OnlyFunds Reviews 148

This company give themselves fake reviews as you can see with their AI generated profile. I’m in their discord server, since end of May, there’s no payout cert updated in their server. They breached and terminate people accounts for ridiculous reasons just to avoid payout. I hope they get investigated for their dishonesty

Do NOT fall for the fake 5 star reviews that PTT write themselves.

This company has gone into my account and manually changed my crypto address, so that my payment lands elsewhere.

This company is a complete scam - please do not fall for the BS.

They're writing all the 5 star reviews themselves... scary scam, please don't invest on this company.

Scam scam scam, avoid from far away. All my friends payouts are being denied for silly stupid made up reasons. So my payout way denied, avoid them don’t buy anything you won’t be payed. The reason my PO was denied is a total lie.

Dear Trader,

We trust this message finds you well. During our recent payout review and the associated withdrawal process, we noticed some irregularities that need to be addressed.

Our investigations have revealed that your account 88992519 contains trading activity highly similar to other traders/strategies, which is a breach of our trading rules as outlined in the Schedule of Assessment and stipulated in the agreement you have signed. The patterns indicate that your trading strategy has been replicated across numerous accounts under different registrations.

The tickets that were detected: 99543785, 99883855, 99606774, 99608422, 99354612, 99608349, 99598438, 99604331, 99610261, 99174093, 99475974, 99436646, 99306446, 99476005, 99230845, 99230800, 99090604, 99642642, 99174015, 99144270, 99092241, 99581489, 99519065, 99292754, 99164468, 99085547, 99115168, 99616580, 99175419, 99500780, 99173712, 99194859, 99638590, 99175301, 99604519, 99581228, 99696150, 99617896, 99638304, 99292709, 99144221, 99077880, 99173387, 99614985, 99077939, 99614275, 99613360, 99639872, 99518552, 99636631, 99154329, 99115340, 99518751, 99490401, 99642352, 99292647, 99634494, 99500841, 99540693, 99586905, 99633994, 99521519, 99436433, 99266904, 99463587, 99695736

Instead of immediately terminating your account, we're taking a different approach to address this issue.

We will temporarily suspend your Autotrade access until a new request is submitted. Additionally, we will reset your account balance to its initial amount and decline your withdrawal request. However, you will have the opportunity to continue trading and submit another withdrawal request in the future, while adhering to the rules applicable for the first withdrawal request.

Please take this message as your initial formal warning. Our aim is to work together with you to rectify the situation and ensure adherence to the rules. However, if we continue to identify similar trades resembling those of other traders/strategies, we will have no choice but to permanently suspend your account.

If you have any questions or concerns, please do not hesitate to contact us. Our team will be available to assist you.

Thank you for your cooperation.

Best regards,

Only Funds Risk Team

Guys. Look at the bloody fake reviews they are doing with the cheesy profile photos. It’s actually embarrassing how obvious it is and how desperate they are to scam people. Try this company as your own risk. I promise you will regret it and you’ll be here writing the exact same as 90% of the people (not including the fake reviews).

I passed eval myself + traded on my account myself however, when i was due for payment for 7.4k usd they terminated my account saying i have my account details to a third party to trade for me which i never ever did. They are scamm. Stay away from them. I have raised it with them let see what they respond and i shall update my review accordingly!

It turned to a scam!

Was very profitable had 6 trades max DD on that account was below 300$ on a 200K account with 3-4 positions of 0.3 lot all positions within their rules, no news and so on

They refuse to pay me out because of their Risk management after i asked them to explain how I can break their risk management if my trades risked 0.3% per trade IN TOTAL ACTOSS MULTIPLE POSITIONS!

What the f IS THEIR RISK MANAGEMENT if you cant open 3x trades with 2min in between of 0.1% risk from your balance?! Hillarious it turned to a scam after the original Team vanished

Darren, Joel, Connor!

Verry close to take legal action this is pure fraud (the replied with emails where is writtem qupte on quote "this decisionis not reflection of your trading abilities but solely based on the risk assessement and FINANCIAL considerations of our firm.)

So they basically cant even pay 60% of my 3k withdrawal (my account had a max DD of less than 300$)

SCAM!

Somebody who wants to resolve this?

Onlyfunds is a fake company operating under PropTradeTech, which also operates under Eightcap. Through some light research, you can actually find that both of these firms are stationed at the same address, so there is no dilemma about who is running whom.

