Trading Platforms at OnlyFunds
OnlyFunds offers MT4 as a trading platform. MT4 is a beginner friendly platform with advanced trading tools.
Range of Instruments by OnlyFunds
OnlyFunds has partnered with Eightcap to deliver a wide range of instruments available to trade which include: Forex, Commodities and Indices. Eightcap is regulated by various government bodies.
Below is the leverage across both HFT & Standard challenges/OnlyFunds accounts:
- HFT: Challenges – 1:30
- OnlyFunds Account – 1:30
- Standard: Challenges – 1:50
- OnlyFunds Account – 1:50
This leverage structure is designed with a long-term perspective, promising both sustainability and risk management for traders.
| Tradable Instrument | Leverage |
|---|---|
| Forex | 1:30 & 1:50 depending on the account type |
| Commodities | 1:30 & 1:50 depending on the account type |
| Indices | 1:30 & 1:50 depending on the account type |
Commodities
| XAG/USD | XAU/USD | XPD/USD | XPT/USD |
| BRENT | CL | NGAS |
Indices
| ASX | DAX | DOW | FTSE |
| STOXX50 | NSDQ SP | NIKKEI | HK50 |
Forex Pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/SGD | AUD/USD |
| AUD/ZAR | CAD/CHF | CAD/JPY | CHF/HUF | CHF/JPY | CHF/ZAR |
| EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK | EUR/GBP | EUR/HUF |
| EUR/JPY | EUR/MXN | EUR/NOK | EUR/NZD | EUR/PLN | EUR/RUB |
| EUR/SEK | EUR/SGD | EUR/USD | EUR/ZAR | GBP/AUD | GBP/CAD |
| GBP/CHF | GBP/JPY | GBP/NZD | GBP/SGD | GBP/USD | GBP/ZAR |
| NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY | NZD/SEK | NZD/SGD |
| NZD/USD | SGD/JPY | USD/CAD | USD/CHF | USD/CZK | USD/HKD |
| USD/HUF | USD/ILS | USD/JPY | USD/MXN | USD/NOK | USD/PLN |
| USD/RUB | USD/SEK | USD/SGD | USD/ZAR | ZAR/JPY |
Payment Methods at OnlyFunds
To pay your challenge account at OnlyFunds you will need a credit card or crypto.
Available Account Sizes at OnlyFunds Review
There are 5 available accounts ranging from $25k-$300k.
Profit Split Structure at OnlyFunds
For HFT Accounts the following profit split & schedule is applicable: Month 1: 60% profit split 5% profit cap on account Month 2: 70% profit split 5% profit cap on account Month 3: 80% profit split 5% profit cap on account Month 4 & Onwards: 80% profit split, no profit cap.
Targeting Profits with OnlyFunds
Once you become a funded trader with OnlyFunds, you will no longer need to meet any profit targets. In the first phase for all account types, the profit target is 8%. The exception is the $25k HFT account with a 10% profit target. In the second phase, the profit target is 5%.
Daily Loss and Drawdown Rules at OnlyFunds
The maximum daily loss is 5% for Standard accounts. It’s 4% for HFT accounts. The maximum overall loss is set at 10% for Standard accounts and 8% for HFT accounts.
Minimum and Maximum Days for Trading at OnlyFunds
For Standard accounts the minimum is 3 trading days in both phases. HFT accounts have a minimum of 10 trading days. There are no maximum trading days for Standard accounts. The HFT accounts maximum trading days are 30 days for phase 1 and 60 days for phase 2.
