What Is OANDA Prop Trader?
If you’ve been scouting the prop trading scene lately, chances are you’ve stumbled upon the buzz around Oanda Prop Firm. And it’s not just hype — OANDA has officially jumped into the proprietary trading world by offering funded accounts to skilled, disciplined traders.
OANDA Prop Trader is a new program that allows everyday retail traders to access large trading capital through a structured evaluation known as the OANDA Prop Firm Challenge. Instead of risking your own money, you can trade with the firm’s funds and pocket a hefty portion of the profits — as much as 80% depending on your plan.
What sets OANDA apart? Unlike many newer prop firms that seem to pop up overnight and vanish just as fast, OANDA is a regulated, long-established brokerage with a solid reputation. They’ve wrapped their prop trading offer in reliability, transparency, and professional-grade trading conditions.
Whether you’re a swing trader, scalper, or algo wizard, OANDA Prop Firm could be the launchpad you’ve been waiting for.
How the OANDA Prop Firm Challenge Works
Before you can start trading with OANDA’s capital, you must prove yourself through the Oanda Prop Firm Challenge — a structured two-phase evaluation designed to filter for genuinely skilled traders.
Here’s how it breaks down:
- Phase 1: Evaluation — Meet a profit target while staying within the risk parameters.
- Phase 2: Verification — Confirm your skills with a second, usually slightly easier, profit goal.
If you pass both stages, congrats — you’re offered a fully funded trading account!
Let’s take a closer look at the steps:
Step 1: Choose Your Account Size and Profit Split
The journey begins by selecting your preferred challenge plan. OANDA offers a variety of account sizes, starting from $10,000 up to $500,000, each paired with different profit-split ratios.
Pick the combo that matches your trading ambitions. Are you a cautious sniper or a heavy-hitting whale? There’s a setup for every style.
Step 2: Complete the OANDA Prop Firm Challenge
Now it’s time to hit the charts. To pass the first phase, you’ll need to:
- Reach a set profit target (e.g., 8-10%).
- Stay within the maximum daily loss and overall drawdown limits.
- Trade a minimum number of active trading days to prove it wasn’t just a lucky shot.
Consistency, not cowboy trading, wins this race.
Step 3: Pass Evaluation and Get Funded
Once you successfully clear both stages of the OANDA Prop Firm Challenge, OANDA will issue you a live funded account.
At this point, you’re officially a proprietary trader — trading OANDA’s money, not yours, while taking home juicy profit shares!
Step 4: Start Live Trading
Live trading under OANDA is like riding a finely tuned sports car: tight spreads, stable execution, a rock-solid platform — and yes, real profits.
You’ll receive monthly payouts, and if you consistently perform, you may qualify for account scaling (meaning even more capital to play with!).
OANDA Prop Trader Account Types and Options
OANDA’s prop program isn’t one-size-fits-all. They’ve curated flexible account structures to suit diverse trader profiles.
Below is a breakdown of the available account sizes, drawdown rules, and challenge fees:
Funded Account Size | Max Daily Loss | Max Overall Drawdown | Challenge Fee |
$10,000 | $500 (5%) | $1,000 (10%) | $99 |
$25,000 | $1,250 (5%) | $2,500 (10%) | $199 |
$50,000 | $2,500 (5%) | $5,000 (10%) | $349 |
$100,000 | $5,000 (5%) | $10,000 (10%) | $549 |
$200,000 | $10,000 (5%) | $20,000 (10%) | $999 |
Funded Account Sizes
Choose from several initial funding levels, typically:
- $10,000
- $25,000
- $50,000
- $100,000
- $250,000
- $500,000
Naturally, bigger accounts come with bigger challenges — but also fatter potential paydays.
Profit-Sharing Models
Depending on the plan you select, the profit split can range between:
- 80/20
- 90/10
The better you perform, the more negotiating leverage you gain for higher splits!
Scaling Plans
OANDA doesn’t just hand you a funded account and call it a day. They reward consistent performers by:
- Doubling your account size after a few months of solid profits.
- Increasing your profit split for sustained excellence.
Think of it as leveling up in a video game — except this time, the “bonus points” are real money.
OANDA Prop Trader Rules and Restrictions
OANDA’s prop trading model isn’t just about funding traders and crossing fingers. Nope — they set clear, professional trading rules to ensure the capital is protected, and only disciplined traders thrive.
Let’s dive into the core rules you must respect:
Risk Management Guidelines (Trailing Drawdown, Max Daily Loss)
- Max Daily Loss: You can’t lose more than 5% of your starting balance in a single day. Violate this, and your challenge/funding ends.
- Overall Drawdown Limit: A strict 10% max loss on the total account equity. If you cross this, it’s game over for that account.
- Trailing Drawdown in Evaluation Stage: OANDA uses a trailing drawdown during your evaluation — meaning your equity buffer follows your gains until you hit the target. Think of it as “dynamic insurance” while you’re still proving yourself.
