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OANDA Minimum Deposit Guide

Analyst Team trader
Updated 13 Jun 2023

Before We Get Started, Take A Look At Our Other Oanda Guides:


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OANDA Minimum Deposit

There is no minimum deposit required to open an account with Oanda. You can start trading with as little or as much as you feel comfortable with.

IG Minimum Deposit vs Other Brokers

Oanda compares favourably against other brokers in the market, who often have high down payment requirements before you can start trading. The ability to trade with an amount that you feel comfortable with makes it a great choice for new and aspiring traders:

OANDA City Index eToro XTB Pepperstone
Min.Deposit £0 £100 $200 USD £250 $200 AUD
Full Review Oanda Review City Index Review eToro Review XTB Review XM Review

OANDA Deposit Fees

Oanda does not charge any minimum deposit fees. However, you may be charged a fee by your payment provider so it is a good idea to check before making a deposit.

  • Credit Cards – Transaction fee & international processing fee
  • Debit Cards – Service fee
  • PayPal – Service fee plus percentage of total amount deposited
  • Bank Transfer (BACS) – Service fee. Intermediary banks may also deduct fees

OANDA Deposit Methods

Oanda offers several deposit methods including:

  • Credit/Debit Card
  • PayPal
  • Bank Wire Transfer (BACS, CHAPS, SEPA)

Unfortunately, at present, you're unable to make a deposit using electronic wallets such as Neteller and Skrill. Deposits made via credit/debit card and PayPal will take one business day to appear in your account. Deposit time by wire transfer varies depending on the processing time of your bank.

Deposit method Minimum deposit Average processing time Fees
Credit Cards None Immediate Your bank may charge you a fee
Debit Cards None Immediate Your bank may charge you a fee
PayPal None Up to one business day. eCheques will take one business day after being cleared by PayPal. A fee will be charged by PayPal when funds are deposited. Please contact PayPal for more information.
Internet banking via Faster Payments  None One to two business days Your bank may charge you a fee
BACS or internet banking via BACS None Two to three business days Your bank may charge you a fee
CHAPS payment None One to two business days Your bank may charge you a fee
SWIFT None Two to five business days Your bank may charge you a fee
SEPA Credit Transfer None Two to five business days Your bank may charge you a fee

 

FAQ

With OANDA’s zero minimum deposit and low fees, this platform is great for new investors looking to start small.

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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