What division will I contract with when I apply for an OANDA Account? (2024)

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Your OANDA division is based on your country of residence. Kindly be aware that our account applications are processed in line with regulatory and legislative requirements.

OANDA opens accounts for clients from most countries, but we regret that we are unable to consider applications from residents of a few countries at this current time. You can confirm your ability to register by visiting our registration page and entering your country of residence on the account application page.

All applications are assessed on an individual basis and there is a small chance your application may not be successful, regardless of where you reside. Below is a list of OANDA’s divisions:

OANDA Corporation

Description Requirements
OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association .No: 0325821. Residents of the US and its territories , with either a valid social security number or US visa entry document (or similar) can apply to open an account with OANDA Corporation.

Register now

OANDA Europe Limited

Description Requirements
OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 9a, Tower 42, 25 Old Broad St, London EC2N 1HQ. It is authorised and regulated by the Financial Conduct Authority No: 542574. Residents of the UK may apply for an OANDA Europe account. Apart from the UK, non EU EEA countries and British overseas territories may be eligible to apply. For more information and to check whether your country is eligible to open an account with OANDA, please visit our website.

Register now

OANDA TMS

Description Requirements
OANDA TMS Brokers S.A. has its registered office in Warsaw and is subject to the supervision of the Polish Financial Supervision Authority. Residents of the European Union may apply for an OANDA TMS account.

Register now

OANDA (Canada) Corporation ULC

Description Requirements
OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Canadian Investment Regulatory Organization (CIRO) (CIRO), which includes CIRO's online advisor check database (CIRO AdvisorReport) . Residents of Canada with either a valid social insurance number or Canadian visa entry document (or similar) can apply for an account with OANDA Canada. We regret that we are unable to consider applications from residents in the province of Alberta at this time.

Customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

Register now

OANDA Asia Pacific Pte Ltd

Description Requirements
OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore. Residents of Singapore may apply for an account with OANDA Asia Pacific.

Register now

OANDA Australia Pty Ltd

Description Requirements
OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on this website. Residents of Australia and Australian overseas territories can apply to open an account with OANDA Australia Pty Ltd

It's important for you to consider the current Financial Service Guide (FSG) , Product Disclosure Statement ('PDS') , Target Market Determination Policy, Account Terms and any other relevant OANDA documents before making any financial investment decisions. These documents can be found here.

OANDA Global Markets

Description Requirements
OANDA Global Markets is authorised and regulated by the Financial Services Commission (FSC) in the British Virgin Islands (BVI). Residents of select countries can apply to open an account with OANDA Global Markets

Register now

Still have questions? Chat with an agent.

What division will I contract with when I apply for an OANDA Account? (8)

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Select the division:

<![CDATA[]]>United States<![CDATA[]]>

© 1996 - 2023 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners.<![CDATA[]]>

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.<![CDATA[]]>

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circ*mstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. More Information is available using the NFA Basic resource.

On this website, we provide translated content for your convenience. In case of any inconsistency or discrepancy between the original English content and its translated versions, the English version shall prevail.

What division will I contract with when I apply for an OANDA Account? (2024)

FAQs

What are the requirements to open OANDA 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.

Does OANDA ask for a social security number? ›

Please monitor your email (including your junk folder) 24-48 hours following submission of your application, as we may request further supporting documentation, such as: A copy of your signed Social Security Number (SSN) card: only requested from some clients and in certain circ*mstances.

How long does it take to get approved for OANDA? ›

Once your application is submitted, please wait for 1-2 working days to receive an approval email from OANDA.

What documents are required for OANDA verification? ›

What information do I need to provide for ID verification whenever applicable? We usually ask for a copy of your passport and bank statement dated within the last 3 months for full account verification. A member of our onboarding team will review the documents you send us.

Does OANDA charge a monthly fee? ›

You will be charged a monthly fee of 10 units of the currency in which your account is denominated when there are no open trades in your account for a period of at least 12 months.

How much money do you need for OANDA? ›

There is no minimum deposit or minimum balance required to open or maintain an OANDA account.

Does OANDA provide 1099? ›

OANDA does not report taxes on behalf of our clients, and as such, we do not provide any tax forms relating to profit/loss on your account (e.g. 1099-B form). Your annual account statement may help you with your tax reporting. You can download your annual account statement from the HUB by clicking on Statements .

What is proof of residence for OANDA? ›

We accept one of the following documents: Utility bill (electricity, water or telecommunications bill) Investment account statement (RRSP, GIC)

Can you actually withdraw from OANDA? ›

Funds can be withdrawn by logging in to 'manage funds' using your OANDA Trade account details. Remember: withdrawals are subject to our hierarchy rule. If you have deposited funds using multiple methods, you must exhaust the total deposit amounts first by debit card, and then followed by bank wire transfer.

Does OANDA offer a welcome bonus? ›

The Customer Bonus promotion gives you trading bonus credits* of 50% of your initial deposit, if you deposit a minimum of 25 USD. You can get a maximum bonus* of 5,000 USD.

Can US traders use OANDA? ›

OANDA. Trade forex with the no.1 US broker for active forex accounts^ and get a welcome bonus up to $10k. That's what you call a win-win. *You can get a welcome bonus of up to $10,000 if you deposit $50,000 and trade a notional volume of $50,000,000.

How do I get started with OANDA? ›

How to open an account
  1. Step 1: Apply for a live trading account. Apply today. ...
  2. Step 2: Fund your account. Once your account has been approved by our onboarding team, you can log in to your OANDA account and deposit, withdraw and transfer funds. ...
  3. Step 3: Trade.

Does OANDA require SSN? ›

Residents of the US and its territories , with either a valid social security number or US visa entry document (or similar) can apply to open an account with OANDA Corporation.

What is the minimum order for OANDA? ›

Which account is right for me?
StandardPremium
Minimum order size0.01 lots0.01 lots
Instruments availableOver 200Over 200
Stop-out level50%50%
One-click tradingYesYes
9 more rows

How do I deposit money into OANDA? ›

Using the OANDA mobile app
  1. Go to the profile icon in the top bar, select the sub-account you want to transfer funds to and then click on Add Funds or.
  2. Go to More in the bottom navigation bar and click on Add Funds . Note: For spot crypto sub-accounts, instead of More click on Settings in the bottom navigation bar.

What is the minimum account in OANDA? ›

There is no minimum deposit amount. Ready to start trading? Open an account in minutes. With over 25 years of experience, the OANDA Group offers leading tools, powerful platforms and transparent pricing.

Does OANDA accept ITIN number? ›

OANDA accepts both Social Security Numbers (SSNs) and Individual Taxpayer Identification Numbers (ITINs) as identification.

How do I open a real account on OANDA? ›

How to open an account
  1. Step 1: Apply for an account. Apply today. ...
  2. Step 2: Verify your identity and address. We may need you to send some documentation to verify your identity. ...
  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.

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