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 and share in the profits they generate.

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 is the OANDA Labs Challenge?

The OANDA Labs Challenge is a demo environment for traders to test strategies, consisting of two phases with distinct profit targets.

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.

How long does the Challenge take to complete?

Traders need at least six days for Phase 1 and four days for Phase 2. The Challenge does not need to be consecutive.

Is there a limit to the number of Challenge attempts?

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

Can I trade from multiple accounts during the Challenge?

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

Is copy trading allowed in the OANDA Labs Trader Program?

No, copy trading between multiple accounts is not allowed.

What happens if I don’t pass the Challenge on the first attempt?

You receive a 20% discount for subsequent Challenge attempts, applied to the fee of the new Challenge.

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No, the virtual capital cannot be withdrawn.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 Prop Trader Prop Firm Details and Reviews, Legit or Scam?

Oanda Prop Trader

[email protected]

Details About Oanda Prop 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: Crypto, Credit/Debit Card

Withdrawal Methods: Skrill, Wire Transfer/ Bank Transfer

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

Banned Countries:

Challenge Details at Oanda Prop 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 Prop Trader

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