OneFunded uses a static, balance-based maximum loss limit anchored to starting balance, plus a separate 4 to 5 percent daily loss limit. Overall drawdown ranges 6 to 10 percent depending on plan. The firm is independent (not broker-backed), born from the Prop365 August 2024 rebrand and consolidated via the November 2025 FXCI acquisition onto a single platform.
Quick answer: how OneFunded drawdown works
- Mechanic: static, balance-based maximum loss limit anchored to starting balance.
- Daily drawdown 4 to 5 percent off equity, calculated at session rollover.
- Overall drawdown 6 to 10 percent depending on account size and program.
- Independent prop firm via UK Brynex Tech entity plus Saint Lucia OneFunded Capital Ltd.
- Born from Prop365 rebrand August 2024, accelerated via FXCI acquisition November 2025.
- Trustpilot 4.5 across 169+ reviews, strong for a sub-2-year operator.
OneFunded runs a static, balance-based maximum loss limit alongside a separate daily loss cap. The firm is independent, not broker-backed, and operates through a UK technology entity (Brynex Tech Limited) and a Saint Lucia financial entity (OneFunded Capital Ltd). The August 2024 rebrand from Prop365 plus the November 2025 acquisition of FXCI gave the firm a consolidated trader base that now operates entirely on the OneFunded platform stack.
The static MLL drawdown model
Static drawdown means the maximum loss limit is a fixed dollar amount calculated on day one. On a 100,000 dollar account with the published overall drawdown of 6 to 10 percent, the MLL sits between 90,000 and 94,000 dollars depending on the specific plan you bought. That number does not move as your equity climbs.
Independent props vary widely on whether they trail their drawdown or hold it static. OneFunded sits on the static side, which structurally favours profitable swing traders who would otherwise lose buffer to a trailing mechanic after a flat session. Verify the exact dollar floor on your account dashboard before placing the first trade.
The static model is paired with a daily loss limit of 4 to 5 percent calculated off equity. The two rules run in parallel, you can fail either one independently, and a daily breach is recoverable while an MLL breach is permanent. Most blown accounts on OneFunded fail the daily limit before they touch the MLL.
Because OneFunded is independent rather than broker-backed, the enforcement happens at the prop firm risk engine rather than at a regulated broker trade engine. In practice this means auto-close timing can be slightly slower (seconds rather than milliseconds), but the underlying rules are equivalent to broker-backed peers.
The deeper structural reason this matters is that risk-modelling assumptions cascade across position sizing, expected per-cycle drawdown, and per-payout cashflow planning. A trader who misreads the drawdown mechanic on day one builds an entire sizing framework on the wrong foundations, then discovers the error on the session that fails the account. Understanding the model up front pays for itself many times over.
Why this matters for trader behaviour
The static MLL plus 4 to 5 percent daily limit is the standard independent-prop combination. It is predictable, easy to model in a backtest, and the failure surface is identical across the plan range. Master the rule set once on a small account and the same logic applies to a larger size.
Most prop firm failures come from rule misunderstanding rather than from market losses. Traders who internalise the exact drawdown mechanic, what counts, when it counts, how it triggers, survive longer than traders who simply trade their strategy and assume the rules will accommodate them. The rules are not negotiable, but the trader behaviour around them is.
The maximum loss limit in numbers
The MLL is the hard floor on cumulative loss. It is calculated as a fixed dollar amount below the starting balance and stays at that level for the entire account life. The 6 to 10 percent range reflects the spread across OneFunded account sizes, larger accounts often carry a tighter percentage offset, smaller ones get more room.
| Starting balance | MLL floor (~10%) | Initial drawdown room |
|---|---|---|
| $2,000 (entry) | $1,800 | $200 |
| $10,000 | $9,000 to 9,400 | $600 to 1,000 |
| $25,000 | $22,500 to 23,500 | $1,500 to 2,500 |
| $50,000 | $45,000 to 47,000 | $3,000 to 5,000 |
| $100,000 | $90,000 to 94,000 | $6,000 to 10,000 |
| $200,000 (top tier) | $180,000 to 188,000 | $12,000 to 20,000 |
These ranges reflect the 6 to 10 percent spread across the OneFunded plan range. The exact percentage on your plan is set during checkout, verify the dollar floor on your dashboard. The 2K entry plan with the LAST2K promo at 16 dollars is the cheapest way to test the rule set before scaling up.
