OANDA Account Types

　　OANDA offers a variety of trading account types tailored to meet the needs of different traders. Here are the main account types available:

• OANDA Standard Account
• Best for: All traders
• Markets: Forex, indices, commodities, metals, bonds, cryptocurrencies (200+ assets)
• Commissions: Floating spread from 0.6 pips
• Leverage: Up to 1:30 (varies by regulatory body)
• Account Opening: No minimum deposit required.
• OANDA Core Account
• Best for: Short-term traders
• Markets: Same as Standard Account
• Commissions: Spreads from 0.1 pips + $3.50 commission per round lot
• Leverage: Up to 1:30 (ASIC) or up to 1:200 (BVI)
• Account Opening: No minimum deposit required.
• OANDA Premium Account
• Best for: High-volume traders
• Markets: Same as Standard Account
• Commissions: Spreads from 0.8 pips
• Leverage: Up to 1:50 (CIRO) or up to 1:200 (BVI)
• Account Opening: No minimum deposit required.
• OANDA Islamic Account
• Best for: Muslim traders
• Markets: Forex, indices (25+ assets)
• Commissions: Floating spreads from 1.6 pips
• Special Features: Swap-free trading
• Account Opening: No minimum deposit required.
• OANDA Advanced Trader Account
• Best for: High-volume traders
• Markets: Same as Standard Account
• Commissions: Spread from 0.6 pips
• Leverage: Up to 1:50
• Account Opening: Requires a minimum balance of $10,000 and trading over $10 million per month.

　　

OANDA Broker Account Opening Process

　　Opening an OANDA trading account is straightforward and can be completed in a few steps:

• 　　Visit the OANDA Website: Go to the OANDA homepage and select the account type you wish to open.

• 　　Fill Out the Application: Provide your personal information, including your name, address, and identification details. This process usually takes around 10-15 minutes.

• 　　Verification: OANDA will verify your identity as part of the "Know Your Customer" (KYC) regulations. You may need to submit documents such as a government-issued ID and proof of address.

• 　　Fund Your Account: After your account is approved, you will need to fund it. OANDA allows various funding options, including bank transfers. There is no minimum deposit required for most account types.

• 　　Start Trading: Once your account is funded, you can begin trading across various markets offered by OANDA.

　　For more detailed information, you can visit OANDA's official website: OANDA Account Types.