OANDA PROP TRADER Prop Firm Rules and Challenge Fee
Regulatory Broker
Broker OANDA launched
Biweekly Withdrawal
Biweekly 14 days is the withdrawal cycle
Unlimited
No Time Limit Challenge
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 PROP TRADER is a prop trading brand launched by OANDA (broker-launched prop trading brand), starting as a new business in 2024. OANDA PROP TRADER is registered in Malta (OANDA Labs Assessment Ltd, Malta, OANDA Global Markets, BVI).
OANDA PROP TRADER offers aspiring traders the opportunity to become funded traders. If traders meet the challenge conditions without violating rules, they can receive large capital investments in their trading accounts.
OANDA PROP TRADER offers a 2-stage challenge model.
These types of proprietary firms can be broadly categorized into Forex Prop Firms and Futures Prop Firms.
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.
Our site will continue to monitor the Prop Firm industry, striving to identify compliant prop trading firms to offer traders a diverse range of options. In this article, we will introduce OANDA PROP TRADER, one such prop trading firm.
Read More：OANDA PROP TRADER Overview
OANDA PROP TRADER Prop Firm: Challenge Rules and Important Considerations
2 Step - OANDA PROP TRADER
- Time Limit: Unlimited
- 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
Strategies and Behaviors Allowed and Prohibited by OANDA PROP TRADER
- Prohibit price or delay arbitrage
- Allow automated trading program (EA)
- 允許週末留倉
- 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 is allowed (OANDA PROP TRADER must be set as the primary account).
- Idle Account: If there is no trading in the account within 20 days, the account will be closed.
OANDA PROP TRADER Prop Firm Challenge Account Sizes
OANDA PROP TRADER 提供二階段挑戰，包含 Classic 與 Boost 模式。
提供 8 種帳戶規模，從最小 $5,000 美元帳戶到最高 $500,000 美元帳戶。
OANDA PROP TRADER 將帳戶類型區分為 Classic 和 Boost：
Classic 8 種帳戶（利潤分成為 80%）：
- 5K Challenge: $5,000 USD Account
- 10K Challenge: $10,000 USD Account
- TITANIUM Challenge: $25,000 USD Account
- Silver Challenge: $50,000 USD Account
- Gold Challenge: $100,000 USD Account
- 幸運888：$188,888 美元帳戶
- PLATINUM Challenge: $250,000 USD Account
- Black Challenge: $500,000 USD Account
Classic 模式利潤分成80%，屬於追蹤回撤類型。
Boost 3 種帳戶：
- 10K：$10,000 美元帳戶
- 利潤分成首次80%、後續90%
- 靜態回撤
- 50K：$50,000 美元帳戶
- 利潤分成首次80%、後續90%
- 靜態回撤
- 100K：$100,000 美元帳戶
- 利潤分成首次80%、後續90%
- 靜態回撤
OANDA PROP TRADER 提供給每一位交易者最大配置金額為 $500,000 美元。
亦即當交易者原先持有 5K 帳戶，之後通過 500K 帳戶，就使用 500K 帳戶進行操作。
- 案例一：原先持有 5K，之後挑戰 25K 並且通過挑戰，升級至 25K 帳戶並且持續使用 25K 操作
- 案例二：原先持有 10K，之後挑戰 50K 並且通過挑戰，升級至 50K 帳戶並且持續使用 50K 操作
- 案例三：原先持有 100K，之後挑戰 500K 並且通過挑戰，升級至 500K 帳戶並且持續使用 500K 操作
Classic | 5K | 10K | TITANIUM | SILVER | GOLD | 888 | PLATINUM | BLACK |
|---|---|---|---|---|---|---|---|---|
Account size | $5,000 USD | $10000 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 | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited | Unlimited |
Minimum 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% |
Max Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
Pofit Split | 80% | 80% | 80% | 80% | 80% | 80% | 80% | 80% |
Challenge Fee | $35 USD | $60 USD | $199 USD | $299 USD | $599 USD | $888 USD | $1,200 USD | $2,400 USD |
More Info | Start | Start | Start | Start | Start | Start | Start | Start |
Boost | 10K | 50K | 100K |
|---|---|---|---|
Account size | $10000 USD | $50,000 USD | $100,000 USD |
Daily Drawdown | 5% | 5% | 5% |
Max Drawdown | 10% | 10% | 10% |
Time Limit | Unlimited | Unlimited | Unlimited |
Trading Days | No | No | No |
Profit Target | 10%/5% | 10%/5% | 10%/5% |
Leverage | 1:100 | 1:100 | 1:100 |
Pofit Split | 首次80%，後續90% | 首次80%，後續90% | 首次80%，後續90% |
Challenge Fee | $99 USD | $399 USD | $699 USD |
More Info | Start | Start | Start |
What are the Features of OANDA PROP TRADER Prop Firm?
OANDA PROP TRADER Broker Backed
The OANDA PROP TRADER program operates as an independent department within the OANDA Group, therefore utilizing OANDA's own brokerage resources.
While 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
Prop trading brands launched by brokerage firms offer an additional layer of security in terms of liquidity compared to pure prop trading brands. They eliminate the potential instability in the relationship between pure prop firms and brokers. Moreover, future regulations are likely to impact the prop trading industry, which may give prop trading brands of brokerage firms an advantage.
OANDA PROP TRADER: Prop Firm with Multilingual Support
OANDA PROP TRADER offers support in four languages: Chinese, English, Thai, and Spanish, catering to users from different markets.
