How does OANDA Australia Pty Ltd hold my money?
OANDA Australia Pty Ltd is required to set up a trust account at a major bank registered and licensed in Australia. All funds you send to OANDA must be deposited in this trust account and held there in trust for you.
What happens to my money once I make a deposit?
Your funds are segregated and maintained separately from OANDA Australia Pty Ltd’s funds and can only be withdrawn as a direct result of your trading-related activities or withdrawal requests. No withdrawals can be made from this account for any of OANDA’s Australia Pty Ltd’s operations.
What happens to my money if OANDA goes into liquidation?
In the unlikely event that OANDA Australia Pty Ltd’s goes into liquidation, all of our clients would have their share of the segregated money returned to them minus the administrators’ costs in handling and distributing these funds.
What happens if one of the banks OANDA Australia Pty Ltd's uses to hold my money goes into liquidation?
In the event of any insolvency of the bank holding your money, OANDA Australia Pty Ltd may have only an unsecured claim against the bank on behalf of you and our other clients. You may be exposed to the risk that the money recovered by us from the bank is insufficient to satisfy your claims in respect to the amount of your money being held with a specific bank.