Description:
OneUp Trader offers futures evaluation programs designed to provide traders with a straightforward path to a funded account. They emphasize simplicity in their evaluation rules and offer a choice of account sizes with a focus on a single-step evaluation process.
Key Points:
- Account Sizes (Evaluation): $25,000, $50,000, $100,000, $150,000, $250,000. They also offer “Express” accounts with faster potential funding.
- Year Started: Not clearly stated on their website.
- Minimum Evaluation Days: 10 trading days (5 days for Express accounts).
- Maximum Accounts: Up to 3 regular evaluation accounts; 1 for Express evaluation. Funded account limits may vary and aggregation is possible.
- Restricted Countries: Includes OFAC-sanctioned countries and others where they cannot provide services (e.g., Belarus, Cuba, Iran, North Korea, Russia, Syria, specific regions of Ukraine, Venezuela, Yemen, Zimbabwe).
- Straight to Funded: No, an evaluation is required. “Express Funding” refers to a potentially faster evaluation, not direct funding without any evaluation period.
- Swing Trading: Not allowed. The rule “All positions MUST be closed by 3:15 PM CT” implies no overnight or weekend holding.
- Trading Platforms: Supports over 20 platforms, including NinjaTrader (often with a free license during evaluation), Tradovate, RTrader, Sierra Chart, and TradingView.
- Profit Split: 90% to the trader; some promotions have offered 100% of the first $10,000 then 90%.
Product Table (Example 1-Step Evaluation Accounts):
| Account Size | Profit Target | Trailing Drawdown | Daily Loss Limit | Min Eval Days | Fee (Monthly – Example) |
|---|---|---|---|---|---|
| $25,000 | $1,500 | $1,500 | $500 | 10 | ~$125 |
| $50,000 | $3,000 | $2,500 | $1,000 | 10 | ~$150 |
| $100,000 | $6,000 | $3,000 | $2,000 | 10 | ~$300 |
| $150,000 | $9,000 | $5,000 | $2,500 | 10 | ~$350 |
| $250,000 | $15,000 | $6,500 | $5,000 | 10 | ~$650 |
Note: Fees are examples of monthly evaluation costs and are subject to change. OneUp often runs promotions that may alter fees or rules.
Pros:
- Straightforward 1-step evaluation process.
- Generous 90% profit split for traders (with potential for 100% on initial profits).
- Wide range of supported trading platforms.
- Clear rules and a user-friendly approach.
- Offers “Express” accounts for potentially faster funding (though still an evaluation).
Cons:
- Year of establishment is not clearly stated.
- Strict no swing trading policy, requiring positions to be closed daily by 3:15 PM CT.
- Monthly recurring fee for the evaluation until passed or canceled.
- Trailing drawdown can be challenging for some trading strategies.