Oanda Bonus - How to Get Welcome Bonus Up to $1000
When you sign up for a broker's website, you get a bonus as an incentive to start trading on their platform. The bonus comes in different percentage forms depending on the broker, but it is always good to check the terms and conditions before signing up to make sure you understand how it works.
Some platforms also offer other benefits like educational resources, market analysis, and customer support. The guide will discuss the Oanda bonus and explain different aspects related to it, such as the Oanda bonus withdrawal.
Does Oanda Offer Forex Bonuses?
If you open an account on Oanda, you can qualify for up to $1,000 in bonus money. However, not everyone gets a $1,000 bonus.
You have to deposit $25 or more into your account to qualify for the offer. Once you deposit your initial amount, Oanda will credit your account with 50% of your initial deposit. It's a one-off welcome bonus. You can get a maximum of $1,000 in Oanda bonus per account.
Oanda Deposit Bonus Up to $1,000
The Oanda deposit bonus is an incentive for new users to open an account and start trading. The bonus is in the form of credit, which means you can use it to cover your losses up to the value of the bonus.
For example, if you deposit $500 into your account, Oanda will credit your account with $250. If your first trade loses $100, the credit will cover your loss, and you will have $150 left in your account.
The deposit bonus is not available to everyone. You must deposit $25 or more into your account to qualify for the offer. However, you don't necessarily have to create a new account to get the bonus.
You can get this bonus if you already have an account but haven't made your first deposit yet. The bonus is only available for account holders who have not made any deposit since 1st Feb 2020.
Moreover, the bonus is a stand-alone offer. You cannot use it with other rebate programs or promotional offers. In addition, you will only get this bonus with one account.
For instance, if you make multiple deposits into different account types, like a demo account and a live account, you will only receive the credit in one of the accounts. The deposit bonus is non-transferable.
You cannot withdraw the bonus amount. You can only use it to trade on the platform. However, Oanda lets you withdraw the amount you earn as profit when you make a trade using your bonus money.
Best Forex Deposit BonusesHow to Get an Oanda Welcome Bonus?
Getting the Oanda bonus is pretty simple. You have to follow these steps:
OANDA bonuses
First, open an account on the platform. If you already have an account but haven't deposited your initial amount, you can log in to your existing account.
How to create an OANDA account
Deposit at least $25 or equivalent (in your currency) in your account to qualify for the offer.
Oanda will credit your account with 50% of your deposited amount. For example, suppose you deposit $200. Then, Oanda will give you a $100 bonus.
The cap for the bonus is $1,000. Thus, even if you deposit $3,000, you will not get $1,500 as a bonus. Instead, you'll get a $1,000 bonus.
Can I Withdraw Deposit Bonus From Oanda?
No, like most other brokers, you cannot withdraw your deposit bonus from Oanda. However, you can withdraw the amount you earn as profit when you use your bonus money to trade on the platform.
Suppose you have a bonus amount of $200 and you use it to open a trade. You earn a profit of $20 on your trade. You’ll only be able to withdraw $20 and not $220 from your account.
Other Oanda Promotions You Should Know
Apart from its welcome bonus, Oanda also has a referral program. Like any other referral program, it pays individuals a commission for referring people to the platform. The terms are a bit more complicated than that, but in general, it's a way to get paid for recommending Oanda to others.
As Oanda's affiliate, you can make up to $1,000 for every person you introduce to the broker. To join Oanda's affiliate program, you have to do the following:
Start by completing the registration form. The form will ask you for your personal information and your website's URL.
Oanda will verify your identity after you submit the form.
Once you are verified, you will be given a unique affiliate link. You can use this link to promote Oanda on your website or through social media.
When someone clicks on your affiliate link and opens an account with Oanda, you will earn a commission.
Are Oanda Bonuses Available in My Country?
Oanda bonuses may not be available in your country. To check if bonuses are available in your country, you can contact Oanda customer service. You can also find this information in your account.
Oanda has blacklisted North Korea and Iran from its platform. Likewise, the broker has restricted Syria and Belarus. So, you won't even be able to create an account on the platform, let alone get a bonus. Other than that, Oanda offers the welcome bonus in almost every country where it accepts clients from.
How to Get Extra Cashback for Trading With Oanda
You can get extra cashback for trading with Oanda by registering on Traders Union. Then, use TU's referral link to open an account on Oanda and start trading. You will receive a percentage of every spread as a rebate, irrespective of whether you make a profit.
How to earn more with TU?FAQ
Is There an Option for Oanda Bonus Withdrawal?
No, there is no option for Oanda bonus withdrawal. You can only withdraw the profit made by using the bonus money. Oanda does not let you withdraw the actual bonus amount.
How Much Oanda Welcome Bonus Can I Earn?
You can earn up to $1,000 in Oanda welcome bonus. The amount of bonus you make depends on the amount you deposit into your account. Oanda credits your account with 50% of the amount you deposit. Therefore, if you deposit $2,000, you will receive a $1,000 bonus.
Does Oanda Offer Welcome Bonus on Multiple Accounts?
No, you will only get the bonus on your first account. Oanda does not offer welcome bonuses on multiple accounts.
I Am a New Client. How Do I Get the Bonus?
If you are a new client, you can get the bonus by depositing money into your account. If you already have an account but haven't deposited any initial amount in it since Feb 2024, you can also get the welcome bonus by depositing money into your account.
Team that worked on the article
Johnathan M. is a U.S.-based writer and investor, a contributor to the Traders Union website. His two primary areas of expertise include finance and investing (specifically, forex and commodity trading) and religion/spirituality/meditation.
His experience includes writing articles for Investopedia.com, being the head writer for the Steve Pomeranz Show, a personal finance radio program on NPR. Johnathan is also an active currency (forex) trader, with over 20 years of investing experience.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.