One Up Trader Review

In this One Up Trader Review we aim to provide our readers with all the information this prop firm offers. They are a Funded Trading company located in Delaware, US. They appear to be somewhat different to most of the Funded Trading models we have looked at so far. This includes their seemingly stricter rules, their monthly subscription and their profit split options. We can get right into it and find out how their model works.

2.5/5
One Up Trader Review








Advantages

  • Relatively low profit target
  • Offers 14 day free trial

Disadvantages

  • Monthly subscription costs
  • High minimum trading days
  • No overnight or weekend holds

How does This prop Firm Work?

One Up Trader provides Funded Trading accounts after a one-step evaluation. They offer accounts starting at $25,000 for novices and reach up to a $250,000 account size for experts. This company does offer a 14 day free trial for a $100,000 account so it is possible to test this out before you purchase. Their prices vary from $105 to $650 depending on which program you go with, and whether you want a 50% or 80% profit split. 

The evaluation period doesn’t have a maximum limit, but they do ask that you trade for a minimum of 15 days. They have clearly set out and well defined rules for the trader to adhere to in order to pass, and to continue with their funded account after the evaluation. These rules include  an increasing trailing drawdown of 2.5%  and no overnight holds as all of your trades must be closed by 3.15pm (CST). You also have a maxium drawdown of 5%.  The profit target traders need to meet appears to be 6% of their chosen account size, which is relatively low in comparison to other Funded Trading companies.

Once traders pass the evaluation phase, their rules mostly remain the same, however there are a couple of things to note here. On their website they state that their preferred trading platform is free during evaluation. This means that once you are funded, you are then expected to cover the costs of trading the markets with their partnered broker. Traders should also be aware that this company is a recurring monthly subscription-based Funded Trading model.

How much Capital do they provide and what are their prices?

One Up Trader offers five different account types where they offer two different cost options for either a 50% or 80% profit split. We have listed the prices below, the lower cost being the 50% and the higher cost is the 80% profit split option.

For their Novice $25,000 account they charge either $105 or $125 per month

The Beginner $50,000 account is either $120 or $150 per month

The Advanced $100,000 accounts cost either $240 or $300 per month

Their Professional $150,000 account costs either $300 or $350 per month.

The last account option is their Expert $250,000 which costs either $500 or $650 per month.

Are They legit?

We couldn’t find too much information on One Up Trader. We did find out that their website was registered in 2016, and they do have a presence on YouTube. We found a Trustpilot account with a limited response of 2 reviews from 2020. With this limited evidence it is harder for us to determine the legitimacy of this prop firm.

 

What platform do they use?

One Up Trader has up to 20 different platforms you can trade with, however they require everyone to download Rithmic/R|Trader. You must complete all their data requirements before connecting with any other platform. Their partnered broker appears to be NinjaTrader. Their full list of compatible platforms can be found on their website.

What markets can be traded?

One up offers 44 markets to trade. All the markets available with them are Futures. You can view the full list of the markets available on their website.

Do They Trade Crypto?

One Up Trader lists all their individual costs for commission and spreads on their website. However they are all roughly between $1-$3, with their four micro E-mini’s all being under $1.

How much does the company charge as commission and spread?​

Currently, One Up Trader does not offer Crypto as a trading instrument.

What are Their Withdrawal Options?

One Up Trader currently only withdraws through Bank Wire. They process the request on the same day and state funds will be released into your bank account within 48 hours. They have a minimum withdrawal amount of $1,000 which is after the profit split is applied. They also have a withdrawal threshold which varies based on the account size; all examples for this are listed on their website.

Do they provide education and training?

One up offers 44 markets to trade. All the markets available with them are Futures. You can view the full list of the markets available on their website.

Do they have Support and Contact options?

One up Trader has 24/7 support provided through a live chat feature on their website, a very in-depth help desk and FAQ section and a support email.

What makes them unique?

One Up Traders have some similar rules to many of the other prop firms in the industry. However, they do have some differences that make them unique to other companies. As far as we can tell they don’t have a scale up option to eventually progress your account size. Their maximum account size is $250,000 which is a purchasable account you would gain after evaluation.

Most of these prop firms charge a one off fee for the evaluation and no recurring costs once they become a Funded Trader. As previously mentioned,  One up Trader has a monthly subscription cost ranging from $105 to $650 monthly.

Another interesting selling point for them is that they allow their traders to keep 100% of their first withdrawal. While this does have some stipulations, we haven’t seen this offer with any other firm. They allow those on the 80% split option to keep 100% of their first $8,000 profit and those on the 50% profit target keep 100% of their first $5000

Overall, One Up Trader is certainly an interesting prop firm. While they do seemingly have more rules and stricter restrictions than most, they are at least transparent and give clear explanations.

If you want to find out more about One Up Trader, or sign up, you can do that here.