Editor choice

OnlyFunds Review

OnlyFunds provide funded trading accounts with a large 90% profit share, along with straightforward and fair trading conditions to ensure a level playing field for all traders.

OnlyFunds Review

Summary

OnlyFunds is a leading proprietary trading firm that operates on the principle that every retail trader deserves a chance to access funding based on performance and dedication. Founded by industry veterans with over two decades of combined experience, the platform aims to bridge the gap between skilled traders and capital resources. With a commitment to transparency, fairness, and innovation, OnlyFunds offers a structured pathway for traders to unlock funding opportunities through its rigorous evaluation process.

OnlyFunds boasts a team of seasoned professionals, including co-founders Connor, Darren, and Joel, each bringing a wealth of expertise and insight to the platform. From manual to automated trading, algorithmic strategies, and a keen focus on customer experience, the founders’ diverse backgrounds underscore OnlyFunds’ commitment to trader success and satisfaction.

Pros
  • Fair & transparent trading rules
  • Realistic targets
  • Experienced team
  • No delay in payouts
  • Very competitive prices
  • Large 90% profit share
  • All types of traders & strategies accepted
  • Use the award-winning & regulated Eightcap broker traders can trust
  • Most popular trading platforms available
  • Refundable fees
  • Expert advisors (EA) trading allowed
  • News trading allowed
  • Weekend trading allowed
  • Martingale & HFT strategies allowed
  • Instant funding available
Cons
  • Max leverage 1:50
  • No free trial

OnlyFunds Review

Programs

OnlyFunds offers a structured progression for traders through its three-step program:

Challenge: Traders demonstrate their skills and adherence to rules within a defined trading period to qualify for the next phase.

Verification: Successful traders solidify their strategies and consistency, paving the way to become official OnlyFunds traders.

OnlyFunds Trader: Upon completion of the verification phase, traders gain access to OnlyFunds’ capital, enabling them to trade up to $600k and earn lucrative profit splits.

OnlyFunds Challenges
OnlyFunds Challenges

OnlyFunds Review

Conditions

OnlyFunds imposes clear conditions and rules for its traders to ensure discipline and risk management:

Trading Restrictions: Minimum trading days, maximum daily and overall loss limits, and profit targets are outlined for both HFT and Standard accounts. The minimum trading days required is just 3, whereas the top funded account option gives you instant funding which is great.

Leverage: The platform offers varying leverage ratios throughout different phases of the program, aligning with industry standards and risk management principles. The maximum leverage if 1:50 which should be plenty for anyone using a good trading strategy.

Overall, OnlyFunds have some of the best trading conditions that you will find from any prop trading firm. They accept traders from all backgrounds and various trading strategies.

Account Types and Rules

HFT Account

OnlyFunds HFT Accounts
OnlyFunds HFT Accounts
  • Trading Period:
    • 30 Days in Challenge phase
    • 60 Days in Verification phase
    • Unlimited in OnlyFunds Trader phase
  • Minimum Trading Days:
    • 5 Days in Challenge phase
    • 5 Days in Verification phase
    • 10 Days in OnlyFunds Trader phase
  • Trading Leverage:
    • 30:1 in Challenge phase
    • 30:1 in Verification phase
    • 30:1 in OnlyFunds Trader phase
  • Maximum Daily Loss:
    • 4% in Challenge phase
    • 4% in Verification phase
    • 4% in OnlyFunds Trader phase
  • Maximum Overall Loss:
    • 8% in Challenge phase
    • 8% in Verification phase
    • 8% in OnlyFunds Trader phase
  • Profit Target:
    • 10% in Challenge phase
    • 5% in Verification phase
    • No target in OnlyFunds Trader phase
  • Fees:
    • No refundable fees

Standard Account

OnlyFunds Standard Accounts
OnlyFunds Standard Accounts
  • Trading Period:
    • Unlimited in Challenge phase
    • Unlimited in Verification phase
    • Unlimited in OnlyFunds Trader phase
  • Minimum Trading Days:
    • 3 Days in Challenge phase
    • 3 Days in Verification phase
    • No minimum in OnlyFunds Trader phase
  • Trading Leverage:
    • 50:1 in Challenge phase
    • 50:1 in Verification phase
    • 50:1 in OnlyFunds Trader phase
  • Maximum Daily Loss:
    • 5% in Challenge phase
    • 5% in Verification phase
    • 5% in OnlyFunds Trader phase
  • Maximum Overall Loss:
    • 10% in Challenge phase
    • 10% in Verification phase
    • 10% in OnlyFunds Trader phase
  • Profit Target:
    • 8% in Challenge phase
    • 5% in Verification phase
    • No target in OnlyFunds Trader phase
  • Fees:
    • Refundable fees are available

OnlyFunds Review

Features

OnlyFunds distinguishes itself through several compelling features:

Brokers

Partnering with leading trading Eightcap, OnlyFunds leverages superior spreads and liquidity, enhancing the trading experience for its users.

