What is OANDA Prop Trader?
Company Background & Mission
OANDA Prop Trader is a proprietary trading program launched by OANDA, a globally recognized forex broker with over 25 years of experience. The program is designed to provide traders with the opportunity to trade using virtual funds and earn a share of the profits they generate. By leveraging OANDA’s robust trading infrastructure and market access, traders can focus on honing their skills and strategies without risking their own capital.
Meet the CEO of OANDA Prop Trader
Gavin Bambury serves as the CEO of OANDA Prop Trader. With a wealth of experience in the financial industry, Bambury has been instrumental in steering the company towards innovation and trader-centric solutions. Under his leadership, OANDA Prop Trader has emphasized transparency, trader support, and the integration of cutting-edge technology to enhance the trading experience.
Is OANDA Prop Trader Legit or Safe?
Absolutely. OANDA Prop Trader operates under the umbrella of OANDA Global Markets, a forex broker regulated in multiple jurisdictions. The program’s structure ensures that traders operate in a secure environment, with clear guidelines and support mechanisms in place. Additionally, the use of virtual funds for trading challenges means that traders can develop and test their strategies without financial risk, further emphasizing the program’s commitment to safety and trader development.
How to Use the OANDA Prop Trader Discount Code
Step 1 – Sign Up & Select Your Challenge
Begin by visiting the OANDA Prop Trader website and creating an account. Once registered, navigate to the challenges section to view the available trading challenges. These challenges vary in terms of virtual funding amounts, ranging from $5,000 to $500,000, allowing traders to choose a level that aligns with their experience and goals.
Use code “SONGKRAN30” for 30% OFF all accounts!
Step 2: Choose Your Evaluation Plan
OANDA Prop Trader offers two primary evaluation plans: Classic and Boost.
- Classic Plan: This plan features a two-phase evaluation with profit targets of 8% in Phase 1 and 5% in Phase 2. It includes a trailing drawdown mechanism and offers an 80% profit share upon successful completion.
- Boost Plan: Designed for traders seeking higher profit shares, the Boost Plan also has a two-phase evaluation with profit targets of 10% and 5%. It features a static drawdown and offers up to a 90% profit share after the first payout.
Select the plan that best suits your trading style and objectives.
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Step 3: Enter Discount Code at Checkout
After selecting your desired challenge and evaluation plan, proceed to the checkout page. Here, you’ll find a field labeled “Have a coupon?.” Enter the most recent code here.
Step 4: Apply the Discount Code
Once you’ve entered the discount code, click on the “Apply Coupon” button. The system will validate the code and adjust the total amount accordingly. Confirm that the discount has been applied before proceeding to payment.
Use code “SONGKRAN30” for 30% OFF all accounts!
What Payment Methods are Available?
OANDA Prop Trader offers a variety of payment options to cater to traders worldwide. These include:
- Credit/Debit Cards: Visa and MasterCard
- Digital Wallets: Apple Pay, Google Pay
- Bank Transfers: Wire transfers, including WISE
- Cryptocurrency: Bitcoin and other major cryptocurrencies
- Regional Payment Methods: TrueMoney, SPEI, AlipayHK, OXXO, Touch ‘n Go, UnionPay
Note that available payment methods may vary based on your location.
Use code “SONGKRAN30” for 30% OFF all accounts!
OANDA Prop Trader Customer Support and Help
Email: support-proptrader@oanda.com
Social Media Profiles
Stay updated with the latest news, promotions, and trading tips by following OANDA Prop Trader on their social media platforms:
- Instagram – 2.3k followers
- X/Twitter – 2.8k followers
- YouTube – 255 subscribers
- Facebook – 15k followers
Engaging with their social media channels can provide insights into upcoming promotions, trader success stories, and educational content to enhance your trading journey.
FAQ's
Most discount codes apply to popular challenge sizes like 10K, 25K, 50K, 100K, 250k. However, some codes exclude the 500K account, so always read the fine print before checking out.
While discount codes generally offer percentage-based savings, some promotions have been known to include bonus perks such as a free challenge account after your first successful payout. These are limited-time offers, so act fast!
No, you can apply a discount code during the checkout process before your identity or trading credentials are verified. However, completing your trader evaluation and passing all requirements will be essential for payout eligibility.
Unfortunately, discount codes cannot be stacked with referral bonuses or other promo links. You’ll need to choose the best deal for your needs—either a coupon code or a referral offer, not both.
Traders can get a payment starting 14 days after they make their first transaction on the funded account. After the initial payment is done, further payments are available every 14 days.
To qualify the account must have a balance exceeding the starting amount and there must be no rule breaches. All open investments must be settled. Payments get handled in one or two business days using Riseworks.io. This process lets people transfer funds to bank accounts or digital money.
Traders who receive funds get 80 % of the profit. The profit distribution is 80 % for accounts funded right away. That percentage may rise to 90 % if some extras are present.
