Review of One up trader

[tradethereaction]

Well, go find out for yourself, I don't really have time to sit here typing reviews all day, I am a busy person. I like dealing with straight shooting no bullshit honest people, and that was my experience at smb, and is my current experience at traderdock. OUP and TST was and is like 10 pounds of bullshit in a one pound bag. Does that make sense?

Your previous post explained some, but still don't know all the details about what you didn't like. When you say I don't like dealing with the "bs" that is vague and has little meaning to anyone other than either there are specific issues you aren't willing to list or you have a personal vendetta against them for whatever reason. You decided to post your issues with these companies but you don't want to give out what the specific issues are. How do you expect to communicate effectively to others? Just sayin. I like earn2trade. Ryan, the owner is always around to answer questions even if I don't agree with something at least I know they are transparent. OneUp has their rules like TST. Only thing that bothers me is the daily/weekly loss limit. That makes zero sense to have that fixed once you build account up. As far as them keeping money you earned, that doesn't seem so bad because they want to make sure that you are profitable before giving you money. Earn2trade doesn't do this, so that's one of many reasons I'm happy going with them. I have recently tried OneUp. The key to being successful is consistency. I have had issues in the past with this, and recently I have been able to find a mentor who has helped me clean up somethings in my trading. I expect to be funded with Earn2trade soon and may give OneUp one more try. Either way man I wish you the best with Traderdock. I'll be looking on their website to see what makes them unique. Right now they seem to be identical to TST and OneUP.

 

[tradekill]

Your previous post explained some, but still don't know all the details about what you didn't like. When you say I don't like dealing with the "bs" that is vague and has little meaning to anyone other than either there are specific issues you aren't willing to listen or you have a personal vendetta against them for whatever reason. You decided to post your issues with these companies but you don't want to give out what the specific issues are. How do you expect to communicate effectively to others? Just sayin. I like earn2trade. Ryan, the owner is always around to answer questions even if I don't agree with something at least I know they are transparent. OneUp has their rules like TST. Only thing that bothers me is the daily/weekly loss limit. That makes zero sense to have that fixed once you build account up. As far as them keeping money you earned, that doesn't seem so bad because they want to make sure that you are profitable before giving you money. Earn2trade doesn't do this, so that's one of many reasons I'm happy going with them. I have recently tried OneUp. The key to being successful is consistency. I have had issues in the past with this, and recently I have been able to find a mentor who has helped me clean up somethings in my trading. I expect to be funded with Earn2trade soon and may give OneUp one more try. Either way man I wish you the best with Traderdock. I'll be looking on their website to see what makes them unique. Right now they seem to be identical to TST and OneUP.

Ya, the challenge that I passed is no longer the challenge they are offering. David told me on Friday that the on the website now is going to change as well, so we will see what they do. At the moment I don't know what they offering, I have my live account and just focused on making money this week. Good luck with your trading as well, thanks.

 

[Times]

this was when they first started it was 50% off. If you contact them they will give you a discount i think its 20% for new customers.

TST offers 40% Discount often.

Was the 50% discount only when they first started? or is there a chance they will offer it again and where was that announced so I can follow

 

[tradekill]

Is it 50,is it 40, is it 20, is it real? This is a perfect example of smoke and mirrors tst. Call one our used car salesman today. It's always been vague, secretive, and with very much the feeling you are dealing with used car salespeople rather than a trading firm. I just prefer to deal with straight people there are options these days, gone are the days of tst being the only game in town. It was really bad back then, the lies, it was brutal. I imagine they are cleaning up their act now that there are a bunch of other remote trading firms in the market, but ya, I would just avoid the sales calls I were you.

 

[patrickrooney]

So ya, just to follow up and summarize my experience trying out and getting funded with Traderdock. Very professional and friendly management, great organization with physical trading floor, and now offering remote trading opportunities. There were some delays in getting my live account setup as I am their first remote trader. There were a few bumps getting compliance in order due to the country I am currently living in, and slight bump in the road getting Trading Technologies platform setup for remote trading. They worked really hard this week to get me up and running and on Friday I put in my first trade. Everything is set now so the next person to get through the challenge will likely be up and running in their live account pretty quickly.

They are talking making some changes to the challenge itself to make more like SMB's or TST's, but nothing is set in stone yet. But their will be some changes coming in the week(s) ahead as they want to make their offering better than the others. It is great to see this competition in the industry. Gone are the days of having no other choice than the sleaze bags at tst and oup. This week is make or break for me. I am hoping to kill it and report on how that goes as well. They don't have any bs rules about taking your money out as they do at oup and tst. As it is with the traders on their physical floor the only rule is a minimum withdrawl of $500.

