OneFunded Review: Can Crypto Traders Use this Prop Firm to Trade Digital Assets with Institutional Capital?

Zion Market Research estimates that the global cryptocurrency trading platforms market was worth around $60.40 billion in 2024, and that it will blow past half a trillion dollars to $693.86 billion by 2034. As that happens, Zion noted, interest in speculating on the prices of digital assets will also blow up. In other words, the firm sees immense expansion potential for the crypto contract for difference (CFD) space.

More activity in the crypto CFD space means that a lot of retail traders will want to join the party and make something out of their skills. But as it has always been the case with retail traders looking to manage larger capital accounts, most of the crypto traders won’t be in the position to participate at that level. And the only way out will be to seek the services of crypto prop firms.

Thankfully, plenty of prop firms in the market today offer crypto trading. In fact, one estimate shows that there are 40 crypto prop firms globally. These offer cryptocurrency trading as a primary asset class. And then many others, including OneFunded, offer crypto as part of a wide variety of tradable assets.

Our focus today is on OneFunded. We know that many OneFunded reviews are available on the web but few, if any, look at it from the perspective of a crypto trader. To that end, this review intends to show you what crypto trading is like at the firm. This includes an overview of what crypto instruments it offers, the evaluation structure, trading conditions, rules, and payouts.

What Is Prop Trading?

Prop trading, short for proprietary trading, is a model where a business gives money to a retail trader who then uses the money to take positions in financial markets. The trader and the firm agree that if that position in the market turns up a profit, they will split it according a predetermined formula.

This arrangement has two key characteristics. First, the trader controls as much capital as they can demonstrate, and they pay for that access. And anytime the trader losses money, the firm absorbs it. Second, the firm only hands over capital to traders who demonstrate that they can manage the funds. The firms vet traders through evaluations, or what other may call challenges. This evaluation phase makes the first stage of the prop trading model.

• The challenge: The trader pays an entry fee to access a trading account. To pass the challenge, one must hit a given profit target without stepping out of specific limits, which include daily loss limits and a maximum drawdown threshold. This is the firm’s way of confirming you know what you’re doing.
• The funded account: One gets the logins to the funded account only after passing the challenge. The same restrictions and conditions under which you operated during evaluation continue to apply here. And the difference, which is a massive one, is that now you get a share of any profits you generate.
• The profit split: This is the last and most important stage of the prop trading model. Any successful trades, those that earn money, enable you to earn an income. Each prop firm has its approach but in general traders take home a bigger share.

One thing to understand however is that crypto trading at prop firms does not involve owning actual digital assets. Instead, it happens through contracts for difference, or CFDs. A CFD is an arrangement where the trader speculates on the price movement of an asset, say Bitcoin, without ever owning the actual asset. For example, if you believe Bitcoin will rise from $60,000 to $63,000, you open a long position. If that move materializes, the $3,000 difference is your profit, and you absorb the loss if it falls. The good thing is that all positions are settled in cash, and no actual assets change hands at any point.

In a way, this model is ideal for crypto trading because this asset class quite volatile. And as such, the amount of money you can dedicate to a single trade matters a lot. For example, a trader with just $500 in a personal account can only capture a fraction of what a well-timed Bitcoin move could offer. On the contrary, a prop firm provides massive liquidity, which means that $3,000 move in Bitcoin’s price is capable of turning up a massive return out of which one gets the majority share.

OneFunded at a Glance

Crypto Trading at OneFunded

OneFunded is a multi-asset prop firm, which means that crypto is one of several asset classes available on the platform alongside forex, indices, metals, and stocks.

Available Crypto Instruments

The firm states on the website that it supports at least 15 popular cryptocurrencies for trading, including Bitcoin and Ethereum. Like all other prop firms, OneFunded offers crypto trading exclusively as CFDs.

Trading Conditions

OneFunded caps leverage on crypto trades at 1:2. If you are coming from the spot crypto market where leverage is often much higher, this figure may feel quite insufficient. Crypto is the most volatile asset class OneFunded offers and a 1:2 cap means that for every $1 of account capital, a trader can control $2 in position size. Given that a digital asset like Bitcoin can move several percentage points in a matter of hours, that cap keeps traders from breaching drawdown limits on a single move that would otherwise wipe out an account before the strategy has a chance to play out.

When it comes to trading hours, crypto is the best tradable instrument in OneFunded’s stable. The firm allows crypto trades to run continuously and uninterrupted. This is possible because crypto markets themselves run 24/7. That means the firm doesn’t restrict overnight and over weekends trading.

