To improve the trading experience for all of our clients, OANDA Prop Trader is now introducing an updated pricing model for metals and FX. These changes are a direct result of our focus on clients' feedback and commitment to providing a trading environment that empowers traders to reach their full potential.
We are pleased to announce further upgrades to the OANDA Prop Trader program, following the revamped Boost plan, which features increased profit share and static drawdown. To improve our clients' trading experience, we are now introducing an updated pricing model for metals and FX.
These changes are a direct result of our focus on clients' feedback and commitment to providing a trading environment that empowers traders to reach their full potential.
What are the changes?
While the previous pricing model was based on the spread only, the new model separates the spread from the commission, providing greater transparency into trading costs. Traders benefit from significantly tighter spreads (starting from 0.1 on gold) and only need to pay a fixed commission starting from USD7 per round lot.
Please refer to the illustration below. For the latest live prices, visit our Trading Instruments page.
Illustration of spread changes. (The prices above are only for reference.)
How do the changes benefit traders?
With tighter spreads, traders can allocate more resources to capturing market opportunities, potentially profit from tight market conditions and volatility and improve their risk-to-reward ratios. This pricing structure makes OANDA Prop Trader more competitive, giving traders greater value for their investment.
To learn more about how the changes can benefit you as a trader, visit our FAQ page.
New OANDA Prop Trader Community
In line with our client-centric approach, we are also launching our own OANDA Prop Trader Community. The community aims to provide a platform for traders of all levels, to interact, share ideas and access the latest market news and analysis. This community fosters a vision where every trader who aspires to trade smarter can thrive.
Crystal Lok, Head of Emerging Markets, OANDA, said, “We are excited to launch our new community platform, powered by Rockqet. Trading, including prop trading, can sometimes feel like a lonely endeavour. This community can be a game changer for our clients, allowing them to leverage interactions and resources to power up their trading strategies. The new pricing model is another change under our ‘You asked, we listened’ approach. This change significantly reduces spreads, improving the trading experience."
