OANDA Prop Trader at a glance
OANDA Prop Trader is a proprietary trading firm based in Malta, in business since 2024.
- programmes, across 1 plan
- 1
- Cheapest plan
- $599
On the record
- Based in
- Malta
- Founded
- 2024
- Chief executive
- Gavin Bambury
- Trades through
- OANDA Global Markets
- Instrument types
- Cfd
Pay for a plan with
- AlipayHK
- Apple Pay
- Astropay
- blbAstopay
- Credit/Debit Card
- Crypto
- Google Pay
- OXXO
- Pix
- PSE
- SPEI
- Touch 'n Go eWallet
- TrueMoney
- UnionPay
- Webpay
- Bank Wire Transfer
Get paid by
- Bank Wire Transfer
- Neteller
- Skrill
- Wise
What OANDA Prop Trader sells
1 plan in 1 programme: 1 two-step evaluation.
2-stepGold - 2-Steps 100K2-step
The rules
- Payout schedule
- 14 Days
On this programme
- News tradingNot allowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Leverage by market
Leverage runs from 1:50 on Metals to 1:100 on FX, depending on the programme.
| Market | 2-step |
|---|---|
| FX | 1:100 |
| Metals | 1:50 |
| Energy | 1:50 |
| Indices | 1:50 |
| Other Commodities | 1:50 |
How OANDA Prop Trader pays
Payouts are made by Bank Wire Transfer, Neteller, Skrill, and Wise.
- Payout methods
- 4
- Payout schedules stated
- 1
Paid out by
- Bank Wire Transfer
- Neteller
- Skrill
- Wise
Payout schedules, in the firm’s words
14 Days
Gold - 2-Steps 100K
Payout policy
Payout Policy
\n- \n
- Profit Split: 80% \n
- Minimum Payout: $50 \n
- Payout Frequency: Every 14 days \n
What you can trade
5 asset classes, traded as CFDs.
Asset classes
- FX
- Metals
- Energy
- Indices
- Other Commodities
Instrument types
- CFDs
Trading costs
A commission is charged on every market; the per-lot figures are below.
- FX
- Metals
- Energy
- Indices
- Other Commodities
What OANDA Prop Trader lets you do
Across all 1 plan, as recorded programme by programme.
- News tradingNot allowed on any plan
- Copy tradingNot allowed on any plan
- Expert advisors (EAs)Allowed on every plan
- Weekend holdingAllowed on every plan
- Overnight holdingAllowed on every plan
- Stop lossNot required on any plan
Consistency rules
Daily Max Profit (Consistency trading rule)
\n- \n
- 5k - 200k: Phase 1: 2% daily max profit \n
- 500k: Phase 1: 5% daily max profit \n
- All account sizes: Phase 2: 2% daily max profit \n
Firm rules
Expert Advisors (EAs)
- Traders may use EAs, scripts, and indicators.
- Copy trading is not allowed.
- EAs engaging in price or latency arbitrage, or other prohibited trading behaviors, are strictly forbidden (refer to the applicable terms and conditions).
News Trading
- No opening or closing of trades within a 4-minute window (2 minutes before and 2 minutes after major news releases) excluding stop loss and take profit orders triggered.
Copy Trading
- Not allowed between multiple accounts or within the OANDA Prop Trader program.
- Copying to non-OANDA accounts and third parties is permitted.
Inactivity Rule
- Inactivity over 30 calendar days is a hard breach: users who are inactive (no trades placed) for 30 consecutive days lose Challenge account access, and the account is closed.
Min Trade Size
- 0.01 lot for FX, Metals
- 1 lot for 1 CFD index
Where OANDA Prop Trader does not take traders
Residents of 95 countries cannot open an account with OANDA Prop Trader.
- Afghanistan
- Albania
- Algeria
- Andorra
- Angola
- Australia
- Austria
- Belarus
- Belgium
- British Virgin Islands
- Bulgaria
- Burkina Faso
- Cambodia
- Cameroon
- Canada
- Cayman Islands
- China
- Christmas Island
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- Croatia
- Cuba
- Cyprus
- Czech Republic
- Democratic Republic of the Congo
- Denmark
- Estonia
- Falkland Islands
- Finland
- France
- Germany
- Gibraltar
- Greece
- Guam
- Haiti
- Hungary
- India
- Iran
- Iraq
- Ireland
- Italy
- Ivory Coast
- Japan
- Jersey
- Laos
- Latvia
- Lebanon
- Libya
- Liechtenstein
- Lithuania
- Luxembourg
- Mali
- Malta
- Monaco
- Montserrat
- Mozambique
- Myanmar
- Namibia
- Nepal
- Netherlands
- Nicaragua
- Nigeria
- North Korea
- North Macedonia
- Norway
- Pakistan
- Palestine
- Panama
- Poland
- Portugal
- Puerto Rico
- Republic of the Congo
- Romania
- Russia
- San Marino
- Senegal
- Singapore
- Slovakia
- Slovenia
- Somalia
- South Sudan
- Spain
- Sudan
- Sweden
- Switzerland
- Syria
- Tanzania
- Trinidad and Tobago
- Turkey
- Uganda
- United Kingdom
- United States
- Vanuatu
- Vatican City
- Venezuela
- Yemen
- Zimbabwe
Prop firms worth comparing
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