OneUp Trader Review

OneUp Trader is a well-known prop trading firm from the United States.

But is OneUp Trader a scam?

No, it isn’t!

Our review and experience show that OneUp Trader is a safe proprietary trading firm.

Sign up with OneUp Trader now!

You can share your experiences with OneUp Trader within our comment section.

Key Takeaways

• OneUp Trader is a legit prop trading firm that makes getting funded for trading simple with their 1-step evaluation. Plus, you won’t get disqualified for hitting the daily loss limit during evaluation
• This prop firm offers funded accounts up to $250,000. They have a unique profit share: traders keep 100% of the profits up to $10,000, then 90% after that. You can request payout anytime
• Read this review of OneUp Trader to learn about its key features, including account sizes, trading rules, limitations, and even real user experiences to make an informed decision

About OneUp Trader

OneUp Trader is a prop trading firm that was founded in 2017. It is headquartered in Wilmington, Delaware. Now the first thing we have noticed is that they maintain a private profile, with no public information about the CEO or founder.

All we know is that there is a team of experienced traders behind this firm with great knowledge in prop trading. Even though OneUp Trader is not the most transparent prop trading firms, they still have a solid positive reputation.

They have a high 4.7-star rating on Trustpilot and positive reviews on Benzinga as well. These suggest that OneUp Trader is a genuine trading company and not a scam.

Safety and Regulation

OneUp Trader prioritizes data security but does not hold financial regulatory licenses. This is because they don’t manage client funds or execute trades on their behalf. Therefore, they don’t fall under the same regulatory requirements as brokers.

Even though OneUp Trader is not financially regulated, they operate under the business and trade laws of North Carolina and the United States. Furthermore, this funded trader adheres to PCI and DSS compliance standards.

These industry-recognized protocols ensure secure handling of financial data. Keep in mind that OneUp Trader focuses solely on futures contracts. This means no forex, stocks, or other asset options are available.

Accepted Countries

OneUp Trader welcomes traders from most countries, with some exceptions. Sanctioned countries by the Office of Foreign Assets Control (OFAC) are not allowed to participate. This includes countries like Iran, North Korea, and Cuba. You can find out if your country is eligible for the free trial during signup.

There are some additional considerations for traders from Ukraine and Russia. They can still use the platform, but they’ll need to pay with a valid credit or debit card and can only withdraw funds in cryptocurrency. Here are a few of the most important countries:

• Australia: Yes, registration is possible
• Canada: Yes, registration is possible
• Ghana: Yes, registration is possible
• Hong Kong: Yes, registration is possible
• India: Yes, registration is possible
• Ireland: Yes, registration is possible
• Kenya: Yes, registration is possible
• New Zealand: Yes, registration is possible
• Nigeria: Yes, registration is possible
• Pakistan: Yes, registration is possible
• Philippines: Yes, registration is possible
• Singapore: Yes, registration is possible
• South Africa: Yes, registration is possible
• United Kingdom: Yes, registration is possible
• United States: Yes, registration is possible

Evaluation Process

OneUp Trader’s one-step evaluation process tests your skills with a clear goal: make a 6% profit on your starting account balance and trade for a minimum of 15 days (or 5 days for their Express program) while following their rules.

There’s no daily loss limit, but a trailing drawdown rule is in place. This means your account value can fluctuate, but losses are measured against the highest point it reached, not your starting investment. Once you meet your profit target, you can get your funded account within days.

• Evaluation Accounts
• Funded Accounts
• Express Funded Accounts

Evaluation Accounts

OneUp Trader offers evaluation accounts ranging from $25,000 to $250,000. There is a monthly fee to use these accounts, and it depends on how much starting capital you choose.

The fee goes from $125 per month for the smallest account to $650 per month for the largest account. Keep in mind that they use a trailing drawdown to manage risk. You will need to trade for a minimum of 15 days and hit the profit target to pass evaluation. Check out the details below:

Funded Accounts

Pass their evaluation program and you’ll be rewarded with a funded account. The rules are the same as before but with more advantages. You can keep 100% of your profits of up to $10,000.

After that, the profit split is 90/10. You can also request payouts at any time. They also provide a free NinjaTrader license and real-time market data. In addition, there’s also a 2-strike policy to manage risk.

Express Funded Accounts

OneUp Trader offers express funded accounts to traders who previously had a funded trading account but lost it in the past 30 days. The evaluation period is shorter. You will only need to trade for 5 days. If you pass the evaluation, you can get a new account.

This is a faster way to regain access to a funded account. There is a monthly fee for this funded trader program, and the amount depends on the size of the account you qualify for. And you can only get an account size that matches your previously funded account. All the rules are the same except for the monthly fee.

