OANDA Prop Trader

Overall, my experience with OANDA's prop firm has been solid. The trading conditions are quite good, though I have encountered some slippage on stop orders where the price jumps. There were also a few instances where the price hit my TP, but the position didn't close immediately. Aside from those minor technical glitches, everything else has been smooth. I’ve been trading with this firm for a while, but I have to highlight that the swap fees for XAUUSD are quite high. If you’re a swing trader holding gold positions overnight, the costs can really eat into your profits. Just something to keep in mind. The customer service is responsive and always answers my queries via email. Most importantly, the payout process is impressively fast. My first request was approved within 2 days, and the funds reached my OANDA Global Markets account just 4-5 hours after approval.

I successfully passed a $50,000 OANDA prop firm account. However, in December 2025, the firm terminated a significant number of accounts without providing specific explanations, despite no clear rule violations being identified. As a result, traders are advised to carefully consider before participating in this prop firm. Pros: Phase 1 requires only a 5% profit target, which is lower than that of many other prop firms and therefore easier to achieve. Cons: There is a risk of account termination without detailed clarification, and the KYC verification and payout processes can be lengthy. P.S.: I did not receive any refund or compensation, although the firm stated in an email that the challenge fee would be refunded.

This is simply an amazing prop company. It literally offers the best trading rules. 5% per phase, very lenient rules for news. There are no hidden rules or prohibitions; this is truly the best company for trading. One downside, what I really didn't like is that technical support takes a really long time to respond, really, really long. I also don't like that I can't withdraw funds in cryptocurrency. For me, this is absolutely necessary, as my country isn't in the Eurozone and doesn't have a national currency, the dollar. This means I lose a percentage of my income on Swift payments, but this is also a plus: it's easier to pay taxes and officially register my income.

Great firm as a starter for the first time and the target profit is lower than other firms and hopefully a payout soon :) Hopefully, I will reach as many payouts

Receive mail "Account Status Update: Your current Signal Provider Account status has been terminated. Future Participation: Based on this review, we will not be able to offer you future participation in the OANDA Prop Trader program at this time." after waiting 20days for 2 live 10K account. I receive refund after 12d. Totally, OPT has wasted my 32d since I passed round 2.

OANDA Prop Trader Refuses Payouts Do not trust OANDA Prop Trader. I am a funded trader who strictly adhered to all trading objectives, including the 40% consistency rule. Yet, my valid request for a $3,800+ payout was rejected, and my account was abruptly terminated without specific proof. I possess full MetaTrader 5 audit logs proving my compliance, but OANDA refuses to review them. Support ignores tickets; Compliance blocks emails. I am escalating this to the NFA and Malta regulators. Stay away or you will lose your hard-earned funds.

I am writing this to warn the global trading community, especially those in Vietnam: STAY AWAY from OANDA Prop Trader. I am the same person who wrote a positive 5-star review for OANDA on December 2nd. At that time, I trusted their brand. However, as soon as I became consistently profitable and reached the payout stage, they revealed their true colors: 1. Termination Without Reason (Account #49116): My account was suddenly terminated despite NEVER breaking the Daily Loss or Maximum Drawdown rules. They used vague excuses like "internal risk models" to seize my account and profits. 2. The "Vietnamese Trader" Trap: There is a clear pattern of successful traders in Vietnam being banned simultaneously with "copy-paste" excuses. They target disciplined traders who use low leverage (I used only 0.5 - 0.8 lots on a $100k account) because they do not want to pay out profits. 3. No Transparency: They enforced a "40% Consistency Rule" but admitted they DO NOT provide a tracker on the Dashboard. They force you to calculate it manually to find any small excuse to deny your withdrawal.

My favorite thing about Oanda Prop Trader is that each round only requires a target of 5% and a total of 2 rounds only requires 10%, and the price at Oanda Prop Trader is also cheaper than other places. I was lucky to pass 2 rounds. I will continue to conquer the 50k challenge here.

The prop firm stop my account, and they mention will refund my challenge fees at email, after a month still didn't refund and I keep email the customer support and no one reply.

The best propfirm for beginners, with clear rules, achievable goals, and 5% in each phase, offering a simpler and more objective path for those who want to progress in trading without complications. Direct, practical, and efficient.