Before We Get Started, Take A Look At Our Other Oanda Guides:
- Read our Oanda review
- Find out more about Oanda’s average rates
- Compare the best forex brokers
OANDA Minimum Deposit
There is no minimum deposit required to open an account with Oanda. You can start trading with as little or as much as you feel comfortable with.
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IG Minimum Deposit vs Other Brokers
Oanda compares favourably against other brokers in the market, who often have high down payment requirements before you can start trading. The ability to trade with an amount that you feel comfortable with makes it a great choice for new and aspiring traders:
| OANDA | City Index | eToro | XTB | Pepperstone | |
| Min.Deposit | £0 | £100 | $200 USD | £250 | $200 AUD |
| Full Review | Oanda Review | City Index Review | eToro Review | XTB Review | XM Review |
OANDA Deposit Fees
Oanda does not charge any minimum deposit fees. However, you may be charged a fee by your payment provider so it is a good idea to check before making a deposit.
- Credit Cards – Transaction fee & international processing fee
- Debit Cards – Service fee
- PayPal – Service fee plus percentage of total amount deposited
- Bank Transfer (BACS) – Service fee. Intermediary banks may also deduct fees
Open an Account with OANDA
: No minimum deposit
Full ReviewStart trading today with OANDA and benefit from low spreads, no minimum deposit requirement and award-winning customer support.
OANDA Deposit Methods
Oanda offers several deposit methods including:
- Credit/Debit Card
- PayPal
- Bank Wire Transfer (BACS, CHAPS, SEPA)
Unfortunately, at present, you're unable to make a deposit using electronic wallets such as Neteller and Skrill. Deposits made via credit/debit card and PayPal will take one business day to appear in your account. Deposit time by wire transfer varies depending on the processing time of your bank.
| Deposit method | Minimum deposit | Average processing time | Fees |
| Credit Cards | None | Immediate | Your bank may charge you a fee |
| Debit Cards | None | Immediate | Your bank may charge you a fee |
| PayPal | None | Up to one business day. eCheques will take one business day after being cleared by PayPal. | A fee will be charged by PayPal when funds are deposited. Please contact PayPal for more information. |
| Internet banking via Faster Payments | None | One to two business days | Your bank may charge you a fee |
| BACS or internet banking via BACS | None | Two to three business days | Your bank may charge you a fee |
| CHAPS payment | None | One to two business days | Your bank may charge you a fee |
| SWIFT | None | Two to five business days | Your bank may charge you a fee |
| SEPA Credit Transfer | None | Two to five business days | Your bank may charge you a fee |
