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.
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 accountAskTraders Broker of the Month
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
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 |
Take this quick quiz to help us find the best path for you
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 . 68 % 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 .