CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.6% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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.

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Step 1: Apply for an account

To apply, you must be over 18 years old, and a legal resident of the country from which you are applying.

We only ask questions that are relevant to your application and for regulatory purposes.

Be prepared to upload proof of identity and address, such as your full passport or national ID card.

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Step 2: Verify your identity and address

We will need you to send some documentation to verify your identity and address. 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

You can use an identity document such as your passport (preferred) or national ID card (front and back) to verify your identity. For example, your South African national ID card.

Scan or take a photo of your document.

We cannot accept copies of copies, black and white copies and/or photocopies. The document must be either a scan or photo of the original document.

Proof of address
Bank statement (preferred), of the account you are planning to use to fund your OANDA account. The document should have your name and address on it. In certain cases, we may ask for more than one document as proof of your address.

The document should show your current residential address and must match the address on your OANDA account application. It should be for an account held in your name and be the most recently issued version. For example, within the last three months for bank statements.

We can accept documentation registered to a PO box, however, we will still require you to register your residential address and provide the necessary documentation to verify your residential address.

To ‘c/o' or ‘care of’ documents cannot be accepted.

Online generated proof of address documents should be in PDF format and must be downloaded from your online account. In the case of screenshots, you will need to include the whole web page as well as the URL of the site from where the document was downloaded.

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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 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.

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*Best Trading Tools winner (Online Personal Wealth Awards 2021). Awarded highest client satisfaction for telephone customer service (Investment Trends 2021 UK Leverage Trading Report, Industry Analysis). Voted Best Forex and CFD Broker 2021 (TradingView Broker Awards 2021). Most Popular Broker (TradingView Broker 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.

Take a position with OANDA Trade

OANDA Trade can be accessed from your web-browser, tablet and mobile devices.