It is very important for prop traders to find the right partner when on their prop trading journey.

Prop Traders should seek proprietary trading firms that offer top-notch training, leading-edge technology, a secure withdrawal process, direct licensing with MetaQuotes and substantial trading capital.

It’s also crucial to look for firms that have their own technology and liquidity arrangements, and are not subject to the whims of a broker. Additionally, one should prioritise firms with equitable profit-sharing models that do not rely on a contractor payroll firm for payment, as these arrangements have proven unreliable for some firms

Look for prop firms that have a history and a proven track record of innovation and reliability in the trading industry. Choosing a stable and recognised provider is more important now than it has ever been.

It's always best to work with trusted providers that have high operational standards and, wherever possible, are supported by regulated entities, ensuring transparency and trustworthiness for their clients.

Prop firms that have a presence in multiple countries have a deep understanding of global markets and can offer diversified trading opportunities, and global support.

Firms that provide a wealth of educational resources and tools to help clients improve their trading skills and knowledge can prove to be valuable partners.

Transparent pricing and execution is absolutely essential. This means ensuring that clients have access to accurate and up-to-date information.

It’s also worth looking at awards that firms have received for their services and products, as accolades speak volume about the quality of the trading experience they offer to clients.

Choose a provider with a viable and sustainable business model. Many providers have experienced significant operational disruptions in the recent months. This disruption appears to be driven by MetaQuotes, the developer of the popular MetaTrader platform family. MetaQuotes appears to be concerned about how some of the brokers who license their platforms have made them available to prop firms. This seems to be related to concerns MetaQuotes has with the “grey labeling” of the MetaQuotes platforms.

There have also been significant interruptions of payments to successful prop traders, as certain prop trading firms were fully reliant on third party contractor payment platforms, some of which did not actually understand the business they were supporting.

All this can be avoided by selecting the right partner.

Overall, every choice matters in trading. Choosing the right strategy, the right investment at the right time – and the right prop trading partner. Whether you’re a seasoned trader or just starting out, you need to know that you can trust your prop firm to be responsive and dependable when it counts.

Prop trading is a great way for aspiring traders to find out if trading is for them – or for experienced traders, it offers the opportunity to trade with higher levels of funding, sophisticated technologies and a wealth of market data. And that’s exactly what the OANDA PropTrader Challenge brings to the table.

When it comes to prop trading, we’re a fully self-sufficient prop trading firm, so we don’t need to depend on or rely on broker partners, which helps reduce risks and makes the OANDA Prop Challenge the smart choice for smart traders.

It’s a prop trading program that offers you the chance to trade using virtual funds when you complete a Challenge. There are eight levels to choose from, starting from our $169 10K Challenge which gives you a virtual funding allocation of $10,000, right through to our Black Challenge with $500,000 of virtual funds to trade with.

Pass the two-phase Challenge and we’ll set you up as an OANDA Prop Trader – that means that you’ll be a signal provider with a regulated entity, with a share of upto 90% of any profits you make, depending on the challenge you choose. After that, the only limit is your prop trading skills.

It’s the smart move for smart traders. We’re ready when you are