What is required to open a live account?

To comply with our regulators, OANDA follows extensive anti-money laundering and due diligence guidelines. To comply with these guidelines, our Know Your Customer (KYC) policy is to gather information to understand all our customers’ source of funds and wealth. This information is kept strictly confidential.

Depending on the country you live in, you will see the following OANDA account types to select:

  • Spain: You can select the Stocks account only.

  • Other countries: The CFDs account will be created by default for you.

Once a live account is created, all clients can create the CFDs or Stocks sub-account later in the HUB.

To open an OANDA live account, follow these steps:

  1. Go to the sign-up page.

  2. Select the country where you live and click on START. If the subsequent steps are available in your country’s language, you will see the option to continue the process in that language.

  3. Enter your email address and click on SAVE AND CONTINUE.

  4. Create your password by following the instructions. Read and accept the terms of service. Next, click on NEXT.

  5. Verify your identity by uploading your national ID or passport. To do that, select your preferred option to proceed.  Alternatively, you can click on UPLOAD LATER to skip this step and finish it later in the HUB.

  6. Enter your personal information and click on NEXT.

  7. Enter your telephone number to verify it via an SMS code and click on VERIFY BY A TEXT MESSAGE.

  8. Enter your address information and click on NEXT.

    After step 8, clients who live in Spain need to select the Stocks account.

  9. Enter your tax residency information and click on NEXT.

  10. Select the account currency and click on NEXT.

  11. Answer the required questions and click on NEXT.

  12. Answer the required statement questions, read, download and accept the documentation. Then, click on NEXT.

  13. Complete the Adequacy and Suitability Survey. Once finished, click on SEND.

  14. If you have the right experience and knowledge to invest in the financial markets, you will see the Congratulations message. Then, click on NEXT.

  15. You might also be required to verify your address by uploading one of the required documents. Alternatively, you can click on SKIP THIS STEP to finish it later in the HUB.

  16. After your account is created, you can deposit your funds. Alternatively, you can click on SKIP THIS STEP to finish it later in the HUB.

  17. Click on NEXT to get redirected to the HUB.

Once you complete all steps, we will review your application. Once approved, you will receive an email with the login credentials for your OANDA TMS account.

You can have only one live OANDA account. However, you can have multiple sub-accounts (CFDs and Stocks sub-accounts). Our terms and conditions govern the number of sub-accounts you can have based on your account type.

At OANDA TMS, there is no specified minimum deposit level required to activate an account. However, if you want to trade on your live account, you need to have funds in your account. Depending on the deposit method, the amount you can deposit per transaction may vary.

Yes, opening and maintaining your account is free of charge. If there is no activity on your account for 12 consecutive months, the account maintenance fee is 9 PLN/ 3 EUR/ 3 USD /50 CZK per month depending on your account currency.