OANDA Prop Trader: Malta-Based CFD Prop Firm Since 2024
OANDA Prop Trader is the prop trading arm of OANDA, the globally recognized regulated FX broker. Based in Malta and launched in January 2024, OANDA Prop Trader brings institutional-level brand credibility to the retail prop trading space. It holds a 4.2 out of 5 review score from 51 trader reviews. The firm offers exclusively a 2-step evaluation structure, with five tiers named Standard, Silver, Gold, Platinum, and Black.
Account sizes span from $5,000 to $500,000. Pricing with the current discount: Black 500K at $1,680 (standard $2,400), Platinum 200K at $840 (standard $1,200), Gold 100K at $419.30 (standard $599), Silver 50K at $209.30 (standard $299), Standard 10K at $42 (standard $60), Standard 5K at $24.50 (standard $35). The $500,000 account size is among the largest single-account offerings available in the CFD prop sector.
OANDA Prop Trader operates exclusively on MT5, which is the only supported platform. Tradable instruments include FX, Metals, Indices, and Energy; notably, Crypto is not available. Leverage is competitive: FX at 1:100, Metals at 1:50, Indices at 1:50, Energy at 1:50 ā all on the 2-step model. News trading restrictions apply: no opening or closing of trades within a 4-minute window centered on major news events (2 minutes before and 2 minutes after). Weekend holding is not explicitly restricted in the firm data.
The profit split is 80% for all account tiers, with payouts processed every 14 days. The minimum payout is $50. Payout methods include Bank Wire Transfer, Neteller, Skrill, and Wise. OANDA Prop Trader accepts one of the broadest payment method selections of any prop firm, covering AlipayHK, Apple Pay, Astropay, Credit/Debit Card, Crypto, Google Pay, OXXO, Pix, PSE, SPEI, Touch n Go eWallet, TrueMoney, UnionPay, Webpay, and Wire Transfer ā reflecting OANDA's global retail broker infrastructure.
OANDA Prop Trader is the top choice for traders who prioritize a large, globally recognized brand with regulated brokerage backing, access to $500K accounts, and high FX leverage at 1:100. EAs using scripts and indicators are permitted; only price/latency arbitrage is prohibited. Copy trading between multiple OANDA Prop Trader accounts is not allowed, but copying to non-OANDA external accounts is permitted. Accounts inactive for 30 calendar days are hard-breached.
What we love
- Industry's easiest drawdown rules
- High legacy trust (Millions paid)
- Trade multiple accounts simultaneously
Considerations
- Trailing drawdown is always active
- Dashboard can feel a bit technical
The Verdict
"If you're looking for the absolute best balance between speed, capital, and cost, the OANDA Prop Trader Check website deal is an unbeatable entry point."
