OneUp Trader

OneUp Trader is a proprietary trading funding platform registered in the United States, specifically in Wilmington, Delaware. The company was founded on July 22, 2021, and operates through the website oneuptrader.com. Unlike traditional retail forex brokers, OneUp Trader does not offer direct market access or trading accounts for retail clients; instead, it provides a evaluation-based funding model where successful traders receive a funded trading account with capital provided by the firm's funding partners.

The platform is designed for individuals who want to trade futures without risking their own capital. Traders must first pass a one-step evaluation, demonstrating their trading skills under simulated conditions, before being eligible for a funded account. OneUp Trader positions itself as a prop firm challenge provider, focusing on futures markets rather than spot forex or CFDs.

OneUp Trader is not regulated by any financial authority. The company is registered as a business entity in Delaware, but it does not hold a regulatory license from bodies such as the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA) in the United States. This absence of regulation is a critical factor for traders to consider, as it means there is no external oversight of the firm's operations or segregation of client funds.

In FXCanary's assessment, the lack of regulation significantly elevates the risk profile of OneUp Trader. While prop firm models are generally less regulated than retail brokers, the absence of any license or compliance framework means traders have limited recourse in the event of disputes or financial issues. Prospective clients should weigh this carefully.

OneUp Trader offers a single evaluation phase, referred to as a 1-Step Evaluation. Traders must meet profit targets and adhere to risk rules to pass. The exact account sizes range from $25,000 to $100,000 or more, as inferred from the help desk articles. Each account tier comes with specific rules regarding maximum contracts, profit thresholds, and drawdown limits.

Once a trader passes the evaluation, they must complete a trader questionnaire and sign a contract with OneUp Trader's funding partners. The process takes approximately three business days after approval. Traders may be required to pay an activation fee, though details are not fully disclosed. The evaluation itself uses simulated trading conditions with realistic commissions and fees.

OneUp Trader supports popular futures trading platforms such as Rithmic R|Trader Pro and NinjaTrader Desktop (V.8.1). These platforms are provided free of charge to funded traders. The broker does not offer its own proprietary trading interface.

Permissible products include major equity index futures such as the E-mini S&P 500 (ES), E-mini NASDAQ 100 (NQ), E-mini Dow (YM), and E-mini S&P Midcap 400 (EMD). Trading is restricted to normal trading hours, with overnight trading permitted but positions must be closed before the electronic market close. Micro futures are also available but with contract limits during evaluation.

OneUp Trader claims a 90% profit split for funded traders, with 100% of the first $10,000 in profits retained by the trader. Withdrawals in excess of the profit threshold are subject to the 90/10 split. The threshold varies by account size—for example, a $25,000 account has a $1,500 withdrawal threshold.

Funded traders are classified as independent contractors, meaning they are responsible for their own tax reporting. The website states that exchange data fees are covered by the funding partners, but traders may incur platform fees if they choose a non-free option. Withdrawals are processed after approval and fulfillment of contractual obligations.

OneUp Trader is aimed at traders who want to trade futures with firm capital without risking personal funds. The platform targets both inexperienced traders seeking a path to funded trading and experienced traders looking for additional capital. Geographic restrictions apply, and not all countries or states are eligible.

The minimum age requirement is 18 years old. The platform may appeal to traders who prefer a prop firm challenge model over traditional retail forex or futures brokerage. However, the lack of regulation and reliance on funding partners may be a drawback for those requiring strong investor protection.