OANDA Minimum Deposit

OANDA’s minimum deposit in Australia is AUD 0. OANDA offers two retail account which is their core-pricing account and spread-only pricing account. However, there are also two sub-accounts (joint and corporate) under these accounts with unique trading conditions.

In this article, we cover OANDA’s accounts and sub-accounts with 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 one trading account in Australia. That one account can be open in two different ways.

Read more on the account below.

1) Core Pricing Account

You need AUD 0 minimum deposit for this account. OANDA’s Core Pricing Account is a low spread trading account. It is a retail account that allows you trade CFDs like currency pairs, major indices, commodities, metals and bonds.

The lowest minimum spread is 0.1 pips. This account is available on OANDA Trade web platform, mobile and tablet apps, TradingView, and MT4.

However, guaranteed stop loss order is only available for certain CFDs on OANDA Trade web, mobile and tablet. Apart from spreads, you will also pay a commission of AUD 3.50 per standard lot.

2) Spread-Only Account

Minimum deposit for spread-only account is AUD 0. The name of the account is literally what it says.

Apart from spreads, you will not pay extra commission per standard lot. Spreads are much higher on this account. The lowest minimum spread is 0.6 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).

3) Joint Account

Minimum deposit for OADNA’s Joint Account is AUD 0

If you and a partner or spouse are interested in co-owning a trading account, you can get this through the OANDA Joint Account. This way, two or more individuals can own one account collectively. Everyone involved will be able to log in on the account and place trades.

You can open your joint account as a core pricing or spread-only account

To fund a joint account, make sure the bank account or cards that will be used bear your name and your partner’s as well. This will ensure you have a smooth funding experience.

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