If you’re a trader looking for a funded trading program, you may have come across OneUp Trader. OneUp Trader is a popular funded trading program that allows traders to trade with the company’s capital. In this review, we’ll take a closer look at OneUp Trader and how it works.
OneUp Trader offers a one-step evaluation process with clear and attainable targets. They don’t charge any data fees or hidden fees, and traders can enjoy a 7-day free trial account. OneUp Trader also offers free and unlimited profit withdrawals from day 1, making it an attractive option for traders who want to keep their profits. Trading with OneUp Trader is easy, and they have a 2-strike policy when funded, which means that traders have two attempts to meet their targets. OneUp Trader doesn’t have a daily drawdown, which is another plus for traders who want to keep their risk under control.
Understanding OneUp Trader
OneUp Trader is a proprietary trading firm headquartered in Delaware, USA. They provide a funded trading account to traders who pass their evaluation process. One of the advantages of OneUp Trader is that there is only one step to receive a funded trading account. There is no need to go through multiple evaluations or jump through hoops.
As a prop firm, OneUp Trader is a funding firm that provides traders with capital to trade. The firm offers a 7-day free trial account, and there are no data fees or hidden fees. OneUp Trader also offers free and unlimited profit withdrawals from day one. The ease of trading and a 2-strike policy, when funded, makes OneUp Trader an attractive option for traders.
Compared to other prop firms, OneUp Trader has been praised by traders for its clear and attainable targets. The firm offers a free NinjaTrader license and real-time market data (Level 2 included). Traders can get funded in only five days with an evaluation account, and there is no daily drawdown.
Overall, OneUp Trader is a reliable and trustworthy prop firm that provides traders with a clear path to a funded trading account. The firm’s straightforward evaluation process and attainable targets make it an attractive option for traders looking to trade with capital provided by a proprietary trading firm.
Evaluation Process
OneUp Trader offers a unique evaluation process for traders to earn funding and become funded traders. The evaluation process is designed to evaluate traders’ consistency, risk management, and profitability. The evaluation process is divided into two stages: the evaluation stage and the verification stage.
During the evaluation stage, traders are given a simulated account with a set amount of capital to trade with. Traders must meet specific rules and guidelines during the evaluation stage to earn funding. The evaluation stage has particular rules and parameters that traders must follow to demonstrate their ability to trade consistently and profitably.
Once traders pass the evaluation stage, they move on to the verification stage. In the verification stage, traders must meet additional rules and guidelines to become funded traders. The verification stage includes practices such as having a minimum of 10 trading days, a minimum of 50 trades, and a maximum drawdown of 5% of the account balance. Traders must also meet a profit target during the verification stage to become funded traders.
OneUp Trader’s evaluation program is designed to provide traders with a fair and transparent process to earn funding. The evaluation program offers clear and attainable targets, no data fees or hidden fees, and a 7-day free trial account. Traders also have ease of trading a 2-strike policy when funded and no daily drawdown. OneUp Trader also offers a free NinjaTrader license and real-time market data (Level 2 included). Traders can get financed in only five days with an excellent risk management plan and consistent profitability.
Overall, OneUp Trader’s evaluation process is an excellent opportunity for traders to earn funding and become funded traders. The evaluation process is fair, transparent, and designed to evaluate traders’ consistency, risk management, and profitability. By following the evaluation rules and guidelines, traders can demonstrate their ability to trade consistently and profitably and become a funded traders with OneUp Trader.
Funded Trading Account
OneUp Trader offers a funded trading account to traders who pass their evaluation process. The funded trading account is designed to provide traders with a risk-free environment to trade and earn profits. With a funded trading account, traders can trade with real money and keep a portion of the profits they make.
The funded trading account comes with a variety of features, including:
- No data fees or hidden fees
- Free and unlimited profit withdrawals from day one
- Ease of trading and a 2-strike policy when funded
- No daily drawdown
- Free NinjaTrader license and real-time market data (Level 2 included)
- Fast funding process (5 days)
The express funding program allows traders to bypass the evaluation process and start trading with a funded account immediately.
As a funded trader, some specific rules and requirements must be followed. Traders must trade only allowed instruments during permitted times. They must not let their account balance touch or go beyond the trailing drawdown. Traders must also follow the dynamic scaling targets and close all positions prior to and during major economic releases. Additionally, traders must maintain a minimum weekly total trade execution of at least 50% of the account’s maximum allowed trades.
Overall, the funded trading account offered by OneUp Trader is an excellent way for traders to gain experience and earn profits without risking their capital. With a variety of features and a fast funding process, OneUp Trader’s funded trading account is an excellent option for traders of all levels.