Practical takeaway: treat the MLL as a long-horizon ceiling and the daily cap as the rule you actually trade against. Most OneFunded accounts that fail in the first week of funded trading fail on the daily limit, not the MLL.
In practice, the MLL is the rule traders think about least and worry about most. Most active funded accounts spend their entire life sitting comfortably above the MLL because position sizing is calibrated against the daily limit. Traders who do touch the MLL usually do so via a sequence of multiple failed sessions over multiple days rather than a single catastrophic position, slow grinds rather than blow-ups.
The daily loss limit
OneFunded enforces a daily loss limit of 4 to 5 percent calculated off account equity. The exact percentage depends on the program you bought, verify in your dashboard. The daily limit is the tighter of the two rules in percentage terms, and it is the one most traders actually hit.
The daily cap resets at session rollover (typically 17:00 New York or 22:00 London on forex programs). Hitting the daily limit disables the account for the rest of that session but does not fail it, the next session opens with a fresh budget. The MLL floor stays in place across sessions.
Because the daily cap is calculated off current equity rather than starting balance, it tightens as your account grows. A 4 percent daily on 100,000 is 4,000 dollars, once your equity hits 110,000, the daily limit becomes 4,400. This is favourable for compounding traders but requires recalculating size on each session open.
| Session event | Effect on account |
|---|---|
| Daily loss limit hit intraday | Account disabled until next session opens |
| MLL breach on closing equity | Account closed permanently |
| MLL breach on floating equity (open trade) | Account closed permanently |
| Both daily and MLL hit same session | MLL breach takes priority, permanent close |
Practical takeaway: at 1 percent risk per trade, you can lose four to five stops in a single session before hitting the daily cap. Size positions so a worst-case cluster of stops still leaves trading room for the next session rather than burning the full budget on a single bad morning.
Experienced funded traders treat the daily cap as a budget, not as a limit. The mental model matters: a budget suggests an allocation you spend deliberately across multiple trades, with planned reserves for unexpected sessions. A limit suggests a maximum you can approach freely until you hit it. The first model survives, the second model fails accounts.
Floating equity rules
OneFunded evaluates floating equity on every tick, the same way regulated broker-backed firms do. If your open-position drawdown plus closed P&L exceeds the MLL at any point during the session, the account fails, even if the position later recovers to flat.
The floating-equity rule eliminates the hold and hope tactic where a trader keeps a deep underwater position open in the hope of recovery. Many offshore props enforce closing-equity-only checks. OneFunded does not, the rule is enforced in real time across all programs in the line-up.
Floating equity rules exist because they eliminate one of the most common loss-extension behaviours: holding a losing position open in the hope of recovery rather than closing it according to a pre-defined stop. Real-time floating-equity enforcement removes this option entirely, which is both protective (no escalating loss) and punishing (no time to think) depending on the trader perspective.
Worked example
On a 100K plan with the MLL at 94,000, your closed P&L is flat at 100,000. You open a position and the market moves 7,000 against you intraday. Floating equity drops to 93,000, already below the MLL. The account fails at that tick, regardless of whether the position later recovers and would have closed in profit if you had been allowed to hold it.
Managing the OneFunded drawdown
Size for the daily limit, not the MLL
Most blown OneFunded accounts fail the daily cap on a single bad session. Size every position so the worst-case stop hits well before the daily cap. A common rule of thumb is 25 percent of the daily budget per trade, four consecutive stops would consume the full budget, at which point you stop trading for the session rather than chase the loss back.
