Trading

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.

Hero Open Account
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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.

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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
Australia Driving License
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
Gas Bill
Bank Statement
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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.

Pay Now Logo DBS Logo PayPal Logo Bank Transfer Logo Wire Transfer Logo NTS Icon Cheque

* Awarded highest overall client satisfaction two years in a row (Investment Trends US FX Report 2017 and 2018)

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.