You can start trading across our award-winning* OANDA app, web platform, MT5, or MT4 in three simple steps: complete our application form, verify your identity, and deposit funds. Once your identity is verified and your account is funded, you will be ready to place your first trade. It's as easy as that.
*Find our latest awards here.
To apply, you must be:
- over 18 years old,
- a legal resident of the United Kingdom.
We only ask questions that are relevant to your application and for regulatory purposes.
Be prepared to upload proof of identity and address, such as your full UK driver's licence and a bank statement (issued within the last three months) in the event that we are unable to identify you electronically.
We may need you to send some documentation to verify your identity. You can scan the below documents or use your smartphone to take a picture of them and submit them through our secure portal.
Proof of identity
You can use an identity document such as your passport (preferred) or full UK driver's licence to verify your identity. Scan or take a photo of your document.
Non-UK nationals residing in the UK would have to provide either their passport or national ID card.
We cannot accept copies of copies, black and white copies and/or photocopies. The document must be either a scan or photo of the original document.
Proof of address
Bank statement (preferred), utility bill or other document with your name and address on it. In certain cases, we may ask for more than one document as proof of your address.
The document should show your current residential address and must match the address on your OANDA account application. It should be for an account held in your name and be the most recently issued version. For example, within the last three months for bank statements, or valid for the year in the case of your council tax statement.
To ‘c/o' or ‘care of’ documents cannot be accepted.
Online generated proof of address documents should be in PDF format and must be downloaded from your online account. In the case of screenshots, you will need to include the whole web page as well as the URL of the site from where the document was downloaded.
Once you’ve completed the steps to open a trading account, you need to make a deposit into your account. To deposit funds, log in to ‘manage funds’ using your OANDA account details and click on the ‘deposit’ button. You can fund your trading account using a number of methods, including debit and credit cards and bank wire transfer. There is no minimum deposit amount.
Go from application to trading in three easy steps:
^Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
With over 14 years experience, we offer multiple platforms and powerful tools to help you trade smarter.
Depositing and withdrawing funds
It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.
Apply for an OANDA trading account
Open a live or practice trading account in three easy steps: apply, verify your identity and fund.
Multiple platforms, one world-class broker
Our range of platforms include OANDA web, mobile and tablet, as well as MT5, MT4 and TradingView.
To open an online trading account, you’ll need to provide the following documents:
- UK residents need to provide a valid identity document, such as a passport or a full UK driver's licence
- Non-UK nationals residing in the UK need to provide their passport or national ID card
- Proof of address, such as a bank statement or utility bill
No minimum deposit amount is required to open a demo or live trading account. Regardless of whether you’re interested in a forex demo account, a share demo account, or a demo account for any other financial instrument, you can use a demo trading account to practice your trades.