built for you
Master trading with an award-winning prop firm, backed by a broker. Pass our industry-beating Challenges, get virtually funded and stand to cash out 80% of your profits.
Starting at $35 for our 5k Challenge and up to $2400 for our 500k Challenge. With up to 100:1 leverage and spreads starting from 0.0 pips, selecting the perfect challenge is simple.
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
3 days Max daily profit at 2% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
5% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of initial balance $250 |
5% of initial balance $250 |
5% of initial balance $250 |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% static $500 |
10% static $500 |
10% static $500 |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$432 (8.6%) |
Price:
$35
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
3 days Max daily profit at 2% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
5% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of initial balance $500 |
5% of initial balance $500 |
5% of initial balance $500 |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% static $1,000 |
10% static $1,000 |
10% static $1,000 |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$881 (8.8%) |
Price:
$60
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
3 days Max daily profit at 2% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
5% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of initial balance $2,500 |
5% of initial balance $2,500 |
5% of initial balance $2,500 |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% static $5,000 |
10% static $5,000 |
10% static $5,000 |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$3,048 (6.1%) |
Price:
$299
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
3 days Max daily profit at 2% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
5% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of initial balance $5,000 |
5% of initial balance $5,000 |
5% of initial balance $5,000 |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% static $10,000 |
10% static $10,000 |
10% static $10,000 |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$6,628 (6.6%) |
Price:
$599
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
3 days Max daily profit at 2% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
5% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of initial balance $10,000 |
5% of initial balance $10,000 |
5% of initial balance $10,00 |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% static $20,000 |
10% static $20,000 |
10% static $20,000 |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$13,700 (6.9%) |
Price:
$1,200
| Step 1 | Step 2 | OANDA Prop Trader | |
|---|---|---|---|
|
Take as much time as you need to hit your profit targets with unlimited trading periods. However, if you miss more than 30 days of trading, your account will be considered inactive and breached. Trading period |
Unlimited |
Unlimited |
Unlimited |
|
Each phase has a maximum daily profit limit. Once this limit is reached, trading will be disabled until the next trading day. This rule does not apply once you’re a certified OANDA Prop Trader. Minimum trading days (Consistency Rule) |
2 days Max daily profit at 5% |
3 days Max daily profit at 2% |
- |
|
Pass your Challenge by hitting the profit targets in each phase according to the set conditions. Once you complete Phase 1, you’ll receive a new account for Phase 2. Profit target |
8% |
5% |
- |
|
This is the maximum allowable daily loss for an account (including unrealised profits/losses and swaps) on any given day – tracked daily starting from 17:00 EST. When your losses exceed this, your account will be breached. Daily loss limit |
5% of previous EOD equity |
5% of previous EOD equity |
5% of previous EOD equity |
|
Throughout the whole Challenge, your account equity (including unrealised trades) should never drop below this limit. If you exceed this, your account will be breached. Maximum loss |
10% trailing from previous EOD balance |
10% trailing from previous EOD balance |
10% trailing from previous EOD balance |
|
To cash out your profits as a certified OANDA Prop Trader, please close all open positions and request for the payout. It will be sent to your OANDA Global Markets self-funded account which you can withdraw or use for trading. Profit share |
80% |
80% |
80% |
|
Wonder how other traders are doing? This shows the average total payout per account. With the right strategy, you could typically receive this financial reward – or maybe even more! Average reward |
|
|
$22,687 (4.5%) |
Price:
$2,400
New users enjoy: 30% off all Challenges, excluding the 500k Challenge
Existing user deal: 15% off all Challenges, excluding the 500k Challenge
With insights from our in-house experts, educational articles and tips to build your trading skills, the OANDA Labs blog is an essential resource for smarter traders.
What is Proprietary Trading?
Forex proprietary trading, commonly known as prop trading, entails participation in a funding program facilitated by forex proprietary firms. Traders who qualify through assessments conducted by these firms gain access to the firm's capital for executing forex trades.
Get insights on the analysis of market dynamics
Analyse the strength of support and resistance levels using Order and Position Books. Get insights on the analysis of market dynamics with powerful tools for a more robust trading strategy and to stay ahead of the market.
How do prop traders get their trading ideas?
For prop traders, generating quality trading ideas systematically is key to profitability. In this blog post, we discuss the top methods seasoned prop traders use to identify opportunities across markets, from stocks, futures, to forex.
Challenge levels up to $500,000
Put your prop trading skills to the test. Choose your Challenge and test your trading strategies with up to $500,000 in virtual funds.
Access all assets
CFDs: FX, commodities, precious metals, indices? Your call. We’ll give you access to virtually trade a wide range of assets, with pricing from our unmatched market relationships and trading infrastructure.
Earn an 80% profit share
Pass the Challenge and unlock an OANDA Prop Trader account — with a chance to cash out an 80% share of the profits.
Fee refund on first payout
Prove your skills as a prop trader. Make a profit and we’ll give you your Challenge fee back along with your first payout.
The Prop Trader Challenge is OANDA’s prop trading offering. If you’re new to the world of prop trading you might be wondering what it is, and how it’s different from standard trading. We’ve got the answers for you right here. And you can find out more about prop trading and the Challenge on our FAQ
Whatever type of trading you’re interested in, you need a partner you can trust.
As a fully regulated, award-winning broker with regulatory licenses held in eight jurisdictions, we’ve got over 25 years of experience of helping clients at every level on their trading journeys. And we’re still going strong.
And when it comes to prop trading, we’re a fully self-sufficient prop trading firm, so we don’t need to depend or rely on broker partners, which helps reduce risks and makes the OANDA Prop Trader Challenge the smart choice for smart traders.
We accept the following methods for buying challenges. Payment options may differ depending on your region and will be reflected at checkout.
