December 31, 2023

OANDA Minimum Deposit

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OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.

OANDA is one of the top forex brokers in the world. It's why many traders are drawn to it. But before jumping in, it's important to know how much you need to get started.

So, what is OANDA's minimum deposit requirement?

In this guide, you'll learn about how much you need to get started plus a step-by-step guide on how to deposit funds.

What is your primary concern when choosing a forex broker?

What's the Minimum Deposit on OANDA?

OANDA has no minimum deposit requirement for its standard accounts. But premium accounts require a $20,000 minimum deposit.[1] A premium account is primarily for high-volume traders.

The standard account is the default account. That means you can start trading on OANDA with any amount.

Although OANDA's standard account has no minimum deposit, you do have a deposit limit. You're only allowed to deposit 50% of your net worth. This is based on the financial information you provided during account registration.

Now, let's get into the step-by-step guide on how to deposit funds into your account.

How did OANDA's minimum deposit requirement influence your decision to trade with them?

How to Deposit Funds on OANDA

Depositing funds at OANDA is easy and straightforward. Just follow these steps:

  1. Log into your account.
  2. Select "Fund Account." This is on the right side of the page.
  3. Choose your deposit method from the menu.
  4. Input the amount you want to deposit and click "Submit."

After that, you just need to wait for the amount to be reflected in your account. The processing time differs for each deposit method.

Is OANDA a good broker for beginners?
OANDA's no minimum deposit requirement makes it a good broker for beginners. This allows beginners to start trading even with a small amount. This is useful when practicing or testing a trading strategy.

How Long Does It Take to Deposit Funds?

The time it takes to process deposits depends on the method you use. For example, deposits through e-wallets take only a moment. But bank wire or bank transfer deposits may take up to three to five business days.[2]

Deposits made through credit or debit cards are also immediate. So if you want a faster deposit, better use a credit or debit card instead of bank transfers.

What Are the Deposit Options on OANDA?

You can deposit at OANDA through the following methods:[3]

  • Credit and debit cards by Visa and Mastercard
  • Bank wire and bank transfer
  • PayPal
  • Skrill
  • Neteller

If you are in Southeast Asia, Latin America, or Africa, you may also deposit through e-wallets.

The Spanish regulator (CNMV) prohibits those resident in Spain from making any deposits by credit card to fund CFD trading. Any attempts to deposit using a credit card will be blocked.

Are There Any Deposit Fees?

OANDA does not charge any deposit fees.[4] However, your card issuer or payment provider may charge you some fees.

The following payment providers have these usual charges:

  • Credit Cards - transaction fee and international processing fee
  • Debit Cards - service fee
  • PayPal - service fee and percentage of total amount deposited
  • Bank Transfer - service fee

Deposit Limitations

You cannot deposit on OANDA through a bank account that isn't yours. That means the account name from which your funds are coming from should be the same as the one on your OANDA account.

The deposit method you used is also the same method you can use to withdraw funds. If you deposited through PayPal, then you can only withdraw through PayPal.

OANDA requires your financial information during account registration. This is used to limit the amount that you can deposit in your trading account. OANDA will not allow you to deposit over 50% of your declared net worth.

Accepted Currencies

OANDA accepts deposits in these currencies: AUD, CAD, EUR, GBP, HKD, JPY, SGD, CHF, and USD.

You can open multiple subaccounts if you wish to make deposits in various base currencies. But do note that your main trading account is automatically set to the domestic currency where you live.

Now, let's see how other brokers compare in terms of minimum deposit requirement.

If you deposit in a currency other than your base currency, you will be charged a conversion fee.

Other Brokers' Minimum Deposit

Here are the minimum deposit requirement of other brokers:

Bottom Line

OANDA has zero minimum deposit. This makes it a suitable broker for traders, especially for those just starting out.

Depositing funds will depend on the method you use. How much you can deposit will also depend on your net worth. So if you're looking to get started on OANDA, make sure to go through their deposit limitations.


  1. ^ OANDA. What Is The Minimum Deposit Requirement?, Retrieved 12/03/2023
  2. ^ OANDA. Bank Or Wire Transfer, Retrieved 12/04/2023
  3. ^ OANDA. Funding And Withdrawals, Retrieved 12/03/2023
  4. ^ OANDA. Deposit Options, Retrieved 12/03/2023

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OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.


Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.


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