Introduction

If you are looking into prop trading firms, you have probably already heard about OneFunded. In this blog, we’ll break down the OneFunded challenge models, profit split, payout, and how traders can take advantage of OneFunded offers in detail. We will also consider essential definitions, such as virtual capital, challenge fee, and non-deadline trade.

How does the OneFunded Model work?

OneFunded is a proprietary trading firm (prop firm) that offers traders the opportunity to prove their trading skill through a challenge model, receive virtual capital, and then trade in a live market under risk management guidelines.

Key benefits

• There are no deadlines - you can take your time completing your challenge.
• You get a high profit split (80%) - successful traders get to keep a large chunk of profits.
• You will be refunded your challenge fee after your first payout - this reduces trader risk for new and experienced traders. 

OneFunded brands itself as “the prop firm to power your trading success,” and as they state, provides scalable account sizes ($2K, $5K, $10K, $25K, $50K, $100K) based on a trader’s performance.

OneFunded Challenge Models

Challenge Phases & Targets

Generally, OneFunded follows the two-step (or phase) process for the challenge:

• Phase 1 (Challenge Phase). Make your profit target whilst hitting your drawdown and risk rules.
• Phase 2 (Review/Confirmation). Further verification of the consistency of returns and risk management and control rules, before funding.

You will choose your account size (e.g. $10k, $25k), plus identify your level of risk and then trade under your challenge rules.
 

Trading Rules & Drawdown Limits

Like many prop firms, OneFunded will have certain rules that you will be required to follow, including, but not limited to:

• Daily loss limit or max drawdown, Minimum no rule violations (e.g. can't trade during news spikes, or over-leveraged), Minimum level of consistency across trades
• If you break any rules, you will fail the challenge and be required to either start over or lose the chance for funding.

No Deadline Feature

OneFunded has no time deadline to complete the challenge, which offers flexibility to traders. You will be evaluated only on your performance, each trader is not being pressured by a clock. This model has advantages, especially for traders who wish to trade at leisure and pace, rather than race against the clock.

Profit Split Structure and Fee Refunds

80/20 Profit Split

Once you get funded, you retain 80% of your profits, while OneFunded retains the rest. This is one of their key sales points. For instance, if you profit $1,000 from a funded account, you get $800 and they would keep the other 200. 
 

Challenge Fee & Refund Policy

In order to enter the challenge, you pay a fee for the challenge (varies depending on the size of your account). The good news is, after your first successful payout, OneFunded sends you a refund for the challenge fee you paid. This aids in minimizing risk on behalf of the trader while providing you with some “edge in the game."

Process and Schedule for Payout 

Payout Cycle 

OneFunded pays on a 14-day cycle, at which time you can request a withdrawal for a minimum payout after that threshold has been met. Yes, they process every 2 weeks. They do have a variety of different methods (including crypto, wire transfer, etc.) and mention that payouts are transparent and presented in an easy manner to view.

How to Request Payouts

• As stated above, you have to pad the minimum payout level within your funded account.
• Click the dashboard and request your payout.
• Select how you want the funds released (bank, crypto, etc).
• Then, once the 14-day payout cycle is complete, you would expect to receive the payout.

Tips to Maximize Earnings & Overall Success with OneFunded

• Trade in a conservative manner: Rule violations will instantly disqualify. Don't do it.
• Put an emphasis on consistency: No need to rush after a big trade; you will often find that small, consistent wins are the winning trades.
• Use the no deadline policy responsibly: Be sure to think through trades and modify plans as needed.
• Utilize the fee refund program: Once your first legitimate withdrawal has been made, the fee for the challenge is completely refunded to you.
• Build your account size slowly: Focus on building a track record, then move on to larger account sizes.
• Keep documentation & proof: Keep proof of your trades to leverage for successful withdrawal.

Risks & Things to be Careful Of

• Many prop firms have stringent rules; any minor transgression may void your challenge.
• You do not actually deposit to trade, but you are responsible for a challenge fee upfront.
• Volatility in the markets, slippage, and execution can impact your ability to achieve your targets.
• Your payout is contingent on you meeting all of the conditions - making the target profit does not guarantee that you will be paid if rules are violated.

Final Thoughts

OneFunded operates a prop firm model that appeals to disciplined traders who think strategically. Their offered trading model with no deadlines on challenges, an 80% profit share, and a refund of the challenge fee all combine to create an offer that is hard to ignore. However, along with the positive trading challenge, traders need to understand that success will ultimately depend on complete adherence to the rules, consistency when trading, competency with risk and experience. If you are capable of processing these elements of the firm and challenge like a trader, the OneFunded challenge models, profit split and payout structure could be a pathway to earn from virtual capital with real returns.
 

Looking for the best prop trading firm? - Head to The Trusted Prop to compare and find the latest info on top prop firms!
 

Waiting for a promising prop firm? - Then, OneFunded is a best option for you