OnlyFunds Reviews 148

since change of management and PTT taking over fully no communication with customers, all communication channel is closed, they showed some payout certs on 30/05 but after silence. dont buy any accounts from them PTT and 8cap prop firms are all scams, stay away

PTT have taken over OnlyFunds. They are complete scam artist , they claim duplicate ip addresses when it’s actually impossible, and refuse to prove it . Chargeback is the only way you have a chance to recover anything from this company. They haven’t paid anyone in weeks and any recent positive reviews are clearly fake , the profile pictures and names give it away . They closed the chat in discord and deleted all the old comments but I have lots of screenshots to prove they are lying about several things . PTT are the tech company behind lots of the new hft props so always check before buying an account and if these guys are behind it run a mile . I’ve seen them do this to so many traders over the last year , they were originally behind Aqre and several others that started using made up rules to breache traders after initially looking like a solid prop

I DELIBERATELY PLACED LOSING TRADES AND STILL GOT DONE FOR COPY TRADING. ALL 1 STAR REVIEWS TELL THE SAME STORY.

this is a scam. you will think your different and might get paid. no one gets paid. its a scam. none of the pay outs are real. they create their own algorithm reports out of nowhere and when your breached they will not give you any proper evidence supporting anything they say. Im a school teacher, some trades i placed on my phone while teaching swimming, or while on break duty, or driving home in my car. I used basic mean reversion/ martingale style with progressively larger lots without any precision. i often revenge trade in a reckless fashion. Once i lost 3k in the morning and made 4k in the afternoon, i also deliberately took 3k loss over a week so that my profit wasnt that big that they would reject it. YET THEY DID ME FOR COPY TRADING, I REPEAT, I PLACED TRADES DELIBERATELY TO LOSE AND THEY DID ME FOR COPY TRADING!! LET THAT SINK IN ...... THEY SAID 70% OF MY TRADES WERE LINKED TO OVER 20 OTHER ACCOUNTS. NO EAS, NO COPY TRADERS, NO INDICATORS, JUST PURE GAMBLING WITH MARKET ORDERS AND THEY TOLD ME I WAS COPY TRADING AND GAVE ME A LONG LIST OF HOW THEY HAD ''DETECTED'' IT HAHA. DO NOT FALL FOR THEIR SCAM. THEIR BUSINESS PLAN IS TO APPEAR THAT THEY ARE A REAL COMPANY. FAKE REVIEWS. WELL WRITTEN RESPONSES TO TRUSTPILOT REVIEWS CLAIMING ''WE ASKED YOU FOR MORE INFORMATION''. ITS ALL A SHOW FOR YOUR BENEFIT TO GET YOU HOOKED. DO NOT FALL FOR IT.

dont be foolled by this prop firm, my payout is rejected because silly reason (ip duplicated) and account gone.
all account in this prop will be gone and that silly prop will shutdown.

Scammers and Fraudsters

Denied payout of $2435 “Copy trading & Similar trades”

Showed them digital proof of manually trading and even explaining my method in numerous videos

PTT are a scam

After months of management contradicting themselves and their rules, Removing the discord comment section to avoid communication and criticism aswell as refusing payouts for unacceptable reasons such as “IP address” and “Copy Trading” it’s clear it’s a scam stay away from OnlyFunds. Many spent thousands on challenges expecting transparency and accountability but they have provided none. Connor Gibb and Darren Hill resigned quietly without much explanation and PTT we all know are full on scammers, Im devastated and disgusted with those involved.

Payout denied over 'similar trades to other traders'

And I am not the only one, New go to excuse from PTT

My First and ONLY ever review I have written. AVOID THESE SCAMMERS AT ALL COST!!!! You will loose your money. Rather join a reputable firm like FTMO. PTT (Prop Trader Tech) has ruined this Prop Firm since their inception. Avoid any Prop Firm associated with PTT or EightCap. I have been declined my payout of $3500 for Copying Trades, I expected some of my profit to be removed because of the Lot Size Consistancy rule where some of my trades were above or below the average, but to have my payout denied becasue of copying is just a complete joke. Although I trade manually and don't use any signal or copy service. SCAMMERS. DON'T LOOSE YOUR HARD EARNED MONEY

Payout denied over 'similar trades to other traders'
Requested a payout of $396 on a 25k account to have it denied in hours. Apparently have 'similar' but not exactly the same trades as other traders. According to support they are over 50,000 traders on a database and a handful of trades have similar entry points, I asked for further explanation, entry and exit times but nothing was provided. Avoid this quick cash grab prop firm as they will not pay you. All the emails from them are standard paragraphs, copied and pasted.
ALL THE 5 STAR REVIEWS ARE FAKE
Please report the 5 star reviews are they are paid and not from real customers

Original owners were actually trying to do something good within the industry, but it very quickly went wrong when Prop Trader Tech (PTT) the company behind the setup started to control things. Payouts are now being refused for spurious reasons and support just trying to fob off traders. Do not get involved. Use reputable prop firms and steer clear of this farce.

