At The only prop, trading guidelines are intended to encourage an organized and profitable trading atmosphere. Our guidelines are designed to promote sensible trading practices, such as risk administration and compliance to corporate goals. By matching our regulations with best practices in the marketplace, Top guarantees that traders function in an environment that encourages stability and development.
The Only Prop
By The Only Prop
The Only Prop
By The Only Prop
The Only Prop
By The Only Prop
The Only Prop
By The Only Prop
The Only Prop
By The Only Prop
The Only Prop
The Only Prop
By The Only Prop
The Only Prop
Written by The Only Prop
The Only Prop is a hedge-fund-backed proprietary trading firm that provides traders with funded capital through a structured evaluation process. Our goal is to identify disciplined traders and allocate real capital to those who demonstrate strong risk management and consistency.
Unlike traditional prop firms, our model is designed to reduce unnecessary restrictions and allow traders to focus purely on performance.
We offer two evaluation pathways:
Both challenges are manually reviewed and designed to assess trading discipline, decision-making, and capital preservation skills before funding is granted.
The Only Prop operates with a simplified and trader-focused risk model:
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What makes The Only Prop different?
The Only Prop operates with a simplified and trader-focused risk model:
Once funded, traders operate with significantly fewer constraints compared to industry-standard prop firm models.
Top-performing traders may also be selected for an exclusive opportunity to trade directly from our physical trading office, where we allocate hedge fund capital to a small percentage of consistently profitable traders.
Only about 1% of traders reach this level.
A step-by-step guide on how to start trading with The Only Prop
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Getting started with The Only Prop is simple and straightforward. Follow these steps to begin your journey toward a funded trading account:
Visit the Checkout PageChoose the challenge that best fits your trading style.
Select Your ChallengePick between our One-Step Challenge or Two-Step Challenge models.
Trade by The Only Prop RulesTrade the evaluation account while respecting the challenge objectives and the 10% static drawdown rule (no daily drawdown limit).
Pass the ChallengeOnce the objectives are completed, our team manually reviews the account to ensure the evaluation requirements were met.
Get Funded & Start TradingAfter successful verification, you will receive your funded account and can begin trading and withdrawing profits according to our payout policy.
Who is allowed to join The Only Prop.
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The Only Prop is designed for retail traders worldwide who want to demonstrate their trading skills, improve performance, and earn profits through our funded account program. We welcome individuals who are passionate about trading, regardless of prior experience.
The Only Prop is open to traders from diverse backgrounds and experience levels. Both beginners and experienced traders are welcome to participate. All participants must be at least 18 years of age.
Restricted Jurisdictions & ComplianceTo comply with international regulations, The Only Prop does not provide services to individuals who are located in or are residents of the following countries or regions:
Additionally, we do not provide services to individuals or entities listed on international sanctions lists or global anti-terrorism compliance lists.
Additional RestrictionsThe Only Prop does not offer services to:
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The Only Prop Two-Step Challenge consists of two evaluation phases. Traders must successfully complete both phases to qualify for a funded account.
Each phase evaluates trading discipline, consistency, and risk management before capital allocation.
Phase 1 — Performance EvaluationThis phase evaluates overall trading ability.
Trading Objectives
After completing Phase 1, the account enters a 24-hour review period. Once approved, the trader advances to Phase 2.
Phase 2 — Verification
This phase confirms consistent performance.
Trading Objectives
After Phase 2 completion, the account undergoes another 24-hour review before funding.
This 24-hour review applies to every stage upgrade.
Account Violation (Hard Breach)
A hard breach represents a serious violation and results in immediate account termination
Maximum Drawdown Rule
The Only Prop uses a static drawdown model.
Maximum Drawdown: 10% of initial account size
Daily Drawdown: None
Your balance or equity must never fall below the maximum loss limit.
Example
Account Size: $100,000
Maximum Drawdown: $10,000
Minimum Equity Allowed: $90,000
Single-Trade Risk Rule
A trader may risk up to 20% of the total drawdown allowance in one trade.
Example
Account Size: $100,000
Total Drawdown Allowance: $10,000
Maximum Risk Per Trade: $2,000
Exceeding this limit will be treated as a violation.
Layering
Opening more than three positions on the same instrument in the same direction simultaneously is not allowed.
Adding positions to a losing trade, grid trading, or recovery-based entries may be treated as a violation.
Soft breach during both evaluation.
Toxic Trading Behavior (Soft Breach)Examples include:
Repeated violations may lead to restrictions or termination.
Excessive Risk-Taking / Over-LeveragingExamples:
Martingale Trading PolicyMartingale includes increasing position size after losses to recover drawdown.
Examples:
Challenge phase: Soft breach
Expected behavior: consistent risk per trade.
Gambling BehaviorExamples:
OvertradingExamples:
Tick ScalpingTick scalping refers to extremely fast trades capturing micro-movements.
Examples:
Up to 20% of total trades may be ignored.
Beyond that, trades may be reviewed.
HedgingImproper hedging includes:
Reverse TradingExamples:
Trades placed within 15 minutes to neutralize exposure may be flagged.
One-Sided Bias TradingRepeated trading in only one direction without justification may trigger review
News Trading
News trading is fully allowed during both the challenge phases and the funded stage.
