OANDA Prop Trader is a proprietary trading firm established in 1996, headquartered in London, and regulated under OANDA Assessments Limited in Malta. It offers traders the opportunity to trade CFDs across multiple asset classes including Forex, Crypto, Indices, Metals, Energies, and Stocks via the MT5 platform. The firm's evaluation process involves a two-step challenge with profit targets of 5% in each phase and a static total drawdown limit of 10%, alongside a 5% max daily drawdown. Traders retain 80% of profits with a maximum funded allocation of $500,000 initially, scalable up to $2,000,000 after four months of consistent profitability. Payouts are available on-demand through bank transfer or cryptocurrency, with no minimum payout threshold and a full refund offered on the first payout. OANDA Prop Trader has a Trustpilot rating of 3.5 out of 5 from 481 reviews, reflecting a moderate reputation. Distinguishing features include a relatively high profit split, a scaling plan for increased capital, and a broad range of accepted payment methods, though it restricts news trading and imposes consistency rules during the assessment phases.