Company Information

Company Name: OnlyFunds
Company Legal Name: Prop Trade Tech LLC
Company Registration No.: 2784 LLC 2022
Support: support@only-funds.com

Challenge Details

OnlyFunds offers two types of accounts for evaluations: the HFT Evaluation and the Standard Evaluation. Let’s break down both.

HFT 1-Stage Evaluation

Pricing:

$25,000 Account: $299
$50,000 Account: $599
$100,000 Account: $999
$200,000 Account: $1,799

Rules:

Profit Target: 10%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 90%
Drawdown Type: Balance-based
Time Limit: Unlimited
Max Lot Size: No max lot size limit
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: 0

HFT 2-Stage Evaluation

Pricing:

$25,000 Account: $199
$50,000 Account: $399
$100,000 Account: $699
$200,000 Account: $1,399

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 10%
Daily Loss: 5%
Profit Share: 90%
Drawdown Type: Balance-based
Time Limit: Unlimited
Max Lot Size: No max lot size limit
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: Not specified

Standard 2-Stage Evaluation

Pricing:

$25,000 Account: $149
$50,000 Account: $299
$100,000 Account: $499
$200,000 Account: $999

Rules:

Profit Target (Phase 1): 10%
Profit Target (Phase 2): 5%
Total Loss: 8%
Daily Loss: 4%
Profit Share: 90%
Drawdown Type: Balance-based
Time Limit: Unlimited
Max Lot Size: No max lot size limit
Payout Frequency: 14 days
Allows Copy Trading: Yes
Min Trading Days: Not specified

Scaling Plan

OnlyFunds did not offer any scaling plan for traders.

News Trading Rules

OnlyFunds granted traders the freedom to trade during news events, with no restrictions in place. This flexibility attracted traders who wanted to capitalize on market volatility around major news releases.

Payout Methods

OnlyFunds offered two payouts methods, Which are as follows:

bank transfers
Cryptocurrency

Prohibited Trading Strategies

There were few trading strategies that were not allowed and these strategies are

Latency arbitrage
Reverse arbitrage
Hedge arbitrage
Data feed manipulation
Tick scalping
Emulators
Account management via third-party copy traders
Signal trading via third-party copy traders

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