OnlyFunds Challenges
| Account Size | $25,000 Standard | $25,000 HFT | $50,000 Standard | $50,000 HFT | $100,000 Standard | $100,000 HFT | $200,000 Standard | $200,000 HFT | $300,000 Standard | $300,000 HFT |
|---|---|---|---|---|---|---|---|---|---|---|
| Steps | 2-step | 2-step | 2-step | 2-step | 2-step | 2-step | 2-step | 2-step | 2-step | 2-step |
| Price | $149 | $250 | $299 | $350 | $499 | $499 | $999 | $999 | $1499 | $1499 |
| Leverage | 1:50 | 1:30 | 1:50 | 1:30 | 1:50 | 1:30 | 1:50 | 1:30 | 1:50 | 1:30 |
| Profit split | 80% | 1st split: 60/402nd split: 70/303rd split: 80/20 | 80% | 1st split: 60/402nd split: 70/303rd split: 80/20 | 80% | 1st split: 60/402nd split: 70/303rd split: 80/20 | 80% | 1st split: 60/402nd split: 70/303rd split: 80/20 | 80% | 1st split: 60/402nd split: 70/303rd split: 80/20 |
| Phase 1 profit target | 8% | 10% | 8% | 8% | 8% | 8% | 8% | 8% | 8% | 8% |
| Phase 2 profit target | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% | 5% |
| Phase 3 profit target | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Max daily loss | 5% | 4% | 5% | 4% | 5% | 4% | 5% | 4% | 5% | 4% |
| Max total loss | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% | 10% | 8% |
| Minimum tradin | 3days (Phase1&2) | 10days (Funded) | 3days (Phase1&2) | 10days (Funded) | 3days (Phase1&2) | 10days (Funded) | 3days (Phase1&2) | 10days (Funded) | 3days (Phase1&2) | 10days (Funded) |
| Maximum trading days | N/A | 30days (Phase 1), 60days (Phase 2) | N/A | 30days (Phase 1), 60days (Phase 2) | N/A | 30days (Phase 1), 60days (Phase 2) | N/A | 30days (Phase 1), 60days (Phase 2) | N/A | 30days (Phase 1), 60days (Phase 2) |
| Refundable fees (yes/no) | Yes | No | Yes | No | Yes | No | Yes | No | Yes | No |
| Free trial (yes/no) | No | No | No | No | No | No | No | No | No | No |
Pricing for Challenges
| Account Size | $25,000 Standard | $25,000 HFT | $50,000 Standard | $50,000 HFT | $100,000 Standard | $100,000 HFT | $200,000 Standard | $200,000 HFT | $300,000 Standard | $300,000 HFT |
|---|---|---|---|---|---|---|---|---|---|---|
| Price | $149 | $250 | $299 | $350 | $499 | $499 | $999 | $1000 | $1499 | $1499 |
Fees and Commission Structure
Information is not available.
Refund Conditions at OnlyFunds
At OnlyFunds, you only get a refund on Standard accounts and after you finish the challenge successfully. Fee is refunded with your first payout. Make sure you don’t break any rules before the first payout since in that case, OnlyFunds is not obligated to refund.
Free Trials at OnlyFunds
Free Trials are not available at OnlyFunds.
How Often Does OnlyFunds Prop Firm Pay Traders?
Every 30 days you can request the payout of your profits. Standard time to process withdrawals is 24 – 72hrs. If they are checking the account data, this may take longer than 72h.
- Fast Payouts
- Great Customer Service
- New firm with lack of detailed information
OnlyFunds FAQ
$100 USD
Yes, they have a 5% profit cap in place for the first 3 months. The Profit cap is based on the initial starting balance of your account. This means if you have a $100,000 account, the maximum you can withdraw would be $5000. Your profit split would then be deducted from this amount.
If the profit made on the account is greater than the profit cap, it will simply not be counted and removed. Example: Account Size = $100k Profit Cap = 5% Profit Split = 60% Withdrawal Requested = $5000 (profit cap reached) Final Payment = $3000. The profit cap will only be removed after 3 successful withdrawals.
No, HFT is not allowed on OnlyFunds.
Trading with the use of an Expert Advisor (EA) is permitted.
Yes. News trading is allowed.
Yes. Trading and holding on weekends is permitted.
