I wouldn’t recommend Oneup Trader to any traders as of 2023.
Oneup Trader fell out of favor long ago. They never were competitive in the futures space and continue to operate in an obscure space. There are just way too many better options for us futures traders. You can read more here about why I no longer endorse OneUp Trader.
2023 Update – I no longer actively recommend Oneup Trader. There are just far too many better companies at this point. I would recommend checking out my Funded Futures Trader Reviews, and also my Deals and Discounts page for who I currently recommend.
Oneup Trader does not run promos that I have ever seen. I recommend checking out some of the other funded trader evaluations which do – see my Deals and Promos page!
Below is my original Oneup Trader Review
OneUp Trader was one company I didn’t learn about until about 6 months into my funded trader journey in 2020. I didn’t actually sign up to try out with them until December 2020. I did get funded with OneUp Trader and MES Capital in early January 2021.
While Oneup Trader is a valid choice, at this point I feel there are far too many other options in the funded futures trader evaluation world to recommend them. Check out my Trader Evaluation Reviews page to see who I currently believe are the top companies to go with.
OneUp Trader has a 1 step evaluations, and their rules very much mirror how a real world futures account trades. Their prices are fair, and while they don’t offer discounts often I still believe they are worth the price. As well being funded with them I can say the process was simple, support is great, and every expectation you have is met.
I also like that they offer a larger $250K evaluation.
You can read more below about what I like and dislike about OneUp Trader.
Evaluations Available and Pricing
Info is current as of June 2021. You can always visit their site to see the latest or if there are any deals. You can visit OneUp Trader here. If you just want to try trading for free for 14 days, you can sign up for a 14 day trial, no credit card needed.
- Note the price/month above above is based on the 80/20 profit split, which I feel is by far the best option. You can pay slightly less and get a 50/50 profit split, but please do the math. Saving a few dollars up front will hurt you long term if you pass when you are only getting 50% of your profit instead of 80%.
When you sign up with OneUp Trader you will be able to use a free license copy of NinjaTrader software, which is pretty popular in the industry. I use somewhat and it is very powerful. You will connect to your account via Rithmic Pro, which you can also trade in but isn’t necessarily that great for trading.
Below are the general rules. Be sure to read the specific rules on their site.
- 1 step – trade for 15 days and reach the profit goal
- Trailing stop loss stops at the initial balance
- Full contracts available from day 1 – no scaling!
- Don’t hit the daily stop loss (if you do, you don’t lose your account)
Obviously if you are new to trading a lot of this might seem confusing. I recommend reading extensively over their Faqs and knowing what you are getting yourself into.
Funded Account Rules
OneUp Trader has been great to work with. The funded account trading rules honestly are basically the same as the evaluation in terms of draw down. You do enter a scaling plan when you get funded, which is available on their site to see. This is a benefit I would say, as it slows you down and you can grow into your new funded account.
Withdrawals are processed weekly, which is great. You just have to request by Wednesday to get paid the following Monday by wire transfer.
There are no data fees in the funded accounts. This is a benefit as they are the only one to do this.
There is a minimum balance to reach before you can withdraw, and. it depends on your account size. Think of this as your safety net and buffer.
Funded Account Fees
Once you are funded, there are often fees to cover data and/or 1 time set up fees. OneUp Trader has no account fees either on going or one time which is great.
Funded Account Withdraw Frequency & Methods
OneUp allows withdrawals via wire transfer only. There are no fees on withdrawals either. There is a minimum withdrawal of $1,000 though. Withdrawals can be requested any time during the week, and as long as the request is received before market closed Wednesday, it will be sent the following Tuesday via wire, otherwise you’ll wait until the following week.
Pros of OneUp Trader
- Ease of use – dashboard to track your progress
- Interactive community of OneUp Traders on their own private forum – built into your dashboard
- Great customer support
- No data fees in a funded account
- No scaling in the evaluation
- Simple – 1 step evaluation, move directly to funded. No multiple steps
- You don’t fail if you hit your daily max loss – just locked out for the day
Cons of OneUp Trader
- Software selection – you are going to have to provide your own once funded
- Minimum $1,000 withdrawal amount
- On probation first 90 days when funded
- Only NinjaTrader available for free in evaluation, and have to pay for some software after funded
- Far too many other pros with other companies at this point
Unique Standout Features
- 1 step and no scaling in evaluation
- Quick funding – mine was 1 business day
- Do not fail on hitting daily loss limit, just locked out for the day
- No data fees once funded (others are $100+ per month)
Additional OneUp Trader Articles
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
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