 | Get 30% Off NOW. Use Code: TFMAX |
OneUp Trader started in 2017 in Wilmington, Delaware, though details about the founder aren’t public. They evaluate traders through a single-step program and connect successful ones with funding partners. They focus on futures trading, covering equity indices, currencies, commodities, metals, energy, and micro e-minis. Account sizes range from $25,000 to $250,000, with options like Express Funding for quicker evaluations.
Trading Funder found that OneUp Trader has a 4.6 Trustpilot score from over 1,000 reviews. Positive feedback highlights their simple evaluation process, clear rules, and helpful customer service. On the downside, some users mention issues with transparency in specific cases, like unexpected trade liquidations, and concerns about being asked to submit reviews before fully experiencing the service.
OneUp Trader’s key advantages include a simple one-step evaluation, no daily loss limits, and no hidden fees. They offer free market data, a trailing drawdown that stops at the initial balance, and a high 90% profit split after the first $10,000. Disadvantages include strict rules like maintaining consistent trading patterns, withdrawal thresholds that limit access to profits, and limited flexibility with account modifications during evaluations.
OneUp Trader offers account sizes from $25,000 to $250,000, with monthly prices ranging from $105 to $350 depending on the size. Traders can access these accounts through platforms like NinjaTrader, Rithmic R|Trader Pro, and several others such as Sierra Chart and Bookmap.
OneUp Trader has specific trading rules for evaluations and funded accounts. For the evaluation, traders must trade a minimum of 10 days, meet a profit target based on the selected account size, and avoid exceeding the trailing drawdown. Consistency in trading is required, ensuring that three other best days’ profits equal at least 80% of the best day. Permitted trading hours are from 5 PM to 3:15 PM CT, and all positions must be closed outside of these times. A maximum position size applies, varying by account size.
In this article, Trading Funder provides a comprehensive review of OneUp Trader, highlighting its main features, account options, and trading guidelines to help navigate your experience with this proprietary trading firm.
What is OneUp Trader?
OneUp Trader was founded in 2017 in Wilmington, Delaware. The founders’ names aren’t publicly disclosed. They provide a platform for traders to get funded by passing a one-step evaluation focused on futures trading, including markets like commodities, indices, and currencies. Traders need to meet profit targets and follow rules like maintaining a trailing drawdown during the evaluation phase.
A futures prop trading firm funds traders to trade futures contracts using the firm’s capital. Traders keep a share of the profits while following the firm’s guidelines, with no personal financial risk involved.
who is OneUp Trader‘s founder?
The specific founders of OneUp Trader are not publicly disclosed in the available documents or resources. The firm was established in 2017 in Wilmington, Delaware, and focuses on providing funding opportunities for traders through a one-step evaluation process. Details about the founders’ history or background are not mentioned in their official materials.
What makes OneUp Trader Legit?
OneUp Trader is considered legitimate due to its transparent one-step evaluation process, lack of hidden fees, and partnership with funding providers for traders who meet their requirements. On Trustpilot, they have a score of 4.6 out of 5 from over 1,100 reviews. Positive feedback highlights their clear rules, responsive customer support, and the absence of daily loss limits. Negative reviews often mention technical issues during evaluations and dissatisfaction with trade execution or review processes. Overall, the firm has a strong reputation, with most traders appreciating its straightforward structure.
Does Makes OneUp Trader send payouts to its traders?
OneUp Trader does send payouts to its traders, as confirmed by reviews. Payments are made via bank wire or cryptocurrency (BTC and USDT). Traders keep 100% of the first $10,000 in profits and 90% of profits after that. To get paid, traders must meet withdrawal thresholds based on their account size and send a request to their funding partner. Payouts are typically processed within 1-2 business days, though crypto transactions include a 5% fee.
Does OneUp Trader have good User Reviews and Testimonials?
OneUp Trader has a Trustpilot score of 4.6 out of 5, based on over 1,100 reviews. Most positive reviews praise their clear rules, responsive customer service, and the simplicity of their one-step evaluation process. Traders also appreciate the absence of hidden fees and the flexibility in trading rules. Negative feedback includes issues like occasional technical problems during evaluations and dissatisfaction with how some trade disputes were handled. Overall, most traders report a good experience with the platform.
