How to open a trading account

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 are now ready to place your first live trade with OANDA. It is as easy as that**.

Voted Most Popular Broker three years in a row (TradingView Awards 2022, 2021, 2020). Named Best in Class for Research and Ease of Use ( 2023 Annual Awards). Voted Best US Forex Broker (Compare Forex Brokers Awards 2023). Voted Best Low Cost Broker (ADVFN International Financial Awards 2023). Voted Best Forex Broker two years in a row (TradingView Broker Awards 2021, 2020). Awarded highest client satisfaction for mobile platform/app (Investment Trends 2021 US Leverage Trading Report, Margin Forex). Awarded highest overall client satisfaction (Investment Trends 2021 US Leverage Trading Report, Margin Forex). Best Trading Tools winner (Online Personal Wealth Awards 2021).

**Subject to account approval.

How to open an account hero
Step 1: Apply for an 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 driver’s license. If you pass eID, you won't have to provide further proof of identity and address documentation.

Step 2: Verify your identity and proof of address

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.

Don’t have a driver’s license?

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.

How to open an account Step 3
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 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.

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