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Customer Reviews (134)
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7 months ago
Deron VonRueden
Only Funds has recently shut down their website, leaving many of us feeling scammed. It’s crucial to steer clear of PTT at any cost.
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7 months ago
Cora Trantow
Opening a proprietary trading firm without the ability to repay profits is a big mistake. I’ve had conversations with eight different firms, and honestly, if you’re in that position, you don’t belong in the trading community.
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7 months ago
Mateo Bradtke
Complete Scam! Avoid at all costs! I adhered to all the guidelines, yet they denied my payments. When it came to the second payment, they chose to breach my account. I even provided video proof of my trades, but they never bothered to respond. It feels like they’re just scamming people without any intention of paying. Honestly, it seems like all high-frequency trading firms operate this way.
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8 months ago
Ettie Mueller
I came across Only Funds recently and spent some time reading through various reviews to better understand what they offer. One particular review caught my attention, mentioning their use of smart funded high-frequency trading on MLQ5. Intrigued, I made the decision to rent a smart funded HFT for myself, and I’m excited to say that I just completed the $100,000 challenge account today. The entire experience has been quite impressive, and I couldn’t be happier with the outcomes.
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8 months ago
Damaris Lind
I just got my second payout from OnlyFunds, and I have to say, the entire process was incredibly efficient—it only took three days! Even with the new regulations in place, tweaking my trading strategy has been quite easy. I’m excited to report that my smart funded high-frequency trading setup from MQL5 is running perfectly. Plus, their team is always there to offer support when needed. Overall, I’m very pleased with my experience.
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8 months ago
Etha Price
I recently stumbled upon OnlyFunds and took the time to dive into various reviews to get a sense of what others have experienced. Among those reviews, I found a reference to Smart Funded HFT on MLQ5, which caught my eye. Naturally, I felt compelled to try it out. I rented one and, to my delight, I successfully completed the $50k challenge account today! On top of that, I managed to acquire their exclusive EA from the same developer for my funded account. 😮💨
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8 months ago
Cyrus Metz
In reflecting on my own experiences and after reviewing others’ comments, I can’t help but question the authenticity of the positive reviews. From my perspective, this company engages in questionable practices. I’ve reached out multiple times to request a refund of my initial fees, citing their arbitrary rule changes without notice. The responses I receive from OF are nothing more than repetitive standard phrases, indicating they cannot specify when my fees might be returned due to “external variables.” My inquiries into what those variables are have gone completely unanswered. This back-and-forth has been ongoing since mid-June. My next step is to escalate the matter to regulatory authorities and then take to social media to caution others about the potential risks of opening an account with OF.
Update (August 15): It’s been two months, and still no refund, nor any explanation!
Update (September 6): After OF claimed several times that my refund was being organized, I received a response today stating, “We regret to inform you that we cannot proceed with your refund request after reviewing it. Our refund policy clearly states that accounts with trading activities are ineligible for refunds.”
In my opinion, they are engaging in shifty practices, as I’ve mentioned before.
Update (October 2): I got another response from OF with baseless excuses for withholding both my profits and initial fees. Honestly, while it’s not about life-changing amounts of money, I’ve just run out of energy to pursue this. Given the other negative feedback about this firm, it’s become clear to me that they are not worth my time.
I would advise caution regarding any positive reviews about OF. I have strong reasons to suspect they may not be genuine.
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8 months ago
Theresa Brown
I strongly advise against investing your money with these folks! Once, Only Funds was widely regarded as a top-tier prop firm, but the recent management changes have led to a significant decline in their services. I’ve faced consistent denial of payouts, despite adhering to all the specified rules. When I’ve requested proper evidence to support these decisions, they have been unable to provide anything substantial. It’s truly disappointing, considering the stellar reputation they once held. The drastic drop in their ratings speaks volumes about how far they’ve fallen from grace.
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8 months ago
Orval McClure
I’ve successfully navigated my way through my first proprietary trading firm, despite facing quite a few challenges along the way. Thankfully, the funding team approved my payout without any issues. Previously, I had to lease a smart funded high-frequency trading strategy through MLQ5 in my last trading setup. This really aided me in passing the challenge, and I even managed to secure their non-public Expert Advisor from the same developer for my funded account.
