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FXTrade
Fund Deposit
Deposit of Margin Funds
There is
no "minimum deposit" required
to start trading and you may deposit any amount that you wish
to start
with.
For
example, if your FXTrade account is held in US dollars, you
may start
with
as little as US $500 or if your account is in Euro, starting
with €1,000 may be the right option for you. All
deposits and withdrawals will be processed in the currency
of your FXTrade account. Funds will
be returned by the same method and to
the same (bank)
account where they originally
came from.
Please note
that OANDA does not process any third party payments.
Option 1
- Bank Wire Transfer
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1. Instruct your bank to transfer funds for your
account |
Please
wire funds in the same currency as your FXTrade
account currency using the following instructions:
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Step 2. Complete the
FXTrade Wire Transfer Form:
Once your bank has processed your wire transfer request, 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:
this varies depending on the number of intermediary
banks involved in the transfer and is outside of
OANDA's control. For example, 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 a
bank service charge and is not applied by OANDA.
Processing Time:
Wire transfers are credited to your FXTrade account the day of receipt. Wire transfers are
typically (over 80% of cases) received by OANDA within 1-2 business days.
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Option
2 - Checks & Money Orders
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Checks
drawn from a U.S. bank may be used for margin deposits.
Certified,
Cashier's or Official checks 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.
Please send checks and money orders directly to:
OANDA Corporation
General Post
Office
PO Box 27771
New York, NY 10087-7771
USA
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Please do not send any
correspondence, other
than checks, money orders, certified, cashier,
or official checks to this address. |
Special Notes:
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 and processed. Personal Checks
may take up to 5 business days from the date of
receipt to clear, as they must clear both
the client's side and OANDA's.
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Option
3 - PayPal
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You may transfer funds
in USD only to your FXTrade account held in USD
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.
New to PayPal? Open
your PayPal account
Service charge
US PayPal account holders: A service
fee of $0.30 per transfer plus 2.9% of the total amount transferred will be
deducted from your margin deposit.
International (Non-US)
PayPal account holders: A service
fee of $0.30 per transfer plus 3.9% of the total amount
transferred will be
deducted from your margin deposit.
Processing Time:
If you are a "Verified" PayPal
account holder, your deposits using PayPal will
be processed
within one (1) business day of receipt. Payments of
more than US $100 will not be accepted for "Unverified"
PayPal account holders. We strongly recommend that
you verify your PayPal account to prevent
any delays in processing your deposits.
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If you have any questions about these instructions, or need help
completing your application, please contact
us.
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