OnlyFunds Reviews 148

I got scammed by Onlyfunds in May and lost 300k in funding. They accused me of copy trading even though I was able to prove my trades. I don’t understand why people are still buying challenges from them without doing proper research on OF beforehand. Their Instagram and Discord are deactivated, and they have a very poor Trustpilot rating here. Anyone who buys from them now is stupid. Revolut won the dispute against OF and was able to get all my money back, which I never expected…

Only Funds have now closed their website as they literally scammed loads of us... Make sure you avoid PTT at al lcosts.

Never ever open a prop if you can't pay back profit, I had talk with eight cap, you don't deserve traders community

Total Scam! Stay Away! Denied payments followed all the rules. Then on second payment they decided to breach the account. After sending proof of trades via video, they never even replied back. They scammed people and never paid. All the HFT firms are the same.

I recently discovered Only Funds and took the time to go through numerous reviews to gather insights about their services. One review highlighted the use of smart funded HFT on MLQ5, which piqued my interest. I decided to rent a smart funded HFT for myself, and I'm thrilled to share that I successfully completed the $100k challenge account today. The process has been impressive, and I'm really pleased with the results.

Received my second payout from OnlyFunds! The whole process took only 3 days. Despite the new rules, adjusting my trading strategy has been straightforward, and I'm thrilled that my smart funded HFT from MQL5 works flawlessly. Their supportive team is consistently helpful. I'm very satisfied.

I recently discovered OnlyFunds and decided to do some research by reading numerous reviews to understand people's experience. I came across a mention of Smart Funded HFT on MLQ5, which intrigued me. I decided to give it a try. rented one, and today I successfully completed the $50k challenge account! And I was able to get their non public EA from the same developer for my funded account😮‍💨.

Following my experience and reading other reviews I genuinely wonder if any positive posts are fake. This company operate, I believe, on sharp practice. I have repeatedly asked them for a refund of my initial fees stating they randomly change their rules without any notice. OF just reply with the same standard wording stating they cannot say when those fees will be returned due to “external variables”. My repeated attempts at asking them to reveal what those variables are remain unanswered. This has been an ongoing dialogue since mid June. My next move is to go to the regulatory authorities to report OF and then to social media to warn others of the potential pitfalls of opening an account with them.

Update (15thAugust): two months later and my refund still not paid and no explanation!

Update (6th September): Following OF stating, on several occasions, their team were organising my refund, they have responded today with
“We are sorry to inform you that we are unable to proceed with your refund request after reviewing it.
Our refund policy clearly states that accounts with trading activities are not eligible for refunds.”

They are, I would suggest, shysters who operate, as I have already said, using sharp practice!

Update (2nd October): Another response from OF giving unfounded reasons for not paying my profits or initial fees. Life is too short, in my case, I’m not talking about life changing sums of money. I’ve run out of steam and given up pursuing them particularly in view of other negative comments regarding this organisation’s practices !

Do not trust any positive posts regarding OF. As stated previously, I strongly suspect they are fake.

Guys please please please don’t waste your money on these guys! Only Funds used to be a highly respected prop firm and since the new people have taken over it’s gone to crap. I keep getting denied payouts even though the rules have been followed. And when asking for proper evidence they’re unable to provide. It’s such a shame when they had such a good reputation before. You can see how back it’s got in the massive drop in rating

This is me passing my first prop firm with ease failing a whole lot. And I was glad only funds didn't deny my payout. In my last home, i had to rent a smart funded hft through mlq5. It helped me to pass my challenge and also got their non public EA from the same programmer for my funded account.

Total scam company. Joined in March 2024. Started with HFT. Tried a total of 4 withdrawals. First 3 reasons for denial is due to lot size consistency (because they changed the rules every now and then during the period). For my 4th withdrawal, i made sure that all my trades were opened with a fixed lot size, 1min apart. Hit around 2% profit and tried to withdraw.

