OneFunded Review: Prop Trading Platform For Crypto And Beyond

Traders no longer need large amounts of personal capital to access huge market positions, as there are prop firms offering opportunities to trade cryptocurrencies and a wide range of other markets. These firms offer skilled traders virtual funded accounts, and once traders consistently make profits, they can earn a significant share of the profits generated.

Prop firms have grown increasingly popular for several reasons. Traders no longer have to risk their savings, remote work is now the norm, trading platforms are more user-friendly than ever, and many people are seeking income opportunities outside traditional salaried jobs. OneFunded is a firm that aligns perfectly with this modern shift.

In this review, we break down everything you need to know about OneFunded. From its evaluation models to rules and payout structure. You’ll also find comparison tables and a clear, honest look at its strengths and weaknesses. By the end, you’ll be equipped to decide whether OneFunded is the right prop firm for you.

What Is OneFunded?

OneFunded is a proprietary trading firm run by a UK-registered company named Brynex Tech Ltd. Simply put, their business is to find talented traders. They do this by giving traders something called a “virtual funded account.” This is a simulated trading environment that works just like the real market. It allows traders to show their skills without the firm risking real money upfront.

The mission of OneFunded is to create a simple and low-risk path for traders to prove they are good at what they do. It does not put any time limits on its challenges; traders can take as long as they need. The fee to take a challenge is 100% refundable after traders receive their first payout. They also offer a high profit split, meaning traders can keep up to 90% of the earnings they make.

OneFunded offers different challenge types (One-Step, Two-Step, and 1F Limited) to suit various styles. Payouts are fast, happening every 14 days, with an option to get paid weekly. Finally, their Reward Points system lets you earn discounts and even free challenges over time.

This prop firm is great for beginners because the cost to start is very low. Intermediate traders who want a clear plan to follow will also find it useful. It also welcomes algorithmic traders who use Expert Advisors (EAs), news traders who need flexible rules, and swing traders who benefit greatly from having no time limits to worry about.

Account Types and Funding Programs

OneFunded offers three main paths for traders to get funded. These are called evaluation programs: the One-Step Challenge, the Two-Step Challenge, and the 1F Limited Challenge. Each one is made for different kinds of traders.

One-Step Challenge

This challenge is for traders who want simplicity, as it has only one phase. This means you only need to pass one set of goals to get a funded account. To pass:

• You need to make a profit of 10% from your starting account balance.
• You cannot lose more than 4% of your account in a single day.
• Your total losses from your highest point cannot exceed 6%.
• You must trade for at least 5 different days.
• There is no time limit; you can take as long as you need.
• The fee you pay is 100% refundable after your first payout.
• You can earn up to 90% of the profits you make.

This evaluation model is best for:

• Traders who have a steady and consistent strategy.
• Traders who do everything by hand and want a simple process.
• Anyone who likes clear and easy-to-understand rules.

Two-Step Challenge

This challenge has two phases, letting you prove yourself in two smaller steps. In phase 1, you need to make a profit of 8%. In phase 2, you need to make a profit of 5%.

• The daily loss limit is 5%, and the total loss limit is 10%.
• You must trade for at least 3 days in each phase.
• There is no time limit for either phase.
• The fees for this challenge range from $23 to $361, based on the account size you pick.
• Your fee is refundable, and the profit split is up to 90%.

This evaluation model is best for:

• Traders who like that the profit target for each phase is lower.
• People who prefer a two-step process to prove their skills.

1F Limited Challenge

This is an advanced challenge for very serious traders. There are only a few hundred spots available at a time, making it more exclusive. Its key rules are:

• Account sizes go up to $25,000.
• The daily loss limit is 5%, and the total loss limit is 11%.
• Phase 1 profit target is 7%.
• Phase 2 profit target is 4%.
• You only need to trade for a minimum of 1 day in each phase.
• The leverage is 1:40.

This evaluation model is best for:

• Experienced traders.
• Those who want to get funded faster.
• Traders who use robots (EAs) or trade the news and need flexible rules.

Once you are funded, there is a limit to how much virtual capital you can manage across all your accounts. The maximum total balance is $200,000. You can have as many active funded accounts as you want, as long as you stay under this total cap. Right now, OneFunded does not have a plan to automatically increase your account size over time.

Trading Rules and Conditions

Understanding the rules is key to passing your challenge and keeping your funded account. OneFunded’s rules are designed to be clear and to help you manage risk.

Key Risk Rules

The most important rules are about how much you can lose.

• Daily Loss Limit: This is the maximum amount you can lose in a single day. Once you hit this limit, your account will be closed for that day.
• Max Drawdown: This is the total maximum loss your account can have from its highest point. It is the most you are allowed to be down overall.

These rules are based on the total value of your account, including your current open trades. This means your floating profits or losses count towards these limits.

Allowed Trading Styles

OneFunded is very flexible and lets you trade in the way that works best for you.