OANDA PROP TRADER's Prop Firm Offers a Wide Range of Instruments
OANDA PROP TRADER provides the following instrument categories: major currencies, minor currencies, precious metals, energy, major indices, and US stocks.Basically all major products are available.
This includes EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD, USDCHF. (OANDA PROP TRADER major currency pairs description)
It also includes 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 PROP TRADER minor currency pairs product description)
It includes XAUUSD, XAGUSD. (OANDA PROP TRADER precious metals product description)
USOIL, UKOIL, NATGAS. (OANDA PROP TRADER energy products description)
It includes AU200, EU50, DE40, US30, US100, US500, FR40, UK100, JP225, NL25, ES35, CH20, SG30, HK50, CN50. (OANDA PROP TRADER major indices product description)
《OANDA PROP TRADER 》一致性規則
獲利限額
根據兩個階段，有不同的每日最大獲利限額。
- 階段一：每日最大獲利限額 5%，達到後所有倉位都會關閉
- 階段二：每日最大獲利限額 2%，達到後所有倉位都會關閉
Classic 與 Boost 模式均適用此一致性規則。
可參考：更多一致性規則說明
OANDA PROP TRADER Drawdown Rules
Classic Mode
1. Maximum Drawdown: 5%
The daily loss limit will be calculated based on the previous day's end-of-day net asset value and will be reset at 17:00 EST (Eastern Standard Time).
The daily loss limit refers to the maximum amount an account can lose on any given day (calculated based on the account's net asset value).
The daily loss limit will not be adjusted during the current day. If the account's net asset value reaches a new high from profitable positions (realized or unrealized) during the day, it will not affect the daily loss limit for that trading day.
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.
Boost 模式
1. Maximum Drawdown: 5%
每日損失上限始終是帳戶初始（起始）餘額的 5%。無論您的交易活動如何，它都不會改變。
For example：
如果以 $100,000 的帳戶開始，每日損失上限始終是 $5,000（$100,000 的 5%）。
這個每日損失上限在整個交易期間保持固定，即使帳戶餘額因獲利而增加，該上限會考慮帳戶的所有未實現的盈虧和掉期（隔夜利息費用）。
如果帳戶餘額在單日內減少 $5,000 或更多，則會違反每日損失上限規則。
2. 最大回撤：10%（靜態）
固定為初始餘額的 90%。無論帳戶表現如何，這個限制都保持不變。
了解更多：更多回撤範例說明
OANDA PROP TRADER KYC Process After Passing the Challenge
KYC verification is required after passing the challenge to receive a funded account:
After passing the OANDA PROP TRADER challenge, you must complete KYC verification in an OANDA brokerage account. If you don't already have an OANDA (OANDA Global Markets) brokerage account, you'll need to open one. If you already have an account, you'll need to complete the KYC process.
After completing KYC verification, you will receive a Funded Account. The KYC process can be completed and the account can be obtained as quickly as the same day.
Future profit-sharing withdrawals will be transferred to your OANDA brokerage account for withdrawal.
- OANDA PROP TRADER (prop account): Used for all trade orders, challenges, and proprietary account-related operational settings
- OANDA Global Markets (brokerage account): Used for KYC, withdrawals, and brokerage account-related operational settings
OANDA PROP TRADER Profit Sharing
OANDA PROP TRADER profit sharing varies depending on the account type.
Classic 帳戶均為 80%；Boost 首次為 80%、後續為 90% 的利潤分成。
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 made to the OANDA Global Markets account (OANDA brokerage account) established during KYC after passing the challenge. Profit sharing withdrawals are all made from the OANDA brokerage account.
OANDA PROP TRADER Retake Discount
Classic 模式 5K~50K 享有 20% 重新挑戰優惠；100K~500K 享有 10% 重新挑戰優惠。
For example：
Trader A 購買 $50K 帳戶，花費 $299 的挑戰費用，但最後未能通過。
他可以選擇購買新的挑戰時使用 8 折優惠，獲得新挑戰費用 $59.8 的折扣，最後花費 $239.2 購買新挑戰。
Whether the challenge fails in stage 1 or stage 2, the discount applies.
OANDA PROP TRADER Prop Firm Trading Platform
The trading platform provided is MT5. You can find the platform download in the client backend interface on the left side. Below, we also provide the download link for the OANDA PROP TRADER version of MT5.
Desktop Trading Platform
Mobile Trading Platform
OANDA PROP TRADER Pros and Cons
- OANDA PROP TRADER Pros
- Backed by liquidity support from the established broker OANDA
- No Time Limit Challenge
- The payment cycle is 14 days biweekly
- Support traditional Chinese, easy to operate
- OANDA PROP TRADER Cons
- Restrictions on customers in some regions
- Newly established, ability to successfully withdraw funds yet to be verified
OANDA PROP TRADER Prop Firm Quick Links
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Risk Warning:
Forex and Contract for Difference (CFD) margin trading carries a high level of risk and may not be suitable for everyone. The high degree of leverage can work against you as well as for you. Before deciding to trade forex and CFDs, you should carefully consider your trading objectives, level of experience, and risk appetite. You may sustain a loss of some or all of your initial investment. You should be aware of all the risks associated with forex and CFD trading, and seek advice from an independent financial advisor if you have any doubts.
Please note that before deciding to purchase any retail proprietary trading firm challenge, you should carefully consider the company's challenge trading objectives, drawdown risks, and various rules. You may lose part or all of your initial funds used to purchase the challenge account.
Some proprietary trading firms (Prop Firms) provide all accounts to clients with virtual funds in simulated accounts. All trades are conducted only in a simulated environment. For details, please refer to the announcements on the official websites of each prop firm.
