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OnlyFunds

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Unregistered

CLOSED

Details About OnlyFunds

Legal Name: Prop Trade Tech LLC
Company Number: 2784 LLC 2022
Country of Registeration: Not disclosed
CEO: Not available
Support Mail: [email protected]
Phone: Not available
Payment Modes: Crypto, Wire transfer/ Bank Transfer, Credit/Debit Card
Withdrawal Methods: Wire Transfer/ Bank Transfer, Crypto, PayPal
Website: https://only-funds.com
Banned Countries:

Challenge Details at OnlyFunds

Types of Challenges: One Phase Challenge, Two Phase Challenge
Trading Platforms: DXTrade
Trading Instruments: Forex, Commodities, Indices
Broker: Eightcap
Max Allocation: $200,000
Scaling: $Not available
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
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About OnlyFunds

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Company Information

  • Company Name: OnlyFunds
  • Company Legal Name: Prop Trade Tech LLC
  • Company Registration No.: 2784 LLC 2022
  • Support: [email protected]

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