How to open an account

To apply, you must be over 18 years old, and a legal resident of the country from which you are applying.

We only ask questions that are relevant to your application and for regulatory purposes.

Be prepared to upload proof of identity and address, such as your full passport or national ID card.

We will need you to send some documentation to verify your identity and address. You can scan the below documents or use your smartphone to take a picture of the documents, and submit them through our secure portal.

You can use an identity document such as your passport (preferred) or national ID card (front and back) to verify your identity. For example, your South African national ID card.

Scan or take a photo of your document.

We cannot accept copies of copies, black and white copies and/or photocopies. The document must be either a scan or photo of the original document.

The document should show your current residential address and must match the address on your OANDA account application. It should be for an account held in your name and be the most recently issued version. For example, within the last three months for bank statements.

We can accept documentation registered to a PO box, however, we will still require you to register your residential address and provide the necessary documentation to verify your residential address.

To ‘c/o' or ‘care of’ documents cannot be accepted.

Online generated proof of address documents should be in PDF format and must be downloaded from your online account. In the case of screenshots, you will need to include the whole web page as well as the URL of the site from where the document was downloaded.

To deposit funds, log in to ‘manage funds’ using your OANDA account details and click on the ‘deposit’ button. You can fund your trading account using a number of methods, including debit and credit cards and bank wire transfer. There is no minimum deposit amount.