OneUp Trader Review

OneUp Trader Ratings at a Glance

Headquartered in Wilmington Deleware, OneUp Trader is a prop trading company offering funded trading accounts. Prop companies find  skilled traders and pairs them with reputable funding partners if they successfully pass the evaluation. Traders must hit the profit target by following the rules and trading for a minimum of 15 days.. For a fee, you can trade an account with a value of up to $250,000.

The process is as follows;

• You choose a funded trading evaluation account.
• You follow the rules and trade a minimum of 15 days.
• Your account reviewal takes 2-3 days.
• The funding partners send you a contract and login information for your new funded trading account.
• You begin trading risk free as a funded trader.

The process can be summarized as follows:

1. Choose any evaluation account of your choice ($25,000 to  $250,000 )
2. Complete the evaluation in 15 trading days minimum.
3. Receive funding from a Prop Trading Firm

If you’d like to try the OneUp prop trading  before you commit money, you can start a seven-day free trial.

The Funded Trading Rules

The rules for trading OneUp Traders funded accounts include the following.

• Trade only allowed instruments during permitted times.
• Do not allow your Account Balance to touch or go beyond the Trailing Drawdown.
• Follow the Dynamic Scaling Targets.
• All positions must be closed prior to and during major economic releases.
• Must maintain a minimum weekly total trade execution of no less than 50% of the average number of trades successfully completed on the evaluation. Trading volume is calculated and assessed on a weekly basis at the end of that trading week.  Average weekly trading volume execution calculations do not include CME holidays and will be prorated for those weeks.  Must notify and request account hold approval from funding partner for extended inactivity requests.
• Must have a positive net PnL greater than the initial starting balance at the end of 15 calendar days and in subsequent 15 calendar day intervals – Rule only applies during the initial 90-day probationary period, starting from the account's first trading day. Discretionary warnings are issued if the account balance is below the initial starting balance. 

The number of contracts you can hold differs according to the account size, as do the maximum loss, profit targets and drawdown amounts. If you break the rules, you will lose your funded trading account, though OneUp will give you one chance to correct the problem. 

If you break the rules a second time, you must pass the evaluation test again to reopen your account. The cost to reset the account is $100. The number of times you can reset your funded trading account is unlimited. 

Trading Tools

The platform provides a social network where users can share notes and advice. It also provides market news, live economic data and a range of financial analysis tools. You can use the Ninja Trading platform free of charge. Once you pass the evaluation, you can use one of 20 trading platforms for trading and analysis, though you pay for the platform use. 

The Evaluation

Before you can start to trade, you will have to pass an eligibility test. You have 15 working days to prove your trading skills on the online assessment. If you pass the evaluation, you must complete a questionnaire and sign a contract before you receive the funds to trade. 

OneUp Trader offers high-quality 24/7 real-time customer service. You have access to the OneUp trading community via Discord. In addition, OneUp Trader provides users with plenty of educational information through webinars and quality videos. 

OneUp Trader protects client information using standard encryption methods. Concerned users can enquire about the OneUp Trader privacy policy by emailing support@oneuptrader.com using the privacy policy inquiry as the email subject. 

If you decide that you’d like to be funded by OneUp, you’ll pay a subscription based on the desired account value. Funds will be available for you to start trading within days. Keep 100% of your profits up to $10,000, after which you keep 90% of the profit. 

Funded traders pay no data fees, which saves $444 per month. Enjoy free unlimited profit withdrawals after funding, and withdraw funds as soon as you have made a profit. Withdrawal requests are processed on the same day.

Other similar platforms make traders wait for weeks before they can withdraw their funds. Because competitor funders are often the recruiters, they don’t want traders to make withdrawals. At OneUp Trading, our funding partners have no role in recruitment, so there is no conflict of interest.

You can choose from five accounts, depending on your trading style, risk tolerance and budget. The lowest-value account ($25,000) costs $125 monthly and the highest ($250,000) costs $650 per month.  

OneUp Trader offers a one-step evaluation with fair and attainable targets. It takes only a few minutes to set up an account. Once you’ve passed the evaluation, you will receive funding within days. There are no restrictions on how you trade. 

The funding partners are fair, using a two-strike policy for rule violations. They use a groundbreaking trailing drawdown that increases a defined distance as the account balance increases. The trailing drawdown is an auto-liquidate threshold value; that’s the maximum that your account can lose. If the account balance drops below that balance, it won’t be eligible for funding. But once the trailing drawdown reaches your initial starting balance, it doesn’t change. 

OneUp Trader vs. Competitors

Competition is stiff in the prop trading environment, so companies have developed innovative products to capture market share. Each product offering differs in many aspects, including eligibility tests, funds availability and trading options. All prop trading companies offer training and support and charge service subscriptions or fees. Here are some comparisons. 

In the realm of prop trading, OneUp Trader offers a solid deal. The one-step evaluation is simpler than required by many competitors. The company has five account options with different rules and subscriptions and a wide range of trading options. OneUp Trader also equips traders with a broad range of educational materials and market analysis tools. 

Frequently Asked Questions