Choose your prop trading Challenge
OANDA supports 6 Challenge plans with the respective fee and virtual funding levels
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Account Type - 2 Step |
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Name |
5K |
10K |
50K |
100K |
200K |
500K |
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Challenge Fee |
$35 |
$60 |
$299 |
$599 |
$1,200 |
$2,400 |
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Virtual Funding* |
$5,000 |
$10,000 |
$50,000 |
$100,000 |
$200,000 |
$500,000 |
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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%) |
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5K - 200K plan: 500K plan: |
$250 (5%) |
$500 (5%) |
$2,500 (5%) |
$5,000 (5%) |
$10,000 (5%) |
5% of EoD Equity |
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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 |
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5K - 200K plans: 500K plan: |
$500 |
$1,000 |
$5,000 |
$10,000 |
$20,000 |
$50,000 |
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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. |
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Profit Share |
80% |
80% |
80% |
80% |
80% |
80% |
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*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