• Expert Advisors (EAs): EAs are allowed but only after pre-approval. You must obtain approval before running any EA on a OneFunded account.
• Copy Trading: Within strict boundaries designed to prevent abuse and keep the playing field fair. Copy trading is permitted between your own OneFunded accounts. You may copy trades across accounts that are registered to the same individual (you)
• News Trading: You can trade during big economic news events. However, the firm will watch trades placed 5 minutes before and after high-impact news to ensure fair play.
• Overnight and Weekend Trading: You can hold trades open overnight and over the weekend.

Platforms

You can trade using your choice of two popular platforms. 

• The first is cTrader, a powerful platform known for its speed and clean design. 
• The second is TradeLocker, a user-friendly platform that can be used directly in your web browser. 
• Support for the MT5 platform is expected to be added in the future.

Payout Rules

Getting paid is simple and fast. Your first payout will be processed 14 days after you make your first profit on a funded account. After that, you can add a weekly payout option to get your money more often. The minimum amount you can withdraw is $100. You can get your money through USDT (TRC20) or by bank transfer for payouts of $1,000 or more.

Fees, Profit Splits, and Payment Methods

Let’s talk about money. It’s important to know how much it costs to join, how much you can earn, and how you get paid.

Fees

A fee is required to start a challenge with OneFunded. The good news is that the firm fully refunds this fee at your first payout, but if you fail the challenge, your fee is gone. There is no better way to incentivize success and ward off unprepared, unskillful traders. With OneFunded, there are no hidden charges or extra costs. What you see is what you get.

Profit Splits

OneFunded lets you keep up to 90% of the profit you make, depending on the challenge type you choose. To put it in monetary terms, that’s $90 you keep for every $100 made on the virtual funded account.

Payment Methods

When it’s time to get your money, OneFunded offers two main ways. For fast and low-cost transfers, you can use USDT TRC20, which is a type of cryptocurrency. Suppose you prefer traditional banking; they also offer bank transfers, which are typically used for larger payouts of $1,000 or more.

Platforms, Tools, and Technology

The quality of a prop firm often comes down to the systems it provides. Below are the trading platforms, analytical tools, and technological features that shape your overall trading experience.

Supported Trading Platforms

OneFunded supports the cTrader and TradeLocker platforms. cTrader is known for being very fast at placing your trades. It has a special feature called Depth of Market (DOM) that shows you the buy and sell orders in the market.

It also has a tool called cAlgo that lets you build and use automated trading robots. The platform has advanced charts and lets you add your own custom indicators. Because of these features, it is a favorite for traders who use robots.

The other choice is TradeLocker. You can use this platform right from your internet browser. You do not need to download any software to your computer. It is simple to run and works well even on slower computers. The design is clean and straightforward. It also links right to your OneFunded dashboard, so you can always see your account information live as it happens.

Tools: Analytics & Risk Management

Onefunded provides tools to help you stay safe and track your performance. You can easily track your account’s total value (equity) and how far it is from its highest point (drawdown). There is a dashboard that shows you details about all your past trades. Plus, there is a special Reward Center dashboard where you can see the points you have earned

Customer Support and Community

In case you need help, OneFunded offers a few ways to get it. You can reach their support team by sending an email. They also use a ticketing system: an organized way to make sure your question gets answered. For discussion with other traders, there is a Discord community. This is a chat server where you can meet and learn from others in the OneFunded program.

The firm also provides learning materials to help you succeed, such as video tutorials and written guides. These resources cover basic trading ideas and give you step-by-step instructions about trading with OneFunded.

The Discord community is quite active. Most of the people discussing there have taken on challenges. In essence, it is a helpful space where traders can work together and share their trading strategies and tips.

Advantages of OneFunded

OneFunded has many advantages that make it a good choice for traders. They include:

• Unlimited Trading Time: You are not rushed. There are no time limits on any challenge, so you can trade at your own speed.
• Low Entry Fees: It does not cost much to start. Challenge fees begin at just $23, which is less than many other firms.
• 100% Refundable Challenge Fees: Your challenge fee is given back to you after your first payout. This makes it less risky to try.
• Up to 90% Profit Split: You get to keep most of the money you make. For every $100 in profit, you can keep $90.
• Fast Payouts: You get your money every 14 days. You can also pay a little extra to get paid every week.
• News Trading and EAs Allowed: You can trade during big news events and use EAs.
• Multiple Platforms: You can choose to trade on cTrader or TradeLocker, whichever you like best.
• Reward Center: OneFunded lets you earn points for your activity with the firm. These points can be converted into discounts or free challenges later on.
• Transparent Affiliate Program: OneFunded rewards those who spread the firm’s good news in its transparent affiliate program.
• Beginner-Friendly: With as little as $23, even beginners can easily get started in Prop firm trading.

Drawbacks and Limitations

While OneFunded has many strengths, it is lacking in some key areas.

• No Reported Scaling Plan: OneFunded does not have a scaling plan. This means they will not automatically grow your account size as you succeed. The total amount of money you can manage is limited to $100,000. You cannot combine smaller accounts into a bigger one.
• User-Reported Concerns: Some traders have noted that the maximum account size is smaller than what some other firms offer, which can be $200,000 or more. Also, the amount of leverage you can use is limited on some account types, like the 1F Limited challenge.
• Platform Diversification: OneFunded could add more popular trading platforms like MT4, MT5, or TradingView, offering a better experience to traders who are more familiar with these platforms.

