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OANDA accounts and how they score

Account range and entry terms feed the rating. Here are OANDA's accounts and the facts the score is built on.

Facts last checked . Read the full OANDA review.

Accounts

Minimum deposit
$0
Account types
Standard, Core Pricing, Premium/Professional, Corporate, Joint, Demo, availability varies by region
Account currencies
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, SGD and entity-dependent currencies
Islamic account
Region-dependent
Demo account
Yes
Professional account
Yes
Minimum trade size
From 1 currency unit on OANDA's proprietary platform
Time to open
Typically minutes, subject to verification

What this means

OANDA runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, SGD and entity-dependent currencies. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is From 1 currency unit on OANDA's proprietary platform. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about OANDA accounts

What account types does OANDA offer?

OANDA offers 7 account types: Standard, Core Pricing, Premium/Professional, Corporate, Joint, Demo, availability varies by region.

What is the minimum deposit at OANDA?

The minimum deposit at OANDA is $0. It can differ by account type and by the entity you register with.

Does OANDA offer an Islamic account?

OANDA's swap-free account is recorded as: Region-dependent.

Accounts at brokers under the same regulator

More about OANDA