OnlyFunds Reviews 148

Did not get payed out for nonsense reason, 256USD was supposed to be my payout bur got denied due to something with ip's, even though i never logged into my MT4 with any other device than my phone… Scammers

As many others i have my payout declined and account closed. After 3 successfull payouts suddenly my request is declined because. my strategy is not in line with their risk assessment;

Dear Trader,

We hope this email finds you well. We value your partnership with us, and it is with regret that we bring an important matter to your attention regarding your trading account #####.

Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm.

While we appreciate the diversity of trading strategies among our clients, we must uphold a risk profile that aligns with the long-term sustainability of our business. Unfortunately, your trading strategy falls outside the risk parameters that we can accommodate.

As a result, we have made the difficult decision to close your trading account with us, effective immediately. This decision is not a reflection of your trading abilities but is solely based on the risk assessment and financial considerations of our firm.

In line with our commitment to client satisfaction, we acknowledge the note based on what is described in the Independent Contractor Agreement – Funded Trader, clause 21)b).

Here are the key details related to the account closure:
- Closure Date: 25/06/2024.

We understand that this news may come as an unexpected development, and we apologise for any inconvenience it may cause. If you have further concerns or inquiries, please do not hesitate to contact our Customer Support team.

We appreciate your understanding in this matter and we wish you continued success in your future trading endeavours.

5-Star service under the old owners.

They left because they were under pressure to make bad decisions from the white-label company PropTradeTech (PTT) that supplied the backend and capital for payments. Decisions such as denying payouts for made-up reasons, making new rule changes that vastly differed from the originally sold service and applying these rules to trades already made. These changes were specifically made to ensure the company wouldn't have to make payments to traders.

An absolute scam, avoid this firm along with all the other PTT-run firms:
Quantec trading
Super Funded
MSolutions
Infinity Forex Funds
Mena Funding
2PipsFX
The City Traders
Invlyft
Global Forex Funds
Waka Funding
1of1
Mifunder
Tradicave
Funds For Traders
Sure Leverage
Only Funds
Pro Trade Funded
Lionheart Funding Program
Mega Funded
Next Step Funded
Pip Traders Funding
Prop Capital
Indigo Trader Funding
Prop Start
The Funded Peak
Ultra Capital
Rocket 21
Profitex

When in the time of my second withdrawal . Their evaluation teams are saying bull*hit reason that there are other traders are also taking same position as mine. They are pure scammers and they don't have liquidity providers to cover the profit and they are scamming people . Dear Traders please don't fall for this scam. You will waste your time .

Don't be fooled by all these positive reviews. Do not invest any of your money into this firm at all. You will not get paid. They are under new management and have no communication with you at all.
All the positive reviews are from the US, when for a long period of time, they didn't even offer to the US due to MetaTrader issues, yet they've had many many payouts and been with them from the start?
Don't spend a single penny with this firm.
Denied payout for 'risky trading strategy' - not sure how 2% profit over 13 trading days and max drawdown on one occasion of 0.7% is risky...
You definitely will not get a payout within 2 days.

This company give themselves fake reviews as you can see with their AI generated profile. I’m in their discord server, since end of May, there’s no payout cert updated in their server. They breached and terminate people accounts for ridiculous reasons just to avoid payout. I hope they get investigated for their dishonesty

Do NOT fall for the fake 5 star reviews that PTT write themselves.

This company has gone into my account and manually changed my crypto address, so that my payment lands elsewhere.

This company is a complete scam - please do not fall for the BS.

They're writing all the 5 star reviews themselves... scary scam, please don't invest on this company.

Scam scam scam, avoid from far away. All my friends payouts are being denied for silly stupid made up reasons. So my payout way denied, avoid them don’t buy anything you won’t be payed. The reason my PO was denied is a total lie.

Dear Trader,

We trust this message finds you well. During our recent payout review and the associated withdrawal process, we noticed some irregularities that need to be addressed.