• Monthly Fee For $25K Account Size: $225
• Monthly Fee For $50K Account Size: $250
• Monthly Fee For $100K Account Size: $400
• Monthly Fee For $150K Account Size: $550
• Monthly Fee For $250K Account Size: $850

Challenge Trading Rules

For your account’s safety, follow these evaluation rules:

• Profit Target
• Profit Split
• Trading Period
• Minimum Trading Days
• Maximum Daily Loss
• Maximum Loss
• Maximum Position Size
• Maximum Capital Allocation and Multiple Accounts
• Trading Types
• Leverage
• Trading Style
• Trading Hours
• News Trading
• Weekend and Overnight Trading
• Expert Advisor
• Copy Trading

Profit Target

To get funded by OneUp Trader, you need to hit two goals. The first is a profit target, which depends on the account size you pick. It is the minimum you need to earn.

The other goal is consistency. You can’t just have one lucky day. They want to see you trading profitably on most days, with at least three days where your profits add up to 80% of your best trading day. This shows you can trade well over time. Here are the profit targets for each account sizes:

• For $25K Account: $1500
• For $50K Account: $3000
• For $100K Account: $6000
• For $150K Account: $9000
• For $250K Account: $15000

Profit Split

OneUp Trader offers a 90/10 profit-sharing deal when you get funded. They keep a smaller share, 10%, and traders get the bigger share, 90% of the profits. In addition, you get to keep 100% of your first $10,000 in profits.

Trading Period

This trader is relaxed about how long you take to complete their trading challenge. There’s no set deadline to meet the requirements. You can take your time and trade at your own pace to get funded. If things don’t go well, you can even reset your account for a fee and try again.

Minimum Trading Days

OneUp Trader has a minimum trading requirement, not a maximum. You need to trade for at least 15 days to be eligible for funding. These days must be active trading days, so weekends and holidays don’t count.

Maximum Daily Loss

OneUp Trader actually removed their maximum daily loss limit. You can trade with more freedom without worrying about your account being restricted.

Maximum Loss

OneUp Trader uses a trailing drawdown instead of a maximum loss limit. This means your account has a buffer zone that shrinks as your profits grow.

It’s like a safety net that adjusts as you do better. It encourages responsible trading while allowing some breathing room for losses. The maximum trailing drawdown for different account sizes are as follows:

• For $25K Account: $1500
• For $50K Account: $2500
• For $100K Account: $3500
• For $150K Account: $5000
• For $250K Account: $55000

Maximum Position Size

OneUp Trader limits your maximum position size based on the account you choose. This prevents you from risking too much on a single trade. It’s like a safety guard to avoid putting your entire account on the line. The bigger the trading capital, the bigger the position size.

• For $25K Account: 3 Contracts
• For $50K Account: 6 Contracts
• For $100K Account: 12 Contracts
• For $150K Account: 15 Contracts
• For $250K Account: 25 Contracts

Maximum Capital Allocation and Multiple Accounts

OneUp Trader focuses on risk management through account sizes rather than a single maximum capital allocation. You pick a specific account size during evaluation, which indirectly sets your starting capital.

Once you pass an evaluation, you will be trading with the capital you qualified for. And that will also be the maximum allocation for that specific account.

Furthermore, you can apply to their funded trading program with multiple accounts at once.

However, traders are only allowed to have one Express Funding account. In addition, you can be funded on up to 3 regular accounts simultaneously, as long as you use different emails and meet their requirements.

Trading Types

OneUp Trader focuses on futures only where traders can trade futures on all asset types, but you cannot trade cryptocurrencies. With their funded accounts, you can trade over 40 popular futures contracts, including some of the most widely followed markets like:

• Equity Futures
• Interest Rate Futures
• Currency Futures
• Agricultural Futures
• Energy Futures
• Metal Futures
• Micro E-Mini Futures

Leverage

OneUp Trader doesn’t offer leverage.

Trading Style

We have found that OneUp Trader offers more flexibility than most other prop firms. While they do have some guidelines in place, they are not that restrictive. You are allowed to choose any day trading strategies that you see fit.

Trading Hours

The trading hours are on weekdays only, from 5:00 pm Central Time (CT) to 3:15 pm CT. All positions must be closed by 3:15 pm CT, or by the earlier closing time of the specific product you’re trading.

To avoid any confusion between trading days, there’s a buffer period from 3:15 pm CT to 5:00 pm CT and no new positions can be opened during this time.

News Trading

With OneUp Trader, you can do news trading freely while trying to qualify for a funded account (evaluation period). But once you get the funded account, there are some restrictions.

To avoid getting caught off guard by sudden market swings from big news announcements, you’ll need to close your existing positions one minute before, during, and after those events.