Treat early profits as drawdown buffer
Until your closed profit equals the MLL offset, you have no buffer beyond the day-one drawdown allowance. Scale size in week two or three, not week one. Many funded traders blow up here by going large before they have earned the room they think they have on the equity curve.
Plan for cluster risk, not average risk
A 1 percent per-trade risk model with five trades per day on a 50 percent win rate has an average daily loss of zero. But the worst-case clusters, five stops in a row, or two stops plus a giant slippage event, happen often enough across a year of trading that planning for the average leaves traders blown by the third such cluster. Size for the cluster, not the average.
How it compares to peer mechanics
OneFunded static MLL plus 4 to 5 percent daily limit is the standard independent-prop combination. Compared to futures props running trailing drawdowns, the OneFunded model is more forgiving for swing traders who would otherwise lose early buffer to a trailing mechanic.
| Drawdown mechanic | Behaviour | Best for |
|---|---|---|
| Static | MLL fixed at day one, never moves | Swing, position, profitable scalpers |
| EOD-lock trailing | Trails up daily on EOD, locks at start | Disciplined intraday traders |
| Full trailing | Trails up tick-by-tick, locks or trails forever | Short-cycle scalpers |
| Hybrid | Daily + static + lock combinations | Plan-specific |
Practical takeaway: if you are migrating from a trailing-model futures prop, expect OneFunded to feel more forgiving on the long-horizon MLL and roughly equivalent on the daily cap. Re-size stops accordingly in the first funded week and resist scaling before earned buffer is genuinely accumulated.
Migrating between drawdown mechanics is one of the most expensive learning curves in prop trading. Traders who blow accounts on a new firm after passing on a previous firm almost always do so because they ported sizing assumptions from the old mechanic without re-calibrating for the new one. Treat every firm migration as a re-evaluation of risk model from first principles.
OneFunded plan range
OneFunded sells multiple account sizes ranging from a 2,000 dollar entry plan up to 200,000 dollar top-tier. The drawdown percentage offset varies across the plan range, with smaller plans typically carrying a wider percentage offset and larger plans carrying a tighter offset. Verify the specific percentages on the dashboard at checkout.
| Plan tier | Starting balance | Typical drawdown | Best for |
|---|---|---|---|
| Entry | $2,000 | 8 to 10% | Testing rule set |
| Small | $10,000 | 7 to 9% | Learning the platform |
| Medium | $25,000 to $50,000 | 6 to 8% | Active intraday traders |
| Large | $100,000 | 6 to 7% | Scaling profit pace |
| Top | $200,000 | 6% | Established funded traders |
Most active OneFunded traders start at the 10K or 25K tier. The 2K entry plan is too tight in dollar terms (200 dollars of initial room) for any realistic strategy. The 200K top tier is for traders who have already proven consistency on smaller sizes. Stepping up the size ladder methodically is the safer scaling path.
The FXCI acquisition and consolidation
The November 2025 acquisition of FXCI consolidated three brands onto a single OneFunded platform. Prop365 customers, OneFunded original signups, and migrated FXCI customers all trade under the same rule set, the same drawdown engine, and the same payout terms. Legacy brand differences are no longer relevant.
Traders who held accounts under the legacy Prop365 or FXCI brands had their accounts migrated to the OneFunded platform during the consolidation. The migration preserved account balances, evaluation progress, and funded status. Rule enforcement runs identically across the migrated user base, which removes the brand-comparison guessing that customers sometimes did before the consolidation completed.
Bottom line
OneFunded drawdown rules are conservative for an independent prop: static MLL anchored to starting balance, 4 to 5 percent daily limit off equity, and floating-equity checks at every tick. The daily cap is the realistic failure mode. The independence trade-off, versus broker-backed peers, is slightly slower auto-close enforcement and a non-broker payment stack, in exchange for more flexible pricing. The FXCI acquisition and Prop365 rebrand consolidated the trader base on a single platform, so rule enforcement is consistent across the migrated user base.