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8 months ago
Amanda Anderson
This firm raises serious red flags for anyone considering joining. I signed up in March 2024, initially engaging in high-frequency trading (HFT) and attempted to withdraw funds four times. The first three attempts were denied due to inconsistent lot sizes, a frustrating issue stemming from their ever-changing rules. For my fourth attempt, I ensured that all trades had a consistent lot size and were spaced one minute apart, ultimately achieving a modest 2% profit.
However, when I tried to withdraw this time, I was met with a barrage of vague excuses, including claims of account breaches, business impacts, and even security breaches. My trading environment had remained unchanged since I set up a VPS in March 2024, so why the sudden security concerns now that I was finally in the black? This pattern of behavior leads me to believe that the company is engaged in deceptive practices. It appears that once you become profitable, they will find any excuse to restrict your account.
I have documented evidence of all my trades and communications; feel free to reach out to me on Discord for proof of my claims and to see how dismissive their responses can be when you hit profitability. It’s important not to trust the positive reviews you might find; they’re likely sponsored or penned by individuals affiliated with the firm.
While the company began with a competent team, everything changed once PTT took over, leading to a significant decline in integrity. A quick Google search will reveal numerous complaints, and I would recommend filing for a chargeback if you’ve recently made a purchase. It’s imperative that banks consider blacklisting PTT, which I suspect operates under the guise of Eightcap.
As of August 16, 2024, I have yet to receive any payouts, and customer support has stopped responding since August 1. Be wary of the glowing reviews dated after April or May 2024; these may well be the result of paid promotions or affiliates looking to lure you onto a sinking ship.
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8 months ago
Jarrett Steuber
I recently discovered Only Funds and spent quite a bit of time going through various reviews to better understand their reputation and what users think of them. I noticed someone mentioning smart funded high-frequency trading on MQL5, which caught my attention. I decided to rent mine as well, and I’m pleased to share that today I successfully passed the $100,000 challenge account! 😊
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8 months ago
Jaycee Gaylord
I’ve been with OF since their inception, putting in $300,000—$100,000 in high-frequency trading and $200,000 in their standard offerings. At first, everything was impressive under the initial management. Payouts arrived in just 48 hours, and the team, including industry veteran Darren from POW, was a big presence on their website.
Unfortunately, things took a nosedive. The original team vanished, and the rules started shifting almost weekly. They eliminated Instagram and Discord as platforms, seemingly to stifle any negative feedback and hide their questionable practices. I’ve had my last two payouts withheld, and they’ve accused me of copy trading, yet they failed to provide any substantial proof. They merely shared random data from other accounts that happened to have similar entries. With thousands of traders focused on gold or NASDAQ and employing strategies like ICT Silver Bullet, overlapping entries are bound to happen.
While I did get my first payout using the Silver Bullet strategy, they’ve since stopped responding to my emails and act as if they have no information about their social media team.
This is a major red flag!
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8 months ago
Shemar Weimann
OnlyFunds denied my payout request and suspended my trading account without citing any specific rules. After numerous emails asking for clarification on which rules I allegedly violated, their responses remained vague, referring only to how my trading style could potentially affect their risk management. I then politely inquired about how to avoid account suspensions in the future, and they merely recycled their previous responses, providing a completely unrelated answer. When I followed up, they simply stopped replying.
In summary, I would recommend steering clear of this prop firm, as they appear to engage in questionable practices. It’s also worth noting that some of the positive reviews might be misleading or fabricated.
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8 months ago
Gia Welch
I selected Of because I appreciate the ability to get funded instantly and I’m a fan of using MT4. Among high-frequency trading firms that provide HFT on MT4, Of stands out as the top choice. Given that I have my Smart funded HFT rented on mql5, I plan to keep choosing Only Funds as long as they maintain this service. 👍
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8 months ago
Corrine Harris
My experience with this proprietary trading firm was quite frustrating. After two months of relentless follow-up, I finally managed to receive my first payout. However, unexpectedly, the next month I was denied a larger payout, even though I continued using the same strategy and settings. This decision felt suspicious, especially since the firm attributed it to copy trading.
OnlyScams, as I’ll refer to them, didn’t provide any substantial evidence to support their claim—just a basic spreadsheet of my trades. They outright refused to consider data from my VPS, including testing period results and evidence from my actual performance. It’s perplexing that one payout could be approved under the same conditions, only for another to be declined.
