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OANDA Minimum Deposit Guide

Updated: 13 Aug 2021

Before We Get Started, Take A Look At Our Other Oanda Guides:

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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FXTM (trading under ForexTime Limited) is a multi-award-winning, leading Forex and CFD broker. Regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK, FXTM not only provides a safe and secure place to trade but an industry-leading experience for traders of all levels. You can get started with just £100 or practice for free in a demo account

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 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

Oanda: No minimum deposit

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Start 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

 

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FAQ

With OANDA’s zero minimum deposit and low fees, this platform is great for new investors looking to start small.

To withdraw funds via bank transfer, your bank account must be in the same name as your OANDA trading account. It takes between one and two business days to withdraw funds via bank wire transfer within the US and up to five business days for international withdrawals.

OANDA offers a maximum leverage of 100:1, but we recommend clients cap their leverage at 20:1 or lower.

It’s not possible to directly buy or sell an index. At OANDA, you can trade indices as a CFD or spread bet.

No. But you will only pay a fixed commission per trade. The total cost for each trade will be the sum of the applicable core pricing spread plus commission. OANDA core pricing spreads start from as low as 0.0*, with $50 commissions per 1M.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .