OANDA Unveils Prop Trading Program With A 75% Profit Share

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Written By
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Written By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.

OANDA Labs Trader provides funded accounts to skilled traders who can earn a 75% share in profits.

Key Takeaways

  • There are 5 routes to funding, known as Challenges, with each consisting of 2 Phases.
  • You need to hit a profit target of 10% in Phase 1 and 5% in Phase 2, amongst other objectives.
  • You can participate for a minimum fee of $249 though a 20% discount is available to retake any Challenge.
  • OANDA Labs Trader is available through OANDA’s Global Markets division, a company regulated in the British Virgin Islands.

How OANDA Labs Trader Works

Choose a challenge and prove you have the skills in a demo environment:

OANDA Labs Trader Challenge Comparison
Challenge Virtual Funds Fee
Titanium $25,000 $249
Silver $50,000 $399
Gold $100,000 $699
Platinum $250,000 $1,200
Black $500,000 $2,400

Regardless of which Challenge you select, you must reach a 10% profit target in Phase 1 and 5% in Phase 2.

Each Phase has a daily loss limit of 5% and a maximum drawdown of 10%. The maximum leverage available is 1:50.

OANDA Labs Trader news

The broker’s full range of tradable assets are supported, including CFDs, forex, commodities and indices.

You can trade on either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, both of which are great for day trading strategies.

After passing a challenge, you will need to verify your ID and provide proof of address. Then you can open an account with OANDA Global Markets, which is where any profits will be distributed.

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.