About OANDA Prop Trader
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More info OANDA Prop Trader
Customer Reviews (42)
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4 weeks ago
Haven Ziemann
I successfully completed the two steps of the challenge in just two weeks. The trading conditions were straightforward and the spreads were quite tight, which was a plus. However, I found the verification process to be somewhat sluggish; it took over a week to finalize. On the bright side, the customer service on WhatsApp was quite helpful. Unfortunately, I didn’t manage to reach the payout.
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4 weeks ago
Dina Kunde
Overall, this proprietary trading firm is a solid choice for beginners. The broker commissions are notably high, which may be a drawback for some traders. Additionally, I was quite disappointed to find that cryptocurrency trading is completely prohibited.
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1 month ago
Astrid Luettgen
OANDA has consistently been my preferred broker, so I was genuinely thrilled when they introduced their proprietary trading firm. Initially, to be honest, my experience wasn’t the best—I wasn’t fond of the trailing drawdown and decided to leave after some time. However, I returned after noticing the significant improvements they made based on user feedback. I opted for the new Boost account, which offers a static drawdown, and I must say, this change has made a real difference. Additionally, they’ve recently adjusted their spread, which I think is a fantastic upgrade that will please many, if not all, traders in the prop space.
On top of that, their payout process is secure, transferring funds directly to a regulated OGM account. This ensures that you’re engaging with a trustworthy and reliable broker, which is a huge comfort for traders.
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1 month ago
Vena Wilkinson
The spread on XAU/USD is quite favorable, which is definitely a plus. The dashboard is user-friendly, making it easy to navigate. However, I found the Challenge Prepare section could use some clarification – it’s not very straightforward. It might be helpful to display the rules more clearly and perhaps include a detailed table for each position size for a better visual appeal. When it comes to withdrawals on the OGM account, I believe this firm offers a better experience compared to other proprietary trading firms.
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2 months ago
Omari Wunsch
I’ve been really impressed with OANDA Prop Trader right from the beginning. The registration process was quite simple, and whenever I had questions, the support team answered quickly and offered very friendly, helpful advice. This really boosted my confidence in the platform and made my trading experience smooth.
The trading environment here is top-notch, characterized by reasonable spreads and a dependable system. I hardly faced any technical or connectivity problems, which allowed me to concentrate on my strategies and maintain consistent profits.
In summary, I strongly recommend OANDA Prop Trader for both newcomers and seasoned traders in search of a trustworthy broker with excellent support.
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2 months ago
Cecile Osinski
The spread was set up in such a way that I could execute my trades at either a discount or a premium from the price where I intended to enter the market.
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2 months ago
Adolphus Koelpin
A friend of mine recommended this proprietary trading firm to me, and I must say, it’s been quite an experience. One of the standout features is their incredibly low spreads, which are ideal for those focused on short-term trading strategies. It’s really a fitting choice for traders who are looking to maximize their profits efficiently. If you’re into quick trades, this firm could be a great option to consider.
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2 months ago
Shyanne Kuhlman
The top prop trading firm in the industry has a lot to offer. With competitive payouts and a solid support structure, it stands out among its peers. Traders here can appreciate the flexibility in their trading strategies and the absence of rigid rules that often hinder performance elsewhere. They really prioritize their traders’ success, creating a positive environment that fosters growth. It’s important to note, however, that results can vary significantly based on individual dedication and market conditions. Overall, this firm has earned its reputation as a leader in the proprietary trading space, making it a top choice for newcomers and experienced traders alike.
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2 months ago
Francesco West
Absolutely love Perfect Prop Trader! This trading firm stands out for its supportive environment. The team is genuinely helpful, always ready to answer questions, which really makes a difference when you’re new.
They provide excellent training resources, making you feel well-prepared to tackle the markets. Additionally, the commission structure is quite straightforward and fair, meaning you keep more of what you earn.
One of the best parts is the community. You get access to a network of traders who share insights and strategies, which is invaluable for your growth.
Their platform is user-friendly, and the tools they offer are quite impressive. However, sometimes I wish there were more advanced features, but overall, it hasn’t been a dealbreaker for me.
If you’re serious about trading and looking for a firm that prioritizes your success, I highly recommend Perfect Prop Trader.
