OANDA Updates Prop Trader Program
OANDA has updated its Prop Trader program to attract skilled traders amid industry disruptions. These updates include higher profit-sharing opportunities and lower entry barriers, making the program more appealing to experienced investors.
About the Updates
OANDA’s Prop Trader program now offers more flexible assessment criteria and higher profit-sharing opportunities.
Higher Profit Share: Qualified traders can now receive an 80% profit share, a substantial increase from previous rates.
Streamlined Qualification Process: The program has lowered profit targets to 8% in the first assessment phase and eliminated the minimum trading day requirement. Traders can pass the challenge and become signal providers in about two to three days.
Leverage: Traders get leverage of 100:1.
Refund of Challenge Fees: OANDA will refund the challenge fees on the first payout in addition to the profit share.
Benefits for Traders
The update will offer numerous benefits to traders and investors:
Higher Profit Share
Traders can now earn an 80% profit share, a substantial increase from previous rates. This means more of the profits generated go directly to the traders, increasing their potential earnings significantly.
Flexible Assessment Criteria
OANDA has introduced more flexible assessment criteria, making it easier for traders to qualify. The lowered profit targets to 8% in the first assessment phase allow more traders to meet the requirements and benefit from the program.
Quick Qualification Process
Eliminating the minimum trading day requirement means traders can potentially pass the challenge and become signal providers in two to three days. This fast-track process enables traders to start earning sooner.
Increased Leverage
Traders can use a leverage of 100:1. This will give them more significant trading power and the ability to amplify their positions.
Refund of Challenge Fees
OANDA will refund the challenge fees on the first payout in addition to the profit share. This reduces traders’ initial cost burden, allowing them to retain more of their earnings.
About OANDA
OANDA offers multi-asset trading services for forex and CFD trading. It provides multiple currency pairs, commodities, and indices. OANDA connects advanced trading technology with transparent pricing and customer-focused service. It secured approvals for its new European subsidiary, OANDA Europe Markets (OEM), based in Malta. OANDA wants to ensure compliance with regional regulatory frameworks.
Conclusion
OANDA’s recent updates enhance the conditions for skilled traders. These improvements will attract more experienced investors and provide a platform to succeed in the financial markets.
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