Virtual funds, real profits. OANDA Prop Trader launches in South Africa

July 26, 2024 — Over the past 25 years, OANDA has been a trusted broker for smart traders worldwide. OANDA Prop Trader, the company's prop trading offering, is now launching in South Africa, marking the next step in its growth strategy.  The OANDA Prop Trader program enables self-directed traders to become signal providers, on a profit-sharing basis, to OANDA’s proprietary trading business.

To qualify for the program, participants need to purchase and complete a Challenge. Through the Challenge, potential signal providers demonstrate their ability to generate profits and manage risk.

Now, South African traders who complete a Challenge with OANDA Prop Trader can unlock up to 90% profit share as a signal provider. Participants will be able to pay for trading Challenges using regular payment options such as credit and debit cards as well as cryptocurrencies.

OANDA’s Prop Trader is already available to residents of countries serviced by OANDA’s Global Markets division, a firm authorised and regulated by the Financial Services Commission of the British Virgin Islands. This launch into South Africa is significant as it extends the Prop Trader Challenge, enabling more skilled traders with limited capital to thrive in the financial markets.

The OANDA 10k Giveaway Opens More Possibilities For Aspiring Prop Traders

In addition, OANDA Prop Trader recently launched an exciting $10,000 Giveaway Sweepstakes, whereby entrants registering for an OANDA Prop Trader account get a chance to win a $100 voucher to purchase a Challenge.

At OANDA Prop Trader, we value our customers and are committed to rewarding their journey towards becoming successful traders.

For more information on how traders can take the next step to become signal providers, visit the OANDA Prop Trader website at https://proptrader.oanda.com/en/.

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About OANDA

Founded in 1996, OANDA is one of the world's leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe.

From its roots providing free exchange rate data on the Internet to launching a forex trading platform that helped pioneer web-based currency trading, OANDA remains dedicated to building smarter trading experiences.

With regulated entities in many of the world's most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. Depending on geographical location, these may include derivatives of global market indices, equities, commodities, treasuries, precious metals, forex, and cryptocurrencies.

For more information visit https://www.oanda.com/group/ or follow OANDA on LinkedIn.