Our investigations have revealed that your account 88992519 contains trading activity highly similar to other traders/strategies, which is a breach of our trading rules as outlined in the Schedule of Assessment and stipulated in the agreement you have signed. The patterns indicate that your trading strategy has been replicated across numerous accounts under different registrations.

The tickets that were detected: 99543785, 99883855, 99606774, 99608422, 99354612, 99608349, 99598438, 99604331, 99610261, 99174093, 99475974, 99436646, 99306446, 99476005, 99230845, 99230800, 99090604, 99642642, 99174015, 99144270, 99092241, 99581489, 99519065, 99292754, 99164468, 99085547, 99115168, 99616580, 99175419, 99500780, 99173712, 99194859, 99638590, 99175301, 99604519, 99581228, 99696150, 99617896, 99638304, 99292709, 99144221, 99077880, 99173387, 99614985, 99077939, 99614275, 99613360, 99639872, 99518552, 99636631, 99154329, 99115340, 99518751, 99490401, 99642352, 99292647, 99634494, 99500841, 99540693, 99586905, 99633994, 99521519, 99436433, 99266904, 99463587, 99695736

Instead of immediately terminating your account, we're taking a different approach to address this issue.

We will temporarily suspend your Autotrade access until a new request is submitted. Additionally, we will reset your account balance to its initial amount and decline your withdrawal request. However, you will have the opportunity to continue trading and submit another withdrawal request in the future, while adhering to the rules applicable for the first withdrawal request.

Please take this message as your initial formal warning. Our aim is to work together with you to rectify the situation and ensure adherence to the rules. However, if we continue to identify similar trades resembling those of other traders/strategies, we will have no choice but to permanently suspend your account.

If you have any questions or concerns, please do not hesitate to contact us. Our team will be available to assist you.

Thank you for your cooperation.

Best regards,

Only Funds Risk Team

Guys. Look at the bloody fake reviews they are doing with the cheesy profile photos. It’s actually embarrassing how obvious it is and how desperate they are to scam people. Try this company as your own risk. I promise you will regret it and you’ll be here writing the exact same as 90% of the people (not including the fake reviews).

I passed eval myself + traded on my account myself however, when i was due for payment for 7.4k usd they terminated my account saying i have my account details to a third party to trade for me which i never ever did. They are scamm. Stay away from them. I have raised it with them let see what they respond and i shall update my review accordingly!

It turned to a scam!

Was very profitable had 6 trades max DD on that account was below 300$ on a 200K account with 3-4 positions of 0.3 lot all positions within their rules, no news and so on

They refuse to pay me out because of their Risk management after i asked them to explain how I can break their risk management if my trades risked 0.3% per trade IN TOTAL ACTOSS MULTIPLE POSITIONS!

What the f IS THEIR RISK MANAGEMENT if you cant open 3x trades with 2min in between of 0.1% risk from your balance?! Hillarious it turned to a scam after the original Team vanished

Darren, Joel, Connor!

Verry close to take legal action this is pure fraud (the replied with emails where is writtem qupte on quote "this decisionis not reflection of your trading abilities but solely based on the risk assessement and FINANCIAL considerations of our firm.)

So they basically cant even pay 60% of my 3k withdrawal (my account had a max DD of less than 300$)

SCAM!

Somebody who wants to resolve this?

Onlyfunds is a fake company operating under PropTradeTech, which also operates under Eightcap. Through some light research, you can actually find that both of these firms are stationed at the same address, so there is no dilemma about who is running whom.

I was one of the people who bought accounts while Onlyfunds was still under original management. Since PropTradeTech took over, every single one of my accounts has had payout declines and terminations based on false accusations of account management. They concluded this through their system, which they can't show due to security reasons.

People, this is a scam. They will steal your information and your money. Do not, and I repeat, do not read other reviews—you can clearly see that they are fake. PropTradeTech is used to leaving fake reviews. Do not buy challenges and do not give them your money; you won't get anything in return.

