OANDA Prop Trader Firm Review – What You Need to Know in 2025
OANDA Prop Trader launched in January 2024. It is based in the British Virgin Islands. OANDA runs it. It stands out for its high profit shares and access to advanced tools.
OANDA Prop Trader Best suited for:
- Beginners who want low fees:
- Traders who like no minimum days:
- People who use EAs:
- Those who want broker-backed support:
Pros of OANDA Prop Trader
Pros
Profit shares up to 90%:- Payouts every 14 days:
- Two challenge types:
- No minimum trading days:
- MT5 platform:
- Crypto payments:
Cons
How Does OANDA Prop Trader Work? (Step-by-Step Guide)
- Pick a challenge size and type
- Pay the fee
- Pass phase one with 5% profit
- Pass phase two with 5% profit
- Get your funded account
- Trade and request payouts
OANDA Prop Trader Account Types & Funding Options
- Classic challenges with trailing drawdown:
- Boost challenges with static drawdown:
- Account sizes from $5,000 to $500,000:
- Fees from $35 to $2,400 refundable on first payout:
- Scale up to $500,000 max:
Profit Targets & Payouts
- 5% target for both phases
- Payouts every 14 days
- Processing in 1 to 2 days
- Daily drawdown 5%
- Max drawdown 10%
- First payout after 14 days
Leverage & Trading Conditions
- Leverage up to 1: 100
- Low spreads from 0.0 pips
- $7 commission per lot
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- Swing trading
- Hedging
- News trading except 2 minutes before or after high-impact news
- EAs without arbitrage
- Holding overnight
Restricted Trading Strategies
Copy trading into prop account- Arbitrage
- High-frequency trading
- Trading in restricted news window
How Long Does It Take to Get Funded by OANDA Prop Trader?
- No minimum days to pass
- Max 120 days per phase
- Verification after passing
- Funding in 1 to 2 business days
How Long Has OANDA Prop Trader Been Around?
OANDA Prop Trader started in 2024. It has grown with crypto payments and giveaways. It won awards in 2025.
Who Owns OANDA Prop Trader? (Founder & Company Background)
OANDA Global Markets owns it. The company is in the British Virgin Islands. It has regulation from the FSC there.:
What Can You Trade with OANDA Prop Trader? (Supported Markets & Assets)
You can trade forex pairs. You can trade indices CFDs. You can trade commodities CFDs. You can trade metals. It uses MT5 platform.:
Does OANDA Prop Trader Offer Education & Trader Support? (Learning Resources & Coaching)
It offers tools on OANDA Labs. There are articles and guides. No coaching is there.:
How Good is OANDA Prop Trader’s Customer Support? (Response Time & Availability)
You can email them. They have live chat. They reply fast.:
Is OANDA Prop Trader a Scam or a Legit Prop Firm?
It is legit. It is part of OANDA group. It has regulation in BVI.
User Reviews & Community Feedback on OANDA Prop Trader
- Traders on X say it has fast payouts. On YouTube they like the tools.:
Alternatives to OANDA Prop Trader – How It Compares
- FTMO – good split and long history:
- FundedNext – high split and quick payouts:
- The 5%ers – no time limits and fast funding.:
Final Verdict – Should You Trade with OANDA Prop Trader?
OANDA Prop Trader is good for traders who want high shares. It has flexible rules. It is a top choice in 2025.
