How can I join the OANDA Labs Trader Program?

Individuals aged 18 and over from approved countries can take a two-phase Challenge using a demo account to qualify for the program.

What are the objectives of the Challenge?

Phase 1 requires a 10% profit target, and Phase 2 has a 5% profit target, both calculated from the unrealized P&L of the account.

What fees are associated with the Challenge?

Fees range from $169 to $2,400, depending on the size of the account chosen for trading.

Can I pay for the Challenge with a credit or debit card?

Yes, you can pay for the OANDA Labs Challenge using a credit or debit card.

Is there a limit to the number of Challenge attempts?

No, there is no limit. Traders can take the Challenge multiple times.

Can I withdraw the virtual capital provided in the Challenge?

No, the virtual capital cannot be withdrawn. Traders are entitled to a 75% share of profits made.

Is there a maximum drawdown limit during the Challenge?

Yes, a drawdown equal to or exceeding 10% of the account balance results in the loss of the account.

What is the maximum leverage allowed?

The maximum leverage allowed is 50:1.

Are there restrictions on trading hours?

Trading hours align with global financial markets and may vary during daylight saving time and certain holidays.

How do I request a profit share?

Traders can request profit share payouts through their User Portal, with funds debited from the MetaTrader account.

How frequently can I request a profit share payout?

Payout requests can be made every 14 days, and all open positions must be closed before processing a request.

Can I trade with virtual capital in multiple Challenges simultaneously?

Yes, traders can participate in multiple Challenges simultaneously.

How is the daily loss limit calculated?

The daily loss limit is calculated based on the previous day's end-of-day balance, resetting at 17:00 ET.

How can I contact OANDA support for assistance?

You can contact OANDA support via email at support-labstrader@oanda.com.

Oanda Labs Trader Prop Firm Details and Reviews, Legit or Scam?

Q: Can I trade from multiple accounts during the Challenge?

Trading from multiple Labs Trader accounts after receiving virtual capital is not allowed.

Q: Is copy trading allowed in the OANDA Labs Trader Program?

No, copy trading between multiple accounts is not allowed.

Oanda Labs Trader

[email protected]

Details About Oanda Labs Trader

Legal Name: OANDA Labs Assessment Limited

Company Number: C 106331

Country of Registeration: MT

CEO: Gavin Bambury

Support Mail: [email protected]

Phone: Not available

Payment Modes: Not disclosed

Withdrawal Methods: Not disclosed

Website: https://proptrader.oanda.com/en/

Banned Countries:

