Deposit Funds

There is no minimum deposit required. You may deposit any amount you wish to start with.

Before sending us funds, please ensure that you have completed your registration, and you have scanned and uploaded your ID documents. Until OANDA receives and verifies this information, we will not be able to credit your account.

You will receive a confirmation email from OANDA when your account is authorized for funding. The instructions below will help you understand how to deposit your funds into your OANDA account.

Existing Clients

IMPORTANT:

Internet funds transfer details for Singapore based bank accounts in SGD
Internet funds transfer details for Hong Kong based bank accounts in HKD

Things you should be aware of before depositing your funds

At OANDA Asia Pacific, your funds are deposited in segregated trust accounts with Standard Chartered Bank Singapore. There is no minimum deposit required. You may deposit any amount you wish to start with.

Processing times for the various funding methods:

Internet banking funds transfer: T+2 business days (only available for Singapore-based SGD and Hong Kong-based HKD bank accounts)
Local bank wires: T+2 business days
International bank wires: T+3 to 5 business days

Rules and restrictions:

Funds are returned via the same method by which funds were deposited to your OANDA account.
OANDA does not process third-party payments, cash, or check deposits (except for SGD cheques drawn from a Singapore bank). However it is possible to transfer your funds from another forex broker to us. Please contact customer support at assist@oanda.com or at +65 6227 3808.

OANDA maintains segregated customer funds

As required by SFA regulation, OANDA has set up a trust account at a major bank in Singapore. All funds you send to OANDA Asia Pacific must be deposited in this trust account, and held there in trust for you. Your money is:

segregated and maintained separately from OANDA Asia Pacific's own funds.
only accessed for your trading-related activity or your withdrawals.
never used for our operating costs or covering of our obligations. No matter what.

Credit Card:

Sign in to the Funds Management System. Go to the Deposit Funds tab and select “Credit Card” as your funding method, and the OANDA currency account you wish to deposit funds into.
Use a credit card with the same currency as your OANDA account currency. If you use a different currency, your credit card company will apply its own exchange rate.
OANDA service charge is $0.
Credit card service charges vary depending on the credit card company’s fee policy.
Processing time: Credit card deposits are processed immediately.
Maximum credit card deposit size is 10,000 units of currency (or 100,000 JPY).

PayPal:

PayPal links are available in the Funds Management System PayPal deposit instructions. Sign in to the Funds Management System. Go to the Deposit Funds tab and select PayPal from your list of funding sources, and the appropriate OANDA currency account, to create a Deposit Notification; this notifies us that funds are arriving under your name and for your OANDA account. (If you send funds and don’t submit this form, your deposit may take up to 3 weeks to be processed.)
This option is only available for OANDA SGD accounts (primary accounts and subaccounts).
For individual fxTrade accounts: Your PayPal name and/or email address must match your OANDA account records for a PayPal deposit to be processed.
For entity fxTrade accounts: Your PayPal name and email address must match your OANDA account records for a PayPal deposit to be processed.
Your PayPal name and/or e-mail address must match your OANDA account record for a PayPal deposit to be processed.
Third-party deposits are not accepted by OANDA.
Service Charges: For PayPal fees and service charges please click here.
Processing time: PayPal payments are processed within one business day.
Verified vs Unverified: Please note that OANDA can only accept up to $100 in total from Unverified PayPal accounts. If you wish to send funds in excess of $100, please verify your PayPal account before sending your payment.
Please send the funds after signing in to your PayPal account. Funds sent without signing in to your PayPal account will not be processed.
PayPal accounts based in certain countries can only be used to send funds. Please do not use PayPal for deposits if you cannot receive funds on your PayPal account. Use other methods instead, such as a bank transfer.

Checks:

This option is only available for SGD accounts. Checks drawn from a Singapore bank may be used for margin deposits. The funds for all checks must be in Singapore dollars. International checks (checks drawn from a non-Singapore bank) are not accepted and will be returned unprocessed.
Sign in to the Funds Management System and create an online Deposit Notification to notify OANDA that funds are arriving under your name to your OANDA account. The instructions will include the designated P.O. Box mailing address where you must send your payment. (OANDA will NOT accept hand-delivered checks or checks mailed to the OANDA office. They will be returned unprocessed.)
Please Note: If you send OANDA a check without submitting an online Deposit Notification first, your deposit may be delayed up to 3 weeks.
OANDA service charge: $0
Bank service charge: $0
NSF checks: If your deposit check is returned to OANDA with insufficient funds, your OANDA currency account will be suspended and all positions closed. You will be charged an additional fee of SGD$20.00, which will be deducted from your trading account.
Processing time: Checks will take up to five business days to be processed (this includes the mailing and processing time by the bank and OANDA). OANDA will send you notification via email when your check is processed and your funds are credited to your OANDA account.

Internet Funds Transfers

Singapore (SGD) for Internet Transfers

If you have a Singapore-based bank account in SGD and want to send your funds via Internet banking, please make sure that you additionally send us a screenshot of the funds transferred. This is required so that when a withdrawal request is made, we know which bank to return the funds to. Please send the screenshot to assist@oanda.com.

The screenshot must include the following information, otherwise it can’t be processed and you have to submit it again:

Your Bank’s Name (e.g. DBS BANK)
Your Bank Account Name (e.g. Felicia Tan)
The Bank Account Number (Where the funds have been transferred from, e.g. 123-456786-2)
The Standard Chartered Account Number
The Transaction Reference (e.g. 1234567890)
The Amount of the Transfer (e.g. SGD1)
The Date of the Transfer (e.g. 10 May 2010)

Alternatively, please provide us with a bank statement that shows your name and bank account number.

In addition please advise us of the branch code of your bank account. This tells us where to send funds when you request a withdrawal from your OANDA account.

Sample Screenshot from DBS.

Hong Kong (HKG) for Internet Transfers

If you have a Hong Kong-based bank account in HKD and want to send your funds via Internet banking, please make sure that you additionally send us a screenshot of the funds transferred. This is required so that when a withdrawal request is made, we know which bank to return the funds to. Please send the screenshot to assist@oanda.com.

The screenshot must include the following information, otherwise it can’t be processed and you have to submit it again:

Bank name (e.g. Hongkong Shanghai Banking Corp)
Bank account name (e.g. Felicia Tan)
Bank account number (where the funds have been transferred from, e.g. 123-456786-2)
Standard chartered account number
Transaction reference (e.g. 1234567890)
Amount of transfer (e.g. SGD1)
Date of transfer (e.g. 10 May 2010)

Sample Screenshot from HSBC.