You can start trading across our range of award-winning* platforms in three simple steps: complete our application form, verify your identity and deposit funds. You’re now ready to place your first live trade with OANDA. It’s as easy as that**.
*Please see our latest awards here.
**Subject to account approval.
To apply, you must be over 18 years old, and a legal resident of the United States. 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 driver’s license. If you pass eID, you won't have to provide further proof of identity and address documentation.
Individual accounts
We may need you to send some documentation to verify your identity. You can scan the below documents or use your smartphone to take a picture of the documents and submit them through our secure portal.
Driver’s license (proof of identity and address)
You can use your driver's license to validate your identity and address. Scan or take a photo of the front of your license. Please ensure that the full page of the document is visible, all written details are legible and the face in the photo is clear/identifiable. If your driver’s license has your current address, then we need just one document.
If you don’t have a driver’s license, you can also verify your identity and proof of address using the below documents:
Government-issued passport or ID card (proof of identity)
Scan or take a photo. The scan should show your photo, name and date of birth. The document should be valid as of today (not expired).
Utility bill, bank statement or other document with your name and address on it (proof of address)
The document should show your current residential address and must match the address on your OANDA account application. It should be mailed or dated within the last three months and should be issued in your name. We cannot accept documents addressed as ‘c/o' or ‘care of’ unfortunately.
Corporate accounts
To open a corporate account, you need to first apply online (step one), then submit a paper application, as well as supporting documents.
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 cards, bank wire transfer and Automated Clearing House (ACH). There is no minimum deposit amount. Note: you can only deposit up to 50% of your net worth.
A trading account is an account that lets you trade a range of financial instruments online. A trading account doesn’t only provide you with access to financial markets, but also a variety of tools for technical analysis, risk management, automation, and more. An OANDA trading account allows you to trade forex pairs. Through our partnership with Paxos, you can trade cryptocurrencies, when you open a spot crypto account in addition to your regular forex trading account with us. And, if you’re a beginner who wants to practice, we offer a demo trading account as well.
Creating an online trading account is quick and easy. All you need to do is complete our simple forms and provide proof of your identity and address. Once your identity has been verified, you’ll gain access to your online trading account.
To open an online trading account with us, you must be over 18 years old and a legal resident of the United States. You then need your personal information, as well as proof of identity and address.
With an OANDA account, you can trade 68 forex pairs and nine cryptocurrencies.
Yes, you can use leverage with an OANDA account. The amount of leverage will vary depending on the financial instrument. However, you should always be aware that both profit and losses can be increased by leverage. Be sure to carefully consider your options and tolerance for risk before using leverage.
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.
With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing.
Depositing and withdrawing funds
It is simple and straightforward to deposit and withdraw funds to and from your account.
Transparent trading costs
We are upfront about our fees so you know how much you are paying when you trade with us.
Trade forex with OANDA
We are a globally-recognized broker with over 25 years' experience in foreign exchange trading.