Open sub-accounts in several currencies
OANDA's fxTrade customers can open multi-currency fxTrade accounts in any one of the following currencies:
As an OANDA customer, you may use any one of the above currencies to open one primary account or create up to 19 additional sub-accounts.
Creating a sub-account
Click here to create a sub-account or go to your fxTrade toolbar and select 'Account/Create Sub-Account'.
Sub-accounts may be created under your primary account without having to resubmit an account application form. You may have multiple sub-accounts; however, all your sub-accounts may be linked to only one primary account.
Account currency: The currency used for a primary account or sub-account. The account currency is designated when an account is created, and cannot be changed.
Primary account: The first account that is created after you fill out all of the forms and accept the account agreements to open an fxTrade account. The account currency of your primary account is the currency that was selected when the primary account was created.
Sub-account (or secondary account): sub-accounts may be created under your primary account without having to resubmit account application forms. You may have multiple sub-accounts; however, all your sub-accounts may be linked to only one primary account. Each sub-account can be in any of the supported currencies, regardless of the primary account's currency.
You may freely transfer funds between primary and sub-accounts, or deposit funds directly in a sub-account in the currency of that sub-account. You can withdraw funds from a sub-account in its currency (as long as you withdraw funds by the same method as you deposited them).
Special uses for sub-accounts
To use some OANDA products, such as MetaTrader 4, MT4 hedging compatibility (not available in the United States) or OANDA spread betting (only available in the United Kingdom), special sub-accounts need to be created which are enabled for the specific product. To do this, simply select the appropriate option from the menu when you create your sub-account.