Trading

Deposits and withdrawals

It is simple and straightforward to deposit and withdraw funds to and from your OANDA trading account. Funds can be deposited using credit and debit card, BPay, online banking and bank wire transfer. You can withdraw funds using credit and debit card and bank wire (including online banking) transfer.

Funding

To initiate your first deposit into your OANDA trading account, simply select the ‘manage funds’ tab after logging in to your OANDA account. This brings you to the ‘My Funds’ page. Using your OANDA account details, you can make deposits, withdrawals and transfers between your OANDA accounts.

Credit card

We accept credit cards backed by MasterCard and Visa. You may be charged a transaction fee and international processing fee by your card provider for using this method.

Debit card

We accept debit cards backed by MasterCard and Visa.

BPay

It can take up to 1-3 business days for funds to reflect into your account. You are required to send us a transfer receipt showing the amount sent. Make sure you submit your BPay transfer receipt to frontdesk@oanda.com

Online banking

Funding made via online banking transfer is processed between 1-3 business days. There is no maximum deposit limit, however, your bank may impose a limit per transaction. Your bank may charge a fee. Online banking transfers require a transaction receipt showing the bank account name, bank account details, amount sent, your transfer memo and/or date. Please make sure you submit your transfer receipt to frontdesk@oanda.com

Bank wire transfer

It takes 1-3 business days for funds to be deposited into your account, or up to 5 days for international bank transfers. Your bank may charge you a fee. There is no minimum or maximum deposit limit. Bank wire transfers require a transaction receipt showing the bank account name, bank account details, amount sent, your transfer memo and/or date. Please make sure you submit your transfer receipt to frontdesk@oanda.com

Deposit limits will reset on the first of every calendar month at 00:00 hours (GMT). For more information about depositing funds into your account and the various funding methods we accept, visit our deposit funds FAQ page.

Withdrawals

You can withdraw funds from your OANDA account via credit/debit card and bank wire transfer. Funds can be withdrawn by selecting the ‘Manage Funds’ tab after you log in to your OANDA account. This brings you to the ‘My Funds’ system. Irrespective of funding method, clients are able to request a withdrawal to any verified bank account.

These options are available to all clients apart from those that reside in Latin America.

Credit/Debit card

It takes between 1-3 business days for funds to be processed into your account. The total amount you can withdraw into your credit/debit card(s) cannot be more than the amount you originally deposited using your credit/debit card(s).

Bank wire transfer

To withdraw funds via bank transfer, your bank account details must match your OANDA trading account details. It takes between 1-2 business days to withdraw funds via bank wire transfer within Australia and up to 5 business days for international withdrawals. You must confirm that you are the owner of the bank account to which you wish to withdraw funds. You can do this by submitting documentation like a recent bank statement which confirms the name and address registered to the OANDA account owner, along with the account number and bank logo.

Find out more about how you can withdraw funds from your account.

Withdrawing funds by credit/debit card

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited using those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by credit/debit card (trading profits for example) may instead be withdrawn by online banking/bank wire transfer withdrawal.

It takes one business day for your withdrawal request to be processed at OANDA. We do our best to process your request as quickly as possible, but please consider that the following may also affect processing times:

Withdrawals to credit/debit cards are only processed after all your credit/debit card deposits have cleared. This on average takes around 1-3 business days from the date of your deposit.
Your credit/debit card provider may take up to 6 business days to complete your withdrawal.

Credit card withdrawals can incur fees. Please see our Withdrawal FAQs page for fee structures.

Withdrawing funds by bank transfer

Irrespective of funding method, clients are able to request a withdrawal to any verified bank account.

You will need to create a bank account profile for your new bank account. In the account management portal, click on ‘Manage Funds’ and then click on bank accounts. Click on ‘+add bank account’ to add a new bank account to your OANDA account. Then add a recent bank statement which confirms the name and address registered to the OANDA account owner, along with the account number and bank logo.

Click on ‘OANDA Trade accounts’ and select the account from which you wish to withdraw. Click ‘withdraw’ and select bank transfers as the withdrawal method, and then select the bank account to which you would like to withdraw funds. Enter the amount and select 'continue'. You may be charged a fee for withdrawing funds. Find out more about our fees and charges.

Funds can be withdrawn up to the value of the balance of your account, minus the amount of margin needed to maintain the open positions on your account. When requesting a withdrawal, you should ensure that there are sufficient funds remaining in your OANDA account to prevent margin calls on your remaining open positions.

Note: the above information reflects typical processing times for OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or debit card provider may take additional time to complete your withdrawal.