Prop Firm OneUp Trader has a one-step evaluation and low 6% profit target with trading using futures. You will trade via the NinjaTrader and Trader R platforms. See what we say about the firm in our One Up Trader Review.
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OneUp Trader offers plenty of benefits as a prop firm. These include a simple evaluation process, a top profit split of 90% (including 100% of your first $10K in profits) and a diverse range of supported platforms. Incurring monthly fees during the evaluation is not ideal, however, and the futures-only product range may be too limiting for some.
We think OneUp Trader has some useful features that will appeal. Their evaluation has just one step for which you need to achieve 6% profit, an excellent profit split of 90% (including 100% of your first $10K in profits) and a diverse range of supported platforms including NinjaTrader. Incurring monthly fees during the evaluation is not ideal, however, and the futures-only product range may be too limiting for some. Interestingly, OneUp Trader is a recruitment company that connects you to a funding partner in their network once you have passed the One Trader evaluation. Overall we gave OneUp Trader a score of 6.5 out of 10.
OneUp Trader isn’t a prop trading firm (or funding company) but a recruitment company. As a recruitment company, their focus is to find suitable or qualified clients for their network of prop trading partners.
To do this OneUp Trader takes responsibility for the evaluation or audition process. Once you have proven yourself to be a suitable or competent trader by passing the evaluation, OneUp Trader will present you to their pool of prop trading funding partners from which one can decide to take you on. OneUp Trader cannot disclose who their partners are and you will only find out the funding partner will be once they accept you as a client.
OneUp Trader promises all their funding partners are reputable and promise you will be given a funded account with one of them. The only exception is:
1. If the funding partners find out that you’re underage, your account will be closed, and you will receive the money back.
2. If the Funding partner finds out you’re under investigation for Fraud or similar they will not sign up the contract with you.
If you are looking for a more conventional prop trading funded firm then if is take a look at our best prop trading firms page.
Launched in 2017, OneUp Trader is an online prop firm with headquarters based in the U.S. Upon review, we have found that OneUp Trader offers some interesting qualities as a prop firm or more accurately recruitment firm including:
OneUp Trader only offers one evaluation account, the Funded Trader account, where you can choose from $25K to $250K in starting capital. Unfortunately, OneUp don’t have a $1,000,000 account but we have reviewed other funded trader programs that do have this.
Each account has a 1-step evaluation process, making it quicker to earn profits. To pass, your profit target is 6%, which is lower than what most prop firms offer, according to our analysis and therefore easier to achieve.
The only other trading objective is a max drawdown of between 2.2% and 6%. OneUp Trader’s trailing drawdown stops at the initial starting balance, which means it doesn’t keep trailing like many other prop firms. They also don’t enforce a daily loss limit, which most prop firms do, giving it an advantage over the competition according to our research.
Perhaps OneUp Trader’s key benefit, is that you’ll receive 100% of your first $10K in profit once you pass the 1-step evaluation. This is the best instant payout of any prop firm in the market, from our extensive analysis. After that, OneUp Trader offers a 90% profit split, which is more than what the average prop firm offers.
In terms of fees, OneUp Trader charges monthly fees during the evaluation, which we see as a downside given most prop firms offer refundable fees. You’ll pay between $125 and $650 per month until you pass the evaluation. Once you pass, the monthly fees stop and you’ll receive a funded trader account with the starting capital you signed up for.
Verdict of Trading Plans and Accounts
A one-step evaluation process isn’t that unique, other firms such as Level Up Trading, City Traders Imperium and Funded Next also have this. OneUp Trader however differentiates themselves because of their generous 6% profit target (which is low) and rewarding profit split arrangement of 90% (plus 100% of your first $10K). The only slight downside is the monthly fees, although these stop once you pass the evaluation.
For more info, read the full Level Up Trading Review or City Traders Imperium Review.
OneUp Trader processes withdrawals via bank wire and cryptocurrency (Bitcoin & Tether), which will hit your account within 1-2 business days (Refer to your banking institution for posting times).
