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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)
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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)

  #201 (permalink)
Elite Member
United Kingdom
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 10 since Nov 2010
Thanks: 4 given, 4 received


ticktrooper View Post
Hold my beer, I'm going in!

Let's settle this legitimacy debate. Although in order to test whether they will deliver on their promises I'll need to beat the evaluation, cross the withdrawal threshold of $1500 for this account and make another $1000. So $4000 overall.

I shall of course keep you guys updated in due course. Wish me luck!


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Good luck! Keep us updated! Which $25k account, the 50% or 80% profit split?

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  #202 (permalink)
Gunner
Dhaka, BD
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 7 since May 2016
Thanks: 16 given, 9 received


ibrown View Post
Good luck! Keep us updated! Which $25k account, the 50% or 80% profit split?

The 50% split. Basically the cheapest that they offered. I was among the first to raise concerns about their legitimacy when they started OneUp. Figured I'd have a go at it since TST's FTP makes little sense to me. Worst case scenario I'm out like a hundred bucks and a bit of my time.

One week into the trial, things are going somewhat smooth. Their order queue system seems totally simulated since my trades are getting executed instantaneously. Even in the TST combine you feel a very "real" lag to your order execution which I have not experienced here so far. Its like trading with the ninja demo account.

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  #203 (permalink)
Trading Apprentice
Scottsdale
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES, YM
 
Posts: 21 since Nov 2010
Thanks: 2 given, 12 received

OneUp is legit, process is easy, but you need to do the math



kriedd View Post
Just curious if anyone has hit their goal and if so whether OUT honored agreement to fund. I'm interested in signing up but always leery of a scam. I'd appreciate hearing anyone's experiences with them.

Thanks Kristi

Hi Kristi. To put your mind at ease: I passed the Evaluation and OneUp did honour the agreement as you put it. It was actually a very smooth process, an almost no-questions-asked kind of thing, except for a very, very general questionnaire which doesn't even ask how long you've been trading.


k7ler View Post
any one funded acount ? here


ibrown View Post
has anyone got funded?


00cedge View Post
I'm also interested to know if these guys are legit?

I did get funded and I can report that the operation is "legit". As I mentioned, it was actually very smooth and pleasant.

I think one reason why they've made it so easy is that they're not really risking any big money on you, and once you've made enough profit to cover the maximum allowed drawdown, it becomes virtually riskless for them as the posts around page 10 of this thread rightly point out.

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  #204 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts
Broker/Data: CQG, IB
Favorite Futures: NQ,RTY,CL,GC,6E,ZB
 
Posts: 92 since Mar 2013
Thanks: 80 given, 45 received

My personal experience was that the datafeed is terrible, even if only used as a DOM, and that the whole thing looks like a cheap no frills replica of Topsstep.

I would not recommend this service or the customer support.

Your money is far better spent on micro-futures or the equivalent in CFDs if legal in your jurisdiction.
You learn a lot more with real money on the line rather than being someone else's hamster on a wheel where you feel you are in some kind of race before next month's subscription is due

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  #205 (permalink)
Elite Member
Michigan
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: NQ
 
vk79's Avatar
 
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hoolio View Post
My personal experience was that the datafeed is terrible, even if only used as a DOM, and that the whole thing looks like a cheap no frills replica of Topsstep.

I would not recommend this service or the customer support.

Your money is far better spent on micro-futures or the equivalent in CFDs if legal in your jurisdiction.
You learn a lot more with real money on the line rather than being someone else's hamster on a wheel where you feel you are in some kind of race before next month's subscription is due

What data feed are you talking about? I have been on it for past 1 month or so, didnt see any problems

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  #206 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts
Broker/Data: CQG, IB
Favorite Futures: NQ,RTY,CL,GC,6E,ZB
 
Posts: 92 since Mar 2013
Thanks: 80 given, 45 received

The RIthmic SIM Feed.
It is nowhere near the quality of the Rithmic live feed or a CQG live feed or CQG demo feed

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  #207 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
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Posts: 2,042 since Sep 2010
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hoolio View Post
The RIthmic SIM Feed.
It is nowhere near the quality of the Rithmic live feed or a CQG live feed or CQG demo feed

As far as I know, Sim and Production(live) are sitting on two separate servers, so they could have difference in latency.
This is just an assumption (but a reasonable one): if I had a Production and a Sim server, I would put more resources to Production. Latency with real accounts and money is more important than sim, and carries a different obligation and liability. Again, this is just my opinion.