Weekend and Overnight Trading

OneUp Trader does not allow weekend or overnight trading. Their trading hours are limited to weekdays only. Furthermore, their website provides no information on the possibility of extended hours trading.

Expert Advisor

Their website doesn’t say if EAs are allowed. You might contact the support team regarding whether you can use Expert Advisors (EAs) and any tools that boost your trading strategy.

Copy Trading

While we haven’t seen any restrictions on copy trading, responsible use is key.

Trading Platforms

OneUp Trader also offers a wide variety of platforms for futures trading. They don’t limit you to one platform. You can choose the one that best suits your style.

Some popular options include NinjaTrader (which OneUp Trader provides for free), R|Trader, and Tradovate. They even support more advanced platforms like Sierra Chart and Quantower. Here is a list of all the supported platforms:

• Ninjatrader
• R | Trader
• R | Trader Pro
• Agena Trader
• Inside Edge Trader
• Investor RT
• Motive Wave
• MultiCharts
• Photon
• QScalp
• QST- Quick Screen Trading
• Track’n Trade
• Trade Navigator
• net
• eSignal
• Jigsaw Trading
• ATAS Order Flow Trading
• Bookmap
• Quantower
• Sierra Chart
• Medved Trader

Trading Instruments

Here is a complete list of all the available trading instruments:

Equity Futures

• ES
• NQ
• YM
• EMD
• RTY
• NKD

Interest Rate Futures

• ZT
• ZF
• ZN
• ZB
• UB

Currency Futures

• 6A
• 6B
• 6C
• 6E
• 6J
• 6S
• 6N

Agricultural Futures

• HE
• LE
• GF
• ZC
• ZW
• ZS
• ZM
• ZL

Energy Futures

• CL
• QM
• NG
• QG
• HO
• RB

Metal Futures

• GC
• SI
• HG
• PL
• PA
• QI
• QO

Micro E-Mini Futures

• MES
• MYM
• MNQ
• M2K
• MCL
• MGC

We listed OneUp Trader in the Top 5 Prop Trading Firms, the Top 3 Prop Trading Firms for Beginners and the Top 3 Options Prop Trading Firms.

Brokers

Brokers are the middlemen who connect traders with the markets. They execute your buy and sell orders for a fee. OneUp Trader doesn’t reveal their broker information on their website.

This secrecy is actually quite common among proprietary trading firms. They do this to keep their brokers private as a way to protect their trading strategies and avoid competitors from replicating their approach.

Other Products

OneUp Trader goes beyond just funded accounts. This prop firm offers a blog for educational content, dynamic account analytics to track your performance, and a community and social dashboard to connect with other traders.

• Blog
• Dynamic Account Analytics
• Community and Social Dashboard

Blog

The blog section covers everything you need to up your trading game. You can find market breakdowns, technical and fundamental analysis and even interviews with successful traders.

Dynamic Account Analytics

With this analytics tool, you can set specific trading goals and easily track your progress with clear visuals. Besides getting a daily breakdown of your trades, you’ll also get advanced trading stats to see where you can improve.

Community and Social Dashboard

You can connect with other traders using the community and social trading dashboard. Through the dashboard, you can share ideas and follow successful traders. And also analyze your performance with account analytics and identify trends with market movers’ data.

Prices and Challenge Fees

OneUp Trader charges a monthly fee to participate in their funded trader program. The cost depends on the size of the account you choose, ranging from $125 per month for a $25,000 account to $650 per month for a $250,000 account.

If you violate the program rules and need to reset your evaluation, there’s a $100 fee. There are no additional data fees.

• For $25K Account: $125
• For $50K Account: $150
• For $100K Account: $300
• For $150K Account: $350
• For $250K Account: $650

Payment Methods and Payout System

This prop firm accepts all major debit and credit cards. Just make sure that the card is registered under your name. And traders who are funded by OneUp Trader can cash out their profits via bank wire or cryptocurrency.

You can withdraw money from your funding provider by sending an email with the amount you would like. Furthermore, you can withdraw your profit share the same day it reaches the minimum withdrawal threshold which is $1,000.

It’s best to withdraw during the week (Monday through Friday). Depending on your bank, you should receive the money within 1-2 business days. You do not have to pay withdrawal fees.

Registration and KYC

Here’s a quick guide to walk you through the registration process:

1. OneUp Trader website and click “Start Now.”
2. Next select your desired account and click “GET FOR $125/MO” (or other option depending on the account).
3. Now you can either choose “Paid Evaluation” or “Free Trial“. Then enter your name, email, password, and agree to terms. Click “Sign Up”.
4. In the next window, enter your date of birth and full address. Click “Next Step“.
5. You will be taken to another window. Enter your mobile phone number, click “Send Code”, enter the code, and click “Submit“.
6. Activate the link in the welcome email and click “Go to Dashboard“.
7. Choose your account version again and click to proceed to payment.

