Are you ready to get funded by one of the most reputable prop firms in the world? OANDA Prop Trader offers a transparent, regulated path to trading up to $500,000 in capital—if you can pass their rigorous challenge. In this guide, we’ll break down everything you need to know about OANDA Prop Trader’s rules, funding models, and reputation, and show you how Copygram is the essential tool for automating your path to success on MT5.

What is OANDA Prop Trader?

OANDA Prop Trader is the proprietary trading arm of OANDA, a globally recognized and regulated broker. Their prop trading program allows skilled traders to access significant capital, with profit splits up to 90%. The firm is renowned for its transparency, strict risk management, and the credibility that comes with OANDA’s regulatory oversight in Malta.

OANDA Prop Trader Challenge Structure

OANDA Prop Trader offers two main challenge types: the Classic Challenge and the Boost Challenge. Both require traders to pass a two-step evaluation process before managing a funded account. Here’s how it works:

Key Rules and Benefits

• Two-Step Evaluation: Pass both phases to access live funded capital.

• Profit Targets: 8–10% per phase, depending on account size.

• Drawdown Limits: 10% static max drawdown, 5% daily loss limit.

• Refundable Fees: Get your challenge fee back after your first profit split payout.

• MT5 Platform: Trade forex, metals, indices, commodities, and crypto.

• Regulated & Trusted: OANDA’s global reputation and regulatory oversight.

• Scaling Potential: Up to $500,000 in capital.

Pricing

Entry fees scale with account size. For example:

• $5,000 Challenge: $35

• $50,000 Challenge: $299 (Classic) / $399 (Boost)

• $100,000 Challenge: $599 (Classic) / $699 (Boost)

• $500,000 Challenge: $2,400

See the latest pricing and challenge options on OANDA Prop Trader’s official site.

Why Use Copygram to Pass the OANDA Prop Trader Challenge?

Passing a prop firm challenge is about more than just skill—it’s about consistency, discipline, and risk management. Here’s why Copygram is the ultimate edge for OANDA Prop Trader candidates:

• Automate Proven Strategies: Connect your MT5 account to Copygram and automate your best strategies, reducing emotional errors and ensuring consistent execution.

• Risk Management on Autopilot: Configure Copygram’s risk settings to stay within OANDA’s strict 10% max drawdown and 5% daily loss rules. Set per-trade, daily, and overall risk limits.

• Multi-Account Efficiency: Manage multiple prop firm accounts simultaneously, scaling your trading business without extra manual effort.

• Pass and Manage Funded Accounts: Use Copygram to maintain discipline and maximize profits even after you’re funded.

How to Pass the OANDA Prop Trader Challenge with Copygram: Step-by-Step

1. Sign Up for OANDA Prop Trader: Register and select your challenge (choose MT5 as your platform).

2. Prepare Your Strategy: Backtest and optimize your trading strategy for OANDA’s rules (profit target, drawdown, daily loss).

3. Connect MT5 to Copygram:

   • Install Copygram’s trade copier on your MT5 terminal.

   • Follow the Copygram setup wizard to link your OANDA Prop Trader account.

4. Configure Risk Management:

   • Set your max daily loss (5%) and max static drawdown (10%) in Copygram’s risk controls.

   • Enable per-trade risk limits to avoid accidental breaches.

5. Automate and Monitor:

   • Let Copygram execute trades automatically based on your strategy.

   • Monitor performance and adjust as needed—Copygram’s dashboard gives you real-time oversight.

6. Stay Consistent:

   • Copygram helps you avoid overtrading and emotional mistakes by sticking to your plan.

7. Pass, Get Funded, and Scale:

   • Once you pass both phases, continue using Copygram to manage your funded account and maximize your profit split.

Frequently Asked Questions (FAQ)

Is OANDA Prop Trader legit and regulated?

Yes. OANDA Prop Trader is backed by OANDA, regulated in Malta, and known for transparency and robust risk management.

Can I use Copygram with OANDA Prop Trader’s MT5 accounts?

Absolutely. Copygram fully supports MT5, making it easy to automate your trading and manage risk for OANDA Prop Trader challenges.

What are the main rules I need to watch out for?

Stick to the 10% max static drawdown and 5% daily loss limit. Copygram’s risk controls help you stay compliant.

Does Copygram help with risk management?

Yes! You can set daily, per-trade, and overall risk limits to ensure you never breach OANDA’s challenge rules.

How much does it cost to join OANDA Prop Trader?

Fees start at $35 for a $5,000 challenge and go up to $2,400 for a $500,000 challenge. Fees are refundable after your first payout.

Where can I find more info on setting up Copygram with MT5?

Check the Copygram Helpdesk for the latest MT5 setup guides and tutorials.

References

• OANDA Prop Trader Official Website

• OANDA Prop Trader Challenge Options

• OANDA Prop Trader Reviews (BestPropFirms)

• OANDA Prop Trader FAQs

• OANDA Prop Trader Help Center: Rules