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What is prop trading?

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.

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Big Challenge. Big rewards.

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Challenge levels up to $500,000

Put your skills to the test. Choose your Challenge and test your trading strategies with up to $500,000 in virtual funds.

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Access All Assets

FX? CFDs: 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.

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Up to 90% profit share

Pass the Challenge and unlock an OANDA Prop Trader account – with a chance to earn up to a 90% share of the profits.

Three simple steps
Three simple steps to prop trading
Choose your tier. How adventurous are you? You can take our Challenge with as little as $169.
Take the Challenge. You think you’re a smart trader – now it’s time to prove it.
Level up your trading. Pass both Challenge Phases and unlock the chance to virtually trade in an OANDA Prop Trader account.
Image 10k Challenge 672x672
Fee $169
Virtual funding level $10,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Profit share 80%
titanium challange
Fee $249
Virtual funding level $25,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Minimum trading days (Phase 1) 0
Minimum trading days (Phase 2) 0
Profit share 80%
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Challenge@2x
Fee $299
Virtual funding level $25,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Profit share 90%
Silver
Fee $399
Virtual funding level $50,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Profit share 80%
Image Lucky 888 Challenge
Fee $888
Virtual funding level $188,888
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Profit share 88%
Gold
Fee $699
Virtual funding level $100,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Retry discount 80%
Platinum
Fee $1,200
Virtual funding level $250,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Retry discount 80%
Black
Fee $2,400
Virtual funding level $500,000
Phase 1 profit target 8%
Phase 2 profit target 5%
Daily loss limit 5%
Maximum drawdown 10%
Maximum leverage 100:1
Retry discount 80%
Smart tools for smart traders

With insights from our in-house experts, educational articles and tools to build your trading strategies, the OANDA Labs blog is an essential resource for smarter traders.

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Your skills. Our skills. Combined.

You’re not the only one bringing expertise to the table. With 25 years of experience in trading on the global stage, we’re a firmly established entity with a track record for constant innovation and an eye for the most talented traders.

Does that sound like you?

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Frequently Asked Questions
Basic Information

What is the OANDA Prop Trader Program?