Trading Platforms and Tools
As a trader, having access to a reliable trading platform is crucial to your success. OneUp Trader offers a variety of supported platforms, including the popular NinjaTrader platform, which is available for free during the evaluation process and once funded. Other supported platforms include R | Trader, R | Trader Pro, Agena Trader, Inside Edge Trader, R Investor, Motive Wave, MultiCharts, Photon, QScalp, QST- Quick Screen Trading, ScalpTool, Track’n Trade, Trade Navigator, and Volfix.
Each platform has its unique features and capabilities, so it’s essential to choose the one that best fits your trading style and strategy. For example, the NinjaTrader platform offers advanced charting and analysis tools. In contrast, the Agena Trader platform is known for its powerful automation capabilities.
In addition to the trading platforms, OneUp Trader also provides access to a variety of trading tools and resources. These include a simulator, which allows you to practice trading without risking real money, as well as real-time market data and Level 2 data for supported platforms.
Overall, OneUp Trader provides traders with a range of trading platforms and tools to help them succeed in the markets. Whether you’re a beginner or an experienced trader, you’re sure to find a venue and toolset that meets your needs.
Rules and Limitations
OneUp Trader has specific rules and limitations that traders must follow during the evaluation phase and funded account trading. These rules and constraints are in place to ensure that traders are consistently profitable and manage risk effectively.
Evaluation Rules and Guidelines
During the evaluation phase, traders must demonstrate their ability to trade consistent. The total sum of three other best trading days must be equal to or greater than the best day.
Traders must also trade permissible products at permitted times. The allowable products include futures, forex, and stocks, and OneUp Trader defines the allowed times.
Funded Trader Rules
Once a trader has completed the evaluation phase, they will be given a funded account. Traders must follow specific rules and limitations while trading a funded account.
Traders must trade only allowed instruments during permitted times. They must not let their account balance touch or go beyond the trailing drawdown. Traders must follow the dynamic scaling targets and close all positions before and during major economic releases.
The minimum limits vary depending on the account size, and traders must refer to OneUp Trader’s website for specific details.
Drawdown Limits and Stops
OneUp Trader also has specific drawdown limits and stops that traders must follow. The drawdown limit is defined as the percentage of the account balance that a trader can lose before they are disqualified from the evaluation phase or funded account trading. The drawdown stop is defined as the percentage of the account balance that a trader must stop trading at to avoid further losses.
Traders must maintain a daily loss limit, which is defined as the maximum amount of money a trader can lose in a single trading day. The daily loss limit varies depending on the account size and can be found on OneUp Trader’s website.
Position Sizing
OneUp Trader has specific position sizing rules that traders must follow. The account size determines the position size, and traders must refer to OneUp Trader’s website for specific details.
In summary, OneUp Trader has specific rules and limitations that traders must follow to ensure consistent profitability and effective risk management. Traders must follow the drawdown limits and stops, maintain a daily loss limit, and follow specific position sizing rules.
Fees and Pricing
As a trader with OneUp Trader, you will be responsible for covering all costs related to the trading platform you use. However, once funded, you can use Rithmic R|Trader Pro and NinjaTrader Desktop (V.8.1) for free. It’s important to note that the free license for NinjaTrader includes real-time market data (Level 2 had).
In terms of fees, OneUp Trader does not charge any monthly fees or data fees. This is a great advantage for traders who want to keep their costs low. However, it’s important to note that the commission schedule for funded traders includes regulatory fees, trade commissions, platform fees, and exchange fees. These fees are factored into your overall account balance as trades are executed.
OneUp Trader’s commission schedule for funded traders is transparent and straightforward. It’s important to review the schedule carefully to understand how much you will be charged for each trade.
Overall, OneUp Trader offers competitive pricing and a transparent fee structure for traders. With no monthly or data fees and a clear commission schedule, traders can focus on their trading strategies without worrying about hidden fees or costs.
Support and Customer Service
OneUp Trader provides excellent support and customer service to its users. The support team is available 24/7 to assist you with any questions or concerns you may have. You can contact them through email, phone, or live chat. The response time is quick, and the representatives are knowledgeable and friendly.
The OneUp Trader website also has a comprehensive FAQ section that covers a wide range of topics, from account setup to trading rules. The articles are well-written and easy to understand, making it a great resource for new traders.
One of the great features of OneUp Trader’s customer service is the ease of withdrawal. The company’s customer service team responds promptly to withdrawal requests, and the process is straightforward and hassle-free. The company also offers personalized email responses to customers, which is a nice touch.
