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.

Hero Funding

Deposits

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

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PayNow

We accept PayNow 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 is typically the quickest for Singapore resident and will be credited in your account within 1-2 business day.

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DBS Bill Pay

Deposits made via DBS Bill Pay is processed between 1-2 business days.

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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.

Bank Wire Icon

Internet and bank wire transfer

We accept payments via a range of different bank wire and bank transfer options. The processing times for these methods vary and typically ranges between 1-3 business days.

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Cheques

Cheques for deposits in SGD are acceptable and upon arrival at our office, would be processed within 5 business days.


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 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.
  • All withdrawals are subject to our hierarchy rules. If you have deposited funds using multiple methods, you must withdraw the total sum deposited by each means in a set order, for example: first by debit cards, then credit cards, then PayPal and finally bank wire transfer. Find out more about how you can withdraw funds from your account.
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PayPal

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

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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.

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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.

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

Trade FX and CFDs

Take a position on a range of FX pairs and CFDs using the OANDA Trade and MT4 platforms.

What are financing costs?

Financing costs can affect your cost of trading, so it's important to understand how financing works.

Transparent trading costs

We are upfront about our fees so you know how much you are paying when you trade with us.