Does OneUp Trader have good Customer Support?
OneUp Trader is generally rated well for its customer support. Many reviews highlight quick response times and helpful assistance through email, live chat, and phone. Traders appreciate the 24/7 availability and clear guidance provided during evaluations and technical setups. However, some negative feedback mentions delays in resolving specific issues or dissatisfaction with certain responses. Overall, customer support is viewed as a strong point for the company, though experiences can vary.
What are OneUp Trader’s advantages?
Here are the advantages of OneUp Trader:
- Simple Evaluation Process: A straightforward one-step evaluation makes it easy to get funded.
- No Hidden Fees: No data fees or hidden charges, ensuring cost transparency.
- Trailing Drawdown Stops: The trailing drawdown stops at the initial account balance, allowing traders more flexibility.
- Profit Sharing: Traders keep 100% of the first $10,000 in profits and 90% thereafter.
- Support for Various Platforms: Compatibility with top trading platforms like NinjaTrader, Volfix, and others.
- Quick Funding Option: An express funding option allows eligible traders to get funded in just 5 trading days.
- Customer Support: 24/7 support through phone, email, and chat, noted for being responsive and professional.
- Educational Resources: Access to materials and a community for learning and trading strategy sharing.
- High Account Limits: Account sizes range up to $250,000, accommodating different trading needs.
- Generous Policies: No daily loss limit during the evaluation and a two-strike policy for funded accounts.
What are OneUp Trader’s disadvantages?
Here are the disadvantages of OneUp Trader based on available data and reviews:
- Challenges for Swing Traders: The evaluation rules favor day trading, making it difficult for swing traders due to the required closure of positions by 3:15 PM CT.
- Technical Issues: Some users reported problems with the trading platform, such as being logged out or difficulties with order execution during evaluations.
- Customer Support Criticism: While many praise the support, a few reviews mention unhelpful responses, delays, or issues being dismissed.
- Perception of Strict Rules: Traders find the trailing drawdown rules and trading restrictions during news events to be too rigid, potentially affecting performance.
- No Free Account Reset After Renewal: Resetting an account requires additional costs, which some traders see as a downside.
- Perceived Lack of Transparency for Some: A small number of traders feel the evaluation process is unclear or that actions like sudden stops during trades are unfair.
These points suggest that while OneUp Trader has many strengths, traders should carefully review the rules and processes to ensure they align with their trading style and expectations.
What is OneUp Trader’s Pricing?
Here is the pricing for OneUp Trader accounts in a table format:
| Account Type | Account Size | Monthly Fee |
|---|---|---|
| Evaluation Account | $25,000 | $125/month |
| Evaluation Account | $50,000 | $150/month |
| Evaluation Account | $100,000 | $325/month |
| Evaluation Account | $150,000 | $350/month |
| Evaluation Account | $250,000 | $650/month |
This pricing covers access to the evaluation process and other included benefits like a free NinjaTrader license and data fees.
Does OneUp Trader offer price discounts?
Yes, OneUp Trader offers discounts on its plans, typically ranging from 20% to 60%. Occasionally, they also run a 40% sale. To take advantage of these discounts, you can use their special discount link. They also provide a coupon code, TFMAX, which automatically updates to reflect the latest discount. The discount is applied immediately when you purchase an evaluation.
Get 30% Off NOW. Use Code: TFMAX
Does OneUp Trader allow multiple accounts?
Yes, OneUp Trader allows traders to have up to 3 active evaluation accounts at the same time. Once funded, traders can also maintain up to 3 funded accounts simultaneously, but only one of these can be an Express Funding account. Additionally, each trader is permitted only one Rithmic user ID linked to a single email address.
Does OneUp Trader offer Free Trial?
Yes, OneUp Trader offers a free 7-day trial for a $100,000 evaluation account. Traders can use the trial to explore the platform, understand the rules, and practice trading without any monitoring or obligation. To access it, sign up on their website and choose the free trial option during registration.
Does OneUp Trader offer a swing trading account?
OneUp Trader does not specifically offer a swing trading account. Their rules require all positions to be closed by 3:15 PM CT, aligning more with day trading rather than swing trading. This structure benefits traders who prefer intraday strategies.