To make matters worse, I lost access to the MT4 terminal due to alleged technical issues—despite my repeated emails, they insisted everything was functioning properly. As a result, I ended up losing access to a $300,000 account simply due to inactivity.
I’d strongly advise anyone considering this firm to steer clear. Any response from OnlyScams claiming rule breaches won’t change the fact that the trading community is well aware of their practices.
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8 months ago
Fiona Haley
I just received my second payout from OnlyFunds! 🤑 The whole process was super quick—only took three days! Adapting my trading strategy to fit the new rules hasn’t been a hassle at all. Plus, their support team is very responsive and always ready to help. Overall, I’m pretty happy with my experience so far!
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9 months ago
Kieran Bednar
I recently received my second payout from OnlyFunds, and I have to say, it was both quick and hassle-free. Despite a few changes to the rules, the overall process remains quite straightforward. I’m really satisfied with the level of service and the transparency they provide.
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9 months ago
Jarrett Vandervort
This firm may not be what it seems. Many of the positive reviews appear fake, likely generated by bots. It’s concerning to note that they tend to deny payouts without explanation, which raises a red flag.
Be cautious if you choose to engage with them.
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9 months ago
Maryse Kunze
What an impressive trader’s network this is! I’m really grateful for all the reviews that guided me to rent a Smart Funded HFT from MQL5. It made a huge difference in my Only Funds challenge, leading me to my first payout without any issues related to IP. This journey has really emphasized the strength of community knowledge. Here’s to reaching new heights with the next payout, my friend! 💪
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9 months ago
Katrina Hamill
Once again, my payout has been declined, and my account has been suspended for what seems like another ridiculous excuse. I genuinely urge anyone considering this company to steer clear. It’s a total scam. Seriously, avoid this firm at all costs; it’s not worth the hassle.
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9 months ago
Ezequiel Weissnat
Payout Denied
It’s best to steer clear of this proprietary trading firm. Every review seems to be fabricated. My friend and I both had our payouts denied, and I truly regret encouraging him to join me.They mention in the FAQ that Martingale strategies are permitted, yet they denied my friend’s payout, claiming his lots were inconsistent. It feels like they are just looking for excuses to avoid making payments. He even developed his own trading bot, which they stated was allowed under their policies.
As for my situation, my payout was rejected because of a profit rule. After doing some digging, I discovered they intentionally shifted the date to ensure I breached the daily profit limit. I have screenshots of my MT4 trades compared to what they show on their platform.
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9 months ago
Lew Green
I’ve had a frustrating experience with this firm. They’re hesitant to release my funds, claiming my trading strategy poses a threat to their business model. I followed the rules without a hitch, so I can’t help but feel this is unfair. It really baffles me. All I want is my money back; they’re acting like total scammers. It’s just so unbelievable. Scammers, indeed.
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9 months ago
Caleigh Berge
This company seems to have gone downhill since being acquired by PTT. My second payout request has been inexplicably denied.
The notification read: “Unfortunately, your withdrawal request for account number 88920366 has been declined.” They advised me to check my email for further correspondence, hinting at some inconsistency that I need to address.
The reason for the denial wasn’t provided, which makes things even more frustrating.
Understanding this, I can’t help but feel this is a scam. It’s best to avoid wasting either your time or your money on this firm.
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9 months ago
Tony Muller
I’ve joined OnlyFunds just a few weeks ago, and I finally received my first payout. I have to say, the whole process was pretty simple and the support team was really quick to reply to my questions. I’m excited about the potential for more successful trades with OF in the future!
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9 months ago
Jessica Hane
Only Funds stands out as one of the top proprietary trading firms in the industry. You’ll realize this pretty quickly! 😍 I’ve struggled to pass challenge accounts at other firms, but here, I managed to pass the ML5 challenge. It truly feels like magic! 🤗
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9 months ago
Loma Schmeler
OnlyFunds has really gone above and beyond what I expected. I was pleasantly surprised when my first withdrawal was completed in just 48 hours. Additionally, the support team was prompt in addressing any problems I encountered. I’m looking forward to keeping my trading journey going and watching my account grow.
