Can I lose my OANDA Prop Trader account?

Yes. In addition to a breach under the applicable terms and conditions, a breach of these rules will result in the loss of your account:

  1. Daily loss rule : the daily loss is equal to or exceeds 5%
  2. Drawdown rule : the account drawdown is equal to or exceeds 10%
  3. Hitting the stopped out (When the margin leverage for the position have hit 50% or exceeded 50%)
  4. Inactivity rule : Inactivity period is equal to or exceeds 20 calendar days. (If you do not place a trade at least once every 20 calendar days on your account, we will consider the account inactive, and the account will be breached)
  5. Traders engaging in trading techniques such as copy trading, price and latency arbitrage, and other forbidden trading behavior as described in the applicable terms and conditions.
  6. In addition, behavior that violates our terms regarding Forbidden Trading Practices in the Assessment Terms and Conditions may also lead to loss of access. (Hard breach)