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Hit 8% profit target with 10% max drawdown. 80% profit split.
The OANDA Prop Trader $500,000 2-Step Classic challenge costs $2,400 and requires you to hit a 8% profit target in Phase 1 (then 5% in Phase 2) while keeping your drawdown below 10% and daily loss below 5%. Upon successful completion, you'll receive a 80% profit split with payouts every Bi-weekly.
OANDA Prop Trader uses a trailing drawdown calculation. This means your maximum loss level moves up as your equity grows — once your account reaches a new high, the stop-out rises with it.
Practice the exact OANDA Prop Trader 2-Step Classic rules below — 8% profit target, 10% max drawdown, 5% daily loss. No account required.