Position sizing framework for OneFunded
A defensive position-sizing framework keeps OneFunded accounts alive across long trading cycles. The framework has four components, applied in order before every trading session opens. None of them depend on a specific strategy, so they fit any directional approach the trader runs.
- Calculate available daily room: equity minus daily cap floor, in dollars.
- Calculate available overall room: equity minus MLL floor, in dollars.
- Set per-trade risk at 25 percent of the smaller of those two numbers.
- Cap session trades at four. If all four hit stops, stop for the session.
This framework caps the worst-case session at full daily cap exhaustion across four stops, which leaves the account alive for the next session. Traders who deviate by widening stops or by taking a fifth trade after four stops are the ones whose accounts close on bad days. The discipline is mechanical rather than discretionary.
The framework adjusts naturally to account growth. As equity climbs, the available daily room grows with it, so per-trade risk in dollar terms grows in proportion. A trader who follows the framework on a 25K account will scale position size automatically when funded equity reaches 30K without any explicit decision to size up.
Session structure and trading day rhythm
OneFunded session structure follows standard forex conventions. The trading day resets at 17:00 New York or 22:00 London depending on the broker schedule under your specific program. The reset is what defines the daily cap window.
| Session | Typical hours UTC | Notable activity |
|---|---|---|
| Asian | 00:00 to 08:00 | Range-bound, lower volume |
| European | 07:00 to 16:00 | Higher volume on EUR, GBP pairs |
| New York | 12:00 to 21:00 | Highest volume, news driven |
| Rollover | 21:00 to 22:00 | Daily cap resets, liquidity thin |
Most active OneFunded traders concentrate their trading on the London and New York overlap window. This is the highest-liquidity period and produces the cleanest directional moves for risk-reward setups. Trading during rollover is generally a bad idea because liquidity is thin and slippage is high.
Common failure patterns on OneFunded
| Failure Pattern | Trigger | Typical Cost | Fix |
|---|---|---|---|
| First-week overconfidence | Sizing up immediately after funded activation | 1 funded account cycle | Hold evaluation sizing for 2 weeks |
| Daily cap chasing | Doubling size to recover after first daily breach | 2 to 3 days of buffer | Treat daily breach as full stop for the day |
| Weekend gap surprise | Friday close with open position into adverse Sunday gap | Full account on gap above MLL | Close or reduce all Friday positions |
| News volatility on open trade | Holding through FOMC or NFP without protective stop | Daily cap on adverse spike | Pre-set stops 30 minutes before release |
| Late-week MLL drift | Slow grind loss across 5 sessions accumulating to MLL | Full account | Weekly drawdown audit on Wednesday |
Each of these failure patterns has a known fix. Newly funded traders who learn the fixes from reading rather than from personal experience save the cost of one or more funded account cycles. The patterns recur because traders bring assumptions from other firms or from demo trading where the rules behaved differently.
Best practices for long-term funded survival
Long-term funded traders on OneFunded share a small number of behaviour patterns. The patterns are simple, repeatable, and resistant to the emotional pressures that drive shorter-cycle traders to fail. None of them require a specific strategy edge.
- Treat the daily cap as a budget, not as a limit.
- Size for the worst-case cluster, not the average outcome.
- Close or reduce positions before Friday session end.
- Withdraw profit regularly to lock in earnings.
- Maintain a written session plan before each trading day.
- Review the week on Sunday before the new week opens.
- Avoid trading during rollover or low-liquidity windows.
Traders who follow these practices consistently stay funded across many months. Traders who skip them rotate through funded accounts on a roughly quarterly basis as each one fails and they pay another evaluation fee to restart. The economic outcome over a year is dramatically different between the two behavioural profiles.
Payout cadence and earned-buffer accumulation
OneFunded payouts pull profit out of the funded account, which reduces the equity and reduces the drawdown room measured from the new equity level. Most experienced traders plan payouts around buffer accumulation rather than around calendar dates. The pattern is: trade up the buffer for several weeks, take a payout that pulls roughly half of accumulated profit, leave the rest as cushion.
