Withdraw Funds

 

Select the OANDA division which you are registered :

As with our deposits, our withdrawal policies vary based on the OANDA division with which you hold your account. Please see the relevant section below for more details.


United States

To withdraw funds sign in to My Funds.

Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.

Funds are withdrawn using the same method, and to the same account as previously used to deposit, in the following order:

1. Debit card
2. PayPal (for any PayPal deposits made before January 31, 2015)
3. Bank Transfer

Processing Times

Method

Typical Processing Time

Notes


Debit Card

USD/GBP/CAD: 1-2 business days

EUR/CHF: 2-3 business days

AUD/HKD/SGD/JPY: up to 5 business days

The total amount you can withdraw to your debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by debit card (e.g. trading profits) may instead be withdrawn by an alternative method such as bank wire transfer.

Please note that withdrawals to debit cards are only processed after all your debit card deposits have cleared. This clearing process can take up to 5 business days from the date of your deposit.


Bank Wire Transfer

Within US: 1-2 business days

International: up to 5 business days

Withdrawals by bank transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


PayPal

Within 1 business day

PayPal withdrawals are only processed in CAD. If your PayPal account is denominated in another currency, you may incur exchange fees levied by PayPal in addition to the withdrawal fee.

Withdrawals to new PayPal accounts are permitted (accounts not previously used for a deposit or withdrawal), however, new accounts must be registered to the same person (or entity) as the fxTrade account holder.


The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or debit card provider may take additional time to complete your withdrawal.

Withdrawal Fees

The following fee schedule applies:

 

Bank Transfer / Wire Withdrawal Fees

Debit Card & PayPal

Account

 

CAD

AUD

CHF

EUR

GBP

HKD

JPY

SGD

USD

First Withdrawal (*Fee) processed within calendar month

CAD $20

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $20

Additional Withdrawals processed within calendar month

*Fee + CAD $20

*Fee + AUD $20

*Fee + CHF $20

*Fee + EUR €15

*Fee + GBP £10

*Fee + HKD $150

*Fee + JPY ¥2,000

*Fee + SGD $20

*Fee + USD $15

First Withdrawal (*Fee) processed within calendar month

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

Additional Withdrawals processed within calendar month

CAD $15

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $15


Canada

To withdraw funds sign in to My Funds.

Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.

Funds are withdrawn using the same method, and to the same account as previously used to deposit, in the following order:

1. Credit/debit card
2. PayPal
3. Bank Transfer

Processing Times

Method

Typical Processing Time

Notes


Credit/Debit Card

USD/GBP/CAD: 1-2 business days

EUR/CHF: 2-3 business days

AUD/HKD/SGD/JPY: up to 5 business days

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by credit/debit card (e.g. trading profits) may instead be withdrawn by an alternative method such as bank wire transfer.

Please note that withdrawals to credit/debit cards are only processed after all your credit/debit card deposits have cleared. This clearing process can take up to 5 business days from the date of your deposit.


Bank Wire Transfer

Within Canada: 1-2 business days

International: up to 5 business days

 

Withdrawals by bank transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


PayPal

Within 1 business day

 

 

PayPal withdrawals are only processed in CAD. If your PayPal account is denominated in another currency, you may incur exchange fees levied by PayPal in addition to the withdrawal fee.

Withdrawals to new PayPal accounts are permitted (accounts not previously used for a deposit or withdrawal), however, new accounts must be registered to the same person (or entity) as the fxTrade account holder.


The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or credit/debit card provider may take additional time to complete your withdrawal.

The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or debit card provider may take additional time to complete your withdrawal.

Withdrawal Fees

The following fee schedule applies:

 

Bank Transfer / Wire Withdrawal Fees

Credit/Debit Card & PayPal

Account

 

CAD

AUD

CHF

EUR

GBP

HKD

JPY

SGD

USD

First Withdrawal (*Fee) processed within calendar month

CAD $20

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $20

Additional Withdrawals processed within calendar month

*Fee + CAD $20

*Fee + AUD $20

*Fee + CHF $20

*Fee + EUR €15

*Fee + GBP £10

*Fee + HKD $150

*Fee + JPY ¥2,000

*Fee + SGD $20

*Fee + USD $15

First Withdrawal (*Fee) processed within calendar month

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

Additional Withdrawals processed within calendar month

CAD $15

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $15


Europe

To withdraw funds sign in to My Funds.

Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.