That said, holding positions overnight or over weekends does attract swap fees, also referred to as rollover or overnight financing charges. These are standard costs for CFD instruments and apply at OneFunded just as they would at any other CFD-based platform. For traders who hold positions across several days, these fees accumulate and need to be factored into the overall profitability of a trade.

Evaluation Models

On OneFunded, it doesn’t really matter what you’re signing up to trade because all tracks lead to a funded account that supports crypto and other instruments. You can work towards a funded account either through Value, Core, Flex, or Flash pathway. What track you choose depends on how much money you can spend on entry fee.

The Value track is the most affordable because the smallest account size, $5,000, is available at just $29. Even the highest account size, $100,000, isn’t that much costly; you will only pay $349 to start evaluation.

Once you’re in, you will be evaluated in two phases. The first phase has a higher profit target of 9%, which reduces to 6% in phase 2. The risk parameters are the same throughout steps one and two.

OneFunded describes the Core path as its most popular plan. It is also a two-phase program and the smallest account size, $5,000, costs $35 and the highest is $200,000, which you can access with a $799 fee. The conditions for success are less steep here but the risk parameters are tighter.

Flex is an interesting track because it doesn’t include the consistency rule. This is worth paying attention to as a crypto trader because of highly volatile and 24/7 nature of the crypto market. Why is that? Crypto prices make massive and often sudden percentage moves. With a consistency rule in place, traders can hit their profit targets in a single day and that attracts penalties. In fewer words, this track would suit crypto traders the most.

OneFunded sells Flash as the fastest route to a funded account because you are evaluated in one phase only. But the trade-off is that you face tighter risk rules.

The table below summarizes the key features across all four plans:

Trading Rules

Like all businesses in this space, OneFunded has rules that its traders must follow. Most of them apply all across the platform, regardless of the instrument you trade.

The firm allows you to:

• Trade the news, provided you opened the position before the restricted window
• Hold positions overnight and over the weekend
• Copy trade across accounts that belong to you
• Use expert advisors it has approved
• Place pending and limit orders

During high-impact news events, OneFunded restricts you from:

• Opening new trades within five minutes before or after a scheduled release
• Closing, modifying, or partially closing any open position during that window

And it prohibits the following:

• Hedging across accounts
• Arbitrage and tick scalping strategies
• Gap trading strategies
• Using delayed data feeds or trading on delayed charts
• Exploiting platform errors such as price display inaccuracies

Of all the rules above, the news restriction is the one crypto traders will need to monitor most closely. This is because crypto prices are very sensitive to macroeconomic events, which can be anything from Federal Reserve decisions and inflation data to regulatory announcements. One must know when those restricted windows open and close, which is part of managing a challenge account responsibly.

Payouts and Profit Split

Once you earn the funded account and start turning a profit, OneFunded will let you keep 80% of it all the time. But if you feel that is not enough, the firm allows you to bump the share up to 90% with an addon. What this means is that by default, OneFunded will give you $800 for every $1,000 profit you make. And you can make the payout $900 if you purchase the 90% addon.

You can start withdrawing funds from your account on day 15 after the first trade on the funded account, and only if the balance is at least $100. After that, the default cycle runs every 14 days. Again, if you feel it takes too long until you can make another withdrawal request, you can shorten the cycle to seven days with a weekly addon.

And when you do make a withdrawal request, OneFunded promises to process it in under 24 hours after submission. If the amount you want to take out is less than $1,000, the firm will only pay via USDT on the TRC20 network. USDT is one of the most popular cryptocurrencies in the crypto space and is backed by the US dollar. For amounts larger than $1,000, the payment options are bank transfer or Rise.

Pros and Cons

Verdict

The question this review set out to answer is whether OneFunded is a good fit for crypto traders. And the short answer is yes.

We have learned that the firm isn’t a dedicated crypto prop firm but supports crypto-based assets well enough to fully engage crypto traders. And like all other prop firms in the market, OneFunded supports crypto trading under the CFD framework.

So, if you already have a working strategy and understand how CFDs trading works, OneFunded gives you a credible path to trading larger capital without the risk of bankrupting yourself.

But if your strategy depends on high leverage, the 1:2 cap will be a nuisance that can become problematic with time. And if you are still in the process of building and testing a strategy, prop trading, not just OneFunded, is not the right environment for that. This is because the evaluation is not a practice ground.

Also, ensure that before signing up, visit onefunded.com to confirm the current terms, fees, and available instruments, as these can change.

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