News Trading, Overnight Holds, and Other Restrictions
- News Trading: Trading during high-impact news events is permitted but watch volatility! OANDA recommends caution but does not outright restrict it like some firms.
- Overnight Holding: Yes, you can hold trades overnight — no forced closures!
- Weekend Holding: Allowed — but again, big gap risks can crush accounts. Trade wisely.
- Lot Size Limits: No hyper-aggressive lot size limit rules, but natural discipline is expected.
Consistency and Scaling Rules
- Consistency: OANDA prefers that profits are made steadily — not one lucky moonshot followed by chaos. Spiky equity curves may raise flags even if targets are met.
- Scaling Up: Hit targets consistently? You could see double the capital or higher profit splits over time — a major incentive to keep trading smart.
Payment, Withdrawals, and Payout Process
Money talk time — here’s how OANDA handles your hard-earned profits.
Fee Payments (for Challenges and Funded Accounts)
- Challenge Fee: Paid upfront when you sign up. (Refer to the table above for fees — from $99 to $999 depending on the account size.)
- Refundable? YES! Upon successful completion of the challenge and verification, OANDA refunds your challenge fee with your first profit payout.
Profit Withdrawals and Payout Schedules
- Profit Payout Frequency: Monthly, starting after 30 calendar days of live trading.
- Withdrawal Methods: Bank wire, crypto, or e-wallets — plenty of choices.
- Processing Times: Usually within 2-3 business days after request approval.
How to Sign Up for the OANDA Prop Firm Challenge
Getting started is a breeze:
- Visit the OANDA Prop Trader page.
- Choose your account size and pay the challenge fee.
- Complete KYC verification.
- Start the OANDA Prop Firm Challenge!
Restricted Countries: Residents from North Korea, Iran, Cuba, and a few others cannot participate — check their official list before applying.
Comparison: OANDA Prop Trader vs Other Top Prop Firms
OANDA is quickly moving into the top-tier discussion for prop firms — competing seriously with names like FTMO & FundedNext.
Where it wins:
- Transparency
- Risk management clarity
- Stable trading infrastructure
Feature | OANDA Prop Trader | FTMO | FundedNext |
Challenge Fee (100K) | $549 | $540 | $549 |
Profit Split | Up to 80% | Up to 90% | Up to 95% |
Leverage | 1:50 | 1:100 | 1:100 |
Broker | OANDA (Tier-1 Regulated) | Third-Party | Third-Party |
Scaling Plan | Yes | Yes | Yes |
Refundable Fee |
Winner: If you value trust, transparency, and longevity, OANDA has a massive edge. If you’re chasing higher leverage and slightly cheaper fees, others might appeal — but often with more risk.
OANDA Prop Trader Customer Support and Help
Email: support-proptrader@oanda.com
Social Media Profiles
- Instagram – 2.3k followers
- X/Twitter – 2.8k followers
- YouTube – 255 subscribers
- Facebook – 15k followers
A legit prop firm isn’t just about charts — it’s also about support when you need it most.
Educational Resources for Traders
OANDA offers:
- Webinars
- Tutorial videos
- E-books on trading psychology and risk management
💡 Pro Tip: Use these freebies — even if you’re experienced. Funded traders who keep growing skills survive longer.
OANDA Prop Trader Trustpilot Reviews
OANDA Prop Trader has received strong ratings on Trustpilot, with an average score of 4.2 out of 5 from 75 reviews.
Conclusion
This prop firm is absolutely worth it. If you want a reliable, established prop firm that treats traders fairly, provides elite trading conditions, and actually pays out — OANDA Prop Trader is a no-brainer.
You’re trading under the umbrella of a globally respected broker. The rules are fair, the platform solid, and the money — real.
FAQs
Yes, OANDA now offers a full-fledged proprietary trading program via the OANDA Prop Trader division.
It’s challenging but fair — passable with strong risk management and consistent strategy.
Short answer: YES.
- Regulated by major authorities (e.g., CFTC, ASIC, FCA).
- Over 25 years of brokerage operations.
- Transparent challenge rules.
- Positive reputation among both retail and institutional traders.
Leverage is capped at 1:50, aligning with regulated prop standards.
The minimum is $99 for the smallest ($10K) challenge account.
Profit splits range from 70/30 to 80/20, depending on your plan and performance.
Yes, algorithmic trading (Expert Advisors) is allowed — but no “tick scalping” or abusive strategies.
About the Author
Andrew Edwards is the co-founder of SecretsToTrading101 and has years of practical experience in online trading, prop firm evaluations and financial content review. He specialises in helping traders understand trading rules, challenge requirements and platform conditions so they can make informed decisions. Andrew oversees the accuracy of our prop firm guides and ensures all information is reviewed against current programme terms and risk standards.