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2 months ago
Lew Harber
I’m looking to establish a productive partnership with this trading firm. The potential for growth and collaboration here seems promising. I believe that with the right approach, we can create something mutually beneficial. It’s exciting to think about the opportunities we can explore together. Overall, I’m optimistic that this journey will lead to success.
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2 months ago
Damaris Dach
The trading conditions and rules here are quite impressive, primarily due to their affiliation with the reputable Oanda broker. Plus, they utilize MT5, which is arguably the best trading platform available today. When it comes to service, I’ve found it to be quite satisfactory; issues that arise tend to get resolved swiftly.
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2 months ago
Edison Kihn
Oanda is definitely a well-respected name in the industry. I’ve tried quite a few proprietary trading firms, but there are always those that I end up sticking with and trusting. With Oanda, you really have the opportunity to grow as a trader. It’s a solid choice in the prop firm landscape.
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2 months ago
Jessie Stroman
I really believe that having a smaller spread with a modest commission is a smart move. That said, it would be fantastic if they could further reduce the spread, especially for gold. Thanks for considering this!
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2 months ago
Devin Stanton
Initially, I was somewhat skeptical when I first heard about them. However, after giving them a chance, I was able to secure a $10,000 account, which turned out to be a fantastic experience. Subsequently, I became a part of their community, and I was pleasantly surprised by the uplifting and inspiring traders from all corners of the globe. Without a doubt, I would recommend them time and time again.
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2 months ago
Tad Adams
I gotta say, this prop firm really impressed me! Wow! The experience has been quite satisfying overall. The resources they provide are excellent, and the support team is really responsive. I’ve seen some promising results, and it feels like they genuinely care about helping traders reach their goals. Highly recommend checking them out if you’re considering joining a proprietary trading firm.
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2 months ago
Isaiah Wiza
I’ve been with Oanda Prop services for about four months, and my experiences have been nothing but positive. They offer competitive spreads, and the support team is really top-notch. Plus, the discounts on challenges are fantastic, which makes their pricing even more appealing. Overall, I’m quite satisfied with my time here.
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2 months ago
Lincoln Brakus
Having successfully navigated the first phase of the evaluation, I was pleasantly surprised by how swiftly the system dispatched an email containing my account details for the second phase—it was impressively fast. Additionally, I found their customer support to be remarkably responsive. While it’s true that they lack a real-time support Discord channel, they’ve set up a server reminiscent of Discord, allowing users to engage and share ideas with one another. Plus, the pricing they offer is pretty competitive.
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2 months ago
Bert Morar
OANDA stands out as a well-respected proprietary trading firm. This credibility motivated me to participate in their Challenge.
Subsequently, they rolled out several rule enhancements aimed at further aiding traders, including:
– No time constraints
– Reduced spreads for more competitive trading
– Support in Thai to help with any questions or concerns -
2 months ago
Ephraim Beier
OANDA stands out as a respected proprietary trading firm, which inspired me to take the plunge and enroll in their Challenge. Not long after, they rolled out some notable improvements to their rules aimed at enhancing trader support. For instance, they eliminated time limits, introduced tighter spreads, and even added Thai-language assistance for those needing help with inquiries.
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2 months ago
Jackson Swift
The communication here is excellent, and I always get quick feedback. It really makes a difference in the trading experience. The responsiveness of the team stands out, which I appreciate. It feels like they genuinely care about their traders. Overall, this level of support enhances the trading environment significantly.
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2 months ago
Ilene O'Reilly
I began my trading journey with Oanda Prop at the end of September 2024. By the end of November, I successfully completed the challenge and received my funded account along with a full refund on my initial deposit. Since then, I’ve made multiple withdrawals from my funded account, and I’m pleased to report that everything has been running smoothly. It’s worth noting that while the payment process takes about five business days after approval, that’s fairly typical in the industry. The trading conditions and rules are solid, especially given that they’re supported by the reputable Oanda broker. Plus, I’ve found the MT5 platform to be the best one I’ve used to date.
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2 months ago
Miles Trantow
Risk Management
I developed a solid trading strategy, but my lack of risk management was glaringly evident. This proprietary trading challenge really pushed me to understand how to navigate the market responsibly. It was an eye-opening experience that emphasized the importance of managing risk effectively.