You’ll need to send a request from your funding partner that you want to make a withdrawal. There are also withdrawal profit thresholds to limit your risk of drawdowns, depending on what account you signed up for. As an example, for the $25,000 account, you can only withdraw $1500 of your profits.
OneUp Trader gives prop traders access to an extensive range of excellent third-party trading platforms. You’ll have to pay for most of them but there are three platforms that are free, all of which are outlined below:
NinjaTrader
NinjaTrader is the preferred trading platform at OneUp Trader and it’s a popular choice, used by 40,000 traders around the world.
The platform features advanced market analysis, professional charting and fast order execution with thousands of apps & add-ons for unlimited customisation. In addition, NinjaTrader offers the following benefits:
R | Trader & R | Trader Pro
The R | Trader platforms are Rithmic’s proprietary multi-asset trade execution platforms with real-time risk management features. Rithmic is a trade execution software provider.
With R | Trader you can view quotes, trades, market depth and option strikes in real-time. Like most platforms, you can place, modify and cancel orders, and view order history, performance, positions and risk limits. R | Trader also supports trailing stops, brackets, OCOs and group orders. The one limitation is the lack of charting, which will be too much of a downside for most. This can be fixed by upgrading to R | Trader Pro.
R | Trader Pro incorporates all of R | Trader’s functionalities with the addition of charting. There is also an interface pipeline to Microsoft Excel for easier trade management, where you can create your own indicators. You can add a pre-made bundle live to Microsoft Excel if you don’t know how to create your own indicators.
Other Supported Trading Platforms
All other supported trading platforms will require you to pay for a license or subscription fee to use. We have summarised each platform and their features below.
Quick Screen Trading
Quick Screen Trading (QST), is a fully integrated stack of trading technology applications and services for straight-through-processing (STP) trading. You can use QST’s flagship front-end trading platform for desktop, mobile and web trading.
QScalp
QScalp is a platform designed for high-speed trading for short-term and high-frequency stock trading. The platform’s market window display allows you to perform complex trading operations with one-click using almost any trading strategy.
Sierra Chart
Sierra Chart, as the name suggests, is a charting platform with an abundance of tools for technical analysis. The stand-out feature is an exclusive ChartDOM (depth of market) which is a functional Trading DOM, fully integrated with the charts.
Track ‘n Trade
Track ‘n Trade offers proprietary trading systems for futures, forex and stock trading. The platform stands out for attractive charting features and simple, automated trading solutions.
Trade Navigator
Trade Navigator is an algorithmic trading platform without requiring any programming knowledge, where you can backtest your strategies with decades of historical data. You can use Trade Navigator’s TradeSense development tools to set up automated trades without programming using any combination of over 100 built-in strategies and custom filters.
MotiveWave
MotiveWave is a user-friendly charting platform with rich features and highly customisable trading software. The platform stands out for offering the most advanced Elliot Wave and Fibonacci tools on the market.
Agena
Agena is a platform suited for signal-scanning and trading. You can track thousands of markets in real time based on technical and fundamental data points for your individual signals.
Bookmap
Bookmap is a trading platform that specialises in market liquidity and order book management. With Bookmap, you can watch the market evolve in real-time at 40 frames per second. In addition, you can use Bookmap to identify market trends, discover hidden price patterns, and understand order flow.
Inside Edge Trader
Inside Edge Trader is a platform suited to any form of trading, from day trading to advanced volume analysis and programmable futures trading strategies. Key features of Inside Edge Trader include one-click chart trading, multiple depth of market screens and robust order management tools.
Investor/RT
Investor/RT is combines charting, market analysis and trade execution in one sophisticated trading platform. The platform also allows you to build charting extensions with the powerful RTX software development tools, for advanced technical analysis.
Jigsaw daytrader
Jigsaw Daytradr is an innovative and robust order flow and trade execution platform, designed specifically for futures day traders. The platform also features a Jigsaw bridge plug-in that you can integrate into NinjaTrader, MetaTrader 5 and MultiCharts.
