OnlyFunds Review

OnlyFunds is a proprietary firm owned by Connor, Darren, and Joel. They’re seeking skilled traders to join their community. You’ll need to pass the evaluation to get the company’s resources and trade with a funded account. 

Trading Platforms at OnlyFunds

You can use the MT4 platform to trade on OnlyFunds. MetaTrader 4 (MT4) is a popular online trading platform. It’s easy to use and offers advanced trading tools. 

Instruments Available with OnlyFunds

Since OnlyFunds partnered with Eightcap, they’re able to offer a wider range of instruments to trade:

• Forex
• Commodities
• Indices

How to Make Payments at OnlyFunds

You can use all major credit cards and crypto at OnlyFunds.

Account Sizes Available at OnlyFunds

OnlyFunds offers five account sizes ranging from $25k to $300k.

Profit Splits in OnlyFunds

The profit share at OnlyFunds is 90:10. This is a generous profit share where you get to keep 90% of the profit, while OnlyFunds keeps the remaining 10%.

Contact OnlyFunds

If you need to get in touch with OnlyFunds support team, you can do it via live chat, Discord, social media accounts, and email: [email protected].

Profit Targets for OnlyFunds:

The profit target depends on the account type and phase. The first phase profit target for all account types is 8%, except the $25k HFT which is 10%. The second phase requires a 5% profit target.

Maximum Daily Drawdown and Loss at OnlyFunds

The maximum daily loss for standard accounts is 5%, and for HFT accounts 4%. The maximum overall loss for standard accounts is 10% and for HFT accounts 8%.

Minimum/Maximum Trading Days Required at OnlyFunds

The minimum trading days for standard accounts at OnlyFunds is 3 days for both phases and for HFT accounts it is 10. There are no maximum trading days for standard accounts, while on HFT accounts it is 30 days for phase 1 and 60 days for phase 2.

OnlyFunds: Rules and Challenges

The HFT accounts have strict consistency rules to prevent manipulation. 

• Month 1: 60% profit split, 5% profit cap, trades within range, remove outliers, max 50% per trade, min 10 days.
• Month 2: 70% split, same rules as Month 1.
• Month 3: 80% split, same rules as Month 1.
• Month 4: 80% split, min 5 days.

The standard account doesn’t have consistency rules.

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 trading days	3days (Phase1&2)	10days (Funded)	3days (Phase 1&2)	10days (Funded)	3days (Phase 1&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

Steps Available in OnlyFunds Challenge

At OnlyFunds, challenges consist of two steps.

Pricing for OnlyFunds Challenge

Account Size	$25,000 Standard	$25,000 HFT	$50,000 Standard	$50,000 HFT	$100,000 Standard	$100,000 HFT	$200,000Standard	$200,000 HFT	$300,000Standard	$300,000HFT
Price	$149	$250	$299	$350	$499	$499	$999	$1000	$1499	$1499

OnlyFunds: Refund Policies

OnlyFunds will refund the challenge fee only after you finish the evaluation and when you get your first profits and payout on Standard accounts ( HTF accounts don’t have the refundable fee). If you violate any rule before the first payout, you won’t get a refund.

Free Trial Offers at OnlyFunds

OnlyFunds doesn’t provide free trials. 

Payout Schedules of OnlyFunds

You can request payouts every 30 days at OnlyFunds

Evaluating OnlyFunds: Advantages and Disadvantages

According to Trustiplot, the company has 4.7 score/k with only 27 reviews. But they are almost all positive.

OnlyFunds FAQ Section