Rules & conditions for Signal Provider

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

ALL plans share the same set of rules, listed below:

Rule	Signal provider account		Notes
5K - 200K plans: Max Daily Loss	5% Fixed Always a fixed amount of 5% from the Initial (starting) balance of the Account.		Violating this limit is a hard breach, meaning loss of the signal provider account access. The Daily Loss Limit is the maximum amount (measured in account equity) that the account can lose (including unrealised losses/profit, commissions, financing and swaps) on a given day. The Daily Loss limit is measured as a fixed amount of 5% of the starting balance. The daily loss limit is tracked for the day starting from 17:00 EST
500K plan: Max Daily Loss	5% Dynamic Always a static value for the trading day, calculated as 5% from the previous EoD Equity value on the Account		Violating this limit is a hard breach, meaning loss of the signal provider account access. The Daily Loss Limit is the maximum amount (measured in account equity) that the account can lose on any given day. The Daily Loss Limit is set for the day as the stated percentage (5%) of the previous day’s end-of-day Equity value on the account at 17:00 EST. The daily loss limit will not be adjusted intraday. If the account equity reaches a new high watermark level from profitable positions (Realized or Unrealized) on that day, it will not affect the daily loss limit on that trading day.
5K - 200K plans: Maximum Drawdown Limit - Static	10% from the Initial Balance Static Hard Breach		Violating this limit is a hard breach, meaning loss of the Signal Provider account access. This is the limit on the maximum loss a user can sustain in the lifetime value of the account. Breach level will remain fixed (static) at 90% of the initial balance and triggered when account equity reaches that level (Includes unrealised losses/ profits, commissions, swaps and dividends)
500K plan: Maximum Drawdown Limit - Trailing	10% from new High Watermark balance update (Realized P/L on the account) Trailing Hard Breach		Violating this limit is a hard breach, meaning loss of the Signal Provider account access. This is the limit on the maximum loss a user can sustain in the lifetime value of the account. The loss limit is calculated versus the maximum value of the account over time. The limit is a percentage of the user’s starting account value. This limit is a “trailing” limit, meaning it is calculated versus a high water mark which increases as the value of the account balance increases. However, the breach level is capped at the initial funding amount of the account.
Maximum Daily Profit (Consistency rule)	Not applicable		Signal Providers do not have a Maximum Daily Profit applied to the account.
Max leverage	Up to 100:1 for FX Up to 50:1 for CFD Gold, Indices and CFD Commodities		Leverage shown here is the maximum available on any instrument. Positions will be assigned to a tiered margin structure depending on instrument and size of position converted to USD amount See the following table in this document for details per instrument.
Min trade size	0.01 lot FX and Metals 1 lot for 1 CFD Index		One micro lot FX and Metals, or one index See the following table in this document for details per instrument
Retry Discount	20% on 5k - 50k plans 10% on 100k - 500k plans		Users who breached the account will be eligible for a discount on the fee paid to retry the same Challenge
Profit share	Specified per Challenge		Users who pass the challenge and become OANDA Prop Traders (signal providers) are eligible for a profit share on their performance in the OANDA Prop Trader Account. Signal providers can request a payout via the user portal (only). Signal providers must first close all open positions before requesting a payout. Once the payout request is approved, this is the amount that will be deducted from the user’s balance in their trading account. The amount of the profit share payout will be adjusted by profit share percentage. A signal provider’s profit share will be paid to an OANDA Global Markets account, for which it can be either withdrawn or transferred to a self-funded trading account.
Inactivity Period	30 calendar days		This is the maximum number of consecutive days that a signal provider can be inactive (not place an opening or closing trade) and maintain access to the signal provider account. The period starts from the date of the creation of the Signal Provider account and then restarts on any date of trading activity. Inactivity over 30 calendar days is a hard breach: users who are inactive (no trades placed) for 30 consecutive days lose signal provider account access, and the account is closed. Active Signal Provider who pass a new challenge that cannot be merged: The newly passed account will be placed on hold due to the one-active-account rule. The inactivity period for the on-hold account will be extended to 180 consecutive calendar days before any breach action is taken.
Minimum Days Between Payout Requests	14		At least 14 calendar days must have elapsed before the first payout, and then at least 14 calendar days must have elapsed before subsequent payout requests can be made.
Payout cycle	Within one week of payout approval		In normal circumstances, payout of profit share (signal provider fees) will be made to the relevant OANDA Global Markets account within one week from the payout being approved. In cases where the payment cannot be made on that next payment date, such payment will be made on the next following Payment Date. Note that funds transferred into your OANDA Global Markets account must fully clear into that account before such amount can be used as margin (as defined in the Company’s Terms of Business).
Min payout amount	Minimum $200		This is the minimum amount that a signal provider can request as a payout. The actual amount paid to an OANDA Global Markets account will then be adjusted by the profit share percentage.

