Exness Review
OANDA Fund Withdrawal Step by Step
Overall, OANDA offers a simple fund withdrawal process for Kenyan Traders. OANDA is very competitive in terms of its trading fees and spreads. OANDA is a multi-regulated forex broker with 11 Tier-1 (High Trust) and 2 Tier-3 (Low Trust) regulators.
- Lesche Duvenage
Jump to:
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
OANDA Fund Withdrawal – 6 key points quick overview:
How to Withdraw Funds Step by Step
👉 Botswanans who want to withdraw funds from their OANDA trading account can take the following steps:
➡️ Traders can withdraw funds to a landing account using a debit or credit card, a bank transfer, or another method, or they can request a withdrawal to their bank account.
➡️ Botswanans must note that withdrawals must be handled in the same order as deposits.
➡️ To withdraw funds, traders must first use debit cards, then credit cards, then e-wallets like Skrill and Neteller, and only then can they make a wire transfer from a registered bank account.
Detailed Withdrawal Information for Traders
👉 A range of withdrawal methods is available to Botswanan traders, including those shown in the table below. For the convenience of traders, the typical processing times for deposits and withdrawals for each payment method are also included in this table.
OANDA Payment Method, Deposit and Withdrawal Processing
| 🥇 OANDA | 🥈 AvaTrade | 🥉 easyMarkets | |
| Minimum Withdrawal Time | 1 business day | 24 to 48 Hours | Instant |
| Maximum Estimated Withdrawal Time | 7 to 10 business days | 10 business days | Up to 5 Days |
| Instant Deposits and Instant Withdrawals? | No | No | Yes |
Fund Withdrawal Terms and Conditions
👉 Botswanan traders must note that OANDA will refund all monies to their source. For instance, if you deposited using a credit card, you would be required to withdraw with the same card.
👉 Hierarchical principles regulate the withdrawal procedure. For example, if you have made several deposits, you must withdraw the whole amount in the sequence they were made, debit cards first, credit cards second, and bank wire transfer third.
OANDA Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Proprietary desktop trading platforms offered alongside MetaTrader 4 and 5 | Fixed spreads are not offered |
| Offers an impressive array of financial instruments including most currency pairs | There is a monthly inactivity fee applied |
| Innovative mobile trading apps and mobile platforms provided | |
| There are several advanced charting tools and charting features offered | |
| Negative balance protection is applied to accounts | |
| The broker accepts a wide range of trading strategies including algorithmic trading, hedging, scalping, and more | |
| There is a comprehensive range of trading tools and analytical tools offered | |
| Deposit fees are not charged and there are several deposit options | |
| Offers a decent selection of educational materials including educational articles | |
| Client funds are kept in segregated accounts |
Verdict on OANDA
👉 Overall, OANDA is very competitive in terms of its trading fees and spreads.
FAQ
Are there any fees associated with withdrawals at OANDA?
OANDA charges withdrawal fees of 20 USD on bank wire transfers.
Can I withdraw my OANDA deposit bonus?
If you have received a deposit bonus from OANDA, it is not cash that may be withdrawn but trading credit that can be used.
Once you have made a profit, you may withdraw it, subject to the bonus’s terms and conditions.
How much time will OANDA need to process my withdrawal request?
OANDA will process your withdrawal request within one business day. This implies that the withdrawal procedure may take longer on weekends and holidays.
How long would it take for my OANDA withdrawal to appear in my account?
OANDA has a certain processing period, and depending on the withdrawal method you choose, and it may take longer for the cash to reach your bank account.
How simple is it to withdraw money from OANDA?
The OANDA withdrawal procedure is straightforward, and the broker gives useful withdrawal instructions for each nation in which it offers trading services and solutions.
