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Which account types are available?
You can open a personal , joint , business, retirement (IRA) or Eligible Contract Participant (ECP) account. You can upgrade any account to Premium status.
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For business and ECP accounts, please contact [email protected] .
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For an IRA account, please contact [email protected]. Supported IRA Custodians include Midland IRA / Advanta IRA, Millennium Trust Company, Equity Institutional, Entrust Group, Lincoln Trust, Real Trust IRA, Pensco Trust Company, Liberty Trust Company and IRA Services Trust Company.
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Premium accounts are eligible for a discount on trading spreads starting at 0.1 pips via OANDA's Advanced Loyalty Trading Program .
What is the minimum deposit requirement?
There is no minimum deposit requirement, except for the following accounts:
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Premium status accounts require either USD 20,000 minimum deposit or USD10m+ monthly traded volume.
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Individual accounts can be upgraded to ECP accounts, on a discretionary basis, if they have more than USD10m invested.
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Business accounts can be upgraded to ECP accounts, provided the business has assets of greater than USD10m
Which funding methods are available?
Wire transfers, debit cards and automated clearing house (ACH) methods are available for funding your forex accounts.
Which financial products are available?
All accounts with OANDA Corporation are eligible for spot forex trading. See current live spreads and historical spreads on our website.
Spot cryptocurrencies are available for trading only if you have an individual account. Joint, business, IRA and ECP accounts are not eligible.
What is the applicable leverage?
For forex trading, up to 50:1 leverage is applicable. See the full list of leverage available for all of our financial instruments.
For spot cryptocurrency trading, there is no leverage.
Is hedging available?
No, hedging is not available, except when you have an ECP account.
Is FIFO applicable?
FIFO is applicable to forex trading accounts.
Still have questions? Chat with an agent.
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| © 1996 - 2023 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners.<![CDATA[]]> OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.<![CDATA[]]> 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 circ*mstances. 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. Refer to our legal section. OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. More Information is available using the NFA Basic resource. On this website, we provide translated content for your convenience. In case of any inconsistency or discrepancy between the original English content and its translated versions, the English version shall prevail. |
