How to open 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.

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 secured portal.

To verify your identity, we need either one of the following documents that bears a photograph of you:

• National identity card
• Passport
• Employment pass

The document must meet the following criteria:

• Is not expired
• Shows your name, unique identification number, date of birth and nationality.
• Is a government issued photo ID
• Is not an employee ID, student card or Driver’s license

Due to anti-money laundering policy, we are required to confirm your address. Please provide one of the following as proof of residence.

• A government issued document such as CPF statement, IRAS statement.
• Utility bill, Telephone bill
• Bank, credit card, insurance or mortgage statement

The document must meet the following criteria:

• The entire document is shown
• It has not been altered
• It is in English (or a notarized English copy is provided)
• It includes your full name
• It is issued within 6 months from the date of application.

Due to anti-money laundering policy, we are required to verify your identity for non face-to-face account application by one (1) of these methods.

Note: Uploaded proof(s) must not be edited. Please do not cover up any of the document content:

• Self-photo (selfie) – a photograph of yourself holding your Identity Card (Front Only). Please ensure the details of the Identity Card are clearly legible and your entire face is visible. Please ensure both your face and ID are uncovered, with your ID number reflected clearly. It's recommended to hold your ID card beneath your chin for clarity.
• Phone bill should be dated within the last 3 months – displaying your full name, address and phone number (e-statements are acceptable).
• Bank statement showing salary credited, dated within the last 3 months.

If you are unable to provide either of the above documents, please contact us at sales-oap@oanda.com for alternative options.

Please note that on occasion, additional documentation may be required.

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 PayNow, bank wire transfer and PayPal. There is no minimum deposit amount.