Oanda Labs Prop Firm is pleased to announce a series of updates to their challenge rules, designed to provide their traders with an even more conducive environment for success. Here are the key changes:

1. Oanda Labs Leverage & Tiered Margin Requirements

They have increased the leverage from 50:1 to 100:1. This change applies to all existing active challenges and those purchased hereafter. By doubling the leverage, they are providing their traders with the opportunity to control larger positions with the same amount of capital, thereby potentially enhancing their profitability.

2. Phase 1 Profit Target

The profit target for Phase 1 has been reduced from 10% to 8%. This change will be applicable to new challenges purchased from April 11th, 2024, onwards. By lowering the profit target, they aim to make it easier for their traders to successfully complete Phase 1 and progress to the subsequent phases of the challenge.

3. Minimum Trading Days

They have eliminated the requirement for a minimum number of trading days for challenge phases. Previously set at 10 days, it is now 0 days. This change applies to new challenges purchased from April 11th, 2024, onwards. By removing this constraint, they are giving their traders the freedom to complete the challenge at their own pace.

4. Profit Sharing

They have increased the profit-sharing ratio from 75% to 80%. This change applies to new challenges purchased from April 11th, 2024, onwards. With a higher share of the profits, their traders can now enjoy a greater portion of the returns from their successful trades.

5. Fees Refunded

In a move to reward success, they will refund the challenge fee paid on the first payout if your clients pass their existing challenge. This initiative is their way of acknowledging the hard work and skill that goes into passing a challenge.

These updates reflect their ongoing commitment to providing the best possible trading environment for their traders. They believe these changes will offer more opportunities and greater flexibility, thereby fostering a more successful trading community. Happy trading!