MultiCharts
MultiCharts is another charting platform suitable for advanced market analysis. The platform features high-definition charting, built-in indicators and strategies, one-click chart trading, depth of market, high-precision backtesting and auto trading capabilities.
ATAS
ATAS is a platform that specialises in order flow analysis, cluster analysis, volume market profile and advanced technical analysis. The platform combines powerful analytical tools to increase market transparency, allowing you to react quickly and make better trading decisions.
Medved Trader
Medved Trader is a full-featured trading platform with real-time charting, hundreds of indicators, on-chart trading, alerts, scanning, option strategies and risk analysis. The platform allows you to connect to multiple data feeds at the same time or switch between them.
QuanTower
Quantower is a powerful trading platform for FX, stocks, crypto and futures markets with advanced charting features. The platform features over 40 drawing tools as well as a fully customisable, multi-windowed terminal to trade with.
Volfix
Volfix is a leading charting platform that features pricing data, financial research, global financial news and commentary, fundamentals and visual analysis tools. The stand-out feature is a depth of market window that displays ten price levels each way and allows entry and exit automation directly in the DoM window.
Photon Trader
Photon Trader is specifically designed for trading performance efficiency with some of the fastest execution speeds of any trading platform. The platform continues to be updated weekly to optimise execution processing speeds as new exchange modifications are released.
eSignal
eSignal is a renowned charting and trading platform with access to the same market data as the top institutions in the world. The platform not only features advanced charting and drawing tools but also comprehensive historical data and bar replay functionality for back-testing purposes.
Trading Platform Verdict
OneUp Trader offers one of the biggest and most diverse ranges of supported trading platforms on the market, according to our analysis. Ninja Trader is a good choice for a recommended platform (and free to use with OneUp Trader) while there are plenty of great alternatives. With such a big range, however, it’s important to do your research and pick a platform you’re familiar with.
OneUp Trader offers futures as its sole trading product, rather than spot or CFD instruments. If you prefer to trade Forex as CFDs, we have covered this with our best Forex prop trading firms.
With OneUp Trading you can trade 46 currency, equity, interest rate, commodities and micro e-mini futures products as follows:
For all futures markets, the Trading day starts at 5 PM CT and ends at 3:15 PM CT (not including holidays and weekends).
As per CME exchange rules, all positions must be closed by 3:15 PM CT or the market close of that product, whatever comes first. No positions must be opened between 3:15 PM CT to 5 PM CT.
All of your market data is provided by Rithmic, who are a reliable and trusted, high-speed data provider.
One limitation with OneUp Trader is that they are exclusively futures trading, if you wish to trade CFDs and Forex in addition to futures then have a look at our review of The Trading Pit.
Trading Products Verdict
While OneUp Trader has a relatively limited range of futures-only products to trade, all the major markets are there for you to choose from. If you’d prefer to trade spot or CFDs however, OneUp Trader may not be the prop firm for you.
Educational resources are rather limited at OneUp Trader, when compared with the top prop trading firms we’ve reviewed. The prop firm does, however, offer a range of helpful YouTube videos on a number of topics from top trading strategies to useful trading platforms for beginners.
Customer support is one area that OneUp Trader truly rises above. This is all due to the prop firm’s live chat feature and the incredibly quick and responsive support team behind OneUp Trader. A transcript of your messages will also be sent to you via email as a back-up. There is also a helpful FAQ section of the website that is easy to navigate, unlike some prop firms, whose websites can be quite messy.
Overall, OneUp Trader offers plenty of benefits as a prop firm. These include a simple evaluation process, a top profit split of 90% (including 100% of your first $10K in profits) and a diverse range of supported platforms. Incurring monthly fees during the evaluation is not ideal, however, and the futures-only product range may be too limiting for some.
One last thing worth noting is that OneUp Trader isn’t a forex funding company itself but a recruitment company that connects you with funding firms once you pass their evaluation.
Overall we give OneUp Trader a 6/10.
