Detailed introduction to the rules of "OANDA LABS"! Veteran broker OANDA is also out of Prop Trading! ?

"OANDA LABS" Prop Firm Rules and Registration Fee

OANDA LABS

Trustpilot
4/5

Regulatory Broker

Broker OANDA launched

Biweekly Withdrawal

Biweekly 14 days is the withdrawal cycle

Time Limit

Both stages have challenge time limit

Mandarin Chinese

Traditional Chinese can be used on the official website, backend, and customer service

Refundable Fee

The challenge fee will be refunded for the first withdrawal after passing the challenge

Regional Restrictions

Customers in some regions are restricted

OANDA LABS is a new business planned to be operated by OANDA and will start in 2024. OANDA LABS is registered in Malta (OANDA Labs Assessment Ltd, Malta, OANDA Global Markets, BVI).

The OANDA LABS challenge program is provided to traders who are interested in becoming a Funded Trader. Traders can obtain large capital injections into their trading accounts if they meet the conditions without violating the rules.

OANDA LABS provides a mode of challenge: 2 Step.

There are different types of prop firms of this kind, which can be distinguished by major categories:Forex Prop Firm, Futures Prop Firm

However, there are many prop firms in the market, and the industry does not yet have a direct regulatory agency. To screen out unqualified prop firms, it can be evaluated from many levels: the region where the customer is accepted, the withdrawal record, etc.

And this site will continue to pay attention to the prop firm industry, and as far as possible to find out the compliance of prop firms to provide traders with a variety of options, among which this article will introduce OANDA LABS prop firm.

"OANDA LABS" Prop Firm Challenge Rules and Precautions

  • Trading Period: 120 days for Stage 1 and 120 days for Stage 2 to complete the challenge
  • Daily Drawdown: 5%
  • Maximum Drawdown: 10%
  • Minimum Trading Day: No minimum trading day
  • Profit Target: 8% for stage 1 and 5% for stage 2
  • Leverage: 100:1
  • Prohibit price or delay arbitrage
  • Allow automated trading program (EA)
  • Weekend positions are allowed (weekend trading is allowed)
  • Allow overnight positions
  • Allow no stop loss to be set
  • Restricted trade news events (2 minutes before and after major news is prohibited)
  • Restricted copy trading (OANDA Labs needs to be set up as the main account)

More frequently asked questions about OANDA LABS

To start the challenge, you can not verify your identity first, but after passing the challenge, you will need two KYC identity verification processes:

  • OANDA Labs (used to challenge accounts to obtain funding accounts)
  • OANDA global market (for withdrawal and profit sharing)

OANDA Labs is the KYC of the challenge, of course this is a must.

And OANDA Global MarketIt is in order to make withdrawals and share profits. The OANDA Global Market is also an OANDA brokerage business, so they need to open a broker account and complete KYC identity confirmation before they can withdraw profits.

See more about KYC verification issues

"OANDA LABS" Prop Firm Challenges Account Size

The 2-step model provides 5 account sizes, from a minimum of $10,000 USD account to a maximum of $500,000 USD account.

OANDA LABS divides account types into 5+3 types: TITANIUM, SILVER, GOLD, PLATINUM, BLACK, and the new 10K, TITANIUM X, and LUCKY 888.

  • 10K Challenge: $10,000 USD Account
  • TITANIUM Challenge: $25,000 USD Account
  • TITANIUM X Challenge: $25,000 USD Account
  • Silver Challenge: $50,000 USD Account
  • Gold Challenge: $100,000 USD Account
  • Lucky 888: $188,888 USD Account
  • PLATINUM Challenge: $250,000 USD Account
  • Black Challenge: $500,000 USD Account

The maximum virtual configuration amount provided by OANDA LABS to traders is $500,000 USD.

That is, you can have an account that adds up to a total of $500,000, for example:

  • 5x$100,000 USD accounts
  • 2x$250,000 USD accounts
  • 1x$500,000 USD account
2-Step
10K
TITANIUM
TITANIUMX
SILVER
GOLD
LUCKY 888
PLATINUM
BLACK
Account size
$10000 USD
$25,000 USD
$25,000 USD
$50,000 USD
$100,000 USD
$188,888 USD
$250,000 USD
$500,000 USD
Daily Drawdown
5%
5%
5%
5%
5%
5%
5%
5%
Max Drawdown
10%
10%
10%
10%
10%
10%
10%
10%
Time Limit
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
Trading Days
No
No
No
No
No
No
No
No
Profit Target
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
Leverage
1:100
1:100
1:100
1:100
1:100
1:100
1:100
1:100
Pofit Split
90%
80%
90%
80%
80%
88%
80%
80%
Challenge Fee
$169 USD
$249 USD
$299 USD
$399 USD
$699 USD
$888 USD
$1,200 USD
$2,400 USD
More Info
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20% Discount Code: Beapro20

What are the Features of "OANDA LABS" Prop Firm?

"OANDA LABS" Own Broker

OANDA LABS plans to operate independently as a division of the OANDA group, so it also uses the resources of OANDA's own broker.

OANDA holds the following global regulatory licenses::

  • The Financial Conduct Authority (FCA), No. 542574
  • Australian Securities and Investments Commission (ASIC) License, Number: 26152088349
  • U.S. Commodity Futures Trading Commission (CFTC), No. 0325821
  • Investment Industry Regulatory Authority of Canada (IIROC), No. 09-0280
  • The Financial Services Agency of Japan (FSA), Number: Kanto Finance Director (Jinshang) No. 2137
  • Monetary Authority of Singapore (MAS), no number provided for supervision

"OANDA LABS" Prop Firm Language Advantages

OANDA LABS provides 2 languages, Chinese and English, which are friendly to users in the Chinese and English markets.

