US-based brokerage firm OANDA has announced the launch of OANDA Labs Trader, a new profit-sharing program for traders.

OANDA Labs Trader offers talented investors and traders the opportunity to become signal providers for OANDA's proprietary trading business on a profit-sharing basis.

Traders registered with OANDA Global Markets, a company regulated by the British Virgin Islands Financial Services Commission, will be able to take advantage of the program.

To participate in the OANDA Labs Trader program, traders must be assessed through a trading challenge that allows them to test and demonstrate their skills and strategies using virtual funds.

Upon successful assessment, traders will have the opportunity to access an OANDA Labs Trader account and share in the profits and losses they make. OANDA's proprietary trading models use trading signals generated by OANDA Labs traders in combination with other input variables to make OANDA's market positioning decisions.

Although the capital in an OANDA Labs trader's account is virtual, traders are entitled to a share of the profits generated in their account. In addition, OANDA Labs traders have access to the company's technology and market connections to generate profitable signals.

"Our vision is to provide a smarter trading experience for our clients. Through this program, the most capable traders have simplified access to the global financial markets across a range of assets. In addition to the share they can earn from profitable virtual trading, traders will receive the tools they need, such as educational materials and exclusive data-driven features and widgets, to set them up for trading success. We look forward to expanding our proprietary trading activities by using valuable signals from Labs Traders as input to our trading models," said Kurt vom Scheidt, Chief Operating Officer of OANDA.

"OANDA Labs Trader is also a vibrant new brand that will resonate with traders and retail investors around the world," the company said in a message.