If you are an aspiring trader looking for a reliable and comprehensive trading platform, you might have come across OneUp Trader. Like many traders, you may be wondering whether OneUp Trader is legit and whether it is worth your time and investment. In this article, we will delve into the company’s background, features, and why OneUp Trader is worth it for traders seeking a funded trading program.
Learn More About OneUp Trader
OneUp Trader was founded in 2016 by a group of experienced traders and investors based in Chicago, Illinois. The company’s founders wanted to create a funding program that provided aspiring traders with the opportunity to develop their trading skills and gain access to funding without the high costs associated with other funding companies.
Since its inception,it has grown to become one of the most reputable funding programs in the trading industry, with a vast funding network and a community of traders from all around the world.
OneUp Trader’s team comprises seasoned traders, investors, and industry professionals with years of experience in trading, risk management, and finance. The company’s founders have a deep understanding of the challenges that traders face, and they have designed the program to address these challenges and provide traders with a supportive environment to develop their trading skills.
OneUp Trader’s Funding Program
OneUp Trader’s funding program is an innovative approach to funding traders. The program provides traders with a trading account that is fully funded by OneUp Trader, with a profit split based on the trader’s performance. The profit split ranges from 50% to 80%, depending on the size of the account and the trader’s performance.
To participate in the program, traders must go through a multi-step evaluation process that assesses their trading skills and strategy. The evaluation process includes a single evaluation phase that lasts for a few trading days, during which traders must meet certain performance criteria, such as reaching a profit target and maintaining a maximum drawdown.
If a trader passes the evaluation stage, they will be granted a funded trading account with OneUp Trader. This account comes with a daily loss limit, trading channels, and advanced trading statistics. The trader will then receive a profit split based on their performance, and the account will be reset every month.
OneUp Trader’s Business Model
OneUp Trader’s business model is unique in the trading industry. Unlike other funding companies, OneUp Trader does not charge monthly data fees or require traders to pay for the evaluation process. Instead, traders only pay for the funded account if they pass the evaluation stage and receive the funding.
OneUp Trader’s funding partners include a vast funding network that provides funding for traders worldwide. The company also offers an express funding option for traders who need funding quickly and Fantastic customer service.
OneUp Trader has received an impressive high rating of 4.7 out of 5 stars from 396 reviews on Trustpilot, with a TrustScore of 4.5 out of 5. This score demonstrates the satisfaction and trust that customers have in the services provided by OneUp Trader. The reviews emphasize several key aspects of the company that make it a popular choice among traders.
Customers appreciate the transparent and consistent processes offered by OneUp Trader, with no hidden tricks or gimmicks. The company’s FAQ page clearly outlines the details of their services, which clients find helpful and reliable. The addition of the express funding option has been well-received by users, as it provides an extra layer of security and convenience.
OneUp Trader’s non-toxic community has been praised by clients, creating an encouraging environment for both novice and experienced traders. Their customer service is often described as friendly and efficient, ensuring that clients feel supported throughout their trading journey.
The evaluation process, while challenging due to trailing drawdowns and its lengthy nature, is seen as fair by many customers. This has led to numerous recommendations for OneUp Trader in comparison to other trading platforms. The introduction of the express account has further enhanced their service offering for traders who may not succeed in their initial funded account attempts.
Who is OneUp Trader Best For?
OneUp Trader’s funding program is designed for traders of all levels who are looking to develop their trading skills and gain access to funding. However, the program is particularly beneficial for the following types of traders:
- Aspiring Traders: OneUp Trader’s funding program is an excellent option for traders who are just starting and do not have the capital or resources to trade with. The program provides traders with a fully funded trading account, daily loss limit, and advanced trading statistics, allowing them to hone their trading skills without risking their own capital.
- Experienced Traders: Experienced traders who are looking for a reliable and transparent funding program can benefit from OneUp Trader’s innovative approach to funding. The company’s flexible profit split and advanced trading statistics provide experienced traders with the tools and resources they need to maximize their profits and refine their trading strategies.
- Swing Traders: Swing traders who trade over a longer time frame can benefit from OneUp Trader’s monthly evaluation process and reset of the trading account. This ensures that traders have the opportunity to optimize their trading strategies and take advantage of market trends.
- Day Traders: Day traders who rely on quick trades to generate profits can benefit from OneUp Trader’s daily loss limit and maximum drawdown policies, which help to mitigate risk and ensure that traders do not exceed their risk tolerance.
- Scalpers: Scalpers who trade on a shorter time frame can benefit from OneUp Trader’s funded trading account and advanced trading statistics, which provide them with the tools they need to identify profitable trades and maximize their profits.
OneUp Trader’s Quick Start Bonus
One of the unique features of OneUp Trader’s funding program is the quick start bonus. Traders who pass the evaluation stage and receive funding within ten days of registering for the evaluation process are eligible for the quick start bonus. This bonus ranges from $50 to $300, depending on the size of the account and the trader’s performance during the evaluation stage.
Final Thoughts – Is OneUp Trader Worth it?
OneUp Trader is undoubtedly worth it for traders seeking a funded trading program that provides a transparent and fair evaluation process, flexible profit split, and advanced trading statistics. The company’s daily loss limit and maximum drawdown policies ensure that traders are not exposed to excessive risks, and the company’s vast funding network provides traders with access to funding from different sources.
Additionally, OneUp Trader’s community for traders and trading channels provide traders with a supportive environment to share their trading strategies and learn from experienced traders. This community aspect is often lacking in other funding programs, making OneUp Trader a standout in the industry.
We can confidently say that OneUp Trader is legit and offers a reliable and comprehensive funding program for traders. With its transparent evaluation process, flexible profit split, and advanced trading statistics, OneUp Trader is a standout in the industry and a great choice for traders looking to develop their trading skills and gain access to funding. Click here to get started today!