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.
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 drivers 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
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 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:
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.
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.
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.
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.