OANDA Prop Trader Reviews 481

From the very beginning, OANDA Prop Trader has been a terrible experience. I successfully passed both evaluation phases, expecting a smooth transition to the live account. Instead, they delayed the activation of my live account for over 3 weeks, which is completely unacceptable and should never happen with any serious prop firm.

After the live account was finally activated, I was shocked by how massive and unreasonable the fees were. On top of that, I requested a withdrawal at the end of October, and to this day it is still not approved. This is an outrageous delay and raises serious concerns about their reliability.

What makes the situation even worse is that OANDA sells accounts to traders in Kosovo, yet the withdrawal apps they use do not even support Kosovo. This feels extremely misleading. They are happy to take your money, but they make it nearly impossible for you to receive your profits. There is no direct withdrawal option to Binance or a bank account, which only adds to the frustration.

Overall, this feels like a setup designed to collect fees rather than support traders. Poor communication, long delays, incompatible withdrawal systems, and lack of practical payout options make this prop firm one I strongly do not recommend. Save your time, money, and energy—look elsewhere.

Great! Best Prop Firm for Trader

The trading experience is great. The chart are accurate, the spread is low. However the withdrawal process is lengthy and difficult could be improved

I had a live account with 100,000 VND. After one profit withdrawal, they classified me as needing to consistently achieve a profit of less than 40% per day. I complied with that rule and executed trades with a risk of less than 1% and a profit of less than 2%. However, when I was only one trade away from withdrawing my profit as per the rule, they suddenly terminated my account, even though I only had one trade with a profit of less than 2% that day. This shows a lack of transparency and a deliberate policy of eliminating profitable traders participating in their challenge. I urge all newcomers not to join this fund; the payout waiting time is very long (more than a week), and they are truly unethical.

I am writing this review to share my personal experience with OANDA, which I believe raises serious concerns about transparency and customer treatment.

I had an active trading account with OANDA and followed all stated rules and requirements to the best of my knowledge. However, my account was suddenly closed by OANDA without any clear or detailed explanation. I did not receive a specific reason, evidence, or reference to any concrete violation of their terms.

What is most frustrating is the lack of transparency. Customer support responses were vague and repetitive, typically stating that the decision was “final” and based on internal policies, without providing any meaningful clarification. As a customer, this leaves me with no way to understand what went wrong, defend myself, or avoid similar issues in the future.

In my opinion, closing a client’s account without a clear, verifiable reason undermines trust, especially in the financial and trading industry where transparency is critical. Traders rely on brokers not only for execution, but also for fair treatment and clear communication.

While OANDA is a well-known broker, my experience suggests that account holders should be cautious. At any moment, an account may be terminated without proper explanation, and there appears to be little recourse for the client.

I am sharing this experience so other traders can be aware of the potential risks and make informed decisions before choosing OANDA as their broker.

Honestly still not able to give a rating. I have passed my two step challenge. And an email have been received for the funded account. But until now, still unable to perform any orders on MT5 for my funded account because the funded account is still in “verification process”. Its now more than a week waiting. Have send a numerous email for assistance,but still no satisfied answers from oanda prop firm. Just feel we deserved better customer services due to the fact that we pay for the challenge. Not saying it a scam for now,still waiting any asisstance or any response or waiting for my account to be verified.

I recently experienced a serious issue on my OANDA prop account. I had a clear stop loss set at 4505.233 on my XAUUSD buy position (0.75 lot). Based on the entry price, my maximum expected loss should have been around $402–405.
However, the trade was closed at 4503.510, resulting in a loss of $531.75 — more than $129 extra due to slippage. This unexpected execution caused an immediate hard breach on my account.
I understand that markets move fast, but this level of slippage on gold during normal conditions is unacceptable for a prop firm that claims professional execution. If stop losses cannot be trusted, risk management becomes impossible.
I hope the team reviews this case seriously and improves transparency around execution quality and slippage handling.

I am writing this to warn fellow traders about my recent experience with OANDA Prop Trader. My account was suddenly banned under the claim of violating 'Annex B: Forbidden Trading Practices.' However, despite my repeated requests, OANDA has failed to provide any concrete evidence or specific trade logs to prove that I broke any rules.
What is even more frustrating is their lack of accountability regarding refunds. After banning my account, they officially emailed me promising a full refund of my challenge fees within one week. It has now been over a month, and I have received absolutely nothing.
This feels like a deliberate attempt to withhold funds from successful traders. If a firm can ban you without proof and then ignore their own written refund commitment, it is a massive red flag.
I strongly advise everyone to be extremely cautious. OANDA, I am still waiting for the refund you promised and a transparent explanation for the account closure.
Worst of all, despite their email stating they would refund the challenge fee, I have yet to receive anything. This is an unprofessional and deceptive practice. They lure traders in, and when you start performing, they shut you down with vague excuses to avoid payouts. Stay away from this firm if you value your time and capital!

