OANDA Prop Trader

OANDA Prop Trader Review

Company Overview and Information

OANDA Prop Trader is the company’s Prop Trading program, launching in 2024, designed to give traders access to a virtual trading account with up to $500,000 of capital without using their own funds.

The program is operated by OANDA Assessments Limited, a company registered in Malta. Traders who pass the two-stage assessment system are eligible to receive up to 90% profit share.

The program is an extension of the global brokerage brand OANDA, which has over 25 years of industry experience and regulatory licenses in 8 countries.

Funded accounts are available through the MetaTrader 5 (MT5) platform and are ideal for experienced traders who want to expand their trading without risking their own funds.

Licensing and Registration

OANDA Prop Trader is operated by:

• Company name: OANDA Assessments Limited

• Legal entity registration number: C 106331

• Registered Address: 171, Old Bakery Street, Valletta, VLT 1455, Malta

• Registration date: 7 September 2023

• Company status: In Progress (data from Malta Business Registry)

Although the OANDA brand as a whole is licensed in several countries around the world, the OANDA Prop Trader program operates as a Prop Trading, which is subject to internal terms and conditions, rather than being subject to traditional financial regulatory regimes.

This is a normal practice for Prop Trading companies, where traders trade using virtual capital according to the rules and profit sharing structure specified.Participants should read the terms and conditions of risk management carefully before starting to participate in the program.

Awards and recognition

At the 2025 Prop Firm Awards, OANDA Prop Trader took home awards in several categories, including:

• Best MetaTrader 5 Prop Firm

• Best Prop Firm for Beginners

• Best Prop Firm for High Leverage

These awards reflect a user-friendly structure, robust systems and conditions suitable for traders of all levels.

Funded Account Structure

The program uses a two-stage assessment system:

• Phase 1: Maximum daily profit limit is 5%.

• Phase 2: Maximum daily profit limit is no more than 2%.

Once traders pass both phases, they will receive a funded account and can withdraw profits every 14 days.

Account types available

Classic Account

• Profit share: 80%

• Minimum withdrawal: $200

Boost Account

• Profit Sharing: Starts at 80% (first time) and increases to 90% on subsequent withdrawals.

• Minimum withdrawal: 2% of the initial amount
  
  
  

Profit sharing and payment terms

• Profit sharing: Up to 90% depending on account type

• Profit payout cycle: Every 14 days

• Payment methods: Bank Wire, Neteller, Skrill

These conditions make OANDA Prop Trader competitive in the Prop Trading market, especially among traders who want to generate recurring and flexible income.

Assets available for trading and fees

Types of trading tools: CFD (Contracts for Difference)

• Supported Markets:

  • Forex (Currency Pairs)

  • index

  • Commodities (metals and energy)

• Minimum lot size:

  • Forex & Metals: 0.01 lot

  • Index: 1 lot

• Commission:

  • Forex & Metals: $7 per turnover per lot

  • Indices & Commodities: No Commission

Trading platforms and tools

Platform used: MetaTrader 5 (MT5)

• Tools and resources:

  • Market Analysis

  • Trading tools

  • Learning content

  • Advanced analysis and indicators system

OANDA Prop Trader supports the use of Expert Advisors (EAs), scripts and indicators, with specific limitations for High-Frequency or Arbitrage strategies.

Trading rules and restrictions

The important rules used during the evaluation period are:

• Maximum daily profit rule:

  • Phase 1: 5%

  • Phase 2: 2%*If it exceeds this amount, the system will temporarily stop trading for that day.

• News trading restrictions:

  • Do not open or close orders within 2 minutes before or after major news.

  • The system will still allow SL/TP to operate normally.

• Copy Trade Rules:

  • Copy Trade between OANDA Prop Trader accounts is prohibited.

  • Can be copied to external accounts or third parties.

• Law of Inactivity:

  • Accounts that are inactive for more than 30 consecutive days will be permanently closed.

Payment channels

• Top-up channels
  AlipayHK, Apple Pay, Credit/Debit Card, Cryptocurrency, Google Pay, OXXO, SPEI, Touch ‘n Go, TrueMoney, UnionPay, Bank Transfer

• Payment channels
  Bank Wire, Neteller, Skrill

Customer and community support

• Main website:https://proptrader.oanda.com

• User community:https://proptrader-community.oanda.com

• Contact channels: Email[email protected]

• Supported languages: English, Chinese, Thai, Spanish

Conclusion

OANDA Prop Trader is another option for traders who want access to large funds without risking their own money. Through a clear evaluation system, a maximum capital account of $500,000 and a competitive profit share of 90%.

Although the program is not directly regulated by the financial regulator, it leverages the experience and credibility of the OANDA brand, which has been in business for over 25 years, to support traders who are primarily performance-oriented.

For those who understand the concept of Prop Trading and want a new option to expand their trading potential, OANDA Prop Trader may be an interesting option.
TrustFinance recommends that traders consider any program — including OANDA Prop Trader — based on its structure, transparency, and suitability for their trading goals.