OnlyFunds Review

OnlyFunds Review

✅ Accounts: $25K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%, 8%, 5%

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Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

As a new prop firm, OnlyFunds lacks information regarding the company background. What is known is that the owners are Joel, Connor, and Darre. If you want to become a funded trader at OnlyFunds, you’ll need to pass an evaluation process first to prove you’re skilled enough.

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Platforms for Trading at OnlyFunds

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

What Instruments Does OnlyFunds Offer?

After OnlyFunds partnered with Eightcap, they started to offer a wider range of trading instruments:

  • Forex
  • Indices
  • Commodities
Tradable InstrumentLeverage
Forex1:30 & 1:50 depending on the account type
Commodities1:30 & 1:50 depending on the account type
Indices1:30 & 1:50 depending on the account type





Forex Pairs


Options for Payment at OnlyFunds

OnlyFunds accepts all major cards and crypto as payment options.

Different Account Sizes at OnlyFunds

OnlyFunds offers five account sizes: 

  • $25k
  • $50k
  • $100k 
  • $200k
  • $300k

Only Funds Approach to Profit Sharing

OnlyFunds profit split is 90:10, which means they only keep 10% of your profit.

Profit Goals at Only Funds

The profit target in the first phase for all account types is set to 8%, except for the $25k HFT which is 10%. The profit target in the second phase is set to 5%.

OnlyFunds: Loss and Drawdown Limits

For standard accounts at OnlyFunds, the maximum daily loss is 5%, whereas for HFT accounts, it’s 4%. The maximum overall loss allowed is 10% of the account balance for standard accounts and 8% for HFT accounts.

OnlyFunds Minimum/Maximum Trading Day Requirements

Standard accounts need at least 3 trading days per phase, while HFT accounts require 10 trading days. Standard accounts have no maximum trading duration, but HFT accounts are limited to 30 days for the first phase and 60 days for the second phase.

Cost of Joining OnlyFunds Challenge

Account Size$25,000 Standard$25,000 HFT$50,000 Standard$50,000 HFT$100,000 Standard$100,000 HFT$200,000

Understanding Fees and Commissions at OnlyFunds

There is no information regarding fees and commissions at OnlyFunds.

Are Fees at OnlyFunds Refundable?

At OnlyFunds, you only get a refund on Standard accounts and after you finish the evaluation process with the first payout. Make sure you don’t violate any rules before the first payout, because if you do, you won’t get refunded.

Trial Periods Available at OnlyFunds

There are no trial periods at OnlyFunds.

Frequency of Payouts

Payouts are available every 30 days.

Pros vs. Cons based on Trustpilot reviews

There are no negative reviews on TrustPilot. The overall score is 4.7/5 stars.

OnlyFunds Review brokersonline

  • Fast Payouts
  • Great Customer Service
  • New firm with lack of detailed information

OnlyFunds FAQ

What Is The Maximum Capital?

The maximum capital at OnlyFunds is $600k.

Payout Time

Every 30-days after you get funded and profitable. 

Is News Trading Allowed?

You can trade news at OnlyFunds, on both verification and challenge stages.

What is the Standard Evaluation Start Time?

The evaluation begins once you place your first trade.

Starting Fees: $149 to $1499
Challenge Types: 2-step
Payout: Monthly
Licensing & Safety
Bonuses & Promotions
Customer Support
4.0 Overall Rating

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OnlyFunds Review