How to open a trading account

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 drivers license. If you pass eID, you won't have to provide further proof of identity and address documentation.

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.

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 drivers license has your current address, then we need just one document.

Don’t have a driver’s license? You can also verify your identity and proof of address using the below documents:

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).

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.

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.