Matt Z
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #208 (permalink)
Trading Apprentice
Scottsdale
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES, YM
 
Posts: 21 since Nov 2010
Thanks: 2 given, 12 received


hoolio View Post
My personal experience was that the datafeed is terrible, even if only used as a DOM, and that the whole thing looks like a cheap no frills replica of Topsstep.

I would not recommend this service or the customer support.

Your money is far better spent on micro-futures or the equivalent in CFDs if legal in your jurisdiction.
You learn a lot more with real money on the line rather than being someone else's hamster on a wheel where you feel you are in some kind of race before next month's subscription is due

While I haven't experienced any datafeed issues, I do agree with the second part of your post.

During the "test" period and later the funded period, I faced no datafeed/execution issues at all with ES, YM or NQ. I used NinjaTrader, SierraChart, Multichart and the provided R|Trader. Most of my orders were limit orders, but even the occasional market order was filled no more than single tick away.

Perhaps what you're referring to is the lack of extensive historic data?

Data and execution aside, what users need to realize is that you'll NEVER, EVER be trading with ANYWHERE NEAR the funded amount. This applies to both OneUp/MES and TopStep.

For example, the $50,000 account allows you to carry just 2 contracts. But to trade 2 contracts with your own money, all you need is $1,000, since the intraday margin at most discount brokers is $400-500 per contract for ES, YM, NQ, etc (maybe a little more for trading CL or GC).

Even when you've accumulated enough profit to increase your lot size, the $50,000 account allows you a maximum of 6 contracts. But at that point you're actually trading with YOUR profits, and you're nowhere near the 50-thousand you're supposedly trading. With either funding scheme (OUT or TS), the entire risk they're taking on you for a $50k account is just $1,000.

After you've made a thousand in profit, they can withdraw their thousand. From then on they have absolutely no risk, and they get 20-50% of your profits. The business model is pure genius if you ask me!

If I remember correctly, OneUp's largest account of $250,000 allows just 6 contracts at first. But you'll never actually be trading a quarter-of-a-million bucks, because effectively it is a $3,000 account.

Oh, and there's that contract you need to sign: it has so many rules that you effectively end up trading as THEIR employee even when you're actually trading YOUR profits.

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  #209 (permalink)
Trading Apprentice
CONSTANTINE/ALGERIA (DZ)
 
Futures Experience: Advanced
Platform: ninjaTRADER ,
Broker/Data: RITHMIC,
Favorite Futures: CL, FGBL,FXSE,FDAX,YM
 
k7ler's Avatar
 
Posts: 33 since Aug 2015
Thanks: 111 given, 6 received

Hello, have already tested mes capital before, yes sometimes there have been flow connections and quite unpleasant especially for when you open a position I think that know a problem of flux, I find that there is too much rule also it risk not much money I think trader 4 or 6 or 10 contact and a good bargain if you have a good trading system and winner ratio

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  #210 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts
Broker/Data: CQG, IB
Favorite Futures: NQ,RTY,CL,GC,6E,ZB
 
Posts: 92 since Mar 2013
Thanks: 80 given, 45 received


I thought I'd expand on my second point above, which applies equally to OneUp and Topstep.

One of my biggest issues with this approach is that if you have any fear of loss then by going the combine route you are in real danger of expounding or sidestepping that fear and making it harder to deal with later on.

I'll give you an example that applies to me.
When I did the combines, I'd be fine and then I would just have one of those sub sessions, usually about 10 minutes or less when I'd get into a fixed mindset and blow through $500 on a few trades mostly due to the fixed mindset and partly due to sloppiness in not following your processes correctly.

There is no real punishment for that. Sure, you have blown your subscription but you treat that as a subscription cost inside your head and avoid dealing with the loss. It does not help you with the underlying issue as you don't deal with the true consequence of your actions. All successful traders have had to deal with this properly.

Secondly, the whole idea of a subscription can put you into the wrong mentality entirely. It almost becomes a race inside your head to get to the end of the combine before the next subscription is due. No matter what Topstep's slogan is about patience, the truth is you feel you are in a race. This does not encourage good trading behaviour. In my opinion, it's far better to sit on your hands if the conditions are not right rather than trying to grind out trades to meet some deadline. That never works.

I'm happy to answer any PMs with specific questions about combines. Don't get me wrong, I see it as an educational process that you do learn things about yourself but I don't see it as good business practise for yourself as an aspiring trader.

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