OANDA Prop Trader, OANDA’s prop trading offering, is now
launching in South Africa. The OANDA Prop Trader program allows self-directed
traders to become signal providers for OANDA’s proprietary trading business.
This is done on a profit-sharing basis.
To join the program, traders must purchase and complete a
Challenge. The Challenge tests their ability to generate profits and manage
risk. Successful completion qualifies them to become signal providers.
South African traders who complete the Challenge can earn up
to 90% of the profits they generate. They can pay for the Challenges using
credit cards, debit cards, and cryptocurrencies .
OANDA’s Prop Trader program is already available to
residents in countries serviced by OANDA’s Global Markets division. This
division is authorized and regulated by the Financial Services Commission of
the British Virgin Islands. The launch in South Africa is significant. It
allows more skilled traders with limited capital to participate in the
financial markets.
Prop trading is growing in popularity despite controversies.
Reputed brokers like OANDA,
Axi, and Hantec Markets are entering the field, offering prop trading
services alongside traditional brokerage services. These firms typically
provide prop trading through offshore regulated entities.
Earlier, OANDA’s Head of Emerging Markets told Finance
Magnates in an interview that “the prop firm industry has the potential
to outgrow the traditional FX/CFD industry because it is more accessible,
has lower barriers to entry, such as upfront fixed fees, and involves limited
downside risk.”
Adding Crypto Payments
Finance Magnates
reported earlier that OANDA Prop Trader now
allows traders to pay for challenges with about two dozen cryptocurrencies,
including Bitcoin, Ethereum, Litecoin, Binance Coin, TUSD, USDC, and USDT, as
well as meme coins like DOGE and SHIB.
Launched earlier this year under the name OANDA Labs Trader,
the service was rebranded to better align with its offerings. Qualified traders
on the platform are treated as signal providers, with OANDA’s proprietary
models using these signals to guide market positions.
The capital in funded accounts is virtual, but real market
positions will be taken based on the traders’ signals, putting OANDA’s
proprietary capital at risk.
OANDA Prop Trader, OANDA’s prop trading offering, is now
launching in South Africa. The OANDA Prop Trader program allows self-directed
traders to become signal providers for OANDA’s proprietary trading business.
This is done on a profit-sharing basis.
To join the program, traders must purchase and complete a
Challenge. The Challenge tests their ability to generate profits and manage
risk. Successful completion qualifies them to become signal providers.
South African traders who complete the Challenge can earn up
to 90% of the profits they generate. They can pay for the Challenges using
credit cards, debit cards, and cryptocurrencies .
OANDA’s Prop Trader program is already available to
residents in countries serviced by OANDA’s Global Markets division. This
division is authorized and regulated by the Financial Services Commission of
the British Virgin Islands. The launch in South Africa is significant. It
allows more skilled traders with limited capital to participate in the
financial markets.
Prop trading is growing in popularity despite controversies.
Reputed brokers like OANDA,
Axi, and Hantec Markets are entering the field, offering prop trading
services alongside traditional brokerage services. These firms typically
provide prop trading through offshore regulated entities.
Earlier, OANDA’s Head of Emerging Markets told Finance
Magnates in an interview that “the prop firm industry has the potential
to outgrow the traditional FX/CFD industry because it is more accessible,
has lower barriers to entry, such as upfront fixed fees, and involves limited
downside risk.”
Adding Crypto Payments
Finance Magnates
reported earlier that OANDA Prop Trader now
allows traders to pay for challenges with about two dozen cryptocurrencies,
including Bitcoin, Ethereum, Litecoin, Binance Coin, TUSD, USDC, and USDT, as
well as meme coins like DOGE and SHIB.
Launched earlier this year under the name OANDA Labs Trader,
the service was rebranded to better align with its offerings. Qualified traders
on the platform are treated as signal providers, with OANDA’s proprietary
models using these signals to guide market positions.
The capital in funded accounts is virtual, but real market
positions will be taken based on the traders’ signals, putting OANDA’s
proprietary capital at risk.
