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Frequently Asked Questions
1. What is OnePropy?
OnePropy is a prop trading platform that provides traders with funding opportunities and resources to improve their trading skills.
2. Who can use OnePropy?
OnePropy is designed for traders who want to access capital and trade on a funded account without risking their own money.
3. How does prop trading with OnePropy work?
Traders undergo an evaluation phase and, upon meeting the requirements, receive a funded account to trade with OnePropy’s capital.
4. Can I use OnePropy from anywhere?
Yes, OnePropy is available globally, though some restrictions may apply based on local regulations.
5. What platforms are compatible with OnePropy?
OnePropy integrates with popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
6. Does OnePropy offer customer support?
Yes, we provide customer support via email and customer panel.
7. Which countries are prohibited for trading with OnePropy?
OnePropy cannot do business with traders from Cuba, North Korea, Syria, Iran, or Myanmar due to international sanctions. Traders from these countries should not place orders, as purchases or funds may not be refundable or transferable. This policy is regularly reviewed.
1. How do I sign up for OnePropy?
You can register on onepropy.com and select your preferred account size to begin the evaluation process.
2. What is the evaluation process like?
Traders must meet specific profit and risk management targets within a given period to qualify for a funded account.
3. Is there a time limit for the evaluation?
Yes, traders have a set number of days (e.g., 30 or 60 days depend on which phase you are in) to complete the evaluation and meet the requirements.
Remember, if you purchase unlimited trading days, there is no time limit for you.
4. Can I restart the evaluation if I fail?
Yes, traders can restart the evaluation by paying the entry fee again.
5. How do I know if I passed the evaluation?
You will receive an email confirmation from OnePropy once you meet all the evaluation criteria.
1. When can I withdraw from my account?
- Withdrawals are available once your closed balance is $50 above your starting account size. Withdrawals reduce available drawdown.
- You can request withdrawals once you reach a $50 profit. Further withdrawals can be made at least every 21 days.
3. How do I submit a withdrawal request?
Click the "Withdrawal" button on your challenge page, complete the invoice sent to you, and send it back for processing.
4. What payment methods are available for withdrawals?
Withdrawals are processed via cryptocurrency and bank transfers. Cryptocurrency services like Coinbase or Binance are commonly used.
5. What are the withdrawal rules at OnePropy?
- Traders may withdraw a maximum of $10,000 per two withdrawal cycles, regardless of the number of accounts held.
- Profits beyond $10,000 will be capped, and account balances will reset after two cycles.
- Withdrawal cycles are linked to the first account's withdrawal date.
1. Do you permit Copy Trading?
Copy trading is not allowed at OnePropy. You cannot open the same positions across multiple accounts simultaneously. If accounts are flagged for copy trading, profits may be nullified according to our terms and conditions. Always trade each account independently.
2. What are the trading spreads, commissions, and fees at OnePropy?
OnePropy offers competitive and minimal trading costs. Spreads, commissions, and swaps (fees for holding positions overnight) are not marked up beyond the default fees. You can find specific details for each market on the platform.
3. What trading platforms are available with OnePropy?
OnePropy currently supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
4. What trading styles or behaviours are prohibited with OnePropy?
The following trading behaviours are strictly prohibited and may result in disqualification or termination:
- Excessive Scalping: Frequent trades with extremely short durations aimed solely at exploiting small price movements.
- Martingale Strategy: Opening four or more simultaneous positions in drawdown on the same currency pair.
- All-In Trades: Entering a single trade without a stop-loss or risking more than your drawdown limit to force a pass or fail in the challenge.
- High-Frequency Transactions: Trades lasting less than one minute are not allowed.
- Over-Leveraging: Using excessive leverage without proper risk management.
- One-Sided Betting: Consistently trading in a single direction without thorough market analysis.
- Account Rolling: Repeatedly restarting challenges while employing high-risk strategies.
- Hedging Across Accounts: Hedging positions across multiple accounts, even if owned by the same trader.
5. How does OnePropy handle account scaling?
Successful traders may qualify for account scaling, where the initial funded amount increases based on performance.
6. Can I change my trading platform after purchase or trading?
Yes, you can switch between MT4 and MT5 platforms, but you’ll charge for $25 and need to notify support for account adjustments.
7. Can I use an Expert Advisor (EA) on OnePropy?
Yes, you can use an Expert Advisor (EA) on OnePropy, but it must be reviewed and approved by us first. Please send us the EA for verification and confirmation before using it on your account.
8. What are the capital allocation limits at OnePropy?
Each trader is limited to a maximum of $200,000 per strategy. Exceeding this limit across multiple accounts may result in suspension. Third-party trading (trading on behalf of others) is not allowed.
9. What is the minimum number of trading days required at OnePropy?
To complete the challenge, traders must actively trade for a minimum of 4 trading days.
10. What are the risk control rules at OnePropy?
The risk per chart per day must not exceed 2% of the account balance. Consistently exceeding this limit may result in disqualification.
11. What are the position sizing rules at OnePropy?
Traders must maintain consistent position sizes relative to their usual trading patterns. Opening significantly larger or smaller positions compared to previous trades is prohibited.
Using an unusually high or low number of positions that deviates from regular trading behaviour is not allowed.
12. What are the news trading restrictions at OnePropy?
Trades must not be opened or closed within 3 minutes before or after major news events (marked by a red folder). Violations will result in disqualification, and any profits from restricted news events will not be credited.
13. What are the rules regarding multiple profiles and inactivity at OnePropy?
- Multiple Profiles: Opening multiple profile accounts is strictly prohibited.
- Inactivity: Traders must open at least one trade every 30 days to avoid account termination due to inactivity.
- Account Freezing: Traders may request to freeze their account for a period between 7 days and 6 months to prevent termination due to inactivity.
14. How is profit distributed in the funded stage at OnePropy?
- If total profit exceeds $5,000, no single trade or trading day may contribute more than 50% of the total profit.
- Any excess profit beyond this limit will be adjusted accordingly.
- Example: For $8,000 in total profit, the maximum profit from a single trade or day is $4,000.
15. What discretionary rights does OnePropy have?
OnePropy reserves the right to determine, at its sole discretion, whether any trade, strategy, or practice is considered prohibited. Violations may result in account suspension or termination.
1. How do I verify my account with OnePropy?
To verify your account, submit a government-issued ID and a proof of address document. The verification process ensures security and compliance. Once your documents are approved, you can start trading. You’ll receive confirmation by email when your account is fully verified.
2. How do I secure my OnePropy account?
Enable two-factor authentication (2FA) for enhanced security.
3. What happens if I lose access to my account?
Contact our support team to verify your identity and recover access.
4. How do I update my payment details?
Payment details can be updated from the account settings dashboard.
5. Is my personal data safe with OnePropy?
Yes, OnePropy uses encryption and secure protocols to protect your personal and financial information.
6. How do I close my OnePropy account?
If you wish to close your account, contact support to initiate the process and settle any remaining balances.