OANDA Prop Trader: Closed since 31 Mar 2026
OANDA Prop Trader was the in-house prop trading challenge programme of the broker OANDA. It launched in January 2024 as "OANDA Labs Trader" (offered through OANDA's BVI-regulated Global Markets arm) and was renamed OANDA Prop Trader by mid-2024; its last published challenge terms name OANDA Assessments Limited (Malta, C 106331) as the operator. After FTMO bought OANDA (deal agreed February 2025, closed 1 December 2025), the group announced on 2 March 2026 that the programme would move into FTMO Group and formally end on 31 March 2026. Active clients were offered incentives to migrate to FTMO or refunds where applicable. The programme is no longer sold: proptrader.oanda.com now redirects to ftmo.com.
Key facts
- Status
- Closed
- Founded
- Jan 2024
- Stopped trading
- 31 Mar 2026
- Company
- OANDA Assessments Limited (Malta)
- Former website
- proptrader.oanda.com
- Trustpilot
- 3.6 · 477 reviews
- Continues as
- FTMO
What happened: timeline
| Date | Event | Source |
|---|---|---|
| 22 Jan 2024 | OANDA launches its prop programme, initially branded OANDA Labs Trader, for clients of its BVI-regulated Global Markets division | oanda.com |
| 7 Jun 2024 | Launch press release updated to the new name OANDA Prop Trader (formerly OANDA Labs Trader) | oanda.com |
| 3 Feb 2025 | CVC funds agree to sell OANDA Global Corporation to FTMO | cvc.com |
| 26 Aug 2025 | FTMO relaunches in the US through a separate partnership with OANDA (ftmo.oanda.com), distinct from OANDA Prop Trader | financemagnates.com |
| 1 Dec 2025 | FTMO completes the acquisition of OANDA after regulatory approvals | oanda.com |
| 30 Jan 2026 | Last version of the challenge terms, naming OANDA Assessments Limited (Malta) as operator | legal.oanda.com |
| 2 Mar 2026 | OANDA and FTMO announce the programme will transition into FTMO Group and conclude on 31 March 2026; migration incentives or refunds offered to active clients | oanda.com |
| 31 Mar 2026 | OANDA Prop Trader formally concludes | ftmo.com |
| 29 Sep 2026 | proptrader.oanda.com (including the /ftmo/ migration page) returns a 302 redirect to ftmo.com/en/ | proptrader.oanda.com |
What about trader payouts?
The official announcement says active clients were offered exclusive incentives to move to FTMO and full refunds where applicable for those who did not migrate; the incentives were not published. No public reports of systematic unpaid payouts were found; some Trustpilot reviews complain of slow payouts and account terminations.
If you are owed money by a closed firm, keep your account statements, payout requests and correspondence, check whether the firm's terms name a legal entity and jurisdiction, and follow official announcements rather than third-party “recovery” services, which are a common scam.
Active alternatives to OANDA Prop Trader
| # | Firm | Score | From | Per $10K | Payouts | |
|---|---|---|---|---|---|---|
| 1 |  The5ers | 4.4 | $22 | $65.80 | Bi-weekly | Visit |
| 2 |  FundedNext | 4.3 | $32.99 | $65.99 | Weekly | Visit |
| 3 |  FTMO | 4.3 | €79 | €72.40 | Bi-weekly | Visit |
| 4 |  FundingPips | 4.2 | $33 | $69.80 | Weekly | Visit |
| 5 |  Fintokei | 4.2 | $44 | $72 | Bi-weekly | Visit |
| 6 |  Hola Prime | 4.1 | $39 | $71.60 | Bi-weekly | Visit |
| 7 |  Funded Trading Plus | 4.1 | $4 | $69.80 | Daily | Visit |
| 8 |  Ment Funding | 4.0 | $250 | $86 | Daily | Visit |
Active forex firms without open warnings, ranked by our score. See also the most established prop firms and how to check a firm before you pay.
FAQ
Is OANDA Prop Trader still operating?
No. As of September 29, 2026 its status in our records is: closed (since 31 Mar 2026). OANDA Prop Trader was the in-house prop trading challenge programme of the broker OANDA.
Did OANDA Prop Trader pay its traders?
The official announcement says active clients were offered exclusive incentives to move to FTMO and full refunds where applicable for those who did not migrate; the incentives were not published. No public reports of systematic unpaid payouts were found; some Trustpilot reviews complain of slow payouts and account terminations.
What are the best alternatives to OANDA Prop Trader?
Active forex firms with the highest scores in our data: The5ers, FundedNext, FTMO.
What is OANDA Prop Trader called now?
OANDA Prop Trader continues as FTMO.
Sources
- www.oanda.com/group/press-release/oanda-unveils-labs-trader-program/: launch date, original OANDA Labs Trader name, rename to OANDA Prop Trader
- www.financemagnates.com/forex/oanda-launches-prop-trading-services-under-bvi-ent: launch under BVI-regulated OANDA Global Markets
- legal.oanda.com/?code=ola_terms&language=en: operating entity, jurisdiction, registration number, terms date
- www.cvc.com/media/news/2025/cvc-funds-agree-sale-of-oanda-to-ftmo/: FTMO acquisition agreement date
- www.oanda.com/group/press-release/oanda-acquired-by-ftmo/: acquisition completion date
- www.financemagnates.com/forex/ftmo-returns-to-us-new-domain-signifies-oanda-inte: FTMO x OANDA US partnership (separate product)
- www.oanda.com/group/press-release/oanda-prop-trader-transition-ftmo-group/: transition announcement, migration incentives and refunds
- ftmo.com/en/press-release/oanda-prop-trader-to-conclude-as-ftmo-strengthens-its-: closure date 31 March 2026
- fxnewsgroup.com/forex-news/retail-forex/oanda-announces-transition-of-its-prop-t: news confirmation of transition
- www.leaprate.com/forex/brokers/ftmo-to-close-oanda-prop-trader-programme/: news confirmation of closure
- proptrader.oanda.com/: current site status (redirect to ftmo.com)
- www.trustpilot.com/review/proptrader.oanda.com: Trustpilot score and review count
Checked September 29, 2026. Found newer information? Tell us. See all closed prop firms.