OANDA Updates Prop Trading Program
Broker OANDA launched its prop trading service: OANDA LABS updated its trading challenge conditions in April, primarily aiming to attract experienced investors, especially in light of recent issues with prop trading firms.
Main Updated Conditions:
OANDA Updated Challenge Rules in April
- Leverage ratio: from 50:1 to 100:1
- Profit target: from 10% to 8%
- Minimum trading days: 10 days to 0 days
- Profit sharing: 75% to 80%
- Fee refund: If the challenge is passed, the initial challenge fee will be refunded
OANDA Updated Brand Name in July
- Renamed from OANDA Labs to OANDA Prop Trader
rokers Enter the Prop Trading Industry
OANDA's entry into the prop trading market comes at a time when many prop traders are seeking new reliable partners due to recent industry turbulence.
In February this year, MetaQuotes began terminating MetaTrader platform usage contracts, causing many retail prop trading companies to suspend operations or stop accepting new user registrations.
OANDA decided to enter the prop trading market six months ago, now becoming one of the few forex/CFD brokers to make such a move. Other brokers like Hantec Markets, IC Markets, AXI, and Think Markets (which joined in July this year) have also followed this trend.
OANDA believes that prop trading could be the future for retail brokers, potentially surpassing the traditional forex and CFD industry.
In April this year, OANDA's Head of Emerging Markets, Crystal Lok, stated that this field is "more accessible, with lower entry barriers, such as fixed upfront fees, and limited risk."
Unlike unregulated prop trading firms, prop trading through forex/CFD brokers mainly offers two benefits:
- Use of the MetaTrader platform (although this advantage has been less prominent in recent months)）
- Assurance that you are trading with a regulated entity.
Reference：OANDA Bets on Prop Trading Expansion with Higher Profit Share and Lower Entry Barriers