This pattern keeps the funded account at a balance comfortably above the MLL across many payout cycles. Traders who pull every dollar of profit at every payout opportunity find their account back at starting balance after each payout, which removes the cushion they had built up and exposes them to the same week-one volatility risk on every subsequent cycle.
Scaling beyond the first funded account
Traders who stay funded long enough to take multiple payouts eventually consider scaling to larger account sizes or to multiple accounts in parallel. OneFunded supports both paths. The decision between them depends on strategy capacity and on operational overhead.
| Scaling Path | Pros | Cons |
|---|---|---|
| Larger single account | Same operational overhead, bigger payouts | All capital concentrated in one rule set |
| Multiple parallel accounts | Diversifies strategy risk across accounts | Cross-account hedging detection risk |
| Hybrid (one large + one small) | Test new strategies on small, run main on large | Operational complexity |
The hybrid path is the most common for established OneFunded traders. The large account runs the proven strategy on full sizing. The small account tests strategy variations, new instruments, or new time windows without putting the main capital at risk. Migration of successful variations from small to large account happens deliberately after 30 or more sessions of validation.
Whichever scaling path you choose, treat the additional accounts as separate businesses with separate rule-set discipline rather than as a single combined book. Cross-account thinking (treating one account winners as buffer for another account losers) leads to the cross-account hedging violation that closes both accounts simultaneously when detected.
Profit split and economics
OneFunded operates on a standard profit split structure published in the plan-tier documentation at checkout. The split favours the trader and matches the segment median. Combined with the static MLL and predictable rule set, the economic picture for a profitable OneFunded trader is reasonable across a multi-month horizon.
The economic math works like this: a trader on a 25K account who books 5 percent monthly profit on average, takes a payout monthly, and follows the position-sizing framework will withdraw a meaningful share of that 5 percent monthly without ever putting the underlying account at risk. The static MLL prevents the trail-down that punishes profitable traders on competing firms, which is where the long-horizon economic difference accumulates.
Across a year, the same trading skill applied to a static-MLL firm versus a trailing-drawdown firm produces meaningfully different cumulative payouts. The OneFunded model captures this advantage and shares it with traders willing to learn the rule set carefully and stick to a defensive position-sizing framework across many months of funded trading.
The combination of static drawdown, predictable daily cap, real-time floating-equity enforcement, and the consolidated post-FXCI platform makes OneFunded one of the more transparent independent prop firms for traders who value rule clarity. The trade-off is the absence of regulated broker backing, which is a genuine consideration for traders prioritising regulatory weight in their firm selection but which many traders accept in exchange for the favourable static drawdown structure.
For traders evaluating multiple prop firms, OneFunded fits comfortably as either a primary funded account or as part of a diversified portfolio across several firms. The rule set is conventional enough that strategies tested on other static-MLL firms transfer cleanly, and the floating-equity enforcement matches what broker-backed peers also enforce, so the trader skill stack moves between firms without major re-calibration of position sizing. The 2K entry plan remains the recommended starting point for any trader curious about the platform before scaling to serious funded sizes.
Frequently Asked Questions
Does OneFunded use a trailing drawdown?
No. OneFunded uses a static, balance-based maximum loss limit anchored to the starting balance. The MLL does not trail your equity higher as you profit, which means earned profit accumulates as additional buffer rather than being clawed back by a trailing mechanic across the funded cycle.
How big is the daily drawdown?
4 to 5 percent calculated off account equity, depending on the program you bought. The percentage tightens in dollar terms as your account grows, but the percentage offset stays constant. Verify the exact daily figure on your dashboard before going live on any new plan size.
What is the overall drawdown range?
6 to 10 percent across the plan range, anchored to the starting balance. Larger accounts often carry a tighter percentage offset, smaller plans get more room. Verify the exact dollar floor on your account dashboard at checkout, as the percentage varies by specific program selected.
