OnlyFunds Review

OnlyFunds prop company guarantees unmatched trading prospects aligned with industry standards, and a synergetic community. 

Coupon Codes for OnlyFunds

No coupon codes at this time. 

OnlyFunds Company Details

OnlyFunds lacks information regarding the company background. What is known is that the owners are Joel, Connor, and Darre and you can see short descriptions on the website’s about us page. As a funded trader, they promise you can retain 80% of the profits generated on an OnlyFunds account, subject to compliance with their Terms of Use and Customer Agreement.

OnlyFunds’s Trading Platform Choices

OnlyFunds offers MT4 as a trading platform. MT4 is a beginner friendly platform with advanced trading tools.

The Instruments You Can Trade with OnlyFunds

Forex, Commodities and Indices.  

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 

How to Pay at OnlyFunds

To get the OnlyFunds account you can pay by any regular bank credit card or with crypto. 

OnlyFunds’s Array of Account Sizes

OnlyFunds has 5 different accounts: $25k, $50k, $100k, $200k, and $300k.

The Profit Sharing System at OnlyFunds

HFT Accounts have the following share structure:

• 1st month: 60% profit split 5% profit cap 
• 2nd month: 70% profit split 5% profit cap 
• 3rs month: 80% profit split 5% profit cap 
• 4th month & onwards: 80% profit split, with no profit cap.

For OnlyFunds Standard Accounts you will be eligible for an 80% profit split.

If you meet the conditions of the OnlyFunds scaling plan, they increase the balance of your Funded Account by 25%, and your payout ratio will also increase to 90%.

Profit Targets at OnlyFunds

Once you get a funded account at OnlyFunds, there are no profit targets. In the 1st stage for all account types, the profit target is set at 8%. The exception is the $25k HFT account with a 10% profit target. In the 2nd stage, the profit target is set at 5%.

Loss Rules and Daily Drawdown

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

Maximum/Minimum Trading Days at OnlyFunds

The minimum trading days for standard accounts is 3, for 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 is 30 for the first phase, and 60 for the second phase.

OnlyFunds Challenge Fee Breakdown

OnlyFunds’s Fee and Commission Details

There is no information on fees and commission. 

OnlyFunds and Their Refund Policy

Fees at OnlyFunds are refundable after you finish the evaluation process on Standard accounts, but not on HFT.  You’ll get a refund with your first payout on a Standard account. 

Does OnlyFunds Offer Free Trials?

No. There are no free trials at OnlyFunds.

Trader Payout Schedule at OnlyFunds

First Payout

Traders are eligible to receive their first payout 30 days after their first trade has been executed.

Future Payouts

After the first payout, traders are eligible to receive future payouts on a bi-weekly basis (every 14 days).

Trustpilot Assessment of OnlyFunds: Pros & Cons

There are only 27 reviews on Trustpilot so far. The total Trustpilot score is 4.7 stars with all positive reviews.

OnlyFunds Website FAQ