Oanda Prop Traders is a prop firm backed by a well known regulated broker Oanda which has been operating for over 4 years now. Oanda Prop Trader provides traders funding of up to $500,000 with the profit share of up to 90%. 

Company Information

Company Name : Oanda Prop Trader

Company Legal Name : OANDA Labs Assessment Limited

Company Registration no. : C 106331
Operating Since: 2023

Company Address : 171 Old Bakery Street, Valletta, VLT 1455 Malta

Challenge Details

Evaluation Program Details :-

Oanda Prop Trader offers only one evaluation program and this program is a Two Phase evaluation.

Pricing:

• $10,000 : $60
• $25,000 : $199
• $50,000 : $299
• $100,000 : $599
• $250,000 : $1200 
• $25,000 Titanium X : $249
• $188,888 : $888

Rules:

• Profit Target(Phase 1) : 8%
• Profit Target(Phase 2) : 5%
• Total Loss : 5%
• Daily Loss : 10%
• Profit Share : 80% and up to 90%
• Drawdown Type : Trailing Drawdown
• Time Limit : No limit
• Leverage : 100:1
• Max Lot Size : 0.1 lot for FX and Metals and 1 lot for 1 CFD index
• Payout Frequency : 30 Days
• Allows Copy Trading : Copy Trading is only allowed if this account is the master account
• Min Trading Days : None

Scaling Plan

Oanda Prop Trader does not provide any Scaling Plan at this moment.

Spreads and News Trading Rules

Spreads

Traders can check the Spreads in real time on Oanda Prop Traders here - https://proptrader.oanda.com/en/trading-conditions/

News Trading Rules

Oanda Prop Trader does not allow traders to trade before and after 2 minutes of any high impact news. During this 4 minutes window, all opened trades will be closed automatically and the profit/loss will be realized in the account. Also Trading around this time window will be deemed as a soft breach.

Other Important Rules

Daily Drawdown Calculation

In Oanda Prop Trader, Daily Drawdown type is provided as Equity Based Drawdown but the amount each day will remain static and will be recalculated at the end of the day. Traders must understand that this as the nature of the daily drawdown is equity based therefore the daily loss limit can shrink and grow based on the profit or loss made in the account.

Countries Banned from Purchasing

Oanda Lab Trader allows every country to join their funding program from anywhere in the world.

Prohibited Trading Strategies

There are few trading strategies that Oanda Prop Trader does not allow, Trading with these accounts can lead to account termination.

• High-Frequency Trading
• Arbitrage Trading
• Using any third party software for trading
• Copy Trading

Payout Methods 

Oanda Prop Trader offers traders the flexibility to choose between three payout methods, 

• Skrill
• Bank Transfer/Wire Transfer
• Neteller