What account types are available?

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

For the available funding methods, refer to this topic.

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

FIFO is applicable to forex trading accounts.