Funds are withdrawn using the same method, and to the same account as previously used to deposit, in the following order:

1. Credit/debit card
2. PayPal
3. Bank Transfer

Processing Times

Method

Typical Processing Time

Notes


Credit/Debit Card

USD/GBP/CAD: 1-2 business days

EUR/CHF: 2-3 business days

AUD/HKD/SGD/JPY: up to 5 business days

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by credit/debit card (e.g. trading profits) may instead be withdrawn by an alternative method such as bank wire transfer.

Please note that withdrawals to credit/debit cards are only processed after all your credit/debit card deposits have cleared. This clearing process can take up to 5 business days from the date of your deposit.


Bank Transfer

Within Europe: 1-2 business days

International: up to 5 business days

 

Withdrawals by bank transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


PayPal

Within 1 business day

 

 

PayPal withdrawals are only processed in GBP or EUR. If your PayPal account is denominated in another currency, you may incur exchange fees levied by PayPal in addition to the withdrawal fee.

Withdrawals to new PayPal accounts are permitted (accounts not previously used for a deposit or withdrawal), however, new accounts must be registered to the same person (or entity) as the fxTrade account holder.


The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or debit card provider may take additional time to complete your withdrawal.

Withdrawal Fees

The following fee schedule applies:

 

Bank Transfer / Wire Withdrawal Fees

Credit/Debit Card & PayPal

Account

 

CAD

AUD

CHF

EUR

GBP

HKD

JPY

SGD

USD

First Withdrawal (*Fee) processed within calendar month

CAD $20

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $20

Additional Withdrawals processed within calendar month

*Fee + CAD $20

*Fee + AUD $20

*Fee + CHF $20

*Fee + EUR €15

*Fee + GBP £10

*Fee + HKD $150

*Fee + JPY ¥2,000

*Fee + SGD $20

*Fee + USD $15

First Withdrawal (*Fee) processed within calendar month

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

No Fee

Additional Withdrawals processed within calendar month

CAD $15

AUD $20

CHF $20

EUR €20

GBP £10

HKD $150

JPY ¥2,000

SGD $20

USD $15


Asia Pacific

To withdraw funds sign in to My Funds.

Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.

Funds are withdrawn using the same method, and to the same account as previously used to deposit, in the following order:

1. Credit/debit card
2. PayPal
3. Cheque
4. Bank Transfer (incl. Internet Banking Transfer)

Processing Times

Method

Typical Processing Time

Notes


Credit/Debit Card

USD/GBP/CAD: 1-2 business days

EUR/CHF: 2-3 business days

AUD/HKD/SGD/JPY: up to 5 business days

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by credit/debit card (e.g. trading profits) may instead be withdrawn by an alternative method such as bank wire transfer.

Please note that withdrawals to credit/debit cards are only processed after all your credit/debit card deposits have cleared. This clearing process can take up to 5 business days from the date of your deposit.


Bank Transfer

Local (Within Singapore or Hong Kong): 1-2 business days

International: up to 5 business days

 

Withdrawals by bank transfer or internet banking transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


Internet Banking Transfer

2-3 business days

 

 

Withdrawals by bank transfer or internet banking transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


PayPal

Within 1 business day

 

 

PayPal withdrawals are only processed in SGD. If your PayPal account is denominated in another currency, you may incur exchange fees levied by PayPal in addition to the withdrawal fee.

Withdrawals to new PayPal accounts are permitted (accounts not previously used for a deposit or withdrawal), however, new accounts must be registered to the same person (or entity) as the fxTrade account holder.


Cheque

2-3 business days

 

 

Cheque withdrawals are only processed in SGD. Cheques are always mailed to the address that is on file with us. Be sure to contact customer service if you need to change your mailing address.


The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or credit/debit card provider may take additional time to complete your withdrawal.

Withdrawal Fees

The following fee schedule applies:

 

Bank Transfer

Internet Banking

Credit/Debit Card

PayPal/Cheque


 
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month

SGD
SGD $20
SGD $40
No Fee
SGD $15
No Fee
SGD $20
No Fee
SGD $15

HKD
HKD $150
HKD $300
No Fee
HKD $90
No Fee
HKD $150
N/A (**)
N/A (**)

USD
USD $20
USD $35
N/A (*)
N/A (*)
No Fee
USD $15
N/A (**)
N/A (**)

JPY
JPY ¥2,000
JPY ¥4,000
N/A (*)
N/A (*)
No Fee
JPY ¥2,000
N/A (**)
N/A (**)

AUD
AUD $20
AUD $40
N/A (*)
N/A (*)
No Fee
AUD $20
N/A (**)
N/A (**)

GBP
GBP £10
GBP £20
N/A (*)
N/A (*)
No Fee
GBP £10
N/A (**)
N/A (**)

EUR
EUR €20
EUR €35
N/A (*)
N/A (*)
No Fee
EUR €20
N/A (**)
N/A (**)

CHF
CHF $20
CHF $40
N/A (*)
N/A (*)
No Fee
CHF $20
N/A (**)
N/A (**)

CAD
CAD $20
CAD $40
N/A (*)
N/A (*)
No Fee
CAD $15
N/A (**)
N/A (**)

(*) Internet Banking withdrawals can only be processed in HKD and SGD.

