OANDA: What is the deposit/withdraw processes for OANDA

Quote from stray_cougar:

nice one
thx for the info all
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yeah man they\'re not bad, I have found them a little slow on depositing the funds into the account upon receipt, but they are very fast sending them out to you.
 
Quote from psperos:

OANDA is great with deposits and WD... Transactions are on the same day, but beware they will only withdraw in the same method as you deposit no matter how much you make. I got killed this year with this because when I started doing well I could only withdraw using paypal. I lost %3 on every withdraw. When you start taking out 5 figures+ the fees start to get serious.
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Open a sub account and fund this with a wire xfer. Doesn't have to be much. Maybe a grand or so. Once set up, move your money from main account to sub account and trade from that. You can withdraw your profits (if any) from the sub account directly via the form it was financed with. Money that came from your paypal funded account might not be able to be withdrawn via the sub account.
 
Quote from Reaver:

Yeah I actually deposited a bass boat once, and they could only pay me with a yacht after a humdinger of a year. I mean shit, what am I gonna do with two boats?
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3% is a lot in this business, every dime counts. why give it to paypal?
 
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