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9 months ago
Quincy Dooley
I began trading with the firm back in March, and it was fantastic. I managed to get six $100,000 accounts, and as I adhered to the guidelines, all my payouts were coming through without any issues. However, just a few months later, everything changed when PTT took over. Suddenly, payouts ceased altogether, and I found all my accounts terminated due to alleged IP breaches. It’s honestly a joke. I’m convinced that any five-star ratings for this company are completely fabricated; there’s no way anyone could genuinely rate a firm that fails to deliver on payments. The writing is on the wall for PTT—it’s time to say goodbye. You’re playing with the livelihoods of dedicated, hardworking individuals.
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9 months ago
Napoleon Flatley
They recently sent me a message that raised a lot of red flags. This company feels like a scam, and I wouldn’t be surprised if they’re gone soon.
After reviewing my trading approach, they’ve decided they can’t support my strategy any longer due to the risks involved. They claim my methods threaten the overall stability of their firm, which is concerning.
While they do acknowledge that different trading styles exist among their clients, they insist on maintaining a risk profile that ensures the long-term viability of their business. Unfortunately, it seems my strategy doesn’t fit within their acceptable risk boundaries.
Because of this, they’ve made the tough choice to shut down my trading account immediately. It’s important to note that this isn’t about my trading skills but strictly related to their financial assessments.
In my opinion, they are scammers—definitely stay away and report these criminals.
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9 months ago
Madeline Harber
This trading firm leaves much to be desired, boasting uncompetitive pricing and questionable payout practices. Among my acquaintances who have used their services, none have received payouts, often denied for what seem to be arbitrary reasons. In my case, I was left without a clear explanation, just a vague suggestion that I didn’t meet their standards—quite frustrating, to say the least. The Discord payout page claims, “Follow the rules, get paid. Simple as that.” But it’s hard to see how that holds true when I adhered to all the guidelines, respected the drawdown limits, and maintained a positive trading balance throughout the month. I strongly advise steering clear of this company; it’s simply not worth your time or money.
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9 months ago
Keven Crona
I have found OF to be quite reliable! I was pleasantly surprised to get my first payout in just 48 hours. The entire process was very smooth, and I appreciated the support from the team, who were always ready to assist.
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9 months ago
Layne Dickinson
It’s unfortunate that some companies continue to exploit people’s hard-earned cash. My previous review was taken down after they assured me a refund of $13,000, only to later request a 15% removal fee right away. Stay cautious, everyone, and I’m grateful for organizations like Echelonis and Elitus that consistently honor their financial commitments.
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9 months ago
Turner Steuber
If I could award zero stars, I certainly would! I initially opened two accounts with Onlyfunds, and things seemed fine at first; I even received a payout on one of my accounts, which led me to invest in another. However, management changed, and Onlyfunds ended up being completely taken over by PTT, the firm that manages their backend operations and many other proprietary trading firms, including Eightcap, which is located in the same building.
Since then, numerous traders, including myself, have encountered issues regarding IP rule violations. I submitted a payout request for under $2,000, only to be informed that I had supposedly breached their arbitrary rules. They claimed my IP was an issue, which is complete nonsense. I explained to their support team that I use a VPS, and they confirmed that it wouldn’t be a problem for my traders to copy from my master demo. Despite this clarification, they still found a reason to breach my account. It’s bewildering, especially since I had already received that initial payout.
Now, they’ve outright refused to release the funds I’ve rightfully earned and have suspended my account. In summary, this firm is run by PTT, which manages numerous other prop firms behind the scenes. I strongly advise against purchasing an account with Onlyfunds or any trading firm associated with PTT!
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9 months ago
Maegan Schamberger
Be cautious! I’m experiencing ongoing issues with payout rejections, even with undeniable proof that they are at fault. They provided me with a so-called “copied trades” PDF, but it seems they didn’t even bother to review it, as the trades listed were nowhere near the actual prices. It’s concerning that they continue onboarding new customers while clearly having no intention of fulfilling payouts. My advice? Steer clear.
Maryjane Kshlerin
I had a terrible experience with Onlyfunds back in May, losing about $300,000 in funding. They falsely accused me of copy trading, even though I had proof of my legitimate trades. It’s puzzling to see people still buying challenges from them without thoroughly researching the company. Their Instagram and Discord profiles are both deactivated, and their Trustpilot rating is alarmingly low. Honestly, anyone who continues to engage with them seems to be making a foolish decision. Thankfully, Revolut successfully won my dispute against Onlyfunds and managed to recover all of my funds, which was a pleasant surprise.