There is no Minimum Deposit amount required to register a live trading account. This means that it’s an ideal broker if you want to trade or invest with a smaller amount. The fact that there is no deposit fee is great for beginner traders.
Oanda Minimum deposit compared to other brokers
| ✔️ Oanda | ✔️ AvaTrade | ✔️ FXCM | |
| 💳 Mininum Deposit | $0 / R0 ZAR | $100 / R1600 ZAR | $50 / R800 ZAR |
Min Deposit
USD 1
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
45
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
OANDA Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
- Oanda at a glance
Minimum Deposit
Oanda’s minimum deposit is $0 / ZAR R0, thus does not have a minimum deposit requirement.
When traders register for a live trading account with Oanda, they can deposit any amount of their choosing to start trading. However, traders are urged to ensure that they have enough funds in their trading account to meet the margin requirements of the trade.
When making deposits into their Oanda trading account, traders must note that they only have certain deposit currencies that they can use. For deposits made in ZAR, traders must ensure that they keep an eye on the exchange rate between major currencies such as USD, EUR, GBP, JPY, HKD, CHF, CAD, AUD, and NZD, and the South African rand.
Oanda is a broker with regulation and authorization through several regulatory entities. All of these require that Oanda keep client funds in segregated accounts, separate from the broker account. These client funds may only be used towards trading activities and not operational purposes or to fulfill financial obligations.
Deposit fees and deposit methods
There is no set minimum deposit amount, but traders must ensure that they have enough capital to cover margin requirements, even after they have applied leverage.
Deposit methods
| Credit/Debit Cards |
| PayPal |
| Internet banking transfers |
| BACs |
| CHAPS wire transfer |
| Swift Wire Transfer |
| SEPA Credit Transfer |
Supported deposit currencies
| 💸 USD |
| 💸 EUR |
| 💸 GBP |
| 💸 CHF |
| 💸 JPY |
| 💸 CAD |
| 💸 SGD |
| 💸 HKD |
✔️ When traders decide on their preferred payment method, they must note that withdrawals made from the trading account will be returned through this method.
✔️ In addition, traders must ensure that the name in which their bank account is registered must match the name in which they registered their trading account. The reason for this is that Oanda prohibits third-party payments and funds received from unknown sources will not be accepted.
Step by step guide to depositing the minimum amount
Step 1 – Open up your dashboard and click on the “account” tab.
Locate the “account” tab on the top left of the dashboard.
Step 2 – Click on the “add or remove funds tab”.
Scroll down to the “add or remove funds” tab and click on it.
Step 3 – Click on the deposit tab.
On the new tab locate the deposit icon and click on it to deposit your amount.
Step 4 – Fill in your card detail and deposit amount.
Choose your currency and payment method then enter your deposit amount
Oanda Pros and Cons
| ✔️Pros | ❌Cons |
| No minimum deposit requirement | Currency conversion fees apply |
| Reliable payment methods offered | |
| Variety of payment methods offered | |
| Deposit fees are not charged | |
| Multiple deposit currencies supported |
Oanda at a glance
| Category | Information |
| 🏢 Company Information | |
| 🗓️ Year Founded | 1996 |
| 👔 Current CEO | Gavin Bambury |
| 👨💼 Founder/s | Michael Stumm, Richard Olsen |
| 👥 Amount of Staff | 600+ |
| 📊 Amount of Active Traders | 100,000+ |
| 📈 Publicly Traded (Listed Company) | No |
| 🛡️ Regulation and Security | |
| 🏦 Regulation | FCA, CFTC, ASIC, MAS, IIROC |
| 🌍 Country of Regulation | UK, US, Australia, Singapore, Canada |
| 💼 Account Segregation | Yes |
| ❌ Negative Balance Protection | Yes |
| 🔐 Two-step Authentication | Yes |
