What are the available account types and leverage options?

You can open a personal, joint, business, retirement (IRA) or Eligible Contract Participant (ECP) account. You can upgrade any account to Premium status.

  • For business and ECP accounts, please contact premium@oanda.com.

  • For an IRA account, please contact ira@oanda.com. Supported IRA Custodians include Midland IRA / Advanta IRA, Millennium Trust Company, Equity Institutional, Entrust Group, Lincoln Trust, Real Trust IRA, Pensco Trust Company, Liberty Trust Company and IRA Services Trust Company.

  • Premium accounts are eligible for a discount on trading spreads starting at 0.1 pips via OANDA's Advanced Loyalty Trading Program.

There is no minimum deposit requirement, except for the following accounts:

  • Premium status accounts require either USD 20,000 minimum deposit or USD10m+ monthly traded volume.

  • Individual accounts can be upgraded to ECP accounts, on a discretionary basis, if they have more than USD10m invested.

  • Business accounts can be upgraded to ECP accounts, provided the business has assets of greater than USD10m

Wire transfers, debit cards and automated clearing house (ACH) methods are available for funding your forex accounts.

All accounts with OANDA Corporation are eligible for spot forex trading. See current live spreads and historical spreads on our website.

Spot cryptocurrencies are available for trading only if you have an individual account. Joint, business, IRA and ECP accounts are not eligible.

For forex trading, up to 50:1 leverage is applicable. See the full list of leverage available for all of our financial instruments.

For spot cryptocurrency trading, there is no leverage.

No, hedging is not available, except when you have an ECP account.

FIFO is applicable to forex trading accounts.