What's the minimum I can deposit to trade with Oanda?

Hey Robert, Oanda is one of those forex brokers without a minimum deposit requirement. I suggest before you make a deposit, you should use the Oanda demo account to place a similar trade and find out how much will be required to trade your desired lot size then make a deposit a little above that amount to make for free margin.

Oanda also has calculators that help you calculate how much margin you need for a trade but I prefer using the demo account to place the same trade then seeing how much margin I would need.

Oanda is also being bought over by a prop firm so I just thought i should throw that in.

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@paul_petit - 5 months ago

Quoted - patrinova_athenia

Hey Robert, Oanda is one of those forex brokers without a minimum deposit requirement. I suggest before you make a deposit, you should use the Oanda demo account to place a similar trade and find out how much will be required to trade your desired lot size then make a deposit a little above that amount to make for free margin.

Oanda also has calculators that help you calculate how much margin you need for a trade but I prefer using the demo account to place the same trade then seeing how much margin I would need.

Oanda is also being bought over by a prop firm so I just thought i should throw that in.

$1 is the smallest amount Oanda accepts as deposit.

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@pierre_r_carosso - 3 months ago

I dont think they have a minimum deposit at Oanda.What instruments do you hope to trade because you also have to consider the spread

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@josiah_edem - 1 month ago

just curious, why do you want to trade with Oanda? what are the pros & cons ?

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