So in summary, so far I am giving them top marks and am very impressed with the changes they are looking at to making to make their offering better. Currently I am using ninjatrader platform with free data for charting and their TT platform for execution. TT is the best order entry software on the street, very nice platform. If they could add ninjatrader to their offering that would be great as I have lifetime license and TT costs 50$ per month for live trading, although it is free to use in the challenge. It's will be a tax write off, and I am looking to make six or seven figures this year so it's all good. TT is a fantastic application and in different league really than the retail trading software out there like ninja, sierra, etc. Charts on TT are not the best visually imo so I use ninja for charting, but TT is a full featured platform with market profile, advanced algo design, etc. Anyways, Traderdock is definitely a good option, they are legit, good people. I have my live account with them and so far so good. They are serious about making their offering better than the competition, so we'll see what changes they make in the coming weeks.

Thanks for the feedback on Tradedock and TT. I'm glad to hear your experience as a new user has gone well. Regarding charts, I prefer our dark theme on charts over the default modern theme. That's really subjective though and many of our users prefer the modern theme hence it is our default.

 

[tradekill]

Alright, thanks for Patrick. I will have a closer look, I really haven't explored the platform much past the MD dom, which is great. One thing that would make it way better though would be the ability to right click stop orders on the dom. That make a dom/ladder so much better, left click limit order and right click stop orders. Any chance of that happening?

 

[patrickrooney]

We use right click on MD Trader for other things like 2nd default quantity. That's a nice feature because you may link that to your net position so left click enters your default quantity while right click enters your 2nd default which many trader link to their net position.

Have you considered a hotkey for stops? https://library.tradingtechnologies.com/trade/win-reference.html#hotkeys

Or perhaps mapping an order entry button on MD Trader to the stop you wish to use? https://library.tradingtechnologies.com/trade/mdt-configuring-mdtrader.html

 

[tradethereaction]

We use right click on MD Trader for other things like 2nd default quantity. That's a nice feature because you may link that to your net position so left click enters your default quantity while right click enters your 2nd default which many trader link to their net position.

Have you considered a hotkey for stops? https://library.tradingtechnologies.com/trade/win-reference.html#hotkeys

Or perhaps mapping an order entry button on MD Trader to the stop you wish to use? https://library.tradingtechnologies.com/trade/mdt-configuring-mdtrader.html

What data providers do you support?

 

[tradekill]

We use right click on MD Trader for other things like 2nd default quantity. That's a nice feature because you may link that to your net position so left click enters your default quantity while right click enters your 2nd default which many trader link to their net position.

Have you considered a hotkey for stops? https://library.tradingtechnologies.com/trade/win-reference.html#hotkeys

Or perhaps mapping an order entry button on MD Trader to the stop you wish to use? https://library.tradingtechnologies.com/trade/mdt-configuring-mdtrader.html

Hi Patrick,

Is there way to change the center line to acolor other than white?

Thanks

 

[tradethereaction]

Ok, they gave me an answer, although I had to ask a few times to get it clarified. They are very good at trying to be as opaque and deceptive as possible in their communications. As it turns out they are indeed making misleading claims on their website. The trader is only entitled to 20% of the reserve profits (the withdraw threshold) if the account is less than 45 days old and 50% if over 45 days. So in fact the trader is not getting 100% of the first 5/8k. If the account is closed by oneup due to a rule violation, then all of the profits are treated in this way, not just the reserve profits. The 100% of the first 5000 or 8000 only applies to profits above the reserve profits where the trader has requests to be paid out, but as someone indicated, they treat this as a loss on the account, which I suppose makes it easier for them to liquidate the account on their side and take 80 to 50% of everything the trader has made. These guys are pro-scammers, and I thought TST was bad. Well, I won't be going with these guys, that's for sure. I have just passed the challenge at TraderDock, a similar test to what Oneup offers, and I don't believe they have a similar system in place, though I will find out once I get the paperwork to open my account. Right now I'm just jumping through some know know your client hoops in the account opening process. They require notarized paperwork, so a bit of an extra expense there and time to live account after successful completion of a challenge. So far the experience is quite good. The people are quite friendly and seem very professional, and the TT platform is superb. I'm currently asking speedup trader the same questions as I would like to do another test and have multiple accounts going so as to maximize my chances of getting paid out asap. If anyone is interested in my findings just let me know and I will post it here. If anyone is reading this and looking for a firm to go with, I would definitely recommend SMB Futures. They are by far the most legit and offer the best opportunity. I just can't afford their fee at the moment else I would be going with them. If there are any other firms offering traders a chance to get funded please post them here. It is such a challenge to put in the time it takes to operate in the market and maintain a survival job at the same time. It's so disheartening that there are such unscrupulous greedy people out there masquerading as good opportunities. But at least there are some good options out there like SMB. I am hoping that there is none of this bs that oneup serves at Traderdock or Speedup, but I will let the community know once I know more.

Heard anything recently about Speedup? Thinking of giving them a try.