you will need to send either one of the following documents bearing a photograph of you:
- National identity card
- Passport
- Driver’s license
The document must meet the following criteria:
- Is not expired
- Should show your name, unique identification number, date of birth and nationality
- Is a government issued photo ID
Proof of address
To confirm your address, we need either one of the following documents as proof of address:
- Bank, credit card or insurance statement
- Utility bill, telephone bill
- A government issued document
In certain cases, we may ask for more than one document as proof of address.
The document must meet the following criteria:
- The entire document is shown
- It has not been altered
- It includes your full name
- The document should be dated within the last 3 months
Step 3: Fund and trade
To deposit funds, log in to ‘manage funds’ using your OANDA account details and click on the ‘deposit’ button. You can fund your trading account using a number of methods, including BPay, debit and credit cards, and bank wire transfer. There is no minimum deposit amount.
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.
*Voted Most Popular Broker 2021 (TradingView Broker Awards 2021). Voted Best Forex and CFD Broker 2021 (TradingView Broker Awards 2021). Best Trading Tools winner (Online Personal Wealth Awards 2021).
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.
Trade forex and CFDs
Take a position on a range of FX pairs and CFDs using the OANDA Trade and MT4 platforms.