OANDA Prop Trader Review 2025

Looking for a trusted prop trading firm in 2025? Read this detailed OANDA Prop Firm Review. Explore funding options, profit splits, trading rules, platforms, pros, cons, and more!

Introduction: Why OANDA Prop Firm Stands Out in 2025

Since 1996, OANDA has built a reputation as one of the most trusted brokers in the world. In 2025, OANDA’s entry into the prop trading industry via the OANDA Prop Trader Program sets a new standard for transparency, fairness, and opportunity. Whether you’re a beginner or a seasoned professional, this prop trading program offers a powerful platform to scale your trading career without risking your own funds.

How the OANDA Prop Trading Model Works

The OANDA Prop Firm Program allows traders to manage virtual capital accounts after passing a two-phase evaluation. In return, traders earn up to 90% of the profits they generate.

Key Highlights:

Traders risk no personal money.
OANDA benefits by sourcing winning strategies.
Successful traders enter a profit-sharing agreement, keeping 80%-90% of earnings.

Evaluation Process: What Traders Need to Know
The evaluation is divided into two strict but achievable phases:

Phase 1

Profit Target: 8% (Classic accounts), 10% (Boost accounts)
Max Daily Loss: 5%
Max Drawdown: 10% (Trailing or Static, depending on account type)
Daily Profit Cap: 5%

Phase 2

Profit Target: 5%
Tighter daily profit cap: 2%

Important Rules:

No minimum trading days are required.
News trading is restricted around major releases.
Violations of loss limits result in automatic disqualification.

More detailed trading rules can be found directly at the OANDA Prop Trader Rules page.

Funding Options and Account Types

OANDA offers two account structures for aspiring prop traders:

Classic Accounts

Funding from $5,000 to $500,000.
Evaluation fees range from $35 to $2,400.
Profit Split: 80% standard.
Capital from different accounts can be merged (up to $500,000).

Boost Accounts

Funding from $10,000 to $100,000.
Evaluation fees from $99 to $699.
Profit Split: Starts at 80%, increases to 90% after the first payout.
Boost accounts cannot be merged.

Fee Refund
Evaluation fees are refunded after the first successful payout.

Trading Platforms and Conditions

OANDA offers access to MetaTrader 5 (MT5), one of the top trading platforms globally.

Trading Features:

Spreads: From 0.0 pips on major forex pairs.
Leverage: Up to 100:1 (Forex, Gold) and 50:1 (Indices, Commodities).
Execution Speed: Ultra-fast with low latency — perfect for scalpers and algo traders.

Tradable Assets:

Forex Majors, Minors, Exotics
Global Indices
Commodities (Gold, Oil, etc.)
Cryptocurrencies (available based on server selection)

Find the full list of tradable instruments at OANDA Prop Trader Instruments.

Prop Firm Trading Rules: Important to Follow

Risk Management

Max Daily Loss: 5%
Max Drawdown: 10%
Daily Profit Limit: 5% in Phase 1, 2% in Phase 2

Other Key Rules

No mandatory stop loss required.
Overnight and weekend holding allowed.
Limited news trading: Avoid trades 2 minutes before and after major releases.
Inactivity policy: 30 days without trading results in account closure.
Copy trading: Allowed only from OANDA Prop Master Accounts (not external).

For a full breakdown, visit the OANDA Prop Trader Challenge Rules.

Available Jurisdictions

Antarctica
Antigua & Barbuda
Argentina
Armenia
Aruba
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia & Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Cape Verde / Cabo Verde
Central African Republic
Chile
China
Cocos (Keeling) Islands
Colombia
Comoros
Cook Islands
Costa Rica

Curaçao
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Ethiopia
Fiji
Gambia
Georgia
Germany
Ghana
Greenland
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Honduras
Iceland
Indonesia
Israel
Jamaica
Jordan
Kazakhstan
Kiribati
Kosovo
Kuwait
Kyrgyzstan

Lesotho
Liberia
Macau
North Macedonia
Madagascar
Malawi
Malaysia
Maldives
Marshall Islands
Mauritius
Gabon
Mexico
Micronesia
Moldova
Mongolia
Montenegro
Morocco
Nauru
New Caledonia
Niger
Niue
Oman
Palau
Papua New Guinea
Paraguay
Peru
Philippines
Pakistan
Qatar
Rwanda
SaintHelena

Sao Tome & Principe
Saudi Arabia
Saint Kitts & Nevis
SaintLucia
Saint Vincent & the Grenadines
Samoa
Serbia
Seychelles
SierraLeone
Solomon Islands
Somalia
South Africa
Sri Lanka
Suriname
Swaziland
Taiwan
Tajikistan
Timor-Leste
Tonga
Tokelau
Tunisia
Turkmenistan
Tuvalu
Ukraine
United Arab Emirates
Uzbekistan
Vietnam
Wallis & Futuna Island
WesternSahara
Zambia

Educational Resources and Community Support

OANDA backs traders with a powerful support ecosystem through:

24/5 Dedicated Prop Desk Support
Prop Trader Community Platform
OANDA Labs and MarketPulse for real-time market research
Webinars and training events to keep skills sharp

This trader support structure is one of the reasons why OANDA is considered among the best prop trading firms for forex today.

Pros and Cons of OANDA Prop Firm

Pros

Trusted Brand: 25+ years of financial excellence.
Realistic Targets: 8%-10% Phase 1, 5% Phase 2.
High Payouts: 80% to 90% profit share.
Flexible Trading: Hold positions overnight, use EAs, scalping allowed.
Fast Payouts: Withdraw profits every 14 days.
Educational Advantage: Continuous access to market research and learning content.

Cons

Two-Phase Evaluation: Slower than single-step evaluations.
Daily Profit Caps: Restricts ultra-aggressive day traders.
Limited Jurisdiction Availability: Some country exclusions apply.

Capital Limit: Maximum funding capped at $500,000.

Final Verdict: Is OANDA the Best Prop Firm in 2025?

The OANDA Prop Firm Program delivers a powerful combination of credibility, transparency, and opportunity. It is ideal for traders looking for realistic targets, strong funding options, high payouts, and an excellent trading environment.

For disciplined traders aiming for a real professional trading career without risking personal savings, OANDA is one of the best prop trading firms in 2025. If you’re ready to dive into their ecosystem and access the dashboard, create your client profile here.

✅ Highly Recommended for beginner, intermediate, and advanced traders alike.