How does OneUp Trader work?
Here’s how OneUp Trader works, step-by-step:
- Sign Up: Visit the OneUp Trader website, create an account, and select the evaluation program that matches your preferred account size (e.g., $25,000 to $250,000). A free 7-day trial for a $100,000 account is also available.
- Evaluation: Begin trading on a simulated account using supported platforms like NinjaTrader or R|Trader Pro. Meet the evaluation criteria, which include hitting profit targets, maintaining consistency, and avoiding trailing drawdown violations.
- Minimum Trading Days: Complete at least 10 trading days during the evaluation. For express accounts, this requirement is reduced to 5 days.
- Completion: Upon meeting all evaluation requirements, your performance is reviewed. This typically takes a few business days.
- Funding: After approval, you receive a funded account from one of OneUp Trader’s partners. You keep 100% of the first $10,000 in profits and 90% thereafter.
- Trading and Payouts: Trade using the funded account while adhering to the platform’s guidelines. Request payouts via bank wire or cryptocurrency. Payments are typically processed within 1-2 business days.
What are OneUp Trader’s Rules and Objectives?
Here are OneUp Trader’s trading rules and objectives:
- Minimum Trading Days: Complete at least 10 trading days in the evaluation phase (5 for express accounts).
- Profit Target: Achieve a specific profit target based on the chosen account size.
- Trailing Drawdown: Maintain the account balance above the trailing drawdown limit, which stops at the initial account balance once reached.
- Position Closure: All positions must be closed by 3:15 PM CT daily, and trading resumes after 5:00 PM CT.
- Consistency Rule: Show consistent trading by ensuring the sum of the three best trading days equals at least 80% of the largest trading day’s profit.
- Permitted Products: Trade only approved futures products, such as commodities, indices, and currencies.
The table below summarizes key trading rules for OneUp Trader’s evaluation plans, including account sizes, profit targets, trailing drawdown limits, and consistency requirements:
| Account Size | Profit Target | Trailing Drawdown | Consistency Rule | Minimum Trading Days |
|---|---|---|---|---|
| $25,000 | $1,500 | $1,500 | Three best trading days must total ≥ 80% of the largest day | 10 |
| $50,000 | $3,000 | $2,000 | Same as above | 10 |
| $100,000 | $6,000 | $3,000 | Same as above | 10 |
| $150,000 | $9,000 | $5,000 | Same as above | 10 |
| $250,000 | $15,000 | $5,500 | Same as above | 10 |
Which trading platforms does OneUp Trader use?
OneUp Trader supports 19 trading platforms, giving traders flexibility based on their preferences. The platforms include:
- NinjaTrader
- R|Trader and R|Trader Pro
- Volfix
- Bookmap
- Quantower
- Sierra Chart
- MultiCharts
- ATAS Order Flow Trading
- Medved Trader
- Agena Trader
- Investor RT
- MotiveWave
- Photon
- QScalp
- QST (Quick Screen Trading)
- Track ‘n Trade
- Trade Navigator
- eSignal
- Jigsaw Trading
Does OneUp Trader allow trade copiers?
OneUp Trader allows the use of trade copiers, but it does not endorse or affiliate with any specific trade copier vendors. Traders are fully responsible for managing and using trade copiers, including any associated technical support or performance issues. The rules require that all accounts be linked under a single User ID and email address, with a maximum of three evaluation or funded accounts allowed at one time.
Conclusion about OneUp Trader
OneUp Trader, a proprietary trading firm, boasts a strong Trustpilot rating of 4.6 out of 5, indicating largely positive feedback from its users. After evaluating this firm, the Trading Funder team found its standout feature to be the simple one-step evaluation process, which simplifies access to funding for aspiring traders. However, we also noted a limitation: traders must close all positions by 3:15 PM CT, a rule that restricts swing trading opportunities. On the positive side, with no hidden fees, a range of flexible account sizes, and highly responsive customer support, OneUp Trader emerges as a solid choice for day traders looking to choose a funding option with clear and structured rules. Through our consulting insights, we see this firm as a reliable contender for traders who prioritize simplicity and transparency.
| Get 30% Off NOW. Use Code: TFMAX |
