Prop Firm Pick

Oanda Discount Code

OANDA Prop Trader delivers a professionally structured prop‑trading experience with strong regulatory backing, clear challenge phases, and attractive profit splits (up to 90%). It’s ideal for disciplined Forex/commodity traders who prefer shorter challenge periods, reliable payouts, and a reputable broker behind them.

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10% OFF

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Country
Malta
Review
Year Created
2024
CEO
Gavin Bambury

Firm Overview

Broker:
OANDA Global Markets
Platforms:
MT5

Consistency Rules

Daily Max Profit Rule The Daily Max Profit rule applies only during Phase 1 and Phase 2 of the evaluation. There are no consistency rules once the trader successfully passes the evaluation. Phase 1: 5% Daily Max Profit Phase 2: 2% Daily Max Profit No trading day should exceed the respective Daily Max Profit limit during the evaluation phases. If an account reaches the daily profit limit on any given day, all open positions will be closed automatically, and trading will be disabled for the remainder of the day. Trading will resume the following day.

Firm Rules

Expert Advisors (EAs)

  • Traders may use EAs, scripts, and indicators.
  • Copy trading is not allowed.
  • EAs engaging in price or latency arbitrage, or other prohibited trading behaviors, are strictly forbidden (refer to the applicable terms and conditions).

News Trading

  • No opening or closing of trades within a 4-minute window (2 minutes before and 2 minutes after major news releases) excluding stop loss and take profit orders triggered.

Copy Trading

  • Not allowed between multiple accounts or within the OANDA Prop Trader program.
  • Copying to non-OANDA accounts and third parties is permitted.

Daily Max Profit (Consistency Trading Rule)
During the 2 assessment phases for "Boost & Classic Challenges":

  • Phase 1: 5% daily max profit
  • Phase 2: 2% daily max profit
  • This rule does not apply once a Prop Trading account is allocated.

Inactivity Rule

  • 30 consecutive days of inactivity (no trades placed) results in a hard breach.
  • The Challenge account will be closed upon breach.

Min Trade Size

  • 0.01 lot for FX, Metals
  • 1 lot for 1 CFD index

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Payout Policy

Profit Split

  • Classic Program: 80%
  • Boost Program: 80% for the first payout, increasing to 90% for subsequent payouts

Minimum Payout

  • Classic Accounts: $200
  • Boost Accounts: 2% of the initial balance

Payout Frequency:

  • Every 14 days"

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