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Oneuptrader Review 2021

OneUp Trader: Of the Easiest and Cheapest Trading Funding Evaluation

Currently, there are plenty of funding companies that specifically focus on traders and their work, allowing them to trade an account with actual capital on it by performing operations and obtain profit down the line, splitting the earnings. Now, the thing is that in most of the cases, passing such evaluation is not easy and requires an initial investment to do it. With OneUp Trader, traders around the world are able to apply for a funded account more easily and with cheaper fees.

Knowing Everything About OneUp Trader

In more details, OneUp Trader is a trading funding company that allows traders to obtain capital and access to a real account, so they can operate and trade with futures and other assets and obtain a profit, respecting different strategies and moves on the market and exchanges.

For traders to have this benefit, they must complete and pass an evaluation process where skills are put to the test and where actual results can be assessed, regarding the different tactics and plans to trade with the assets to get benefit, and also the risk management strategies and approach that is very important.

OneUp Trader stands out among other trading funding companies due to three characteristics:

  • OneUp Trader offers the opportunity to apply for an evaluation process where natural skills can be used, with logical rules and the purpose of putting trading skills to the test and not as obstacles. This also applies respecting prices, with more affordable fees for evaluation and later professional trading.
  • There are two options for profit sharing between traders and OneUp Trader: 80/20 splitting and 50/50 splitting, and the rules change depending on the selected option. More on that later.
  • If the Daily Loss Limit is surpassed, the evaluation is not canceled and traders can still carry out the evaluation.

More than 50 products and assets can be traded using this platform: RTY, 6N, 6S, HE, MES, MNQ, NKD, NQ, ZW and PA are a few examples.

Functioning and Approach of OneUp Trader

With OneUp Trader, traders have the possibility to carry out the evaluation process by selecting one from five different accounts, having distinct features and rules in terms of Daily Loss Limit, Contracts, Profit Target, Max Drawdown, starting at 25.000$ and going all the way up to 250.000$.

The names of the accounts are: Novice, Beginner, Advanced, Professional and Expert and regardless of the one selected, evaluation can last as long as the trader need to complete the goals, with a minimum period of 15 days.

Now, one important thing to consider at the moment of selecting the evaluation and later trading account is the Profit Split approach, since this one will remain and will influence the evaluation cost. As mentioned before, traders can choose between:

  • 80/20 Profit Split: more traditional profit split approach. By choosing this one, traders pay full price respecting evaluation, depending on the one selected. The first generated 8.000$ belongs to the trader, and from that moment on earnings are divided using the mentioned rate.
  • 50/50 Profit Split: this is a more particular profit splitting approach. By selecting this one, the evaluation cost is reduced 30% in any of the chosen accounts and after the first 5.000$ are generated, such money belongs to the trader entirely and later on profits will be split in equal parts between trader and OneUp Trader.

According to experts, the 80/20 Profit Split approach is better for those traders that are thinking on the long run and without risking proper money, while the 50/50 option is for those that want to generate own capital to trade externally.

Mandatory Rules to Follow Using OneUpTrader

Like any funding company focused on trading, there are some rules that traders must follow and meet to pass the evaluation process and get the funded account, guaranteeing skills in terms of risk management, consistence and profitability. Rules apply to any of the account and profit splitting, and these are:

  • Trading period must be carried out at least 15 business days. In-a-row operation is not required.
  • Number of contracts cannot be surpassed over the corresponding one regarding the selected account.
  • Max trailing drawdown must never be reached. It is calculated on real time.
  • Consistency rule must be met (total amount of benefits in a three-day trading period must surpass 80% of the best day)
  • Daily Loss Limit must not be reached under any circumstance.
  • Operations must be carried out in allowed schedules and with allowed assets.

Surpassing the Daily Loss Limit is the only rule that does not suspend the account if occur, while the others will cancel the account and a reset must be carried out.

Once the evaluation is completed and approved, the trader will have the possibility to trade the funded account (OneUp Trader Pro Account) by sending an email with the results. evaluation fees will be automatically removed and commissions, rates will be charged with every operation along with software subscription licensing. At least, market data using OneUp Trader is free.

Withdraws and Commissions Respecting OneUp Trader

Like any other platform, trading movements using OneUp Trader generate commissions respecting every operation and contracts. For example, in the evaluation, for micros and futures fees are 5$, while on the funded account commissions go from 1,20$ to 6,02$ depending on the traded asset.

There are other aspects to consider: exchange rates, platform rates and market data expenses (in case the one used is different to the one provided by OneUp Trader.

When it comes to withdraws, in order to make one OneUp Trader requires reaching the drawdown value and the minimum withdraw to be made must be of at least 1.000$. Withdraw must be requested by mail and are processed between Monday and Tuesday. Money is deposited into the traderĀ“s bank account.

Compatible Platforms to Use with OneUp Trader

Almost any trading platform is compatible with OneUp Trader to carry out the evaluation. While the company recommends NinjaTrader and in fact provides a free license during the evaluation period, if the trader wants to use other platforms is possible, such as: Sierra Chart, InvestorRT, Photon, MultiCharts, Jigsaw Trading, Wuick Screen RJTrader and others.