OANDA’s challenge fees start at just $35, and with Best Prop Firms, you’ll save 20% on your evaluation, making it one of the cheapest prop trading firms. This exclusive discount is ideal if you are looking to minimize expenses with one of the most reputable prop firms in the industry.
The best deal offered by OANDA is the PROPFIRMS coupon code, which gives traders 20% off Classic and Boost challenge fees. This is one of the best discounts available and helps prop traders lower their upfront costs while accessing OANDA’s funded accounts. OANDA also offers refunds on challenge fees after the first payout, making it a competitive option among prop trading firms.
PROPFIRMS
OANDA Prop Trader offers two evaluation-based funded accounts, and to reduce your upfront fees you can use our discount codes and receive 20% off.
✅ OANDA Discount Code: PROPFIRMS
✅ Savings: 20% off all challenge fees)
✅ Valid For: All Classic & Boost challenges
✅ How to Redeem: Enter PROPFIRMS at checkout
With this promo code, prop traders can access OANDA’s funded accounts at a reduced cost, keeping more capital for their forex trading strategies.
Using an OANDA Prop Trader coupon code is quick and simple. Follow these steps to apply your discount:
By using this OANDA promo code, traders save money on challenge fees while securing a funded account with one of the best prop trading firms.
There are two types of OANDA Prop Trader accounts to choose from: Classic or Boost.
The PROPFIRMS coupon code applies a 20% discount to Classic Challenge fees, helping traders save up to $480 on the 500K account.
| Account Size | Standard Fee | Fee With PROPFIRMS (20% Off) | You Save |
|---|---|---|---|
| $5,000 | $35 | $28.00 | $7.00 |
| $10,000 | $60 | $48.00 | $12.00 |
| $25,000 | $199 | $159.20 | $39.80 |
| $50,000 | $299 | $239.20 | $59.80 |
| $100,000 | $599 | $479.20 | $119.80 |
| $188,888 | $888 | $710.40 | $177.60 |
| $250,000 | $1,200 | $960.00 | $240.00 |
| $500,000 | $2,400 | $1,920.00 | $480.00 |
Boost Challenges provide higher payouts with a static drawdown, making them ideal if you are looking for 90% profit splits after the first payout.
| Account Size | Standard Fee | Fee With PROPFIRMS (20% Off) | You Save |
|---|---|---|---|
| $10,000 | $99 | $79.20 | $19.80 |
| $50,000 | $399 | $319.20 | $79.80 |
| $100,000 | $699 | $559.20 | $139.80 |
| $500,000 | $2,400 | $1,920.00 | $480.00 |
Using the PROPFIRMS discount code, traders can reduce their challenge fees and start trading with OANDA at a lower cost. Whether you prefer the structured Classic Challenge or the higher-reward Boost Challenge, these exclusive discounts help you keep more of your own funds to develop your trading skills.
Once traders pass OANDA’s two-step evaluation, they receive a funded account with profit splits ranging from 80% to 90%. However, all traders must adhere to strict trading rules to maintain their account.
If a trader exceeds the daily or total drawdown, their funded account is automatically closed, and they must restart the evaluation process. OANDA does not allow resets on failed accounts. However, traders can repurchase a challenge at a discount, depending on their previous account type.
No, OANDA does not offer a deposit bonus, but traders can reduce their challenge fees using the PROPFIRMS coupon code for 20% off Classic and Boost challenges. For traders looking for refund-based promotions, FundedNext offers a 120% refund on challenge fees after the first payout, for more info, you can read about FundedNext promo codes.
Yes, OANDA is a solid choice for forex trading, offering tight spreads, MT5 access, and leverage up to 100:1. However, for traders looking for better trading conditions, firms like FundedNext, IC Funded, and DNA Funded offer lower spreads, higher leverage, and more platform options. Explore our the best forex prop firm list to find the top options.
OANDA Prop Trader offers access to forex, indices, and commodities, covering 36 forex pairs, 15 global indices, and 5 major commodities. While cryptocurrency trading is not available, traders can take advantage of competitive spreads and up to 100:1 leverage on forex markets.
Yes, OANDA allows Expert Advisors (EAs) on MetaTrader 5, enabling traders to use automated strategies. EAs can help with trade execution, risk management, and market analysis, making them a valuable tool for prop traders looking to optimize their trading strategies.
The cheapest prop firm is IC Funded, with challenge fees starting at $49 and a 25% discount using PROPFIRMS25. OANDA also offers affordable prop trading, with Classic Challenge fees starting at just $35, making it one of the lowest-cost prop firms available.
Prop trading firms fund skilled traders to trade with the firm’s capital, sharing profits in return. To qualify, traders must pass an evaluation process that tests their profitability and risk management skills. This setup allows traders to scale without using personal funds while ensuring firms work with disciplined traders. For a full breakdown of the evaluation process, visit our guide on how prop trading challenges work.
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