How and why to create additional accounts in the HUB (OANDA (Canada) Corporation)

By default, all OANDA live account holders are provided with a primary trading account. This account is compatible with our v20 trading engine, and comes without the hedging functionality.

You can create up to 19 accounts in any of our nine major currencies, such as USD or EUR.

Better organise trading strategies:

You can use different accounts to use different trading strategies. You can also hedge or diversify currency rate risk. Additional accounts allow you to allocate your funds into different currencies.

If hedging is enabled, you can simultaneously hold long and short positions in the same instrument.

If hedging is not enabled, same instrument trades in opposite directions will be closed.

Segregates your trades:

If one account undergoes a margin closeout, your trades in other accounts are not affected.

Creates an MT4 account:

This account is required to trade on the MetaTrader 4 interface.

Potential savings on fees:

You can save on deposit and withdrawal fees or third-party currency exchange charges for certain currencies.

1. Sign in to the HUB .

2. From Accounts, click ADD NEW ACCOUNT and enter the required information as shown in the following images:

3. Toggle to select an Account type . Select either v20 fxTrade or v20 Meta Trader 4 .  Each account type helps you trade on specific platforms— fxTrade or MetaTrader 4.

4. Enter an Account name of less than 30 characters. You can edit the account name even after you have created the account.

5. Select the account currency. You can create an account in any of the nine major currencies.

6. Tick the checkbox for hedging if you want to enable it.

7. Click on CREATE .

Still have questions? Chat with an agent.