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 secured portal.

Proof of identity

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

Singapore ID Card Front Example
Singapore ID Card Back Example
Proof of address

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.
Non face-to-face verification

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.

Singapore Gas Bill Sample
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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 PayNow, bank wire transfer and PayPal. There is no minimum deposit amount.

* Awarded Highest Quality of Trade Execution two years in a row (Investment Trends Singapore FX Report 2019 & 2020); Best Platform Reliability (Investment Trends Singapore FX Report 2020) and Best Mobile/Tablet Platform/App, Email Customer Service and Algorithmic Trading (Investment Trends Singapore FX Report 2019). Also voted Most Popular Broker and Best Forex and CFD Broker 2020 (TradingView Broker Awards).

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

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 FX and CFDs

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