Details About Oanda Labs Trader
Legal Name: OANDA Labs Assessment Limited
Company Number: C 106331
Country of Registeration: MT![MT](http://purecatamphetamine.github.io/country-flag-icons/3x2/MT.svg)
CEO: Gavin Bambury
Support Mail: [email protected]
Phone: Not available
Payment Modes: Not disclosed
Withdrawal Methods: Not disclosed
Website: https://proptrader.oanda.com/en/
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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
![Blog Banner](/_next/image?url=https%3A%2F%2Fmedia.thetrustedprop.com%2Fuploads%2FF_Ree_100_K_challenge_fc1f58bd3d.png&w=3840&q=75)
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. |