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Press Release
Good news for prop traders: OANDA have introduced more compelling trading and challenge conditions for 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 OANDA have made the assessment more flexible, and 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. They 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 likeÂ
- Profit targets of 8% in the first assessment phase.Â
- 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.
OANDA believe that these changes will allow us to provide even more talented prop traders with an opportunity to thrive in the financial markets.
OANDA are constantly listening to their prop traders and reviewing our offering so we can give them the most competitive conditions possible. Next, they plan to introduce new and exciting Challenges to cater to a variety of trading styles and appetites for risk.Â
For more information on OANDAs 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 their press release here.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.