What does oanda ask for when making an account

When making an account with OANDA, you will be asked for the following information:

1. Personal Information: This includes your full name, date of birth, email address, and phone number.
2. Trade Password: You will need to create a trade password to access your trading account.
3. Address: You will be asked to provide your residential address.
4. Proof of Identity: You may be required to upload a copy of your government-issued ID as proof of identity.
5. Proof of Address: You may also be required to upload a copy of your utility bill or bank statement as proof of address.

It's important to note that OANDA complies with the SEC customer identification program and may verify the identity of any person seeking to open an account. They will maintain records of your information and take the security of all collected data very seriously. Additionally, the minimum balance requirements for different types of accounts are as follows: there is no minimum balance requirement for a cash account, margin accounts must maintain a minimum balance of $2,000.00, and day trade margin accounts require a minimum balance of $25,000.00.