Details About OnlyFunds
- Legal Name: The legal name of OnlyFunds is Prop Trade Tech LLC.
- Company Number: The registration number of OnlyFunds is 2784 LLC 2022.
- Country of Registration: OnlyFunds is registered in an undisclosed country.
- CEO: The CEO of OnlyFunds is not publicly disclosed.
- Support Mail: You can contact OnlyFunds at [email protected].
- Phone: The phone number for OnlyFunds is not publicly available.
- Payment Modes: OnlyFunds supports payments via Crypto, Wire transfer/ Bank Transfer, Credit/Debit Card.
- Withdrawal Modes: OnlyFunds facilitates withdrawals through Wire Transfer/ Bank Transfer, Crypto, PayPal.
- Official Website: Visit the official website of OnlyFunds at https://only-funds.com.
- Banned Countries: OnlyFunds does not allow traders from undisclosed countries.
Challenge Details at OnlyFunds
- Types of Challenge:The challenges offered at OnlyFunds include One Phase Challenge, Two Phase Challenge.
- Trading Platforms:OnlyFunds supports trading on DXTrade.
- Trading Instruments:Traders at OnlyFunds can trade Forex, Commodities, Indices.
- Broker:The broker associated with OnlyFunds is Eightcap.
- Max Allocation:The maximum allocation provided by OnlyFunds is 200,000.
- Scaling:The scaling potential at OnlyFunds reaches up to not available.
- Trading Competitions:OnlyFunds does not organize trading competitions for traders.
- Free Trials:OnlyFunds does not offer free trials to its users.
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
OnlyFunds Challenge Account Pricing
HFT 1-Stage Evaluation
Pricing
Size: $25000 ($299)
Size: $50000 ($599)
Size: $100000 ($999)
Size: $200000 ($1799)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10
Daily Loss
4%
HFT 2-Stage Evaluation
Pricing
Size: $25000 ($199)
Size: $50000 ($399)
Size: $100000 ($699)
Size: $200000 ($1399)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
10%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%-5%
Daily Loss
5%
Standard 2-Stage Evaluation
Pricing
Size: $25000 ($149)
Size: $50000 ($299)
Size: $100000 ($499)
Size: $200000 ($999)
Features
Drawdown Type
Balance Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
8%
EA Allowed
EA Allowed
News Trading
News Trading is Not Allowed
Profit Target
10%-5%
Daily Loss
4%
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