How do I configure my account once it has been approved?

If we open an OANDA account, it will initially consist of a USD landing account (also known as a wallet) and a USD MT5 trading account by default. You can then create multiple landing accounts (for funding) and trading accounts (for trading) as per our guidelines.

You can open multiple landing accounts if needed in different currencies. There is a limit of one landing account per available currency (USD, HKD, EUR, SGD, AUD, CHF).

You can deposit or withdraw funds from your landing accounts. You can also transfer funds to your trading accounts.

You can open a maximum of three MT5 trading accounts, regardless of the currency. The accounts can be denominated in different or the same currencies (USD, HKD, EUR, SGD).

You can deposit funds directly to a trading account. However, you cannot withdraw via a trading account. You can only transfer funds to landing accounts.

We will treat each trading account separately so your positions will not be netted across all your trading accounts.

  1. We retain a right of set-off between balances held on landing and trading accounts, in case of a negative balance on one or more trading accounts.

  2. Your OANDA account comprises of all of your landing accounts and trading accounts. You are only permitted to have one OANDA account relationship with us. If we reasonably suspect you have more than one OANDA account relationship, then we may close one of those accounts and their associated landing and trading accounts without notice.

Still have questions? Chat with an agent.