NO COMPREN EN ESTA EMPRESA
La verdad muy decepcionado. Me denegaron un retiro por una regla que hace un mes atrás cuando comencé con mi cuenta esa regla no existía.
Te modifican los términos y condiciones como les da la gana para hacerte perder.
Te dejan la cuenta en 0 y te hacen esperar un mes para el proximo retiro.
NUNCA MÁS PESIMO SERVICIO!

I am a trader myself. I was about to buy a only funds challenge. But a friend of mine had been refused payouts from both of his accounts. Due to trades being similar to someone else. Similar is not the same as someone else. If someone is trading a similar or the same strategy. There maybe a few trades that are similar to someone else. He provided proof that they were all traded on his account but he just kept getting a standard emails, which was something I believe they send out to everyone. I am now in a group with traders who have had similar experiences with only funds. I'm glad I found this information out before I took out one of the challenges. A do believe a lot of the 5 star reviews on here are fake. Mainly due to being in only funds discord for a while and most of the comments were bad after the rule changes. Then they stopped everyone from writing in the general chat. I would stay clear of this firm and other HFT firms. They are just out to scam you. To implement new rules so early is not a good sign. It's not what pople signed up for when they took out the challenge. I believe they are just struggling to pay people out and using the new rules to implement this.

Personally I will not be buying a challenge with this firm.

Najhoršia platforma.klamari dtale menia podmienky.

If you buy from them they will pluck a reason out of thin air to not pay you out.

Shady company! Still got funds there but don't even bother to trade on them. Put your money at the bigger ones. FTMO / Alpha Capital / FundingPips not in this mess.

I have a 50k account, after a month I ask to withdraw. They replied that the withdrawal was under supervision and they would have responded to me within 48 hours. 48 hours pass and what do they say? This is the email they sent me:
Dear Trader,

We are writing to inform you that your account has been found in violation of our terms and conditions, specifically regarding the unauthorized sharing of your account.

It has come to our attention that you allowed or enabled another person or third party to view, access, or use your account or the Trading Platform without our express permission.

This includes allowing a third party to access or use your account for any reason, such as placing trades or attempting to pass an evaluation challenge.

To maintain the security and integrity of our system, we are left with no choice but to terminate your account 88993644 immediately.

Thank you for your cooperation.

Best regards,

Only Funds Risk Team

Basically they tell me that they don't pay me because my account has been used by third parties and this is another email they sent:
Unfortunately, your withdrawal request for account has not been approved. Please check your email for a follow-up message, as it may contain important information regarding a possible inconsistency that requires your attention.

Reason for decline: Duplicate IPs

Duplicate IP, but what does it mean? I want to see these IP duplicates and I want them to clarify where they come from, because I use a VPS and I always only use that one. I have another account on FTMO and for this I also use the vps only. They have to prove to me how they can say that I used different IPs. Except that they change the rules every week, so you never know what you can do or not do, or you spend every day seeing their rules always changing. anyway, I want them to respond to this review and tell me which IPs I used, let me see, why they use this ploy to not pay, it's useless for them to show the payments they make on discord, in my opinion they are all fake and they do it for attract people.STAY AWAY BECAUSE THEY STEAL YOUR MONEY, I DON'T KNOW WHY THESE SCAMMERS HAVEN'T BEEN ARRESTED YET. I WANT THEM TO RESPOND TO THIS MESSAGE AND SHOW WHICH IPs I HAVE USED SINCE I HAVE A VPS THAT WORKS VERY WELL AND THAT I USE EVERY DAY. STAY AWAY, LOOK FOR OTHER PROP SERIES WHICH THERE ARE, THESE ARE UNSCRUPOLE SCOUNDLES AND I HOPE THAT THE MONEY THEY STEAL THEY ONLY USE AGAINST THE TUMMY ACHE THAT THEY WILL GET. I ALSO HOPE THAT MANY PEOPLE READ THIS REVIEW AND UNDERSTAND WHICH SCM is ONLYFUND.

Shameful company who are actually owned by Eightcap. Why they feel the need to steal from people when they have a successful brokerage is beyond me. If you buy from them they will pluck a reason out of thin air to not pay you out. Don't bother wasting your time. You'll only be disappointed and have to put a chargeback in.