Note to Trustpilot - this review is based on my own experiences, between February and June 2024. I do hold evidence to confirm everything I've said - if there is a request to delete the review, please contact me and I'll be happy to provide this.

During the first month or so, Only-Funds (OF) was brilliant - sensible rules with payouts processed fairly and very quickly.

This was followed by a period of rule changes and general decline - rules were changed in mid-April, early-May and again in early-June.

Payout issues began in early-May and the public Discord channel was deleted around 20th May at the time of a change of management of OF.

I received 2 successful payouts with OF in April.

I then submitted my 3rd payout request on 8th May:

- This was eventually processed on 20th May and declined for 'copy trading'.

- I requested copies of the data to review and its a complete scam. They said that 7% of my trades were similar to 2,000 other accounts - apparently 'copy trading' means you don't have to actually copy, just have similar trade entries.

- I've emailed back and forwards with them, but they don't even engage with the emails, just 'better luck next time'. After 3 or 4 emails, they just started copying my own text back to me!

I think it is also worth noting that OF are certainly not the only prop firm with these issues - there are a large number 'managed' by Prop Trade Tech (PTT), which seem to have the same issues (Quantec, Infinity, Tradicave, Next Step Funded etc). The outline structure is along the lines of the following:

- PTT are a tech provider who work exclusively for Eightcap.

- PTT deal with all the technology, financing, payments, risk assessment, payouts etc.

- The 'prop firm' (OF), just deals with Discord and marketing / Instagram.

- PTT then keeps 50%-70% of 'net revenue' (basically, challenge fees less payouts - subject to a minimum c$5k payout to PTT).

So, regardless of who you are emailing, e.g. 'support@[propfirm]', you're actually speaking to PTT - sometimes they even sign off the wrong prop firm name at the end of emails.

It is also wise not to trust the Discord channels - I have often seen messages criticizing PTT or discussed payout denials, but the messages are almost immediately deleted by moderators.

I have absolutely no confidence of further payouts from OF - the rules changes frequently, and they won't publish full details of the rules (for example, 'copy trading' doesn't mean copying, it actually means a certain similarity of entries etc). Similarly, rules are applied retrospectively - consistency and news rules applied to trades taken before the rules changed, making it impossible to get a payout for the period.

The PTT model means that payouts are, effectively, limited to new challenge fees coming in. I intend to issue a chargeback via my bank for the challenge fees.

I'd strongly recommend anyone stays away from a PTT Prop Firm (the technology provider is usually stated on the prop firm website, but they all have the same website style in any case).

Good luck!

TOTAL SCAMM DON’T BUY IT
They steal your money in any way, i don't advise anyone to deal with them
PLEASE DON'T TRUST THEM

Rules changed several times after I was funded, making it difficult to trade. New rules brought in were even backdated removing the profit I made fairly inside the rules and refusing payout.

The founders of the prop firm have disappeared into thin air, this is now a faceless prop firm designed to big a quick cash grab and run.

I would strongly advise avoiding at all costs.

TOTALLL SCAMM DON’T BUY IT
They changed the rules multiple times and were saying that they are legit and pay not like other firms scam you with duplicate IP rules but here we are i requested payout only traded with my phone manually no EAS and still they declined my payout saying that i made IP breach which is tottally false , SCAM SCAM account number 88922284

The owners have changed and they closed the discord to chat, since then, they have changed the rules, they put back the anchoring exams that had been removed... anyway. A TOTAL MISPURPOSE.

After being funded and reaching 5%, they told me that I had used 2 IPs, that is, I shared my account with someone else. When I showed them my master account from mine, which I copied with the investor password, they still told me things that made no sense. And they don't want to pay.

