Is OANDA Prop Trader a legitimate prop firm?

Yes, OANDA Prop Trader is a legitimate proprietary trading firm founded in 1996 and based in MT. They hold a 3.5/5 rating on Trustpilot based on 481 reviews. As with any prop firm, we recommend reading their terms and conditions carefully before purchasing a challenge.

How much does a OANDA Prop Trader challenge cost?

OANDA Prop Trader offers 6 different challenge options. Prices range from $35 for a $5,000 account to $2400 for a $500,000 account. Check our challenge comparison table above for detailed pricing.

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OANDA Prop Trader

Name: OANDA Prop Trader
Brand: OANDA Prop Trader
Rating: 3.5 (481 reviews)

Active Promotion

Gavin Bambury🇲🇹Malta London Founded 1996CFD

3.5(481)

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Profit Split

80%

Max Alloc.

$500,000

Payout Frequency

On-demand

Challenge Types

1 types

Trustpilot

3.5/5

Active Promotion

30% OFF for new users, 15% OFF for returning users - Code: HUNTERS

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Firm Overview

OANDA Prop Trader is a proprietary trading firm that provides an opportunity for traders to manage virtual capital and retain 80% of the profits. Backed by OANDA, a company with a 25-year history, the firm offers challenges with attainable profit targets and a static drawdown of 10%.

CEO / Founder

Gavin Bambury

Headquarters

London

Regulation

OANDA Assessments Limited Company Registration Number: C 106331, 171, Old Bakery Street, Valletta, VLT 1455, Malta

Broker

OANDA

Contact

support@ftmo.com

Payment Methods

Credit Card, Debit Card, Bank Transfer

Instruments & Assets

Instrument Type

CFD

Assets Available

ForexCryptoIndicesMetalsEnergiesStocks

Platforms Supported

MT5

Leverage

Asset Class	Leverage
forex	1:100
metals	1:50
indices	1:50
commodities	1:50

Commissions & Spreads

Spread Type

Raw spreads from 0.0 pips

Asset Class	Commission
forex	$7/lot
metals	$7/lot
indices	$0
commodities	$0

Consistency Rules

2% daily max profit during assessment phases.

Trading Conditions

Risk Management

Max Daily Drawdown5%

Max Total Drawdown10%

Profit TargetPhase 1: 5%, Phase 2: 5%

Min Trading Days3 days

Trading Permissions

News Trading

Not Allowed

Weekend Holding

Allowed

EA/Bots AllowedN/A

Copy Trading

Restricted

Restricted (Copying from the account to other non-OANDA companies and 3rd parties is not restricted. However, copying into the OANDA account from OANDA Brokerage accounts, or from external companies or from other 3rd party service or platforms is not allowed and would be considered hard breach, resulting in account closure)

Trading Restrictions

No trading during high-impact news

Max Accounts

$400,000 in simulated funds (prior to scaling) per trader or strategy at any given time.

Challenges6

2-Step

Account Size	Steps	Profit Target	Daily Loss	Max Loss	Profit Split	Cost per $1K	Price
$5,000	2 Steps	5% / 5%	5%	10%	80%	$7.00/K	$35.00$50.00
$10,000	2 Steps	5% / 5%	5%	10%	80%	$6.00/K	$60.00$85.71
$50,000	2 Steps	5% / 5%	5%	10%	80%	$5.98/K	$299.00$427.14
$100,000	2 Steps	5% / 5%	5%	10%	80%	$5.99/K	$599.00$855.71
$200,000	2 Steps	5% / 5%	5%	10%	80%	$6.00/K	$1200.00$1714.29
$500,000	2 Steps	5% / 5%	5%	10%	80%	$4.80/K	$2400.00$3428.57

Payouts

Profit Split80%

Payout FrequencyOn-demand

Minimum PayoutNo minimum

Withdrawal Methods

Bank TransferCrypto

Refund Policy

Full refund on first payout

Scaling Plan

Scale up to $2M after 4 months of consistent profitability.

Restricted Countries

North Korea Iran Syria Cuba Myanmar Russia Belarus United States

This list may not be exhaustive. Always verify on the firm's official website.

Frequently Asked Questions