OneUp Trader Review
Honesty matters. Integrity matters. It's a line from a movie, but it might-as-well be OneUp Trader's official slogan.
With full disclosure of eligibility requirements and detailed explanation of what's expected of you, this funded account provider offers a level of transparency you usually don't see from other trading services.
And for the record - it's quite refreshing. In this OneUp Trader review, we'll break down whether its services actually live up to its promises. We'll cover all the important details and help you decide if a OneUp Trader Funded Account is right for you.
Update: I received feedback from a reader complaining about the things going on with OneUp Trader. I will not reveal the whole things he said since I focus on unbiased opinion on my site. However, his feedback led to further research, and what I found is that OneUp Trader does not disclose their full company name and address on their site. Also, I found a document on justia.com and casetext.com about a dispute between TopstepTrader and Oneup Trader. Within those legal documents, the company name OneUp Trader, LLC, and Sattam Alsabah are mentioned. What are your experiences with OneUp Trader? Please let me know.
See Also: Best Funded Trader Program
What is OneUp Trader?
OneUp Trader is a funded account provider that offers risk-free access to capital. Despite a decade of experience, OneUp's team doesn't promote an 'in-house' trading style. Instead, the company focuses on growing traders from within - promoting independent thought and decision making.
OneUp seeks to empower traders by fostering its core principles. With simplicity in mind, the team aims to provide a seamless transition from the point of getting started to the point of getting funded. Their programs also have no hidden fees and don't require any add-on purchases after you sign up.
Most importantly though, the service is built on trust. While many of its competitors require traders to jump through hoops and outline unrealistic trading goals, OneUp applies a holistic approach to help traders reach attainable levels of success.
As well, it also offers extensive community support where you can learn, share and work together with other traders on the platform.
Products | Services | Costs
OneUp Trader has a single service: its funded trading account. Let's take a closer look.
OneUp Trader Funded Trading Account
Systematically created and covering all the details in the process, a OneUp Trader Funded Account offers the ability to trade risk-free using the OneUp team's capital.
But, before you can start, there are five steps to get approved:
Choose your account size and profit split
OneUp Trader offers account sizes ranging from $25,000 to $250,000. Depending on the option chosen, you can choose a 50% profit split or an 80% profit split. To receive a $25,000 funded account with a 50% profit split, you pay $95 per month.
Benefits and requirements include:
- $1,500 profit target
- $1,500 maximum drawdown
- $500 daily loss limit
- Receive 100% of your first $5,000 in profits
- $100 account reset
Conversely, to receive a $25,000 funded account with an 80% profit split, you pay $125 per month. All of the benefits and requirements are the same as above, except here, you receive 100% of your first $8,000 in profits.
So what other perks are included?
- Plenty of funding sources over its vast funding network
- Zero monthly data fees for funded traders
- Unrestricted trading schedule where you can trade on your own time
Undoubtedly, One up trader has a lot to offer.
Prove you can manage your account
Step-2 is all about showcasing your trading skills. At the outset, OneUp's team outlines a detailed list of requirements to ensure you have what it takes to succeed as a trader.
And what rules do you need to follow?
- You must participate in a minimum of 15 trading days excluding holidays and weekends
- You must only trade securities on OneUp's permitted trading list
- You must close all trading positons by 3:15 CST
- You must adhere to the maximum positon sizes outlined in the funded account option you choose
- You must meet the required profit target outlined in the funded account option you choose
- You can't exceed your daily loss limit or your positions may be flattened or halted until the following trading day
- You can't allow your account balance to fall below the trailing drawdown limit
- You must demonstrate consistent results and have 3 days of trading profits that sum to at least 80% of your largest days trading profit
A lot to digest, we know. But keep in mind, what makes OneUp Trader so great is its level of transparency. Rather than making outlandish promises, then hitting you with a list of requirements later, the team covers all the details upfront so you can make the best decision.
Choose your preferred trading platform
Sticking to its promise independent thought, OneUp Trader doesn't require you to use its software or require any additional add-ons. While it recommends NinjaTrader as its go-to trading platform, you can choose from over 19 other options including Sierra Chart, R-Trader and Order Flow Trading.
Share, chat and analyze your strategy
After deciding which platform is right for you, the next step is to discuss your ideas with like-minded traders on the Social Dashboard. Here, you receive feedback from other OneUp members who help you reach your goals.
The dashboard is packed with plenty of great benefits:
- You can post, share and follow other traders in the community
- Gain access to multiple trading channels
- Participate in live community chat
What's more, you also receive access to the latest news moving the market:
- Receive streaming quotes and industry news
- Receive the latest economic data
- Data on the latest market movers and shakers
- Live stream of financial news networks
Last, but definitely not least, is account analytics. Here, you receive detailed information about trading positons, account balances and overall profit and loss analysis.
