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OANDA Account Opening 2026: Types, Deposit & Verification
Complete guide to opening an account with OANDA. Minimum deposit: $0. Available account types, KYC requirements, and step-by-step instructions.
By Sarah Chen•Updated 2026-03-01•Fact-checked by James Anderson
Minimum Deposit
$0
Max Leverage
1:50 (US) | 1:30 (EU/UK) | 1:200 (BVI)
Platforms
OANDA Trade, Advanced Charting (TradingView), MT4
Islamic Account
No
Demo Account
Yes (unlimited)
Copy Trading
No
OANDA Account Types
**Standard Account** — Min. deposit: $0. Spreads from 0.6 pips. No commission.
**Core Pricing Account** — Min. deposit: $0 (some regions require $20,000). Raw spreads from 0.0 pips. Commission $3 per side.
**Premium Account** — Min. deposit: $20,000. Up to 20% spread reduction. Lower financing rates.
**Elite Trader Account** — Min. deposit: $100,000+. Up to 30% spread reduction. Premium rates.
Verification & KYC Process
OANDA's account opening is fast and digital, typically completed within 1-2 business days. The broker stands out with its no minimum deposit policy. Standard, Core, Premium, and Elite account tiers are available based on deposit and trading volume. Demo accounts are unlimited.
Available Trading Platforms
OANDA supports the following trading platforms: OANDA Trade, Advanced Charting (TradingView), MT4. MetaTrader 4 (MT4) is available for those who prefer the industry-standard platform. TradingView integration is available for chart-based traders.
Demo Account
OANDA offers a free demo account: Yes (unlimited). A demo account allows you to practice trading with virtual money before committing real funds. This is especially valuable for beginners learning the platform.
Frequently Asked Questions
To open an account with OANDA, visit their website and click "Register" or "Open Account". You'll need to provide personal information, complete identity verification (KYC), and make a minimum deposit of $0.
The minimum deposit for OANDA is $0. Some premium account types may require higher deposits.
Yes, OANDA offers a demo account: Yes (unlimited). This lets you practice with virtual funds before trading with real money.
You typically need: 1) A valid government-issued photo ID (passport, national ID, or driving license), and 2) Proof of address (utility bill, bank statement, or government-issued document dated within the last 3 months).
OANDA does not currently offer Islamic accounts.