GET RUN FROM THIS COMPANY

OnlyFunds- Similar to a great number of others. I ought to have followed my instincts. I sent them an email, but I haven't heard back yet( According to their website 5 business days). Additionally, they disabled their Discord and went dark. As for my trading, I used SL and TP as a good measure (not necessary) and traded the same lot sizes in every trade, but I never gotten a payout because they NEVER RESPONDED. I have no idea what I did incorrectly and I'm at a loss! I now deeply regret encouraging my pals to sign up for OnlyFunds. After 30 days, my profit was hardly a small percentage. This firm is just another Infinity Forex funds. I'll order everyone to cease accompanying them. This is a prop firm fraud. Don't be duped by their low costs. You've been alerted. IIf you click on the the majority of these "1 REVIEWS" from users are pay fraudulent. STAY AWAY

Hi last Friday my third payout FAQ policy thrid payout 80-20. But they sended 70-30 split only and after third month onwards they said 14day payout but my dhasborad still showing 30days and I am putted mail since Friday I don't get answer from them they said consider department not responding please wait I am waiting Friday Saturday and Sunday and Monday also today Tuesday I don't know when I will get my remaining payout and still I am worried about they will removed my consistency rule or not why because my dhasborad showing 26days and they also not updating me anything I am waiting for they mail since let's see how is goes

Las razones principales para NO utilizar esta empresa son las siguientes:

1. **Cambios frecuentes e injustos en los términos y condiciones**: desde la compra, la empresa de utilería comercial ha cambiado sus reglas y condiciones dos veces, alterando significativamente el acuerdo original al que yo había dado mi consentimiento. Estos cambios han dificultado, si no imposible, el uso eficaz de la cuenta..

2. **Manipulación y prácticas poco éticas**: la empresa ha estado manipulando el sistema de manera perjudicial para sus clientes, incluidas, entre otras, condiciones comerciales injustas y prácticas que no son transparentes ni éticas. Estas acciones han afectado gravemente mi capacidad para comerciar y lograr los resultados esperados..

3. **Falta de control y servicio deficiente**: la empresa parece carecer de control sobre sus propios servicios, lo que ha resultado en numerosos problemas operativos y una experiencia degradada para el cliente. Esta falta de control y los problemas asociados no fueron revelados en el momento de la compra y han comprometido el valor y la utilidad del servicio..

4. Control abusivo del chat, borrando mensajes cuando no les gusta una pregunta

5. Bots en sus chats de discordia.

6. Ni siquiera pueden revisar sus propios correos electrónicos o publicaciones. Los correos electrónicos dirán FONDOS INFINITY FOREX en lugar de Solo fondos

7. Puedo dar evidencia de que es mi cuenta y solo mi cuenta opera. La única razón por la que pagamos por OnlyFunds fue para usar POW, que requeriría de MT5 a MT4 y requeriría un operador de copia. El propietario en ese momento, Connor, incluso dijo varias veces en anuncios que las personas NO serían violadas por sus direcciones IP..

8. Traje 2 cuentas de 200k. Me violaron la dirección IP... el otro no lo cambié desde el MISMO dispositivo. Es literalmente una apuesta si pagaran.

9. Cualquier cosa que supere los $ 1000 después de que se derramen las ganancias probablemente será rechazada. Es impredecible

All the 1-star review won't help anyone... i get it as i was bummed too that rules were changed but all it takes is a slight adjustment and your off again. Looks like the old owners have stepped back but thanks to them anyway for creating this prop!

Just had my first payout!! only $700 but received after 2 days :)

I submitted my payout 16 days ago (10k profit) and it's still pending.
My affiliate client had 4.5k removed from her payout for trading around news, trading that was done before that rules was introduced.
Another affiliate client has 1600 removed for MaxDailyProfit because apparently they don't include trading commission in their definition, which is completely non-intuitive and not mentioned in FAQ or SOA. The owner at the time confirmed that it was a mistake and said it would be paid out within 24h, but then he resigned and the new management seems to have very little sense of fairness. Note that this daily profit (not including commission) is compared to the total profit that indeed does include commission. If you make 300 "profits" in one day but the commission is 500, would you call that a profitable day? Of course not, it's a losing day, so it makes no sense not to include commission, and it's not documented in the rules.
I will update this review if my payout request is honoured and they do pay without shady deductions for undocumented rules. And even more so if they could sort out the incorrect deductions for my affiliate clients.

A lot of traders including myself bought into this company based on the reputation of the previous owners in the trading space. All of a sudden the owners stepped down and have now put PTT in control of the prop firm who are scamming everyone and have been known for scamming over the years. DO NOT BUY ANY CHALLENGES when it comes to requesting a payout like I did you will be rejected with an excuse of either duplicate IP or copy trading or even your trades are similar to other traders which is a excuse to say we aren’t paying you out. Company started off with so much promise and now is a total and utter Scam