OANDA Prop Trader

OANDA Prop Trader

CEOGavin Bambury
CountryMT
Trust Pilot4.5
Date CreatedJan 2024
Years in Operation1

Reviews

Total Reviews
4.530 total reviews
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40% OFF
40% off + free account of the same size if reaching payout on 25K to 100K Classic and Boost Challenges (first-time users only)
OANDA Prop Trader

OANDA Prop Trader

4.5
30

Firm Overview

Trading Platforms
MT5MT5
Brokers
OANDA Global MarketsOANDA Global Markets
Payment Methods
Credit/Debit CardCredit/Debit Card
CryptoCrypto
Apple PayApple Pay
Astropay
Google PayGoogle Pay
Wire Transfer
Payout Methods
Skrill
Neteller
Bank Wire Transfer

Instruments and Assets

Type of Instruments:Features
Assets :n/a

Consistency Rules

Daily Max Profit Rule

The Daily Max Profit rule applies only during Phase 1 and Phase 2 of the evaluation. There are no consistency rules once the trader successfully passes the evaluation.

Phase 1: 5% Daily Max Profit

Phase 2: 2% Daily Max Profit

No trading day should exceed the respective Daily Max Profit limit during the evaluation phases. If an account reaches the daily profit limit on any given day, all open positions will be closed automatically, and trading will be disabled for the remainder of the day. Trading will resume the following day.

Firm Rules

Expert Advisors (EAs)

  • Traders may use EAs, scripts, and indicators.
  • Copy trading is not allowed.
  • EAs engaging in price or latency arbitrage, or other prohibited trading behaviors, are strictly forbidden (refer to the applicable terms and conditions).

News Trading

  • No opening or closing of trades within a 4-minute window (2 minutes before and 2 minutes after major news releases) excluding stop loss and take profit orders triggered.

Copy Trading

  • Not allowed between multiple accounts or within the OANDA Prop Trader program.
  • Copying to non-OANDA accounts and third parties is permitted.

Daily Max Profit (Consistency Trading Rule)

During the 2 assessment phases for "Boost & Classic Challenges":

  • Phase 1: 5% daily max profit
  • Phase 2: 2% daily max profit
  • This rule does not apply once a Prop Trading account is allocated.

Order limit

  • Traders are prohibited from placing an unusually large number of orders for the Services within an unreasonably short period of time.

Inactivity Rule

  • Inactivity over 30 calendar days is a hard breach: users who are inactive (no trades placed) for 30 consecutive days lose Challenge account access, and the account is closed.

Min Trade Size

  • 0.1 lot for FX, Metals
  • 1 lot for 1 CFD index

Payout Policy

Profit Split

  • Classic Program: 80%

  • Boost Program: 80% for the first payout, increasing to 90% for subsequent payouts

Minimum Payout

  • Classic Accounts: $200

  • Boost Accounts: 2% of the initial balance

Payout Frequency:

  • Every 14 days"

Restricted Countries

AfghanistanAfghanistan
AlbaniaAlbania
AlgeriaAlgeria
AndorraAndorra
AngolaAngola
AustraliaAustralia
AustriaAustria
BelarusBelarus
BelgiumBelgium
British ColumbiaBritish Columbia
British Virgin IslandsBritish Virgin Islands
BulgariaBulgaria
Burkina FasoBurkina Faso
CambodiaCambodia
CameroonCameroon
CanadaCanada
Cayman IslandsCayman Islands
ChinaChina
Christmas IslandChristmas Island
Cote d'Ivoire (Ivory Coast)Cote d'Ivoire (Ivory Coast)
Crimea (Region of Ukraine)Crimea (Region of Ukraine)
CroatiaCroatia
CubaCuba
CyprusCyprus
Czechia (Czech Republic)Czechia (Czech Republic)
Democratic Republic of the Congo (Congo Free State)Democratic Republic of the Congo (Congo Free State)
DenmarkDenmark
EstoniaEstonia
Falkland IslandsFalkland Islands
FinlandFinland
FranceFrance
GermanyGermany
GibraltarGibraltar
GreeceGreece
GuamGuam
HaitiHaiti
Heard IslandsHeard Islands
HungaryHungary
IndiaIndia
IranIran
IraqIraq
IrelandIreland
ItalyItaly
JapanJapan
JerseyJersey
LaosLaos
LatviaLatvia
LebanonLebanon
LibyaLibya
LiechtensteinLiechtenstein
LithuaniaLithuania
LuxembourgLuxembourg
MaliMali
MaltaMalta
Midway IslandsMidway Islands
MonacoMonaco
MontserratMontserrat
MozambiqueMozambique
Myanmar (Burma)Myanmar (Burma)
NamibiaNamibia
NepalNepal
NetherlandsNetherlands
NicaraguaNicaragua
NigeriaNigeria
North KoreaNorth Korea
North MacedoniaNorth Macedonia
North of Black SeaNorth of Black Sea
NorwayNorway
PakistanPakistan
Palestinian TerritoryPalestinian Territory
PanamaPanama
PolandPoland
PortugalPortugal
Puerto RicoPuerto Rico
Republic of the Congo (Congo Brazzaville)Republic of the Congo (Congo Brazzaville)
ReunionReunion
RomaniaRomania
RussiaRussia
Saint Pierre and MiquelonSaint Pierre and Miquelon
San MarinoSan Marino
SenegalSenegal
SingaporeSingapore
SlovakiaSlovakia
SloveniaSlovenia
SomaliaSomalia
South Georgia IslandsSouth Georgia Islands
South SudanSouth Sudan
SpainSpain
SudanSudan
SwedenSweden
SwitzerlandSwitzerland
SyriaSyria
TanzaniaTanzania
Trinidad and TobagoTrinidad and Tobago
TurkeyTurkey
UgandaUganda
United KingdomUnited Kingdom
United States of AmericaUnited States of America
VanuatuVanuatu
Vatican CityVatican City
VenezuelaVenezuela
West BankWest Bank
YemenYemen
ZimbabweZimbabwe