Review of One up trader

[Gasparov]

I wonder, if trader is profitable can he withdraw all the money with Oneup trader once he has amount that is 100% his and before he has to pay 20% to Oneup trader?

I think you can. But they told me this:
The threshold is set as a reserve and as security to the funding partners and to secure the longevity of the account. The funding partners don't want to fund a trader and allocate resources if their sole purpose of the trader is to close their account, but funded traders are eligible to withdraw a portion of the reserves depending on the age of the their live trading account, for example, one of our funding partners's terms are as follows: Trader may receive 20% of net reserves for account lifespan of under 45 calendar days, 50% of net reserves for account lifespan of 46 to 90 calendar days, or 80% of net reserves for account lifespan of over 91 days.

That's for one funding partner, take what you will from it.

 

[shiko2000]

Are you still with them?

 

[Gasparov]

Are you still with them?

Yes, I'm working on an evaluation at the moment.

 

[shiko2000]

Yes, I'm working on an evaluation at the moment.

I am planning to start soon.

 

[ZTrader888]

I think you can. But they told me this:
The threshold is set as a reserve and as security to the funding partners and to secure the longevity of the account. The funding partners don't want to fund a trader and allocate resources if their sole purpose of the trader is to close their account, but funded traders are eligible to withdraw a portion of the reserves depending on the age of the their live trading account, for example, one of our funding partners's terms are as follows: Trader may receive 20% of net reserves for account lifespan of under 45 calendar days, 50% of net reserves for account lifespan of 46 to 90 calendar days, or 80% of net reserves for account lifespan of over 91 days.

That's for one funding partner, take what you will from it.

I don't see anything at their website about this "reserve". They advertise that the first $8000 in profit goes 100% to the trader. Then the trader begins the 80/20 split with them. Does the reserve mean that you can't withdraw your 80% split and must leave part of it in the account? I'm currently in the evaluation, doing well so far and hoping to get funded. I'm confused about this "reserve" - do you have a link with more detailed information? Thanks for the help.

 

[caacapital]

I don't see anything at their website about this "reserve". They advertise that the first $8000 in profit goes 100% to the trader. Then the trader begins the 80/20 split with them. Does the reserve mean that you can't withdraw your 80% split and must leave part of it in the account? I'm currently in the evaluation, doing well so far and hoping to get funded. I'm confused about this "reserve" - do you have a link with more detailed information? Thanks for the help.

its in a random place if you search for how are profits taxed in the search button. http://help.oneuptrader.com/knowledge_base/topics/profit-info?from_search=true

the withdraw threshold is your profit target essentially making it excatly like TST except worse wtih a live trailingstop and a higher withdrawal minimum of $1000 so if you do the 30k you have to make $4000 before seeing any money. Thats a huge ask for most traders and your loss limit is $1500(again a dynamic trailing stop so if you hold onto a trade that had unrealized of 1500 and it gets back to break even you just hit your stop or even a more realistic one you hold for 100 and goes back to BE you trailing stop just went up by $100) this keeps your wins relatively small and losses bigger because you dont want to hit the stop. TST and Oneup are both trash i would go with earn2trade for the best chance of passing. Note the best is to use your own cash all these services are using the instant gratification of trades which is a trait that causes failure I get wanting to use them to test yourself before going to cash but in the end your will most likely spend at least the drawdown your whatever combine you pick just over a few months

 

[ZTrader888]

its in a random place if you search for how are profits taxed in the search button. http://help.oneuptrader.com/knowledge_base/topics/profit-info?from_search=true

the withdraw threshold is your profit target essentially making it excatly like TST except worse wtih a live trailingstop and a higher withdrawal minimum of $1000 so if you do the 30k you have to make $4000 before seeing any money. Thats a huge ask for most traders and your loss limit is $1500(again a dynamic trailing stop so if you hold onto a trade that had unrealized of 1500 and it gets back to break even you just hit your stop or even a more realistic one you hold for 100 and goes back to BE you trailing stop just went up by $100) this keeps your wins relatively small and losses bigger because you dont want to hit the stop. TST and Oneup are both trash i would go with earn2trade for the best chance of passing. Note the best is to use your own cash all these services are using the instant gratification of trades which is a trait that causes failure I get wanting to use them to test yourself before going to cash but in the end your will most likely spend at least the drawdown your whatever combine you pick just over a few months

Thanks so much for the information. I do use my own cash to trade as well. But I figured why not increase earnings using a couple of these programs. I'm signing up with Earn2Trade today. By my calculation, a trader needs to sign up for a large account and use 1/3 the number of lots allowable. This gives you the advantage of staying far away from the "shut down" limits. ONeUp commissions are a killer for me - I'm a scalper and $5 RT is very expensive. TST is about $2.75. Earn2Trade's model seems more realistic to me - more in line with the real world. In any case, if I can make a few extra bucks using these programs, it's okay.

Thanks again for the input. Good trading.

 

[caacapital]

Thanks so much for the information. I do use my own cash to trade as well. But I figured why not increase earnings using a couple of these programs. I'm signing up with Earn2Trade today. By my calculation, a trader needs to sign up for a large account and use 1/3 the number of lots allowable. This gives you the advantage of staying far away from the "shut down" limits. ONeUp commissions are a killer for me - I'm a scalper and $5 RT is very expensive. TST is about $2.75. Earn2Trade's model seems more realistic to me - more in line with the real world. In any case, if I can make a few extra bucks using these programs, it's okay.

Thanks again for the input. Good trading.

i forgot the other benefit for Oneup over TST is the daily limit doesn't close your account.

 

[Gasparov]

Wow I didn't realize the threshold was that high, which is pretty annoying from the trader's point of view if they have any idea what they're doing. I was hoping to make ~1-1.5k and withdraw 1k to cover my costs of the program and then some, so I guess I'll have to plan differently.

 

[tradekill]

Oneuptrader and their proxy MES capital is a deadly fraud. Don't trade with them. If anyone is scammed or being cheated by them contact me. we will help you with the rest.
They have only one partner and that is their proxy MES capital. Their agreement is completely different from what they mention in their website. they will never pay you the money and whoever claims that they got paid is a proxy of them. I was also cheated huge sum of money and we are taking care of them. kindly contact who all has been cheated. by them.

Geet, I would like to find out more about this as I was considering them. How can I contact you. Thanks