How to open a live personal account

The application requirements to open an account with OANDA vary based on the region in which you reside. 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’ sources of funds and wealth. This information is kept strictly confidential.

Residents of the United States and its territories may apply for an OANDA Corporation account. We cannot accept applications from third parties.

To get more information about our specific divisions, visit our website.

To apply for an account, go to this page.

You can resume your application by logging in to your account. You will see that the status of your application is Verify account ACTION REQUIRED. Click on Continue verification to complete your application form.

For more information about account types, visit our website.

We will ask you to provide the following details during the application:

  • First and last name

  • Date of birth

  • Mobile phone

  • Residential address

  • Social Security Number (SSN) or Taxpayer Identification Number (TIN)

  • Employment details

  • Financial information

  • Trading experience

Remember to enter your personal details exactly as they appear on your passport or ID.

We will do our best to identify you electronically by matching the details you provided during registration to details in your credit file. This process is known as electronic identification (eID). Bear in mind that we do not check or see your credit score.

Your personal data is fully encrypted and protected by industry-leading security standards.

Monitor your inbox and junk folder for the next 24 to 48 hours after submitting your application. Even if you successfully pass eID, a member of our Onboarding team may still email you to clarify details or request additional supporting documents.

To ensure your account is processed swiftly, perform the following actions:

  • Provide your current and complete information.

  • Remember to enter your personal details exactly as they appear on your passport or ID.

  • Avoid any abbreviations

  • Pay attention to application details, such as currency type, when providing figures.

If we ask you to provide supporting documents, follow the guidelines outlined in this section.

Uploading your documents does not automatically complete your application. A member of the Onboarding team will review your application and follow up via email to either request further details or confirm that your account is approved and ready for funding.

We might ask you to upload the following supporting documents at the end of the application:

  • Proof of identity.

  • Proof of address.

If your proof of identity shows your current residential address, then a second document confirming your address is not needed.

For the proof of identity, we accept a government-issued photo identification. This document type needs to have the following items:

  • Shows your photo, name, and date of birth.

  • Remains valid/does not expire for 3 months.

Ensure that the full page of the document is visible, all written details are legible, and the face in the photo is clear/identifiable.

The following examples show the kind of identity documents that we may accept:

Bear in mind that these documents are for illustrative purposes only and may be out of date.

If your proof of identity shows your current residential address then a second document confirming your address is not needed.

For the proof of address, we accept a personal bill/statement issued in your name. This document type needs to have the following items:

  • Issued to a residential address. We cannot accept P.O. boxes or business addresses. We also cannot accept care of (c/o) addresses.

  • Dated and mailed within 3 months of the current date, on which we will review your document.

The following examples show the kind of proof of address documents that we may accept:

Monitor your inbox and junk folder for the next 24 to 48 hours after submitting your application, as a member of our Onboarding team may still email you to request additional supporting documents. The following list shows the additional supporting documentation types requested only in certain circumstances:

  • A copy of your signed Social Security Number (SSN) card.

  • A notarized photo ID and proof of address.

If the SSN you provided upon registration cannot be validated during electronic identification (eID), we will ask you for a legible, signed, and scanned image of your SSN card. If the document is stamped “Valid for Work Only with DHS Authorization”, also upload a valid US Visa entry document or a similar document, such as a Permanent Resident Card or an Employment Authorization Card.

The following examples show the kind of documents that we may accept:

Bear in mind that these documents are for illustrative purposes only and may be out of date.

The information provided by you on the application is sent to Equifax to electronically verify your identity. If the results indicate that you have been a victim of fraud or have a consumer security freeze on your data, we will ask for notarized copies of your proof of identity and proof of address. Photocopies of your documents can be notarized by a Notary Public. You may find a list of Notary Publics on the Secretary of State website of your respective state.

The following examples show the kind of documents that we may accept: