OneUp Trader prop firm provides access to simple future challenges. The firm is focused on providing access and funding for futures trading. There is only one 1-step evaluation model where traders have to hit the profit target only once to get funded. The firm also offers a NinjaTrader free license, which is super helpful. The profit target is 6% which is super flexible and payouts are 90%.
Let’s conduct a OneUp Trader review and define whether the firm’s critical features like safety, rules, assets, platforms, funding options, support, and more are attractive.
Pros & cons of OneUp Trader prop firm
Pros
- Low profit target of just 6%
- Offers free access to advanced futures trading platforms, NinjaTrader, R Trader, R Trader Pro
- A 7-day free trial is available, which is flexible
- Fast withdrawals and 90% payouts
- Free price data feed
- Offers phone support, live chat, and email
Cons
- Lacks multilingual support
- Only allows futures trading
- Only 1-step evaluation account is offered
Safety of OneUp Trader – 1.5
There are no OneUp Trader reviews on the FPA, which is a downside. However, on the Trustpilot, the firm has over 1,100 reviews and only 3% are 1-star while 81% are 5-star evaluations. This indicates that traders have a great experience with the firm, and it is a legitimate and reliable futures trading platform. All funded accounts are simulated or demo accounts, and the firm clearly notifies its clients about this information. The price feed is provided by NinjaTrader and the firm is not backed by a regulated broker, which is a downside. The firm was launched in 2022, giving it a decent experience in the prop sector.
The firm gets a 1.5 score in this section, as it does not meet our requirements to get any points. However, the firm seems legit and reliable, as indicated by an overwhelming number of positive trader reviews.
OneUp Trader Funding and maximum capital allocation – 3
OneUp Trader funded program allows traders to get funded by hitting the profit target of 6% just once. There are no other types available, which is a minor drawback. However, the 1-step OneUp Trader funding options are diverse and include 25k, 50k, 100k, 150k, and 200k USD amounts. While there are no smaller accounts than 25k, this amount is quite normal for futures trading. All OneUp Trader challenges provide free market data, which is super useful. Generally, both the trading platform and price data for futures trading are typically costly and involve monthly fees, and the firm providing both for free is very competitive.
OneUp Trader scaling plan is not offered, which is actually beneficial. This is because many futures prop firms enforce scaling plans and won’t allow traders to withdraw full profits, which is usually a serious downside for futures trading.
In the end, the firm gets a 3 score in this section.
OneUp Trader Assets – 1.5
OneUp Trader prop trading assets are limited only to futures. However, traders can speculate on a wide range of underlying assets including currencies, equities, commodities, and so on. Traders are allowed to open from 3 to 25 contracts, depending on their account balance.
Overall, the firm gets a 1.5 score in this section.
OneUp Trader Trading rules and limitations – 4
OneUp Trader rules are not strict as the firm only requires a 6% profit hit in one evaluation phase, which is attractive. News trading is allowed, and overnight holding is not prohibited either. The overall trailing drawdown is 3.5% which is slightly lower than the industry-accepted 5%. There are no daily loss limits, which are flexible as well.
Overall, the firm gets a 4 score in this section for having forgiving rules.
OneUp Trader Fees – 3.5
The pricing is monthly-based, which is pretty common with futures prop firms. The smallest fee is for 25k USD challenges and starts at 125 USD per month, which is competitive and below 150 USD. It allows traders to start futures trading cheaply and get funded quickly. Here are the fees for all OneUp Trader futures challenges:
- Funded amount 25k USD – Monthly fees: 125 USD per month
- 50k USD – 150 USD
- 100k USD – 300 USD
- 150k USD – 350 USD
- 200k USD – 650 USD
As we can see, the pricing is very attractive for 25k and 50k challenges, making it cheap to start futures prop trading.
OneUp Trader free trial is offered for 7 days and the capital is 100,000 USD, which is enough to test trading conditions or develop and test strategies. OneUp Trader free repeat is not offered as traders pay fees monthly, and they always can start again every month.
Overall, the firm gets a 3.5 score in this section for offering competitive pricing.
OneUp Trader Platforms – 4
The firm allows access to NinjaTrader and Rithmic platforms, R Trader, and R Trader Pro. These platforms offer advanced functionality and are super useful for futures trading, which is flexible. Mobile trading is also available. The data feed, which is usually costly, is provided for free (Market Data/Level 2).
As a result, the firm gets a 4 score in this section for providing advanced trading platform software for free.
OneUp Trader Profit-Sharing – 5
OneUp Trader profit split is capped at 90% by default and traders are not required to use scaling plans or pricey add-ons, which is very competitive. Withdrawals take 1-2 business days, which is fast and there are no commissions for withdrawals.
For offering competitive and comfortable payout conditions, the firm gets a 5 score in this section.
Education and trading tools at OneUp Trader – 3.5
The firm offers detailed FAQs for all its services and tutorials for trading platforms, which is super useful for beginner futures traders. There are also reviews and tutorials for trading strategies that can be used in futures trading. Tools built inside the trader dashboard help traders measure their performance and increase trading accuracy. There is also a trading blog available.
Overall, the firm gets a 3.5 score in this section.
Customer Support at OneUp Trader – 4
The firm offers 24/7 customer support via hotline, email, and live chat options which is very attractive for traders. The ability to use phone support further solidifies the firm’s legitimacy and reliability. The only drawback in customer support is the lack of multilingual support and a website.
In the end, the firm gets a 4 score in this section.
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