Wow, I’ve never seen a company that has made it so hard to give them money. After many failed credit card deposit attempts with Oanda Canada and several service center calls we found out that I wasn’t actually typing in my postal code incorrectly that that it was, in fact my bank (a major Canadian bank). So that option went out the door. I wanted to make my first move from demo to a small account ($500 CAD) and while they offer very small lot amounts, the cost of sending only $500 would be ridiculous.
The only options they had remaining were bank wire ($30 at my bank) or PayPal (huge fees on top of PayPal’s own fees). Can’t even send them a damn cheque! Its a shame because I was enjoying their platform but I’m on to Questrade even though I despise theirs. I already have other accounts with them and transferring is going to be simple. I’m not sure how it is for American customers with Oanda, but here in Canada its a disaster. I really don’t see how anyone would realistically try them out with anything less than thousands of dollars to deposit.