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WikiFX Express

OANDA｜Forex Markets, Leverage & Trading Platform Lineup

OANDA｜Minimum Deposit & Withdrawal Fees

WikiFX | Three days ago

Abstract：See OANDA’s minimum deposit (none), PayNow/FAST/bank funding, non-SGD withdrawal fees (USD 20/35), timelines, and the 0.5% FX conversion spread.

Which Payment Methods Can I Use?

For Singapore: PayNow (UEN: 200704926K), FAST, DBS Bill Pay, and bank/wire. OANDA doesn‘t charge deposit fees; your bank/payment provider may. Typical SGD funding via FAST reflects in 1–2 business days. There’s no minimum deposit.

How Do Deposits and Withdrawals Work?

Manage everything under My Funds after login.

SGD local bank withdrawals: OANDA charges no platform fee.

Non-SGD withdrawals: USD 20 for the first withdrawal in a calendar month, USD 35 for subsequent non-SGD withdrawals that month.

Currency conversion on P/L and charges uses midpoint ±0.5%.

An inactivity fee (up to SGD 10/month) applies after 12 months with no trading (does not turn balances negative; paused if open positions exist).

Item	Details
Minimum deposit	None (for SG retail accounts).
Funding methods	PayNow (UEN 200704926K), FAST, DBS Bill Pay, Bank/Wire.
Typical SGD deposit time	1–2 business days (FAST to OANDA APAC DBS).
Deposit fees (OANDA)	None (provider/bank may charge).
Withdrawal fees (SGD local)	No OANDA fee (bank may charge).
Withdrawal fees (non-SGD)	USD 20 first withdrawal/month; USD 35 thereafter in same month.
FX conversion on non-home-currency items	Mid-price ±0.5% mark-up/mark-down.
Inactivity fee	Up to SGD 10/month after 12 months of no trading; multiple safeguards listed.

FAQs about OANDA Deposits & Withdrawals

Q1. How do I fund my account the first time?

Q2. How fast is PayNow/FAST?

OANDA quotes 1–2 business days to credit SGD via FAST to its DBS accounts.

Q3. What counts as a non-SGD withdrawal fee?

Any withdrawal not in SGD: first in the month USD 20, subsequent USD 35.

Q4. Is there a minimum withdrawal?

OANDA doesnt list a specific minimum on the SG fee page; check your My Funds screen and bank policies.

Q5. Do you charge to deposit?

OANDA doesnt charge deposit fees; your bank or PayPal (if available) might.

Q6. Will inactivity fees drive my balance negative?

No. The policy states the fee wont result in a negative balance and pauses with open positions.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.