Overall, OneUp Trader’s support and customer service are top-notch. The team is knowledgeable, friendly, and always available to assist you with any questions or concerns. The website’s FAQ section is also a great resource for new traders, and the ease of withdrawal is a standout feature.
Additional Features
OneUp Trader offers a range of additional features to enhance your trading experience. Here are some of the key features:
Free Trial
OneUp Trader offers a 7-day free trial account for traders to test out their platform and services. This is a great opportunity for traders to get a feel for the platform before committing to a funded account.
Education
OneUp Trader provides a variety of educational resources to help traders improve their skills and knowledge. This includes webinars, videos, and articles on trading strategies, risk management, and more.
Social Dashboard
OneUp Trader’s social dashboard allows traders to connect with other traders, share ideas, and collaborate on trades. This feature is a great way to stay connected with other traders and learn from their experiences.
Advanced Analytics
OneUp Trader’s advanced analytics tools provide traders with detailed insights into their trading performance. This includes metrics such as win/loss ratio, average trade duration, and more.
Latest Industry News
OneUp Trader provides traders with the latest industry news and updates, keeping them informed about market trends and events that may impact their trades.
Referral Program
OneUp Trader’s referral program allows traders to earn commissions by referring other traders to the platform. This is a great way to earn extra income while also helping other traders discover the benefits of OneUp Trader.
Overall, OneUp Trader’s additional features provide traders with a comprehensive trading experience that goes beyond just trading. With a focus on education, community, and analytics, OneUp Trader is a great choice for traders looking to improve their skills and connect with other traders.
Reliability and Transparency
OneUp Trader prides itself on its reliability and transparency. The platform is available 24/7, providing traders with the flexibility to trade whenever they want. The company uses a proprietary algorithm to evaluate traders and fund them based on their performance, ensuring that only the most skilled traders receive funding. This approach makes OneUp Trader a reliable choice for traders who want to grow their accounts.
The company is also honest and transparent about its evaluation process. OneUp Trader provides clear guidelines on how traders can qualify for funding, and the evaluation rules and parameters are clearly defined on the company’s website. This transparency ensures that traders know exactly what they need to do to receive funding and can work towards achieving those goals.
OneUp Trader’s user-friendly dashboard also contributes to the platform’s reliability. Traders can easily navigate the dashboard to access their account information, track their progress, and manage their trades. The platform’s efficiency allows traders to focus on trading rather than being bogged down by administrative tasks.
Overall, OneUp Trader’s reliability and transparency make it a top choice for traders who are looking for a trustworthy and efficient platform to grow their accounts.
Comparisons and Alternatives
When it comes to funded trading programs, there are a number of alternatives to OneUp Trader that you may want to consider. Here are a few comparisons to help you make an informed decision:
- Topstep Trader: One of the most well-known competitors to OneUp Trader, Topstep Trader offers a similar evaluation process and funding structure. However, Topstep Trader charges data fees and has a more complex evaluation process with multiple steps. OneUp Trader, on the other hand, has a straightforward evaluation process with clear and attainable targets and does not charge any data fees.
- FTMO: Another popular funded trading program, FTMO offers a similar structure to OneUp Trader, with a one-step evaluation process and clear funding targets. However, FTMO has a more stringent risk management policy, with a maximum drawdown limit of 10%. OneUp Trader, on the other hand, has no daily drawdown limit.
- The5%ers: The5%ers is a newer funded trading program that offers a unique profit-sharing model. Traders start with a $24,000 account and can earn up to 50% of their profits. However, The5%ers has a more complex evaluation process and requires traders to trade a minimum of 30 days before being eligible for funding.
Ultimately, the choice between these funded trading programs will depend on your personal preferences and trading style. OneUp Trader stands out for its clear and attainable evaluation process, lack of data fees, and ease of trading, making it a solid choice for traders looking to get funded quickly and efficiently.
Conclusion
In conclusion, OneUp Trader offers a unique opportunity for traders to trade risk-free and access capital through its funded trading program. The program is affordable and provides a money-back guarantee if the trader does not meet the profit target.
OneUp Trader’s community of traders offers a supportive environment for beginner traders to learn and experienced traders to share their knowledge. The platform provides access to currency futures, commodity futures, and indices, making it a versatile option for traders.
The profit share and profit withdrawals are high, and the payout ratio is competitive. OneUp Trader’s research and analysis tools help traders make informed decisions and maintain consistency in their trading strategy.
The platform offers leverage and access to capital, allowing traders to grow their trading careers. The refunded account option provides an opportunity for experienced traders to prove their consistency and become prop traders.
Overall, OneUp Trader is a reliable and trustworthy platform for traders looking to take their trading career to the next level.