Looking for a simple way to become a funded futures trader? OneUp Trader might be the answer. This review covers their one-step evaluation process, costs and features to help you decide if this prop firm is right for your trading goals. Read on to find out if OneUp Trader could be your ticket to trading with big capital without risking your own money.
Features
OneUp Trader is a futures prop firm that offers a straightforward way to get funded. Their main selling point is a one-step evaluation process, making it easier for traders to qualify for funding compared to multi-step challenges at other firms.
They only focus on futures trading, with account sizes from $25,000 to $250,000. They give traders access to over 50 trading instruments, including equity futures, interest rate futures, currency futures, agricultural futures, energy futures, metal futures and micro e-mini futures.
OneUp Trader’s features include:
- One-Step Evaluation: Unlike other prop firms that require multiple evaluation phases, OneUp Trader has a single step. Traders must trade for at least 10 days and hit a profit target to get funded.
- No Daily Loss Limits: No daily loss restrictions, so traders have more freedom with their strategies.
- Trailing Drawdown: Your account has a trailing drawdown limit that stops at the initial starting balance, so risk management is more predictable.
- Big Profit Split: Funded traders get 100% of their first $10,000 in profits and 90% of profits thereafter, one of the best splits in the industry.
- Platform Options: Traders can choose from over 20 supported trading platforms, with a free NinjaTrader license included with every account.
- Express Funding: Previously funded traders can requalify in 5 trading days instead of 10 days through the Express Funding program.
- Trading Community: OneUp Trader has a private community for traders who subscribe to their educational programs, plus active social media presence on Instagram and Twitter.
- 24/7 Support: Support is available 24/7 through multiple channels including live chat, email and phone.
- Free Trial: 7 day free trial with a $100,000 account available for traders who want to try before they commit.OneUp Trader’s evaluation has specific rules. Traders must show consistent performance, with their three other best trading days equal to at least 80% of their largest profit day. Automated trading and EAs are allowed but high frequency trading with durations under 10 seconds is not. Copy trading is allowed only between accounts registered under the same name.
Costs
OneUp Trader uses a monthly subscription model for their evaluation accounts. The cost varies based on the account size you choose:
| Account Size | Monthly Fee | Profit Target | Trailing Drawdown | Max Contracts |
|---|---|---|---|---|
| $25,000 | $65 | $1,500 | $1,500 | 3 |
| $50,000 | $75 | $3,000 | $2,500 | 6 |
| $100,000 | $150 | $6,000 | $3,500 | 12 |
| $150,000 | $175 | $9,000 | $5,000 | 15 |
| $250,000 | $325 | $15,000 | $5,500 | 25 |
OneUp Trader’s payment structure is unique in that you only pay 50% of the evaluation fee upfront. The remaining 50% is only due if you pass the evaluation and get funded. This reduces your initial cost and financial risk.
| Account Size | Express Funding Monthly Fee |
|---|---|
| $25,000 | $115 |
| $50,000 | $125 |
| $100,000 | $200 |
| $150,000 | $275 |
| $250,000 | $425 |
If you hit the trailing drawdown limit, account reset fees apply: $50 for $25K and $50K accounts, and $100 for larger accounts.
Trading commissions are:
- Standard contracts: $2.50 one-way trade ($5.00 round trip)
- Micro contracts: $1.00 one-way trade ($2.00 round trip)
They accept credit and debit card payments (Visa, MasterCard, AmEx, and Discover) but do not currently accept cryptocurrency payments.
Summary
OneUp Trader offers futures traders a simple way to trade with funded capital. The one-step evaluation process is simpler than many others, so you can qualify for funding in as little as 10 days.
They stand out with their big profit split (100% of the first $10,000 and 90% thereafter) and flexible payment structure where you only pay half the evaluation fee upfront. The free NinjaTrader license and multiple platform options give you flexibility in how you approach the markets.
But OneUp Trader is only for futures trading, so if you want to trade forex, crypto or equities, this might not be for you. The monthly subscription model can get expensive if you don’t pass the evaluation quickly. Some traders have also reported issues with rule enforcement and platform stability.
Pros and Cons
**Pros:Pros:
- One-step evaluation process
- No daily loss limits
- 100% of first $10,000 (90% thereafter)
- Free NinjaTrader license
- 20+ trading platforms to choose from
- Pay 50% of evaluation fee upfront
- 24/7 support
- 7-day free trial
Cons:
- Futures only
- Monthly fees add up
- Tight trailing drawdown
- Credit/debit cards only
- $1,000 min. withdrawal
- Educational resources extra
- Some inconsistent rule enforcement
OneUp Trader is for disciplined futures traders who want simplicity and fast funding. If you have a solid strategy and can hit targets within a few weeks, this platform works for you. But if you want more asset classes or lower costs, look elsewhere.