Trading

Deposits and withdrawals

It is simple to deposit and withdraw funds to and from your trading account. You can deposit, withdraw and transfer funds between your OANDA sub-accounts from your ‘My Funds’ page. Login to your account and click ‘Manage Funds’ to view your ‘My Funds’ page.

Deposits

You can fund your account using a number of different methods:

PayNow/QR Pay

We accept PayNow (UEN: 200704926K) and QR Pay deposits from the following banks in Singapore: DBS/POSB, Bank of China, Citi, HSBC, Maybank, OCBC, Standard Chartered and UOB. Deposits made using this method are typically the quickest for Singapore residents and will be credited to your account within one to two business days. Please quote your full OANDA v20 account number in the reference field for speedier crediting of funds. Please note that transfers by PayLah and Google Pay are not accepted. Any deposits made by this method will be returned.

DBS Bill Pay (SGD only)

Deposits made via DBS Bill Pay are processed between one to two business days. Please indicate your full OANDA v20 account number as the bill reference for speedier crediting of funds.

PayPal

You can fund your account using your own personal PayPal account. It usually takes up to one business day for funds deposited via PayPal to be visible on your account.

FAST

It takes one to two business days to process SGD deposits made via FAST to OANDA Asia Pacific DBS accounts. Please indicate your OANDA v20 account number in the reference field for speedier crediting of funds. To obtain the OANDA bank account details, log in to your account here.

Bank wire transfer

We accept payments in nine different currencies via a range of bank transfer options. The processing times for these methods vary and typically range between one and three business days.

Cheques

We accept cheques for deposits in SGD and USD. Once received, cheques are processed within five business days.

Withdrawals

You can withdraw funds from your account via a number of different payment methods.

Please note:-

We return all funds to any bank within the same country. If for instance, you deposited by bank X wire transfer, you may opt to withdraw funds to bank Y account so long as bank Y is within the same country jurisdiction as bank X, the account is registered to your name, and upon evidence with a bank statement.
Subject to our withdrawal hierarchy, we return all funds to any bank within the same country where you are resident in. If for instance, you deposited funds by wire transfer from bank X, you may opt to withdraw funds to an account in bank Y so long as:

Bank Y is within the same jurisdiction as bank X.
You are currently residing in that jurisdiction.
The account in bank Y is registered to your name
You have provided a bank statement from bank Y which contains a residential address that matches OANDA's records.

PayPal

We process withdrawals to PayPal personal accounts only. Withdrawals to PayPal accounts are usually processed within one business day.

Bank wire transfer

You can withdraw funds straight to your bank account via bank transfer.

For more information about withdrawing funds from your trading account, visit our Withdraw funds FAQ page.

Cheque

Cheque withdrawals can only be processed in SGD for Singaporean residents and are always mailed to the address that is on file with us. Withdrawal via cheque issuance require 2-3 business days, excluding mailing time.