Platforms

Traders can execute trades seamlessly through Eightcap’s platforms, offering web, desktop, and mobile interfaces for optimal accessibility.

Instruments

With a diverse selection of assets including Forex, Metals, Indices, and Oil, OnlyFunds empowers traders to explore various markets and diversify their portfolios.

OnlyFunds Review

Conclusion

In conclusion, OnlyFunds emerges as one of the best prop trading firms that provide an opportunity for retail traders seeking to unlock their full potential in the financial markets. With its commitment to transparency, fairness, and innovation, the platform offers a structured pathway to success backed by experience, integrity, and a shared vision of growth and prosperity. Whether you’re a seasoned professional or a novice trader, OnlyFunds provides the tools and support necessary to thrive in the dynamic world of prop trading.

9.7Expert Score
OnlyFunds Rating

OnlyFunds provide funded trading accounts with a large 90% profit share, along with straightforward and fair trading conditions to ensure a level playing field for all traders.

Programs
9.5
Conditions
10
Features
9.5

OnlyFunds Review

FAQ

What Is OnlyFunds?

OnlyFunds is a proprietary firm looking for skilled and accomplished traders to become part of their community. They’ve created an evaluation process to identify skilled traders seeking an opportunity to trade with larger capital. Those who successfully pass the evaluation will unlock access to an OnlyFunds account, where they can manage funds remotely and increase the account’s value through the scaling plan. As an OnlyFunds’ trader, you will be able to retain up to 90% of the profits generated on the OnlyFunds account, subject to compliance with their Terms and Conditions.

How Do I Get Started?

Becoming a funded trader is simple – to register and join their team of funded traders, follow these steps: 1. Select the evaluation account size you wish to trade. 2. Go to checkout and proceed with payment for the evaluation. 3. Once payment for the evaluation has been processed, you’ll receive an email containing both your account credentials and logins to the OnlyFunds’ dashboard.

What Is The Standard Evaluation Start Time?

For both the Challenge and Verification stages, your evaluation period will begin as soon as you place your first trade, including pending orders placed (even if the trade has not been executed). NOTE: If your account is inactive for more than 30 days it will be disabled.

How Long Do I Have To Pass My Evaluation?

The OnlyFunds Standard Evaluation consists of a 2-Stage evaluation process: Challenge (Stage 1): You will have unlimited calendar days from the date of the first executed trade or pending order. Verification (Stage 2): You will have unlimited calendar days from the date of the first executed trade or pending order.

Is News Trading Permitted?

For both the Challenge and Verification stages, you can trade during news without any restrictions. NOTE: Due to increased volatility around high-impact news events, we encourage exercising extreme caution should you choose to trade during these periods.

Is Weekend Trading Permitted?

OnlyFunds allow traders to not only hold their trades over the weekend but also place trades provided that the instruments are trade-able on weekends.

Is EA Trading Permitted?

Trading with the use of an Expert Advisor (EA) is permitted. Please ensure that the EA being used does not require you to change your trading or investor password as this would result in an automatic breach/violation of your account. Prohibited EA’s • High-frequency trading (HFT) • Latency arbitrage • Reverse arbitrage • Hedge arbitrage • Data feed manipulation • Tick scalping • Emulators • Account management via a copy trader belonging to 3rd party • Signal trading via a copy trader NOTE: Using an Expert Advisor (EA) is permitted, however using a public or third-party EA may result in duplicated strategies amongst traders therefore violating OnlyFunds maximum allocation rule. By using a public or third party EA, you run the risk of being denied a funded account.

Is Martingale Strategy Permitted?

Yes, Martingale Strategy is allowed.

Is HFT Strategy Permitted?

HFT is NOT allowed on Standard Accounts. However, HFT is allowed on HFT account for evaluation stages only.

What Payment Methods Do They Accept?

OnlyFunds accept all major credit cards & crypto.
OnlyFunds Review
OnlyFunds Review
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ProprietaryFirms.com is a website dedicated to reviewing prop trading firms. With an increasing demand of aspiring traders who are looking to get a funded account, there are more and more prop trading firms popping up nowadays. We can help traders to find the prop firms that meet their needs.

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