Good news for prop traders: we have introduced more compelling trading and challenge conditions for our OANDA Labs Prop Trader offering.
Recent disruptions in the prop firm space may have left prop traders looking for a new, trustworthy firm to partner with. The improved challenge conditions mean that we have made the assessment more flexible, and we now offer higher profit sharing to give traders a better deal with limited downside. This is in addition to their ability to continue using Meta-based platforms and have a reliable payout system when they are owed a profit share.
From today, prop traders who complete a Challenge with OANDA Labs Prop Trader can unlock an 80% profit share as a signal provider. We have also reduced the profit targets for our Challenge qualification stage and waived the minimum number of trading days, so skilled traders could now pass the challenge and become signal providers in as little as two to three days.
Here’s what the advantages of the new trading conditions look like
- Profit targets of 8% in the first assessment phase.
- No minimum trading days to qualify.
- Profit sharing of 80% once onboarded as an OANDA Labs Trader.
- Leverage of 100:1.
- Prop traders receive their profit share AND a refund of their challenge fees on the first payout in their OANDA Global Markets' account.
We believe that these changes will allow us to provide even more talented prop traders with an opportunity to thrive in the financial markets.
We’re constantly listening to our prop traders and reviewing our offering so we can give them the most competitive conditions possible. Next, we plan to introduce new and exciting Challenges to cater to a variety of trading styles and appetites for risk.
For more information on our prop trading program and how traders can take the next step to become signal providers, visit the OANDA Labs Prop Trader website.
To read more about the launch of OANDA Labs Prop Trader, access our press release here.
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About OANDA
Founded in 1996, OANDA is one of the world's leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe.
From its roots providing free exchange rate data on the Internet to launching a forex trading platform that helped pioneer web-based currency trading, OANDA remains dedicated to building smarter trading experiences.
With regulated entities in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. Depending on geographical location, these may include derivatives of global market indices, equities, commodities, treasuries, precious metals, forex, and cryptocurrencies.
For more information visit https://www.oanda.com/group/ or follow OANDA on LinkedIn.
