OneUp Trader Review 2023 – An In-Depth Look at This Prop Trading Firm

OneUp Trader has quickly become one of the most popular proprietary trading firms. They provide funded accounts up to $250,000 to traders who can pass their evaluation program.

In this comprehensive OneUp Trader review, we’ll cover how their funding process works, account options, fees, pros/cons, features, eligibility requirements, and more.

Get Started With Oneup Trader

How Does OneUp Trader Work?

OneUp Trader offers one main product: funded trading accounts. Their streamlined process has just one evaluation step to get funded.

To start, you choose an account size and take their 15+ day assessment. If you meet the profit targets while following the rules, you’ll gain access to a funded account with buying power up to $250,000.

Here are the key steps to get funded by OneUp Trader:

Step 1: Select Account Size & Profit Split

You can choose from 5 account levels ranging from $25,000 up to $250,000. Each size has a monthly fee and specific profit target you must hit:

• $25k account – $1,500 profit target
• $50k account – $3,000 profit target
• $100k account – $6,000 profit target
• $150k account – $9,000 profit target
• $250k account – $15,000 profit target

You also pick either a 90% or 50% profit split. The higher split has a higher monthly fee.

Step 2: Pass the Evaluation

This is a 15+ day online assessment where you trade in a demo account. You must meet the profit target and follow all the trading rules for your account size.

The rules include things like:

• Maximum loss limits
• Maximum position sizes
• Trading only during permitted hours
• No trades around news events

Consistency and regular trading activity is also assessed.

Step 3: Get Funding

Upon passing, you fill out an application, sign the funding agreement, and receive account credentials. Initial funding can take 1-5 days.

Now you can trade using OneUp’s capital. Ongoing volume and balance rules apply to keep the account active.

OneUp Trader Account Options & Fees

OneUp offers flexible account choices and transparent fee structures:

Account Sizes

• $25,000
• $50,000
• $100,000
• $150,000
• $250,000

Profit Splits

• 90% profit split – higher monthly fee
• 50% profit split – lower monthly fee

Pricing/Monthly Fees

• Range from $105 to $650 depending on account size and profit split

Commissions

• ~$2 per contract per side
• No added platform or data fees

Withdrawals

• $1000 minimum
• No withdrawal fees
• Paid out daily if above minimum

Evaluation Rules & Trading Requirements

OneUp Trader has clear evaluation guidelines and ongoing rules to keep accounts funded:

Evaluation Rules

• 15+ trading days
• Meet profit target
• Follow loss limits
• Consistency requirements
• Permitted products only
• Can’t trade around news events

Ongoing Rules

• Remain profitable
• Minimum weekly volume
• Can’t use auto-trading bots

The firm has safeguards so you won’t fail due to lot size limits or hitting a daily loss max. They focus on consistency in trading metrics.

OneUp Trader Features & Benefits

Key features traders get with OneUp:

• Social Community – Chat and connect with other funded traders
• Account Analytics – Visually track trading stats and performance
• Free Trials – 7-day free demo account to test with virtual funds
• Funding Guarantee – 100% money back if account not funded
• 24/7 Support – Get assistance via email
• Profit Withdrawals – Withdraw earnings fee-free after hitting $1000 minimum

Their platform provides the tools and environment for traders to collaborate and succeed.

Eligibility & Location Requirements

OneUp Trader currently accepts users from over 150 countries. Applicants must meet the following eligibility criteria:

• 18+ years old
• Valid ID verification
• Tax compliance documents
• No sanctions in your location
• Meet knowledge requirements
• Access to minimum capital

U.S. citizens have additional tax form requirements. OneUp performs background checks as part of the funding application process.

Pros & Cons of OneUp Trader

Pros

• High account sizes up to $250k
• Generous profit splits up to 90%
• Avoid platform fees with free trials
• Active social community to engage with
• Strong track record funding traders

Cons

• Email support can be slow
• Strict rules to get and maintain funding
• Withdrawals capped at $1,000 minimum
• Must pay for platform after funding

While they have room for improvement around support and withdrawals, their generous account terms and helpful community outweigh the drawbacks for most.

OneUp Trader vs TopStepTrader & FTMO

OneUp Trader competes with firms like TopStepTrader and FTMO. Here’s how they compare:

• Profit splits – OneUp offers up to 90% vs 70% with FTMO and 80% with TopStep
• Account sizes – OneUp goes up to $250k vs $100k with TopStep and $200k with FTMO
• Fees – OneUp has lower monthly fees than TopStep for larger accounts
• Rules – OneUp has a one-step evaluation process vs tiered with TopStep

OneUp stands out with its big account sizes, high profit splits, and community focus. For the funding process itself, TopStep offers more support and educational resources.

In summary, OneUp Trader stands out for its large account sizes, profit splits, and community focus. TopStep and FTMO offer more education, support, and flexibility around products. For futures traders wanting max buying power, OneUp is hard to beat

Is OneUp Trader Right for You?

OneUp Trader best suits active traders who want top-tier buying power. Their social platform also appeals to those looking to network and learn from other funded traders.

Their evaluation rules cater well to consistent day traders. But the restrictions may not suit people using auto-trading algorithms.

If you have skills that could be fine-tuned with guidance, TopStep and FTMO provide more learning resources during evaluations. But for instant access to accounts up to $250k, OneUp is hard to beat.

Conclusion – OneUp Offers a Premier Trading Experience

With high profit splits and account limits, OneUp Trader provides a premier prop trading environment. Their one-step evaluation keeps the focus on trading rather than jumping through hoops.

Once approved, you gain access to the tools and community support needed to reach your potential. If you’re ready to get funded and grow as a trader, OneUp Trader is an excellent choice worth strong consideration.

Get Started With Oneup Trader

Frequently Asked Questions