| 🛡️ Investor Protection Schemes | Yes (For FCA-regulated clients) |
| 🗂️ Account Types and Features | |
| 🏢 Institutional Accounts | Yes |
| 🤝 Managed Accounts | No |
| 💱 Minor Account Currencies | EUR, GBP, AUD, etc. |
| 💵 Minimum Deposit | No minimum deposit |
| 📊 Trading Conditions | |
| 💰 Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💸 Fund Withdrawal Fee | $0 for debit/credit cards, bank charges may apply |
| 📉 Spreads From | 0.8 pips (EUR/USD) |
| 💼 Commissions | No commissions on standard accounts |
| 💱 Number of Base Currencies Supported | 9+ |
| 📈 Swap Fees | Applicable |
| ⚖️ Leverage | Up to 50:1 (depends on region) |
| 📉 Margin Requirements | 2% |
| 🕌 Islamic Account (Swap-Free) | Yes |
| 🧑💻 Demo Account | Yes |
| ⏱️ Order Execution Time | < 1 ms |
| 🖥️ VPS Hosting | Yes (via third-party providers) |
| 📈 Trading Instruments | |
| 📊 CFDs - Total Offered | 120+ |
| 📉 CFD Stock Indices | 16+ |
| 🛢️ CFD Commodities | 30+ |
| 🏦 CFD Shares | 500+ |
| 👀 Watch List | Yes |
| 🔔 Trade Alerts | Yes |
| 📈 Trading Stocks with GP | Yes |
| 📉 Trading Indices with GP | Yes |
| 🔄 Swap on Trading Board | Yes |
| 💰 Deposits and Withdrawals | |
| 🏦 Deposit Options | Bank transfer, Credit/Debit Cards, PayPal |
| 💸 Withdrawal Options | Bank transfer, Credit/Debit Cards, PayPal |
| 🎁 Welcome Bonus | No |
| 💻 Trading Platforms and Tools | |
| 📊 Trading Platforms | OANDA fxTrade, MetaTrader 4 (MT4) |
| 🛑 Stop-Loss Instrument | Yes |
| 🛡️ Investor Protection Schemes | Yes |
| 💻 OS Compatibility | Windows, Mac, Android, iOS |
| 🛠️ Forex Trading Tools | Yes (including technical analysis tools) |
| 📞 Customer Support | |
| 💬 Live Chat Availability | Yes (24/5) |
| 📧 Customer Support Email Address | frontdesk@oanda.com |
| 📞 Customer Support Contact Number | +1 877 626 3239 |
| 🌐 Languages Supported on OANDA Website | English, French, Spanish, etc. |
| 🎓 Educational Resources and Support | |
| 🧑🏫 Beginners Trader Friendly UX | Yes |
| 📚 Forex Course | Yes |
| 🎥 Webinars | Yes |
| 📖 Educational Resources | Yes |
| 🤝 Partnerships and Programs | |
| 👥 Affiliate Program? | Yes |
| 🤝 Amount of Partners | 10+ |
| 👨💼 IB Program | Yes |
| 🎯 Do They Sponsor Any Notable Events or Teams? | No |
| 💵 Rebate Program | No |
| 🗣️ Community Forum | Yes |
| 🌐 Social Media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🌍 Social Media and Website Links | |
| 🌐 Official Website Address | www.oanda.com |
| 📘 Official Facebook Page | OANDA Facebook |
| 🐦 Official Twitter Page | OANDA Twitter |
| 🎥 Official YouTube Channel | OANDA YouTube |
| 👔 Official LinkedIn Page | OANDA LinkedIn |
| 📸 Official Instagram Page | OANDA Instagram |
| 🌍 South African Traders | |
| ✅ Accept South Africa Traders? | Yes |
| ⚖️ Is OANDA Regulated by the South Africa Regulatory Body (FSCA)? | No |
| 💼 Does OANDA Offer an Affiliate Program for South African Traders? | Yes |
| 💱 Does OANDA Allow Accounts to be Opened in ZAR / Rands? | No |
| 🚀Sign up | Open Account |
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Frequently Asked Questions
What is the minimum deposit for Oanda?
Oanda stipulates no minimum deposit requirement to open a live trading account with them.
Are my deposits with Oanda safe?
Yes, Oanda is a trustworthy broker who keeps their clients’ deposits safe as it under the regulatory authority of several tier-1 jurisdictions.
What are the deposit methods for Oanda?
Deposit and withdrawal methods incl: Credit/Debit Cards, PayPal, Internet banking transfers,BACs, CHAPS wire transfer, Swift Wire Transfer and SEPA Credit Transfer.
Does Oanda charge withdrawal fees?
Yes. Withdrawal fees are charged on Bank Wire Transfer. There is a flat fee of 20 EUR, 150 HKD, or 20 USD.
How long does it take to make a withdrawal from Oanda?
This will depend on the payment method used. Payments can reflect instantaneously or take up to several days.
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