OnlyFunds is a prop firm owned by Darre, Connor, and Joel. Like other prop firms, they choose who gets to trade with them by an evaluation process. Once you pass the evaluation process, you become a funded trader, and you get to trade with the capital you selected.
OnlyFunds Available Trading Platforms
You can trade on OnlyFunds using the MT4 platform. MT4 is an online trading platform known for its simplicity and advanced tools.
Trading Instruments Offered at OnlyFunds
OnlyFunds offers a wider range of instruments with their partnership with Eightcap. You can trade:
- Forex
- Commodities
- Indices
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:30 & 1:50 depending on the account type |
| Commodities | 1:30 & 1:50 depending on the account type |
| Indices | 1:30 & 1:50 depending on the account type |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Forex Pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD | AUD/USD |
| AUD/ZAR | CAD/CHF | CAD/JPY | CHF/HUF | CHF/JPY | CHF/ZAR |
| EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK | EUR/GBP | EUR/HUF |
| EUR/JPY | EUR/MXN | EUR/NOK | EUR/NZD | EUR/PLN | EUR/RUB |
| EUR/SEK | EUR/SGD | EUR/USD | EUR/ZAR | GBP/AUD | GBP/CAD |
| GBP/CHF | GBP/JPY | GBP/NZD | GBP/SGD | GBP/USD | GBP/ZAR |
| NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY | NZD/SEK | NZD/SGD |
| NZD/USD | SGD/JPY | USD/CAD | USD/CHF | USD/CZK | USD/HKD |
| USD/HUF | USD/ILS | USD/JPY | USD/MXN | USD/NOK | USD/PLN |
| USD/RUB | USD/SEK | USD/SGD | USD/ZAR | ZAR/JPY |
Payment Options at OnlyFunds
At OnlyFunds, you can use major credit cards and cryptocurrency as payment options.
Account Size Varieties at OnlyFunds
You can choose from five different account sizes that vary from $25k to $300k at OnlyFunds.
Profit Share Dynamics in OnlyFunds
The profit split is 90:10. This means that you get to keep 90% of the profit, while OnlyFunds keeps 10%.
Profit Targets Across Challenges
In the first phase for all account types, the profit target is 8%. The exception is the $25k HFT account with a 10% profit target. In the second phase, the profit target is 5%. Once you become a funded trader with OnlyFunds, you will no longer need to meet any profit targets.
How To Contact OnlyFunds
You can contact OnlyFunds through live chat, Discord, social media, or email at [email protected].
Max Daily/Total Loss and Drawdown Rules at OnlyFunds
The maximum daily loss for HFT accounts is 4% and for standard accounts 5%. The overall loss is 8% for HFT accounts and 10% for standard accounts. The maximum daily loss for standard accounts is 5% and for HFT accounts 4%. The maximum overall loss for standard accounts is 10% and for HFT accounts 8%.
Maximum/Minimum Trading Days Policy at OnlyFunds
Standard accounts at OnlyFunds require a minimum of 3 trading days for both phases. For HFT accounts, it’s 10 days. There’s no maximum trading days for standard accounts, while for HFT accounts it’s 30 days for phase 1 and 60 days for phase 2.
Challenge Participation Fees
Each of the challenges has a different price, check them below.
| Account Size | $25,000 Standard | $25,000 HFT | $50,000 Standard | $50,000 HFT | $100,000 Standard | $100,000 HFT | $200,000 Standard | $200,000 HFT | $300,000 Standard | $300,000 HFT |
|---|---|---|---|---|---|---|---|---|---|---|
| Price | $149 | $250 | $299 | $350 | $499 | $499 | $999 | $1000 | $1499 | $1499 |
OnlyFunds Fee and Commission Details
There is no information regarding commissions and fees at OnlyFunds.
Are Fees Refundable at OnlyFunds
Fees at OnlyFunds are refundable after you finish the evaluation process on Standard accounts, but not on HFT. You’ll get a refund with your first payout on a Standard account.
Does OnlyFunds Offer Free Trials?
No. OnlyFunds doesn’t offer free trials.
Payout Intervals at OnlyFunds
Monthly after you get funded.
Breaking Down OnlyFunds Pros and Cons (According to Community Reviews)
According to Trustpilot, all user reviews are positive. But keep in mind there are only 27 reviews given so far. The total Trustpilot score is 4.7 out of 5.
- Quick Payouts
- Good Customer Service
- New company with scarce information
OnlyFunds FAQ Section
The maximum combined capital is $600k.
Weekend Trading
Weekend trading and holding are allowed.
News Trading
You’re able to trade news at OnlyFunds.
Standard Evaluation Start Time
The evaluation starts the moment you place your first trade.