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Based on your reply on January 15, 2026, I have the following opinion:
Why didn't you review and warn/reject the challenge immediately after passing round 1 and round 2 to save time for both of us? There are people who buy dozens of challenges but never pass round 2, and when they finally pass, they receive such a result. There's nothing more to say than they've been deceived.
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Took way too long to confirm my payout, first it said 3-4 working days, then they sent me an email that said it would take 3-10 business days and after it was confirmed I have to wait an exrta 10 working days to transfer the withdrawal. Unacceptable.

Applied first payout on 11-Dec-25, still not approved.
There is no way to chat to human.
Send numerous emails, received 2 responses from support department that payout is being reviewed. No reason provided for unjustified delayed payout approval.
Please improve. Cannot be reason that Oanda has no money to pay. Hire staff to review payouts please…

Hello, I'm VietDung. I've received my first payment from Oandaproptrader. The payment process was a bit slow, however, their trading platform experiences very little slippage, even during the CME system outage last November. Once again, I recommend you try Oandaproptrader to experience their service.

Criminal prop firm. Please stay away

I passed both challenge phases with OANDA Prop and was given a live account. On December 16, 2025, I successfully made my first withdrawal, confirming that my trading was accepted.

Only three days later, all my trades were force-closed and my account was terminated. The reason given was that my “trading strategy was not suitable for the Signal Provider program.” This explanation is vague and subjective.

I followed the 5% risk management rule at all times and did not violate any published trading limits. Despite this, my account was closed without a clear or specific violation.

On top of that, my $1,324.16 profit from those three days was not paid.

This experience shows a lack of transparency and fairness. Traders deserve clear rules and consistent treatment, especially after passing challenges and trading live. I hope OANDA Prop can improve transparency in their evaluation criteria and provide fairer treatment for traders who follow the stated rules.

Dear OANDA Support Team,

I am writing to express my deep disappointment regarding the email I received today notifying me that I can no longer trade on your platform. My frustration does not stem from my trading performance, but rather from the lack of transparency in your actions, which has severely impacted my trading experience and professional standing with your firm.

I have been trading using my personal strategy for 3 to 4 years. My approach is highly disciplined and conservative: I only risk 0.6% of the account balance per trade, and I typically only find 1 or 2 entry setups every week or two. I have already proven the stability and success of this system by successfully passing OANDA's two-phase evaluation over the past three months using this exact method.

However, today—on the very day I was scheduled to withdraw my profits—I received a notice that my account has been locked. This timing is highly suspicious and leads me to question the integrity of your firm. If a trader passes your rigorous evaluations fairly and then has their account closed the moment they become profitable, it suggests a lack of professional honesty.

I am requesting a clear, detailed explanation for this decision. I expect a firm of your reputation to maintain high standards of credibility to attract and retain talented traders.

I look forward to your prompt and transparent response regarding the status of my account and my earned profits.

Sincerely,

The Oanda fund is a scam. The payout wasn't approved on the due date, and they didn't refund the exam fee.

helllo. OANDA prop trader agents i need to chat with your how can i connect. i want to ask about payout methods. Can i withdraw money to visa card in funded account?

Warning scammers. OANDA banned my account said that I against their Annex B: Forbidden Trading Practices, they offer to refund my challenge fees, as the email the state down will refund within a week, after a month I still haven't receive any refund. I am sharing this so other traders are aware of the risks involved. This is a factual account of my experience.

Confusing onboarding regarding Static vs Trailing Drawdown
I believe OANDA Prop has a solid trading environment, however my experience with the onboarding and rule clarity was disappointing.

I purchased what was advertised as a new program with Static Drawdown from Phase 1, expecting a fixed equity drawdown level. Unfortunately, after trading, my account was evaluated using a Trailing Drawdown (Equity) rule instead, where the drawdown level moved upward as equity increased.

This difference is critical for traders, yet it was not made clear enough during the purchase or onboarding process. As a result, my account was breached under rules that did not match my understanding of the product I selected.

I strongly suggest OANDA Prop improve their onboarding by clearly and explicitly explaining whether an account uses Static or Trailing Drawdown, with simple examples and a confirmation step before checkout. This would help prevent misunderstandings and improve trader confidence.

I hope this feedback helps improve transparency for future traders.

Warning about OANDA fund scamming users. They have unfairly banned my account without providing any concrete evidence. Meanwhile, they are still inviting me to purchase a new challenge. This is a company with extremely poor quality and unprofessional practices.