Other benefits include:
- Advanced trading statistics
- Daily updates with detailed trade analysis
- Visual representation of in-depth statistics
- Metrics to help you reach your target goals
So you followed the rules and met the requirements. Time to get paid, right? Absolutely. Once you fulfill the obligations above, OneUp Trader guarantees you receive funding in the exact amount you specified otherwise they will refund 100% of your enrollment costs.
More importantly, with its quick start bonus you get to keep 100% of your first $5,000 in winnings when you choose a 50% profit share, and keep 100% of your first $8,000 in winnings when you choose an 80% profit share.
Now if it's that easy - are we bullish on OneUp Trader's Funded Account?
To be honest, it's hard to find any negatives. With transparency at the forefront, the platform offers a level of integrity that many other providers lack.
More importantly, the team clearly outlines every detail and if any promise can't be fulfilled - you receive a 100% refund of all your sign up costs.
Now for the best part.
OneUp Trader offers a Free 14-Day Trial where you get access to a $100,000 practice account and can test out all of the features the site has to offer. Everyone knows, a free trial speaks to authenticity and integrity of any service.
And given the upfront nature of OneUp's business model, its free trial offers a great way to test the product risk-free. As well, the trial period will provide a clear sense of whether its social dashboard, news feed and analytics software can really make you a better trader.
Now what about cost?
Compared to many other funded account providers like Maverick Trading, OneUp's pricing is very reasonable. At $95 a month ($1,140 annually) for the 50% profit share option and $125 a month ($1500 annually) for the 80% profit share option, you receive affordable access to capital.
Think of it like this:
If you choose the 80% profit share option, it's analogous to a 6% interest rate on borrowed capital. Considering you receive a multitude of other benefits - including community support - the cost is more than reasonable.
And what about risk?
Remember, there is none. You're trading with OneUp's capital, so any losses are absorbed by the firm. Of course, it's compensated by charging you the monthly fee, but you still have peace of mind knowing there is zero risk on the downside.
From our perspective, OneUp Trader is definitely worth a look. If you're an experienced trader, your best bet is to opt for the $125 a month plan. Here, you keep an extra 30% of your winnings with it only costing an extra $360 per year.
On the other hand, if you're a novice trader, opt for the $95 a month plan. Your trading results will be pretty volatile so the extra savings can help reduce your breakeven.
OneUp Trader Free Trial | Promo Code
To its credit, OneUp Trader offers a Free 14-Day Trial where you can test your strategy using a $100,000 practice account while at the same time enjoying full access to all of the platform's features.
More importantly - by allowing trial access - it shows OneUp stands behind its service. And isn't that the way it should be? As well, you can also follow the team on its OneUp Trader Facebook and OneUp Trader Twitter pages.
OneUp Trader Checklist
- Founded: Not listed
- Educators: Not listed
- Number of members: Not listed
- Company Address check: Not listed
- Free trial: Free 14-Day Trial of the entire site which includes a $100,000 practice account
- Free resources: OneUp Trader Facebook, OneUp Trader Twitter
- Coupons: No
- Money back guarantees: 100% money back guarantee if OneUp Trader can't fulfill funding
- Price level: $95 per month ($1,140 annually) to $125 a month ($1500 annually)
- Transparency: Average
- Verified income statements: No
Who is OneUp Trader Best For?
OneUp Trader is beneficial for traders of all skill levels. Offering a great balance between price and value, its team provides education, trading resources and best of all - access to capital.
If you're new to the trading game, you can benefit from its expert training as well as having zero downside risk in your account. As well, when considering the cost of buying portfolio protection, trading with OneUp's capital is extremely beneficial.
If you tried to hedge your positions alone using options or other financial derivatives, your total cost would be roughly the same. And keep in mind, that's before factoring in all of the great educational and software resources you receive through OneUp.
OneUp Trader Review Summary
OneUp Trader provides a fair introduction into the world of funded accounts and does so in an transparent way. Instead of making false promises and using marketing gimmicks, the site simply outlines its five steps for funding eligibility.
To that point, its prices are also clearly outlined and trader requirements are presented in full. The $125 a month plan with an 80% profit split seems to be the best deal.
Here, you keep 30% more of your winnings and compared to a 50% profit split, with plans for $95/month. Whatever you decide, OneUp Traders Funded Account is one of the better options available.
As lined out in the TopstepTrader review, TopstepTrader is the market leader, and for $120/month, you can trade a $30,000 account while OneUp Trader only allows a $25,000 account for $125/month.
Over 20 trade execution platforms like NinjaTrader, R|Trader, MultiCharts, and Bookmap, can be used during the funded trader account evaluation and when trading the funded account. Unfortunately, there is no clear statement available about how many traders got funded in the past. It would be good to find the full company information on their site to see who is behind this service.