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Home FXTrade Fund Deposit

Deposit of Margin Funds

There is no minimum deposit required to start trading and you can start with even $100 US dollars. All deposits and withdrawals are in U.S. dollars.

Use any of the options below to transfer funds to your account:

 

Option 1 - Wire Transfer

You may wire transfer your funds for credit to your FXTrade account. To do so, follow the following steps:         

Step 1. Instruct your bank to transfer funds: ( Print the instructions)

To:
Bank Name
: JPMorgan Chase Bank N.A.
Bank Address: Ardsley, NY 10502, USA
Routing or
ABA# 021000021
(or) SWIFT: CHASUS33

Account Name: OANDA Corporation
Account Number: 402-1-097599
Special Instructions: please reference your username and account number in the "Special Instruction" section of the wire transfer.

Step 2. Complete the FXTrade Wire Transfer Form:

Once you have processed your wire transfer, please complete FXTrade Wire Transfer Form to let us know funds are arriving under your name and for your FXTrade account. Please note: if this form is not completed, your wire transfer deposit may take up to 3 weeks to be processed.

OANDA Service Charge: $0.

Bank Service Charge: if you do not take care of the service charges when wiring the funds, the receiving bank may deduct a service charge directly from the incoming funds. This is bank's own service charge and is not applied by OANDA.

Processing Time: Wire transfers are credited to your FXTrade account as soon as the funds appear in the bank. US wire transfers usually arrive within 1 business day. International wire transfers may take up to 2 or 3 business days.


Option 2 - Checks & Money Orders

Checks drawn from a U.S. bank may be used for margin deposits. Certified, Cashier's, Official, or Money orders can be obtained from banks other than U.S. banks. The funds for all checks have to be in U.S. Dollars.
International checks (checks drawn from a non-U.S. bank) are currently not accepted.
You may mail your check to:

OANDA Corporation
30 St. Patrick Street, 3rd Floor
Toronto, ON M5T 3A3
Canada

Or to:
OANDA Corporation
233 Broadway, 22nd Floor
New York, NY 10279
USA

Special Instructions: The check must be payable to: "OANDA Corporation". Please include your username and account number on the transfer.

OANDA Service Charge: $0.

Bank Service Charge: $0 .

NSF or Returned checks: If your deposit check is returned, your account will be suspended and all positions closed. You will also be charged an additional fee of $20.00 which will be deducted from your trading account. International checks are returned without processing.

Processing Time: OANDA will send you notification via email when your check is received by mail. Personal Checks may take up to 10 business days from the date of receipt to clear through the banking system. Certified, Cashier's, Official, or Bank Checks will be deposited into your FXTrade account within 3 business days after receipt.

 

Option 3 - Credit Card

Deposits usings credit cards is currently not available.

OANDA Service Charge: $0.

Credit Card Service Charge: 4% of the total credit card charge.

Processing Time: TBA.

 

Option 4 - PayPal


You may transfer funds to your FXTrade account using PayPal. Just click on the PayPal Payments button below and follow the steps to transfer funds to your account. Please be sure to include your FXTrade username and account number in the Special Instructions of PayPal payment.

Existing PayPal account holders, click on the PayPal Payment button:
New to PayPal? Open your PayPal account

OANDA Service charge: $0.

PayPal Service charge: PayPal service fee of $0.30 per transfer plus 2.9% of the total amount transferred will be deducted from your margin deposit. This service charge is paid to PayPal.

PayPal International Pricing Change
Effective Date: March 21, 2002
Beginning 3/21/02, the fee structure for international transactions will be changed. International buyers will no longer be charged a 2.6% fee to send a payment. Instead, a 1% fee will be assessed on Business and Premier account holders when they receive a cross-border payment. The 1% cross-border fee applies to any payment in which the buyer and seller reside in different countries.

Processing Time: If you are a "Verified" PayPal account holder, your deposits using PayPal will be processed within 24 hours of receipt. Payments of more than US $100 will not be accepted for "Unverified" PayPal account holders. We strongly recommend that you verify your account with PayPal to prevent any chargebacks on your account.

Your account will not be authorized for trading until your funds have been received and cleared through the banking system. All funds will be maintained at a major United States financial institution.

If you have any questions about these instructions, or need help completing your application, please contact us.