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2 months ago
Destiney Bahringer
Making the leap from amateur to professional trading can be challenging, especially when you’re balancing a job to make ends meet. With tight budgets, it’s tough to cultivate the emotional resilience needed for success in trading. Luckily, Oanda provides an excellent opportunity to develop your skills in a more comfortable environment. This chance to focus on techniques and risk management can significantly ease the stress that often accompanies this journey. I truly appreciate what Oanda has to offer!
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2 months ago
Helena Zieme
I’ve been utilizing Oanda Prop services for around four months, and my experience has been nothing but positive. The spreads are quite competitive, the support team is exceptional, and I really appreciate the great pricing on challenges, especially with the continuous discounts they’re offering.
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2 months ago
Madaline Rohan
I’m really glad to be part of this firm. There are plenty of reasons why I believe this company stands out from other proprietary trading firms. First off, the $5,000 challenge is an accessible option for many traders looking to break into the industry. Additionally, the maximum drawdown of 10% on initial capital is a notable benefit, particularly since it’s lower than the maximum profit target they require. Overall, these features make it a remarkable choice for aspiring traders.
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2 months ago
Cyril Kuvalis
This is an exceptional proprietary trading firm with a strong brand. The market conditions are truly top-notch, and they offer prompt services that make trading a breeze. If you’re a professional trader looking for reliability, you should definitely consider this prop firm without hesitation.
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2 months ago
Hilma Walsh
I recently lost my account due to inactivity, which was quite frustrating. On top of that, having a minimum lot size of 0.1 for opening trades feels restrictive. Honestly, I believe it would be much better if they allowed a minimum of 0.01. This change could really help traders who prefer to start small.
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2 months ago
Candace D'Amore
When I first started trading with this proprietary firm back in January 2025, I noticed that the spread for XAUUSD was quite wide, which didn’t sit well with me. However, I’ve seen significant improvements lately, and the spreads now compare favorably with those of other firms, providing better liquidity. I can now place orders almost instantly, which is a big plus. Additionally, the dashboard is user-friendly and straightforward. Overall, I’ve had a positive experience with this firm.
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2 months ago
Cade Leannon
The consistency rules provided by Oanda can truly enhance your trading skills. If you’re looking for a firm to partner with, Oanda is definitely a solid choice. Overall, everything feels just right.
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2 months ago
Sabina Satterfield
The support is impressively quick. Overall, the service quality is quite excellent.
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2 months ago
Xander Murazik
I had a frustrating experience with OANDA Prop just yesterday. I placed a buy limit order on EUR/USD (Order #617917) with specific criteria: Entry at 1.03385, SL at 1.03242, and TP at 1.03671. Oddly enough, the price hit both my entry and take profit levels, yet my order remained in a pending state and was never executed.
Additionally, I noticed that the spreads on this platform tend to be significantly higher than those found at other prop firms, making risk management tougher and leading to unnecessary stop-outs.
To add to my woes, when I reached out to customer support, I only received automated replies instead of any real help. Instead of addressing my concerns, I got generic responses that didn’t resolve the issue at all. Such inadequate support is unacceptable for a prop firm where precise execution is vital.
Execution failures, inflated spreads, and ineffective support create a challenging scenario for traders. If my orders can’t be executed and I’m unable to secure proper assistance, how can I trust this platform with my funds? Until OANDA Prop resolves these critical issues, I cannot recommend them to discerning traders.
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3 months ago
Susana Volkman
The consistently wide spreads at this proprietary trading firm might pose a challenge for traders looking to secure profits. Although it’s typical for spreads to vary, the sizes here appear especially broad, leading to higher trading costs and complicating the quest for reliable returns. It’s crucial for traders to take a close look at the usual spreads for the instruments they are interested in and consider how these compare with other firms in the market. Gaining a solid understanding of how these spreads operate is vital to assess whether the trading conditions align well with one’s particular trading strategy.
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3 months ago
Vivien Bartell
The trailing max drawdown is arguably one of the worst trading conditions ever introduced by a proprietary firm. It seems like they don’t want you to sustain your account at all.
The dashboard appears designed to lead you to failure. For instance, how can the daily equity limit show $9,300 while the total drawdown indicates a different figure, $9,700? This discrepancy is confusing, especially when you hit the limit just before breaching your account.