Then they started their crap reasons like breach of account, impact to their business, security breach etc. Basically my account was running under same environment in a vps ever since i bought them in March 2024. Why the sudden security breach reason when I'm finally profitable? This shows that this company is just a scam. When you turn profitable, they will disable your account for whatever reasons they can come up with.

I have every single trade proof and logs. DM me on discord and I can show you proof of my trades and how disgusting their replies can be when you turn profitable. Lol. Just don't believe those good reviews here.. Probably paid or just their own ppl.

OF started out good with the original team but when PTT took over, they just scam away all the money. Just search on google and i suggest to file for chargeback if you just made purchase. The banks got to blacklist this PTT company, which i believe is operating under the cover of Eightcap itself. Total scam, lol.

Till now 16 Aug 2024 , no payout and customer support ghosted me since 1 Aug. Don't believe on the good reviews here after Apr/May 2024. They are probably paid or affliates trying to get you onboard the pirate ship only.

I heard about Only funds last week, and I have checked a whole lot of reviews to get to know about them to well and what people are saying about them. Saw someone talked about smart funded hft on mlq5. I rented mine too and today I smashed the $100k challenge account I got😊.

I have been with OF since its launch, investing $300k ($100k in HFT and $200k in standard). Initially, everything was fantastic under the old management. I received my payouts within 48 hours, and the team, including industry expert Darren from POW, was prominently featured on the website.

However, things took a turn for the worse. The original team disappeared, and the rules started changing weekly. They disabled Instagram and Discord to prevent us from posting negative feedback and exposing their scam. My last two payouts were withheld, and they accused me of copy trading without providing solid evidence. They sent random data from other accounts with similar entries. With thousands of traders in gold or NASDAQ, and strategies like ICT Silver Bullet, similar entries are inevitable.

Despite receiving my first payout using the Silver Bullet strategy, they now ignore my emails and pretend to have no information about their social media team.

!!!!!!!!!! BIG RED FLAG !!!!!!!!!!!!!!!

OnlyFunds denied my payout request and suspend/delete my trading account without any specific reference from their rules. After multiple email attempts of me asking them about which rules have I violated, they were still answering vaguely about my trading style has potential impact on their risk management.
And after I politely asked them what should I do to avoid getting my account suspend in the future, they just "remix" the same content from their previous replies and gave me an completely unrelated answer. I asked again, then they just ghosted me
In short, avoide this prop firm they are scammers!
And positive reviews could be fake

I chose Of because I like getting funded the same day and prefer using MT4. Of is the best option among HFT companies offering HFT on MT4. Since my Smart funded HFT rented on mql5, I'll continue choosing Only Funds as long as they offer this service👍.

It took 2 months and a lot of persistence to receive a payout. The month after, despite running the same strategy and settings, I was suspiciously denied a larger payout due to copy trading.. OnlyScams could not provide any evidence other than a spreadsheet of my trades. They refused to view evidence from my VPS, testing period data and results. It is strange that one payout with the same settings is then refused the next..

I could then not access the MT4 terminal to login, despite emailing, they claimed there was no error. I have now subsequently lost a 300k account due to inactivity. Avoid at all costs.

There is no point OnlyScams replying saying I breached rules.. the entire community knows your game.

Got my second payout from OnlyFunds! 🤑 The process took just 3 days. Even with some new rules, it's been easy to adapt my trading strategy. Their support team is always there to assist. Happy so far!

Just got my second payout from OnlyFunds, and it was quick and easy. Even with some rule changes, the process is still straightforward. I’m pleased with their service and transparency.

THEY WILL SCAM YOU
THE GOOD REVIEWS YOU SEE ARE NOT REAL BUT FROM BOTS.
THEY DON'T PAY AND WILL DECLINE YOUR PAYOUT FOR NO REASON.

BE WARNED

A virtual high-five to this amazing trader's network! Thanks to your reviews, I decided to rent a Smart Funded HFT from MQL5, and it completely turned the tide for my Only Funds challenge. I secured my first payout, all without any IP troubles. This experience has shown me that community knowledge is truly powerful. Onward and upward to the next payout, friend💪!