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List of FIO traders who have passed the ONEUP Trader Evaluation or funded
Do you think 1000+ funded and all fail before 1st year ends ?
Do you think they are active users of FIO ?
Do you think they share openly they success / failure ?
I think half them don't know what FIO is
There are different qualification to get your hands on other people money.
TST and ONEUP are the easiest. GS, Hedge Funds, Bridewater Associates are the hardest.
Can you help answer these questions from other members on NexusFi?
Yes, different opinions may be posted here. That's the beauty of it.
Please note what you say:
I am very likely older than you and as a futures trader I am already an old bag. I was born in 1956.
I have completed my professional training as "professional stock exchange trader EUREX".
I am able to trade with low risk and stable returns.
It seems like an individual choice to me: an individual decision about whether the cost is worth it, about whether it has enough benefit (or any), and about whether someone wants to put any of their resources and effort into this particular channel.... just as everything else is.
Some will like it, some won't. No surprise there. Also, no big deal.
Congrats man - RTraderPro order book is on their servers so the order and stops and targets (whether in a trade yet or just waiting) are going to be there even if you lose power and connectivity. It is like having your own virtual machine next to the exchange. Do they force you to use MV?
I have been funded with OneUP. (And lost it eventually). However the notion that its easier to get funded with OneUp as opposed to TopStep is a bit deceptive.
The reason I say its deceptive is TopStep has a two step process for Funding whereby you have to get to your profit target twice. However with OneUp, although they only have "one step", after you are funded you cant get access to any of your earnings until you have made more than the amount from your Eval. So it basically works out to the same thing. You basically have to make your target twice as well. So its a bit deceptive in my opinion. And what was irritating to me was that they were not upfront with that detail. It's only after I got the contract from the funding partner that I was made aware of that little detail. Overall my experience with OneUp wasn't that bad. But the reviews I have read are quite damning. So I have moved with TopStepFx. I find that TopStep is a lot more transparent and better customer service and support and far better reputation.
I have traded with TST and OneUp. I don't quite understand what you mean. With TST you have two combines (min 5 days + 10 days) where you have to make 3K twice (50K combine) after which you can BEGIN to trade with their money. With OneUp you have one combine of 15 days after which you can trade with real money but once you have made your second 3K you can begin to withdraw it. How is that the same?
Though I have had posts reflecting negatively towards OneUp, I accept their faults and trade with them. They calculate your drawdown from the maximum profit of your trade and not the close of your position. So with OneUp, to adjust for this I do not have trailing stops. I hit my target and get out. Additionally, they have a calculation they use to show if you consistently are profitable. So its not just getting to your 3K target...you have to be consistent. Therefore, I set a goal for the day and when I make it I stop trading. These are the two things I don't like about Oneup and how I have adjusted my trading to account for them.
However, the monthly cost for a 50K combine, the daily loss limit allowed, the number of contracts I can trade with on a 50K combine, the max drawdown, the first amount of winnings I keep, the fact that the first time you hit your daily loss limit they don't make you reset, and the BIGGEST thing is the DATA fees once you are funded. Last I checked TST charges 105 dollars a month for EACH exchange whereas One Up is free. That is BIG!
On a side note concerning combines, I not only trade with OneUp to hopefully get funded, but I also use these combines to limit my losses. I figure that if I cannot trade profitably in a combine, I have no business trading my hard earned money. At the point that I have passed a combine and I have made money consistently, I will begin to trade my own cash. I have saved SOOO much money this way.
I passed my $50k OneUp evaluation about 6 weeks ago. I just finished my fifth full week of live trading with MES Capital. I took my first $1000 withdrawal on Monday of this week (and had the money in about 5 hours). My $50k account had $55k right before the withdrawal. I have an MES trading journal here on FIO.
I successfully completed my $50k account 15 day trading evaluation with OneUp Trader , got funded with MES Capital, and just finished my second profitable week of live trading.
Here is the graph from my OneUp evaluation account:
Here are my evaluation …
As you will be able to read, this is my fourth funded account in about 2 years. I did a LOT of resets on the evaluation. I spent way too much money because of my impatience and the ability to use the full number of contracts in the evaluation instead of the realistic scaling number in the live account.
Now look at the 2018 charts. That was a very crazy trading year. But still, I should have been more prudent.
I give a weekly report at that link, so you can keep up with my progress.
Overall, I have been happy with OneUp/MES. (And I am running the MES live trader chat room too.)
I have had several people tell me I wasted all my money with TST (I did that too) and OneUp. But had I just put all the money I spent on the monthly fees and resets into my own live AMP account I am convinced I would NOT be better off. Why? Because already tried it MANY TIMES and failed. Unfortunately for me, it is too easy to NOT follow my rules with my own funds. But the external limits placed on me with MES (The $1,250 daily loss and $2,500 max loss if under $52,500 balance) has been the thing that has helped me finally turn the corner. It has been a good thing. It has forced me to let certain trades pass by, and adopt many other practices conducive to profit.
"100% sure" is pretty confident. I hope you are wrong. But if I do lose my money through no fault of my own, I will be the first one to advertise it here.
My own experience so far invalidates all 5 points made in the video:
1) Consistency. That was only for the evaluation, and it was very easy to reach. Just means that the biggest trade couldn't be more than 80% of the SUM of the next largest 3 trades.
2) Minimum $1000 withdrawal. This is a great idea as it forces you to build the balance, which is your goal anyway.
3) Yes, the "real time" intraday draw down issue was not as nice as TST, but I have passed through it now and have reached the $5,000 profit mark now. My floor is now $50,000 and it doesn't keep rising. Any trader who doesn't take huge intraday risks is able to do this easily.
4) Commissions are $.14 higher than TST, yes, but no big deal. That's 3.6% higher.
5) Customer service has been amazingly responsive for the past 5 weeks. And I got my first wire in 5 hours.
My MES journal is 100% accurate and honest for all to see. I am not promoting MES/OneUp, just reporting on my experience with them. I am not affiliated with the company in any way, except I volunteered to run the funded trader chat room for free.
Does OneUp/MES and TST and all the others like them have a business model that is overly seductive and a bad deal for most? Maybe. But it seems to be working for me at this time. But that is the topic of another discussion...
In Europe all the Brokers have to publish how many clients are losing money in the last 12 Month !
The result is :80 percent lose money (as an average of 1000 CFD-Brokers) !
and with this rules you will lose or they will block your account or the company suddenly vanished.
The people of this company are hiding behind a Delaware Company and want to earn money by subscription.
I assume that the account never gets funded and that you will trade on a demo account.