I was one of the people who bought accounts while Onlyfunds was still under original management. Since PropTradeTech took over, every single one of my accounts has had payout declines and terminations based on false accusations of account management. They concluded this through their system, which they can't show due to security reasons.

People, this is a scam. They will steal your information and your money. Do not, and I repeat, do not read other reviews—you can clearly see that they are fake. PropTradeTech is used to leaving fake reviews. Do not buy challenges and do not give them your money; you won't get anything in return.

I am a trader myself. I was about to buy a only funds challenge. But a friend of mine had been refused payouts from both of his accounts. Due to trades being similar to someone else. Similar is not the same as someone else. If someone is trading a similar or the same strategy. There maybe a few trades that are similar to someone else. He provided proof that they were all traded on his account but he just kept getting a standard emails, which was something I believe they send out to everyone. I am now in a group with traders who have had similar experiences with only funds. I'm glad I found this information out before I took out one of the challenges. A do believe a lot of the 5 star reviews on here are fake. Mainly due to being in only funds discord for a while and most of the comments were bad after the rule changes. Then they stopped everyone from writing in the general chat. I would stay clear of this firm and other HFT firms. They are just out to scam you. To implement new rules so early is not a good sign. It's not what pople signed up for when they took out the challenge. I believe they are just struggling to pay people out and using the new rules to implement this.

Personally I will not be buying a challenge with this firm.

If you buy from them they will pluck a reason out of thin air to not pay you out.

Shady company! Still got funds there but don't even bother to trade on them. Put your money at the bigger ones. FTMO / Alpha Capital / FundingPips not in this mess.

I have a 50k account, after a month I ask to withdraw. They replied that the withdrawal was under supervision and they would have responded to me within 48 hours. 48 hours pass and what do they say? This is the email they sent me:
Dear Trader,

We are writing to inform you that your account has been found in violation of our terms and conditions, specifically regarding the unauthorized sharing of your account.

It has come to our attention that you allowed or enabled another person or third party to view, access, or use your account or the Trading Platform without our express permission.

This includes allowing a third party to access or use your account for any reason, such as placing trades or attempting to pass an evaluation challenge.

To maintain the security and integrity of our system, we are left with no choice but to terminate your account 88993644 immediately.

Thank you for your cooperation.

Best regards,

Only Funds Risk Team

Basically they tell me that they don't pay me because my account has been used by third parties and this is another email they sent:
Unfortunately, your withdrawal request for account has not been approved. Please check your email for a follow-up message, as it may contain important information regarding a possible inconsistency that requires your attention.

Reason for decline: Duplicate IPs

Duplicate IP, but what does it mean? I want to see these IP duplicates and I want them to clarify where they come from, because I use a VPS and I always only use that one. I have another account on FTMO and for this I also use the vps only. They have to prove to me how they can say that I used different IPs. Except that they change the rules every week, so you never know what you can do or not do, or you spend every day seeing their rules always changing. anyway, I want them to respond to this review and tell me which IPs I used, let me see, why they use this ploy to not pay, it's useless for them to show the payments they make on discord, in my opinion they are all fake and they do it for attract people.STAY AWAY BECAUSE THEY STEAL YOUR MONEY, I DON'T KNOW WHY THESE SCAMMERS HAVEN'T BEEN ARRESTED YET. I WANT THEM TO RESPOND TO THIS MESSAGE AND SHOW WHICH IPs I HAVE USED SINCE I HAVE A VPS THAT WORKS VERY WELL AND THAT I USE EVERY DAY. STAY AWAY, LOOK FOR OTHER PROP SERIES WHICH THERE ARE, THESE ARE UNSCRUPOLE SCOUNDLES AND I HOPE THAT THE MONEY THEY STEAL THEY ONLY USE AGAINST THE TUMMY ACHE THAT THEY WILL GET. I ALSO HOPE THAT MANY PEOPLE READ THIS REVIEW AND UNDERSTAND WHICH SCM is ONLYFUND.

Shameful company who are actually owned by Eightcap. Why they feel the need to steal from people when they have a successful brokerage is beyond me. If you buy from them they will pluck a reason out of thin air to not pay you out. Don't bother wasting your time. You'll only be disappointed and have to put a chargeback in.

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