There’s definitely a lot that needs improvement here.
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3 months ago
Osvaldo Dietrich
The absolute worst experience a trader can have is being cheated while trying to focus on their growth. I started with a $10,000 account, and my dashboard clearly indicated that my daily equity limit was set at $9,348. Yet, they managed to breach my account at $9,717. This firm lacks integrity, and the direct broker makes it really tough to withdraw your profits. I wouldn’t recommend them at all.
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3 months ago
Tessie Crist
The spreads are quite large, and if you’re trying to trade on 1-minute or 5-minute charts, you’re likely to face some serious challenges. Those spreads can really hurt your trades. However, if you’re comfortable trading on charts with a duration of 15 minutes or longer, you might find it more manageable.
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3 months ago
Kaycee Tillman
For traders in South Africa, I highly recommend exercising caution when considering Oanda Prop Trader. My experience with this firm has left me quite frustrated. To begin with, the spreads were less than ideal, yet I felt I had to continue trading with them.
I passed the challenge on January 6, 2025, and was eager to get funded. I was advised to apply for an OGM account, which I did without hesitation. A few days later, I received an email requesting some documents, and I promptly complied by sending everything over.
However, complications arose when my national ID book was not approved. They insisted on a smart ID card instead. I tried to clarify that both forms of ID are legally recognized in South Africa and serve the same purpose. Importantly, when smart ID cards were introduced, there was no mandate to cease using national ID books—many South Africans, including myself, still rely on them without facing any issues.
Then, I received another email indicating a breach of my account, leading me to question their protocols. It’s puzzling why they would allow South African traders to take on the Oanda Prop Trader challenges when their parent broker, Oanda, has discontinued support for South African clients.
Engage with this firm at your own discretion.
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3 months ago
Bradford Thompson
After experiencing a 6% drawdown, my $10,000 account got breached.
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4 months ago
Walton Wisoky
It’s best to avoid this firm altogether. They seem to have hidden rules that aren’t disclosed upfront. Once you request a payout, good luck actually receiving it. Customer service leaves a lot to be desired, and they can block your account as soon as you pass their challenge with a decent win rate. In short, steer clear of these scammers.
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6 months ago
Lelah Breitenberg
The spread here tends to be quite elevated, making it less than ideal for those who favor scalping strategies. If you’re a scalper, you might find it challenging to work with these conditions.
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6 months ago
Polly Shanahan
Overall, my experience has been positive so far! I’ll be sure to provide an update later on. I’ve been trading with them for a few weeks, but I’ve used OANDA for many years. The fact that this is OANDA’s proprietary trading firm is why it automatically earns a five-star rating from me. They allow me to use my expert advisor within reasonable limits. That said, the spreads could certainly be better, and the trailing maximum daily loss is less than ideal. Still, I’m willing to overlook these drawbacks just to be associated with a company I can trust. I really hope OANDA can capture a significant market share away from those less honest proprietary firms—there’s a real need for improvement in this industry!
As for my update on February 17—
The trailing drawdown is quite frustrating, and it doesn’t truly reflect the realities of trading. Traders need the ability to build up a buffer and shouldn’t be constantly anxious about being just 10% away from losing everything. Sure, you can take on a challenge without the trailing drawdown, but only if you opt for a smaller account.
I sincerely hope OANDA takes this issue seriously, as I ended up losing both of my accounts because of this trailing drawdown policy. Every trader is likely to experience a 10% drawdown at some stage in their careers, making this rule seem almost designed for failure. Drawdowns are just an inherent part of the trading landscape, and I would expect a firm as established as OANDA to recognize that.
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7 months ago
Bernie Daniel
Oanda is a relatively new player in the proprietary trading firm space, but their pricing tends to be significantly higher compared to other firms. Additionally, they limit traders to a maximum of 120 days, which is quite different from the industry standard of unlimited trading days that many competitors offer. If you’re considering this prop firm, it’s essential to thoroughly review their FAQ section for important details.
Arne Konopelski
Trading with Oanda has been a really positive experience for me. As a professional broker, Oanda stands out, and I can’t recommend them highly enough. The trade execution feels as seamless as it does with a personal broker account, which is a refreshing change compared to many other prop firms I’ve encountered.