OANDA Minimum Deposit

OANDA’s minimum deposit in Australia is AUD 0. OANDA offers three retail account which is their Standard Account, Raw Account, and Premium Accounts

In this article, we cover OANDA’s accounts and their minimum deposits. You will also find all you need to know about funding methods and how much they cost. We will also show you how to fund your OANDA trading account.

How Much is OANDA’s Minimum Deposit in Australia?

Now we begin to breakdown OANDA’s Accounts. OANDA has three trading account in Australia.

Read more on the accounts below.

1) Standard Account

You need AUD 0 minimum deposit for this account. OANDA’s Standard Account is a spread-only trading account. It is a retail account that is best for CFDs like currency pairs, major indices, commodities, metals and bonds.

The lowest minimum spread is 0.3 pips. This account is available on OANDA Trade web platform, mobile and tablet apps, TradingView, and MT4.

Apart from spreads, there are no other trading fees.

2) Raw Account

Minimum deposit for Raw Account account is AUD 0.

Apart from zero spreads, you will pay extra commission per standard lot. Spreads are much lower on this account. The lowest minimum spread is 0.0 pips. Fully automated execution is also supported on the account.

You can only use GSLO on indices, FX, gold, silver, and crude oil CFDs if you use OANDA’s trading platforms (OANDA Trade web, mobile and tablet). The commission for this account is AUD3.50 per standard lot.

3) Premium Accounts

Minimum deposit for OADNA’s Premium Accounts is AUD 10,000. You can choose to open the Premium Spreads Account or the Premium Commission Account. The differences between the two accounts is the CFDs they are suitable for and the trading fees.

4) Corporate Account

You can open OANDA’s corporate account with AUD 0. No mandatory minimum deposit. The corporate account is for businesses.

Your business can register with OANDA as an entity and trade CFDs. This account is not a professional account though it is owned by your business.

Corporate Accounts are available as core pricing or spread-only accounts. The trading conditions, CFD instruments available, and trading fees are the same ad OANDA’s two retail accounts.

5) Professional Account

Apart from the retail accounts we have reviewed, OANDA also have a Professional Account.

To open a Professional Account, you need to open a Personal, Joint, or Corporate Retail Account first. Then you can reach out to OANDA’s support team to upgrade your account.

However, there are certain criteria you need to meet before your account can be upgraded. The OANDA Professional Account does not have a required required minimum deposit.

OANDA Deposit Methods and Required Fees

You can fund your OANDA CFD trading account with a number of different methods. OANDA has AUD-based trading account so you can fund your account in Australian Dollar (AUD).

Here are the funding methods available for traders resident in Australia.

Credit/debit card: OANDA accept payments from credit and debit cards from MasterCard and Visa. Funds deposited via using a credit or debit card should show in your account within one business day. Your card provider might charge you a transaction fee.

BPay: OANDA supports BPay for Australian traders. Your deposit should show in your account between 1-3 business days.

Online banking: Your money should reflect in your account in 1-3 business days. OANDA does not charge any fees for online banking. But your bank may charge a fee. There is no maximum deposit limit, however, your bank may impose a limit per transaction.

Bank wire transfer: Processing time for local bank transfer is 1-3 business days. International bank transfers may take up to five (5) business days. No minimum or maximum deposit limit.

Note: OANDA processes all withdrawals back to source. This means if you fund your account via a credit card, you can only withdraw your funds via that same credit card.

OANDA Deposit Terms

1) OANDA does not charge deposit fees. But your bank or card provider might charge you for offering you the payment service.

2) OANDA does not accept deposits from other broker accounts. You should always transfer your funds from bank accounts in your name.

3) New bank sources will be verified before your payment is accepted. OANDA may ask you for a recent bank statement or transfer receipt for verification.

4) OANDA can contact you for any documents necessary to process your transaction.

5) You must send your transaction receipt to [email protected] when you fund your account through BPay, bank transfer, and online banking.

How to Deposit Money Into Your OANDA Account

1) Log in to your OANDA client area.

2) Once your client area loads, click on ‘Manage Funds’.

3) Follow the on-screen prompts to complete your funding process.

Comparison Of OANDA Minimum Deposit With Other Brokers

Frequently Asked Questions