Language can be switched in the upper right corner

"OANDA LABS" Prop Firm Provides Rich Instruments

OANDA LABS provides instruments categories: major currencies, minor currencies, metals, energy, indexes, and US stocks.Basically all major products are available.

Including EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, and USDCHF. (OANDA LABS description of major currency pairs)

Including EURCHF, EURGBP, EURJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURNOK, EURSEK, EURNZD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPCHF, NZDCAD, NZDCHF, NZDJPY, USDNOK, USDSEK, USDCNH, USDMXN, USDZAR, USDSGD. (OANDA LABS Minor Currency Pair Product Description

Contains XAUUSD and XAGUSD. (OANDA LABS Precious Metal Product Description

USOIL, UKOIL, NATGAS. (OANDA LABS Energy Product Description

Including AU200, EU50, DE40, US30, US100, US500, FR40, UK100, JP225, NL25, ES35, CH20, SG30, HK50, CN50. (OANDA LABS Mainstream Index Product Description

"OANDA LABS" Drawdown Rules

1. Maximum Drawdown: 5%

The daily loss limit will be calculated based on the final balance of the previous day and will be reset at 17:00 EST.

It is worth noting that the maximum daily loss is calculated at 5% based on the final balance of the previous day, not Equity.

2. Maximum Drawdown: 10% (tracking)

The maximum drawdown is the tracking method, which changes as the account balance increases or decreases.

For example, if the initial account balance at the beginning of the transaction is $100,000 and the maximum drawdown is 10%, you cannot lose less than $90,000.

If the profit from the transaction increases the balance to $105,000, the new maximum drawdown is $95,000.

You can also go to the background to track the current account drawdown status.

"OANDA LABS" Profit Split

OANDA LABS provides 80% fixed profit share.

You need to close all positions in order to apply for profit sharing withdrawals, and your MetaTrader account will be temporarily locked.

Once the payment application is approved, the account will be unlocked immediately and the payment will be deducted from the account.

All payments will be paid to the OANDA Global Market account (OANDA broker) established when the OANDA Labs trader account is opened.

Withdrawal from the OANDA Global Market account (OANDA broker) is required.

Discount on Retake of "OANDA LABS"

Because OANDA LABS currently has a challenge time limit, phase 1 is 120 working days and phase 2 is 120 working days.

If you fail to complete the challenge within the deadline, a 20% discount will be provided.

For example:

Trader A purchased a $250K account and spent a challenge fee of $1,200, but failed in the end.

He can choose to use a 20% discount when purchasing a new challenge, get a discount of $240 on the cost of the new challenge, and finally spend $960 to purchase a new challenge.

The discount cannot be accumulated. Regardless of the number of unsuccessful challenges, the discount is 20% off.

Whether the challenge fails in stage 1 or stage 2, the discount applies.

"OANDA LABS" Prop Firm Trading Platform

The trading platform provides MT4 and MT5, which are available atCustomer backend interfaceFind the platform download on the left, and the MT4 and MT5 download link for the OANDA LABS version are also available below.

Desktop trading platform

Mobile trading platform

Pros and Cons of OANDA LABS

  • Veteran broker OANDA resource support
  • The payment cycle is 14 days biweekly
  • Support traditional Chinese, easy to operate
  • Restrictions on customers in some regions
  • Time Limit

OANDA LABS

Trustpilot
4/5

Regulatory Broker

Broker OANDA launched

Biweekly Withdrawal

Biweekly 14 days is the withdrawal cycle

Time Limit

Both stages have challenge time limit

Mandarin Chinese

Traditional Chinese can be used on the official website, backend, and customer service

Refundable Fee

The challenge fee will be refunded for the first withdrawal after passing the challenge

Regional Restrictions

Customers in some regions are restricted

  • Trading Period: 120 days for Stage 1 and 120 days for Stage 2 to complete the challenge
  • Daily Drawdown: 5%
  • Maximum Drawdown: 10%
  • Minimum Trading Day: No minimum trading day
  • Profit Target: 8% for stage 1 and 5% for stage 2
  • Leverage: 100:1
  • Prohibit price or delay arbitrage
  • Allow automated trading program (EA)
  • Weekend positions are allowed (weekend trading is allowed)
  • Allow overnight positions
  • Allow no stop loss to be set
  • Restricted trade news events (2 minutes before and after major news is prohibited)
  • Restricted copy trading (OANDA Labs needs to be set up as the main account)

More frequently asked questions about OANDA LABS

2-Step
10K
TITANIUM
TITANIUMX
SILVER
GOLD
LUCKY 888
PLATINUM
BLACK
Account size
$10000 USD
$25,000 USD
$25,000 USD
$50,000 USD
$100,000 USD
$188,888 USD
$250,000 USD
$500,000 USD
Daily Drawdown
5%
5%
5%
5%
5%
5%
5%
5%
Max Drawdown
10%
10%
10%
10%
10%
10%
10%
10%
Time Limit
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
120/120 days
Trading Days
No
No
No
No
No
No
No
No
Profit Target
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
8%/5%
Leverage
1:100
1:100
1:100
1:100
1:100
1:100
1:100
1:100
Pofit Split
90%
80%
90%
80%
80%
88%
80%
80%
Challenge Fee
$169 USD
$249 USD
$299 USD
$399 USD
$699 USD
$888 USD
$1,200 USD
$2,400 USD
More Info
Start
Start
Start
Start
Start
Start
Start
Start

20% Discount Code: Beapro20

"OANDA LABS" Prop Firm Quick Link