KYC verification at OneUp Trader is not done right away. It happens when you switch from the trial account to a funded account.

You’ll need to submit your ID and proof of address. The verification typically takes a few hours. Once it’s done, OneUp Trader will send you a dealer contract outlining the terms of your service.

Discount and Promo Code

OneUp Trade sometimes offers discounts for new clients. At the time of reviewing this prop firm, they are offering a 20% discount on the first month’s evaluation fee. Also make sure to sign up for their newsletter to get notified of any future deals they run.

Free Trial and Demo Account

Besides offering funded trading accounts, OneUp Trader offers a 7-day free trial account. It comes with a virtual $100,000 balance and is not monitored. This demo account is a great way to see if their platform is a good fit for you and to practice trading before signing up for their funded trader program.

Mobile App

OneUp Trader doesn’t have a dedicated mobile app. However, their platform is mobile-friendly. You can access your dashboard and manage your account features directly from your phone’s web browser.

Customer Service and Support

OneUp Trader offers customer support around the clock, 24/7. They offer support via phone, live chat, and email, so you can reach them whenever you have a question, day, or night.

Reviews from current users consistently mention that the support team is helpful and easy to get in touch with. They also respond quickly to inquiries.

Taxes

OneUp Trader considers funded traders as independent contractors. This means your share of the profits from your trades are taxed like regular income you receive from a job.

This means you’ll need to pay taxes on the profits you make just like any other income. Note that tax laws can vary by country, so OneUp Trader recommends checking your country’s specific regulations to be sure. Learn more in our dedicated guide about “Prop Trading Taxes“.

Alternatives to OneUp Trader

Looking for more options? Here are some alternatives that you can consider:

Goat Funded Trader

Goat Funded Trader is known for its smaller account sizes to start. This is ideal if you’re a new trader or want to start small, as it allows you to build your experience and track record with a lower financial risk.

Leeloo Trading

Leeloo Trading offers a more attractive challenge structure. They cater to different traders with multiple programs like foundation accounts, bundle accounts, entry accounts and more. If you’re eager to get funded quickly, their Weekly Accounts with shorter challenges could be appealing.

Glow Node

Glow Node has lower monthly fees, making it a more cost-effective option in the long run. You can also merge your accounts to increase buying power. On top of that, you can scale those accounts to unlock higher profit share as well as additional perks.

Conclusion

Our comprehensive review has found OneUp Trader to be a legitimate platform for traders. We took a close look at this prop firm and can definitely say it has a lot to offer people new to the world of trading.

You only need to pass their 1-step evaluation, and there’s no daily loss limit in the evaluation stage. And they are not that strict with their rules. Furthermore, you can request payout as soon as you hit the profit threshold.

Sign up with OneUp Trader now!

If you’re ready to explore what OneUp Trader can offer, sign up today and see if it fits your trading goals.

Frequently Asked Questions

Here are the answers to the most common questions about this prop firm.

Is OneUp Trader legit or a scam?

OneUp Trader is a legit prop trading firm. See “About OneUp Trader” for more information.

Is OneUp Trader regulated?

No, OneUp Trader is not regulated and doesn’t need to be since they are not a broker. “Safety and Regulation” contains more information about this.

What is OneUp Trader?

OneUp Trader is a proprietary trading firm that gives you funded accounts to trade futures market. Take a look at the “About OneUp Trader” section to find out more.

Which broker does OneUp Trader work with?

The specific broker used by OneUp Trader isn’t publicly available. The “Brokers” section has more details.

How many OneUp Trader accounts can I have?

You can have up to 3 funded accounts at a time. Check out the “Challenge Trading Rules” section for more details.

Where is OneUp Trader based?

OneUp Trader is based in Wilmington, Delaware. “About OneUp Trader” contains more information about this company.

Does OneUp Trader allow the use of an Expert Advisor or Copy Trading?

There are no explicit restrictions on Expert Advisor and Copy Trading. Detailed information is available under the “Copy Trading” and “Expert Advisor” sections.

Is OneUp Trader legal in the US?

OneUp Trader is a legitimate company registered in the US and is also regulated by the Commodity Futures Trading Commission (CFTC). See “Accepted Countries” for more information.

How long has OneUp Trader been around?

OneUp Trader has been around since 2017. Take a look at the “About OneUp Trader” section to find out more.

How much does OneUp Trader cost?

OneUp Trader charges a monthly fee that depends on the account size, starting at $125 and going up to $650. Click on “Prices and Challenge Fees” to learn more.

How often does OneUp Trader pay out?

OneUp Trader lets you withdraw profits anytime once you reach the $1000 minimum threshold. We have more information on our “Payment Methods and Payout System” section.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.