Max capital allocation for merged accounts	$200,000		This is the maximum virtual capital that can be allocated to a signal provider account. Signal providers can only have a single signal provider account active at any given time. If a user successfully completes multiple assessments (OANDA Prop Trade Challenges), the virtual capital will be merged in a single account up to a maximum of $200,000. If a user completes an assessment that would result in the virtual capital allocation being greater than $200,000, the capital will not be merged into or allocated to a virtual account until such time as the user no longer has an active allocation, and a new virtual allocation will be created. Restrictions may apply to certain countries and to the abusive use of margins across multiple Challenges accounts
Flatten on Friday?	Not required		Signal providers are not required to flatten/close all open positions each weekend.
Mandatory Stop Loss	Not required		Signal providers are not required to place StopLoss orders on all positions.
Holding Positions during News	Allowed		Trading strategies must not violate the rules described in Rules of Trading and Forbidden Trading Practices as found in the Terms and Conditions
News Trading	Restrictions on Trading applies only during the following News Events (There is no Soft or Hard Breaches imposed)		Restrictions on Trading is followed for a total of 4 minutes during high-impact economic news events (2 minutes before and 2 minutes after the announcement). Key restrictions include: No new trades can be opened, and existing trades cannot be manually closed. This includes all trading operations from processing Market Orders (Open and Close trades), EA activity, Entry Stops, Entry Limit orders. Existing positions can only be closed if a pre-set Stop Loss (SL) or Take Profit (TP) order is triggered. SL and TP orders cannot be modified during the 4-minute window. Pending orders that are triggered within this period will be automatically cancelled. These protective actions (cancellations or SL/TP triggers) do not result in a breach or penalty on the account. News Trading is a forbidden practice as stated in our Terms and Conditions, and can result in profit removal and/or account termination. To locate timings of the major economic news events, please refer to: News Trading Restrictions and Economic Calendar
	Country	News Event
	USA	Interest Rates Decisions Announcements CPI (Consumer Price Index) GDP (Gross Domestic Product)NFP (Non-Farm Payrolls)ISM Index (Institute for Supply PPI (Producer Price Index)Initial Jobless Claims
	Eurozone UK Canada Australia New Zealand	Interest Rates Decisions Announcements CPI (Consumer Price Index) GDP (Gross Domestic Product)
	Japan	CPI (Consumer Price Index) GDP (Gross Domestic Product)
	Germany	GDP (Gross Domestic Product)
Holding Positions during News	Allowed		Trading strategies must not violate the rules described in the Rules of Trading and Forbidden Trading Practices as found in the Terms and Conditions
Copy Trading	Partly Allowed		Using OANDA Prop Trader Account as a Master account where trades can be copied from is allowed. Copy trading into OANDA Prop Trader Account as a slave from external accounts (including any other OANDA Prop Trader accounts by the same user would be considered a violation of the trading rules and may result in the trading account being breached.
Refund of Challenge Fee	Available on first profit share payout		Users who successfully pass Phase 2 of the challenge and become Signal Providers are eligible for a refund of the fee they paid for the most recent challenge they completed (and only this fee). The refund will be paid after the payout of the first profit share according to the payout rules specified for Signal Providers. Signal Providers who do not generate a profit share payout will not receive a refund.