Challenge Details at Oanda Labs Trader

Types of Challenges: Two Phase Challenge

Trading Platforms: Metatrader

Trading Instruments: Forex, Indices, CFDs, Metals, Commodities

Broker: Oanda

Max Allocation: $500,000

Scaling: $Not available

Trading Competitions: Does not organize Trading Competitions

Free Trials: Does not offer free Trials

About Oanda Labs Trader

Prop Firm Name Oanda Labs Prop Firm
Legal Name OANDA Labs Assessment Limited
Registration Number C 106331
Country of Registration Europe
FAQs
Question Answer
What is the OANDA Labs Trader Program? The OANDA Labs Trader Program allows traders with limited capital to trade with an OANDA Labs Trader account. Traders share in the P&L they produce, and OANDA’s proprietary trading models use their signals for decision-making.
Who can join? Individuals aged 18 and over from approved countries can join. The Challenge involves a two-phase evaluation using a demo account, with specific rules and objectives.
What is the OANDA Labs Challenge? The OANDA Labs Challenge is a demo environment for traders to test their strategies and skills. It consists of two phases, each with distinct objectives and profit targets.
What are the Challenge objectives? Phase 1 requires a 10% profit target, calculated from the unrealized P&L of the account. Phase 2 has a 5% profit target using the same calculation method.
What are the Challenge fees? Fees vary based on the account size chosen, ranging from $249 to $2,400. Each tier comes with its virtual capital allocation.
What are the Challenge conditions? Traders must meet conditions related to profit targets, daily loss limits, max drawdown, max leverage, retry discount, minimum trading days, and more. Full details can be found in the Challenge rules and conditions.
How do I pay for the Challenge? Payment can be made via credit or debit card.
How long does the Challenge take? Traders need at least six days for Phase 1 and four days for Phase 2. The Challenge doesn't need to be consecutive, providing flexibility.
How many times can I take the Challenge? There is no limit to the number of Challenge attempts. Traders can take the Challenge multiple times and have multiple Challenge accounts within the $2 million limit.
Is Copy Trading Allowed? Copy trading between multiple accounts is not allowed. Violation may lead to the account being disabled.
Can I have & trade from multiple accounts? Trading strategies are welcome, but trading from multiple Labs Trader accounts after receiving virtual capital is not allowed. Successful completion of multiple Challenges can lead to merging virtual capital.
I’ve paid for my OANDA Labs Challenge, when will I get my account? Processing begins upon payment receipt. Traders receive notification and login credentials via email. It's crucial to safeguard login details and not share or authorize their use.
Is there a discount for retrying the Challenge? Yes, a 20% discount is offered for subsequent Challenge attempts, applied to the fee of the new Challenge. The discount is not cumulative, remaining at 20% regardless of the number of attempts.
What happens when I pass the Challenge? Upon passing, the account enters read-only mode, and new login credentials are provided for the verification stage. Trading results are evaluated, and payouts are made after approximately 1-2 business days.

Prop Firm Name	Oanda Labs Prop Firm
Legal Name	OANDA Labs Assessment Limited
Registration Number	C 106331
Country of Registration	Europe

Question	Answer
What is the OANDA Labs Trader Program?	The OANDA Labs Trader Program allows traders with limited capital to trade with an OANDA Labs Trader account. Traders share in the P&L they produce, and OANDA’s proprietary trading models use their signals for decision-making.
Who can join?	Individuals aged 18 and over from approved countries can join. The Challenge involves a two-phase evaluation using a demo account, with specific rules and objectives.
What is the OANDA Labs Challenge?	The OANDA Labs Challenge is a demo environment for traders to test their strategies and skills. It consists of two phases, each with distinct objectives and profit targets.
What are the Challenge objectives?	Phase 1 requires a 10% profit target, calculated from the unrealized P&L of the account. Phase 2 has a 5% profit target using the same calculation method.
What are the Challenge fees?	Fees vary based on the account size chosen, ranging from $249 to $2,400. Each tier comes with its virtual capital allocation.
What are the Challenge conditions?	Traders must meet conditions related to profit targets, daily loss limits, max drawdown, max leverage, retry discount, minimum trading days, and more. Full details can be found in the Challenge rules and conditions.
How do I pay for the Challenge?	Payment can be made via credit or debit card.
How long does the Challenge take?	Traders need at least six days for Phase 1 and four days for Phase 2. The Challenge doesn't need to be consecutive, providing flexibility.
How many times can I take the Challenge?	There is no limit to the number of Challenge attempts. Traders can take the Challenge multiple times and have multiple Challenge accounts within the $2 million limit.
Is Copy Trading Allowed?	Copy trading between multiple accounts is not allowed. Violation may lead to the account being disabled.
Can I have & trade from multiple accounts?	Trading strategies are welcome, but trading from multiple Labs Trader accounts after receiving virtual capital is not allowed. Successful completion of multiple Challenges can lead to merging virtual capital.
I’ve paid for my OANDA Labs Challenge, when will I get my account?	Processing begins upon payment receipt. Traders receive notification and login credentials via email. It's crucial to safeguard login details and not share or authorize their use.
Is there a discount for retrying the Challenge?	Yes, a 20% discount is offered for subsequent Challenge attempts, applied to the fee of the new Challenge. The discount is not cumulative, remaining at 20% regardless of the number of attempts.
What happens when I pass the Challenge?	Upon passing, the account enters read-only mode, and new login credentials are provided for the verification stage. Trading results are evaluated, and payouts are made after approximately 1-2 business days.