As a Capital Markets Services licence holder, licensed by Monetary Authority of Singapore, OANDA is required to set up a trust account at a major bank that is registered and licensed in Singapore. Currently all deposits made to OANDA are held in trust for you with the Standard Chartered Bank and DBS bank
What happens to my money once I make a deposit?
Your funds are segregated and maintained separately from OANDA’s funds and can only be withdrawn as a direct result of your trading-related activities or withdrawal requests. No withdrawals can be made from this account for any of OANDA’s operations.
What happens to my money if OANDA Asia Pacific Pte Ltd goes into liquidation?
In the unlikely event that OANDA Asia Pacific Pte Ltd goes into liquidation, all of our clients would have their share of the segregated money returned to them minus the administrators’ costs in handling and distributing these funds.
What happens to my money if one of the banks OANDA Asia Pacific Pte Ltd uses to hold my money goes into liquidation?
In the event of any insolvency of the bank holding your money, we may have only an unsecured claim against the bank on behalf of you and our other clients. You may be exposed to the risk that the money recovered by us from the bank is insufficient to satisfy your claims in respect to the amount of your money being held with a specific bank.