(**) PayPal and cheque withdrawals can only be processed in SGD.


Australia

To withdraw funds sign in to My Funds.

Customers may withdraw funds from their OANDA account(s) at any time. Funds can be withdrawn up to the value of the balance of your OANDA account, minus the amount of margin used. Whenever you request a withdrawal, there must be sufficient funds remaining in your OANDA account to prevent margin calls on your existing trades.

Funds are withdrawn using the same method, and to the same account as previously used to deposit, in the following order:

1. Credit/debit card
2. PayPal
3. Bank Transfer (incl. Internet Banking Transfer)

Processing Times

Method

Typical Processing Time

Notes


Credit/Debit Card

USD/GBP/CAD: 1-2 business days

EUR/CHF: 2-3 business days

AUD/HKD/SGD/JPY: up to 5 business days

The total amount you can withdraw to your credit/debit card(s) cannot be more than the total amount you deposited from those cards. Any funds remaining in your account after you have withdrawn the full amount you had originally deposited by credit/debit card (e.g. trading profits) may instead be withdrawn by an alternative method such as bank wire transfer.

Please note that withdrawals to credit/debit cards are only processed after all your credit/debit card deposits have cleared. This clearing process can take up to 5 business days from the date of your deposit.

 


Bank Transfer

Local: 1-2 business days

International: up to 5 business days

 

Withdrawals by bank transfer or internet banking transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


Internet Banking Transfer

1-3 business days

 

 

Withdrawals by bank transfer or internet banking transfer must be processed to bank accounts registered to the same person (or entity) as the fxTrade account holder, and OANDA requires confirmation that the client is the owner of the bank account. This confirmation can be provided to OANDA in the form of a wire transfer deposit from the bank account, or by submitting documentation (for example, a bank statement or voided cheque).


PayPal

Within 1 business day

 

 

PayPal withdrawals are only processed in AUD. If your PayPal account is denominated in another currency, you may incur exchange fees levied by PayPal in addition to the withdrawal fee.

Withdrawals to new PayPal accounts are permitted (accounts not previously used for a deposit or withdrawal), however, new accounts must be registered to the same person (or entity) as the fxTrade account holder.


The above table reflects the typical processing time it takes OANDA and its financial institution or card processing provider to complete your withdrawal. Your financial institution or credit/debit card provider may take additional time to complete your withdrawal.

Withdrawal Fees

The following fee schedule applies:

 

Bank Wire Transfer

Internet Banking

Credit Card

PayPal


 
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month
First Withdrawal processed within calendar month
Additional Withdrawals processed within calendar month

AUD
AUD $20
AUD $40
No Fee
No Fee
No Fee
AUD $20
No Fee
AUD $15

SGD
SGD $20
SGD $40
N/A (*)
N/A (*)
No Fee
SGD $20
N/A (**)
N/A (**)

HKD
HKD $150
HKD $300
N/A (*)
N/A (*)
No Fee
HKD $150
N/A (**)
N/A (**)

USD
USD $20
USD $35
N/A (*)
N/A (*)
No Fee
USD $15
N/A (**)
N/A (**)

JPY
JPY ¥2,000
JPY ¥4,000
N/A (*)
N/A (*)
No Fee
JPY ¥2,000
N/A (**)
N/A (**)

GBP
GBP £10
GBP £20
N/A (*)
N/A (*)
No Fee
GBP £10
N/A (**)
N/A (**)

EUR
EUR €20
EUR €35
N/A (*)
N/A (*)
No Fee
EUR €20
N/A (**)
N/A (**)

CHF
CHF $20
CHF $40
N/A (*)
N/A (*)
No Fee
CHF $20
N/A (**)
N/A (**)

CAD
CAD $20
CAD $40
N/A (*)
N/A (*)
No Fee
CAD $15
N/A (**)
N/A (**)

(*) Internet Banking withdrawals can only be processed in AUD.

(**) PayPal withdrawals can only be processed in AUD.

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