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Choose your prop trading Challenge

OANDA supports 6 Challenge plans with the respective fee and virtual funding levels

Account Type - 2 Step

Name

5K

10K

50K

100K

200K

500K

Challenge Fee

$35

$60

$299

$599

$1,200

$2,400

Virtual Funding*

$5,000

$10,000

$50,000

$100,000

$200,000

$500,000

Profit Target**

Phase 1 (P1)

Phase 2 (P2)

P1: $250 (5%)

P2: $250 (5%)

P1: $500 (5%)

P2: $500 (5%)

P1: $2,500 (5%)

P2: $2,500 (5%)

P1: $5,000 (5%)

P2: $5,000 (5%)

P1: $10,000 (5%)

P2: $10,000 (5%)

P1: $40,000 

(8%)

P2: $25,000 

(5%)

5K - 200K plan:

 5% - Max Daily Loss

(fixed from Initial Balance)


500K plan:

5% Max Daily Loss

(from previous End of Day Equity)

$250 (5%)

$500 (5%)

$2,500 (5%)

$5,000 (5%)

$10,000 (5%)

5% of EoD Equity

Daily Loss Limit is fixed at 5% of the initial balance. Breach level is triggered when current daily loss (including unrealised losses/profit, commissions, dividends and swaps) reaches 5% or more of the initial balance.

Daily Loss and Daily Loss breach levels are static values within the trading day. 

Daily Loss breach level is calculated as 5% below the previous End of Day Equity value on the Account

5K - 200K plans: 

10% - Max Drawdown Loss

(Static Drawdown)


500K plan:

 Max Drawdown Loss

(10% - Trailing on highest balance)

$500

$1,000

$5,000

$10,000

$20,000

$50,000

Max Drawdown Loss breach level is fixed at 10% of initial balance and triggered when account Equity reaches that level (Includes unrealised losses/profits and swaps) 

Max Drawdown Loss breach level trails up when the account reaches a new High WaterMark Balance (realized profits). Max Loss breach level stops to trail up, when it reaches the initial funding amount.

Profit Share

80%

80%

80%

80%

80%

80%

 

*Please take note that only 2 Step accounts with the same settings can be merged up to a maximum capital allocation of USD 200,000

**Subject to change based on the ongoing promotions