Does floating equity count toward the MLL?
Yes. Floating equity from open positions counts toward both the daily and overall limits, not just closed P&L. If your open-position drawdown plus closed loss exceeds either limit at any tick, the account fails or is disabled, even if the position later would have recovered to profit.
What happens when I hit the daily loss limit?
The account is disabled until the next trading session opens. A daily breach is recoverable, the MLL is not. The next session opens with a fresh daily budget but the same cumulative MLL floor underneath your equity. Treat daily breaches as a lost trading day, not as a failed account.
Is OneFunded broker-backed?
No. OneFunded is an independent prop firm operating through a UK technology entity (Brynex Tech Limited) and a Saint Lucia financial entity (OneFunded Capital Ltd). It is not affiliated with a regulated broker stack like ThinkMarkets or Eightcap. Compare its independence against broker-backed alternatives when prioritising regulatory weight.
What changed when OneFunded acquired FXCI?
The November 2025 FXCI acquisition consolidated three brands (Prop365 to OneFunded to FXCI customers) onto a single OneFunded platform stack. Rule enforcement, payouts, and drawdown calculations now run uniformly across the migrated user base regardless of which legacy brand the trader originally signed up with.
Where is the exact daily loss percentage published?
Per-plan daily figures are published on the OneFunded dashboard at checkout rather than on the public landing page. Verify the exact percentage and corresponding dollar value before placing your first trade. Industry standard across the independent-prop segment is 4 to 5 percent for accounts of this type.
Does the MLL move up if I become profitable?
No. The MLL is static, it stays at the day-one level regardless of how high your equity climbs. This is the structural advantage versus trailing-model competitors and the main reason OneFunded drawdown model appeals to swing traders running multi-week setups across funded cycles.
Can I hold positions overnight on OneFunded?
Yes, but with caution. Floating equity is evaluated at every tick, so weekend gap risk and overnight news can trigger the daily limit or MLL before you have a chance to react. Most experienced OneFunded traders reduce overnight size before session rollover on Friday to avoid weekend gap exposure.
What is the cheapest way to test the drawdown rules?
The 2K Challenge with the LAST2K promo at 16 dollars. The smaller balance means tighter dollar room (4 to 5 percent daily is only 80 to 100 dollars), but the rule logic is identical to larger plans. Use it to validate the firm before scaling to 10K or larger for serious trading capital.
How does the daily cap interact with weekend gaps?
Weekend gaps are evaluated at the Sunday open. If the gap moves your floating equity below the daily cap or MLL, the rule fires at the Sunday open regardless of whether you intended to hold the position. Most experienced OneFunded traders close or reduce positions before Friday session end to avoid weekend gap exposure.
Are there any rules beyond drawdown?
Yes. OneFunded also enforces standard prop firm rules including no high-frequency latency arbitrage, no cross-account hedging, no exploit of platform errors, and standard restrictions on prohibited strategies. These rules apply alongside the drawdown rules and any breach can close the account independent of drawdown status.
What platforms does OneFunded support?
OneFunded runs on MT5 as the primary platform with cTrader as a secondary option on some programs. The platform is the same across all plan tiers and across the migrated FXCI and Prop365 user base after the November 2025 consolidation. Order types, charting tools, and execution behave identically across migrated and original accounts.
How fast are payouts on OneFunded?
OneFunded processes payouts within 24 to 72 hours of request on most programs. The exact timing depends on the destination payment rail. Crypto rails (USDT, USDC) typically clear faster than bank wire transfers. Verify the specific payout terms for your program in the dashboard before scaling to a larger plan size.
Can I run multiple OneFunded accounts?
Yes. Multiple accounts are permitted under a single identity. Cross-account hedging is prohibited and auto-detected. Independent strategies across accounts are permitted. Many active traders run two or three OneFunded accounts in parallel to diversify the strategy book without coordinating opposing positions across them.