How OneFunded Compares to Other Prop Firms

It can be hard to choose a prop firm with so many decent firms springing up in the industry. Let’s see how OneFunded compares to some of the biggest names in the industry.

FTMO, for instance, is an older, well-known company. It is very trusted but has strict rules. It has no time limits on its challenges and offers a 90% profit split. FundedNext is also a strong competitor. It offers a higher profit split of up to 95% and has a special trailing drawdown rule based on your account balance, which some traders find easier.

OneFunded does things its own way. It has no time limits on any challenge, its fees are lower to start, it has a Reward Center to earn free challenges, and it offers a weekly payout option for faster access to your money.
OneFunded stands out in a few key areas. It is the best for low-cost evaluations, making it less risky to try. It is the best for traders needing time freedom because you will never feel rushed. Finally, it is the best for EA and news trading flexibility due to its friendly rules for these styles.

Is OneFunded Legit or a Scam?

OneFunded is a legitimate company. It is run by a UK-registered company named Brynex Tech Ltd. The firm offers simulated trading with virtual money, without asking traders to invest their own money for them to trade. OneFunded’s rules and risk models are also very clear and available for anyone to read.

The company shows it is honest in several ways. It has a clear refund policy for your fee. All the details about their programs are public. The process for getting your payouts is simple and well-explained. They also have open community channels, like Discord, where traders share their experiences.

OneFunded has a legitimate business structure. Its challenge rules are transparent, and they do not offer investment services. Your only risk is the one-time challenge fee, which makes it safer for traders.

Because OneFunded is a newer firm, it does not have a long history yet. It also does not have regulatory oversight, which is normal for most prop trading firms.

Who Should Trade with OneFunded?

OneFunded is a great fit for specific types of traders, but it might not be for everyone. The ideal trader for OneFunded is someone who is consistent. This includes 

1. Day traders with a steady strategy
2. Algorithmic traders who use robots (EAs)
3. Low-risk swing traders
4. It is also an excellent starting point for beginners because the low cost makes it less risky to try.

Your trading style also matters. OneFunded works very well if you use Expert Advisors (EAs), scalp, and trade the news. It is also perfect for long-term swing trading because there are no time limits to worry about. 

Before you start, make sure you fully understand the drawdown rules. Check that the leverage offered works with your trading strategy. For those who are new to this, it is a smart idea to begin with a smaller, less expensive challenge to learn the process.

How to Get Started with OneFunded

Starting with OneFunded is easy. Here is a simple guide to help you begin.

• Sign Up: First, create your free account on the OneFunded website.
• Pick a Challenge: Choose the challenge you like best.
• Pay the Fee: Pay the one-time cost for your chosen challenge.
• Get Your Login: You will get a username and password for the trading platform.
• Start Trading: Use your strategy to trade and try to make a profit.
• Reach Your Goal: Hit the profit target without breaking the loss rules.
• Get Approved: OneFunded will check your account and make it a funded account.
• Verify Your ID: Show a document like a passport to prove who you are.
• Get Paid: Start making money from your funded account and ask for your payouts.

How to Pick the Right Challenge

Think about what is important to you. Look at the different profit targets for each challenge. Choose a challenge with rules that fit how you trade. Your judgment of how you trade should only be based on tons of backtesting and forward testing data, not guesswork.  Suppose that you are a new trader, do not start with the biggest account. Pick a smaller, cheaper challenge to learn first.

To pass your challenge, be safe with your trades. Never lose more than your daily limit allows. Do not place too many trades. Use the same small lot size every time. Finally, always watch your account’s total value to make sure you are safe.

Final Verdict 

OneFunded is an excellent choice for traders. Its clear rules, low cost, and no time limits make it perfect for beginners and mid-level traders. While top traders might want a bigger account, OneFunded is a strong and fair option for most people looking to get funded.

FAQs

Is OneFunded a Regulated Prop Trading Firm?

No. Prop trading firms like OneFunded are not regulated in the same way as brokers. They are skill-testing platforms, not financial service companies where you invest your money.

How Long Does Payout Processing Take?

Your first payout takes 14 days. After that, you can choose to get paid every week. The minimum you can take out is $100, via crypto or bank transfer.

Does OneFunded Offer Refunds for Failed Challenges?

Your Challenge fee is only refunded after you get your first payout. Suppose you fail the challenge, you do not get your money back.

Are There Hidden Fees?

No, there are no hidden fees. The only fee you pay is the one-time evaluation cost.

Can Beginners Join OneFunded?

Yes. Its low starting cost and flexible rules make it a very good option for people who are new to trading.

What Can Disqualify a Trader?

You can be disqualified for breaking the daily loss or max drawdown rules, or for suspicious trading around major news events.

What Instruments Are Available to Trade?

You can trade Forex, stock indices, metals like gold, cryptocurrencies, and US and European stocks.

Does OneFunded Offer Real Money Trading?

No. All trading is done with virtual capital in a simulated environment. You earn real money from the simulated profits you make.