OneUp Trader review

OneUp Trader charges commissions on both Evaluation and funded accounts.

For evaluations, simulated commissions and fees are fixed at $2.50 / side for all instruments (excluding micros) and for each contract traded. 

Simulated commissions and fees for micros are $1 / side for each contract traded. 

Commissions and all other fees (exchange, routing, and NFA fees are factored in on all simulated accounts during the trial. Net P&L is what OneUp ultimately looks at upon evaluation.

The fees for funded accounts can be accessed here: https://help.oneuptrader.com/article/361-funded-trader-commissions

Evaluation micro contracts are allowed, but there are no special micro rules during the Evaluation. Micros count toward the same maximum contract limit as standard/mini contracts. Once funded, traders may request up to 10 micro contracts for each 1 standard/mini contract from their funding provider.

OneUp also advertises no data fees for funded traders and states that traders receive free NinjaTrader licensing and free market data/Level 2 access.

OneUp Trader offers 1-step futures evaluation accounts with account sizes up to $250,000. Traders must complete a minimum of 10 trading days in the standard Evaluation before becoming eligible for placement with OneUp’s funding partners. Express Funding accounts allow eligible returning traders to complete the Evaluation in 5 trading days, but Express Funding is only available to traders who previously received a funded account through OneUp Trader and had a funded trader account termination within the past 30 days.

Traders may only trade permitted products during permitted trading hours. The trading day starts at 5:00 PM CT and ends at 3:15 PM CT, excluding holidays and weekends. All positions must be closed by 3:15 PM CT, and no positions may be opened between 3:15 PM CT and 5:00 PM CT.

News trading is allowed during the Evaluation. Once funded, traders must be flat one minute before, during, and after corresponding major economic releases.

Micros are allowed during the Evaluation, but there are no special micro-scaling rules during the Evaluation. Micros count toward the same maximum contract limit as standard contracts. Once funded, traders may request up to 10 micro contracts for every 1 standard contract from their funding provider. Dynamic scaling rules still apply regardless of contract type.

Trading activity with a duration of less than 10 seconds, micro scalping, high-frequency trading, latency arbitrage, tick scalping, or strategies that exploit market data inefficiencies/errors are prohibited. Copy trading is only permitted across funded accounts under the same trader’s own name for risk management or strategy diversification. Copy trading between accounts held under different individuals, group trading, trading in concert with other individuals, and hedging across multiple funded accounts are prohibited.

Traders may have a maximum of 3 funded accounts simultaneously. Express Funding traders are limited to 1 Express funded account at a time, and users may have a maximum of 2 Express Funding accounts within a 30-calendar-day period. No more than a maximum number of 3 active Evaluation accounts is allowed at one time.

OneUp Trader does not have a Daily Loss Limit on either Evaluation or funded accounts.

Evaluations use a trailing drawdown. The trailing drawdown increases as the account balance reaches new highs and is calculated in real time, including simulated commissions and fees. Once funded, the trailing drawdown stops trailing once it reaches the initial starting account balance. The trailing drawdown becomes static at the account’s original starting balance after the trader earns profit equal to the trailing drawdown amount.

For example, on a $50K account with a $2,500 trailing drawdown, the drawdown becomes static at $50,000 once the account balance reaches $52,500.

OneUp Trader has an Evaluation consistency rule. Traders must demonstrate consistent trading by having the combined net profit from their three other best trading days equal at least 80% of the largest trading day’s net profit. The consistency requirement can also be completed in two days if the second-largest trading day is at least 80% of the largest trading day.

The 80% consistency rule is clearly stated for Evaluation accounts, including Express Funding evaluations.

There is no consistency rule in the funded stage.

Funded traders must follow Dynamic Scaling Targets. Funded traders must also maintain a minimum weekly trade execution volume of no less than 50% of the average number of trades completed during the Evaluation. Trading volume is calculated and reviewed weekly, with CME holidays prorated. During the initial 90-day probationary period, funded traders must have positive net PnL greater than the initial starting balance at the end of each 15-calendar-day interval. Discretionary warnings may be issued if the account balance is below the initial starting balance.

OneUp Trader funded traders keep 100% of their first $10,000 in profits and 90% of net profits above that amount.

Payouts are uncapped. OneUp states there is no maximum withdrawal limit once a trader is funded and has accumulated profit in the funded account.

Funded traders may request withdrawals once the required withdrawal profit threshold has been met and there is enough additional profit available to satisfy the $1,000 minimum withdrawal amount. Withdrawals may be requested Monday through Friday and are processed the same day once eligible. OneUp does not have a fixed funded payout cycle, so payouts should be treated as on-demand or 1 day once payout requirements are met.

Withdrawal profit thresholds are based on account size. The $25K account requires a $1,500 withdrawal threshold, the $50K account requires $2,500, the $100K account requires $3,500, the $150K account requires $5,000, and the $250K account requires $5,500.

The minimum withdrawal amount for all account sizes is $1,000 of the trader’s profit share. Based on the threshold plus the $1,000 minimum withdrawal, in order to request the first payout of the $1,000 minimum, funded traders must reach the following profit targets: $2,500 for the $25K account, $3,500 for the $50K account, $4,500 for the $100K account, $6,000 for the $150K account, and $6,500 for the $250K account.

Withdrawals can be processed by bank wire or cryptocurrency. Bank wire withdrawals may post within 1–3 business days depending on the trader’s banking institution. Cryptocurrency withdrawals are limited to one request per calendar week with a maximum of $3,000 per request. Any withdrawal amount above $3,000 must be submitted by bank wire. Cryptocurrency withdrawals may take up to 14 business days depending on network conditions and third-party payment processor timelines.

The funding company reserves the right to require traders to withdraw funds from the account under certain circumstances.