Traders may open, close, and manage positions during:
There are no timing restrictions around news events.
However, traders remain responsible for managing their own risk during volatile market conditions. Slippage, spreads, and rapid price movements may occur during news releases.
Some standard account rules, like the maximum drawdown rule, still apply.
Alright — this is it, for your trading rules , but we only need you to follow our trading behaviour rules on live accounts too, this helps us differentiating Our best traders. Rest assured, trade happily and freely on your live accounts.
Happy Trading!
Written by The Only Prop
The Only Prop One-Step Challenge is a single-phase evaluation designed for traders who want a straightforward path to funding.
This phase evaluates trading discipline, consistency, and risk management before capital allocation.
Phase 1 — Verification
Trading Objectives
After completing the profit target, the account enters a 24-hour trading behavior review. Once approved, the trader proceeds to the funded stage.
This 24-hour review applies to all stage upgrades.
Account Violation (Hard Breach)A hard breach represents a serious violation and results in immediate account termination
Maximum Drawdown Rule
The Only Prop uses a static drawdown model.
Maximum Drawdown: 6% of initial account size
Daily Drawdown: None
Your balance or equity must never fall below the maximum loss limit.
Example
Account Size: $100,000
Maximum Drawdown: $6,000
Minimum Equity Allowed: $94,000
Single-Trade Risk Rule
A trader may risk up to 20% of the total drawdown allowance in one trade.
Example
Account Size: $100,000
Total Drawdown Allowance: $6,000
Maximum Risk Per Trade: $1,200
Exceeding this limit will be treated as a violation.
Layering
Opening more than three positions on the same instrument in the same direction simultaneously is not allowed.
Adding positions to a losing trade, grid trading, or recovery-based entries may be treated as a violation.
Soft breach during evaluation.
Toxic Trading Behavior (Soft Breach)Examples include:
Repeated violations may lead to restrictions or termination.
Excessive Risk-Taking / Over-LeveragingExamples:
Martingale Trading PolicyMartingale includes increasing position size after losses to recover drawdown.
Examples:
Challenge phase: Soft breach
Expected behavior: consistent risk per trade.
Gambling BehaviorExamples:
OvertradingExamples:
Tick ScalpingTick scalping refers to extremely fast trades capturing micro-movements.
Examples:
Up to 20% of total trades may be ignored.
Beyond that, trades may be reviewed.
HedgingImproper hedging includes:
HedgingImproper hedging includes:
Trades placed within 15 minutes to neutralize exposure may be flagged.
Reverse TradingExamples:
Trades placed within 15 minutes to neutralize exposure may be flagged.
One-Sided Bias TradingRepeated trading in only one direction without justification may trigger review
News Trading
News trading is fully allowed during both the challenge phases and the funded stage.
Traders may open, close, and manage positions during:
There are no timing restrictions around news events.
However, traders remain responsible for managing their own risk during volatile market conditions. Slippage, spreads, and rapid price movements may occur during news releases.
Some standard account rules, like the maximum drawdown rule, still apply.
Alright — this is it, for your trading rules , but we only need you to follow our trading behaviour rules on live accounts too, this helps us differentiating Our best traders. Rest assured, trade happily and freely on your live accounts.
Happy Trading!
Completing the Know Your Customer (KYC) process is a mandatory step to maintain a secure, fair, and compliant trading environment at The Only Prop Firm.
Why KYC Is Required
1. Legal & Regulatory Compliance
KYC allows The Only Prop to comply with international regulations designed to prevent:
Trading Objectives
By verifying identities, we ensure all accounts belong to real and legitimate individuals.
2. Account Security & Protection
KYC adds an additional layer of security by linking trading accounts to verified personal information.
This helps prevent:
If a security issue occurs, verified information allows faster resolution.
3. Fair Trading Environment
Identity verification helps ensure that:
This protects genuine traders and maintains evaluation integrity.
4. Payout Eligibility
KYC verification must be completed before any payout request can be processed.
This ensures:
Without completed KYC verification, payouts cannot be approved.
To complete KYC verification, traders must submit valid documents confirming their identity and residential address
1. Personal Identification (Required)
You must submit one valid government-issued photo ID.
Accepted Documents
Important Requirements
KYC verification is required to unlock full account access, including payouts. The Only Prop aims to complete verification as quickly as possible while maintaining security and compliance standards.
KYC Verification Timeframe
Instant Verification:
In some cases, KYC may be approved instantly when documents are clear, valid, and meet all requirements.
Standard Verification:
Most KYC checks are completed within 1–2 business days after document submission.
What Can Affect Verification Time?
Verification may take longer if
Submitting clear and accurate documents helps avoid delays.
How Will I Know When KYC Is Completed?
If Verification Takes Longer Than Expected
If your KYC verification takes longer than 2 business days:
If your KYC application is rejected, it does not mean you are permanently disqualified. Rejections usually occur due to missing, unclear, or mismatched information and can typically be resolved quickly.
Common Reasons for KYC Rejection
Your KYC application may be rejected if:
What Happens After a Rejection?
1. Rejection Notification
You will receive an email explaining the reason for the rejection, along with instructions on what needs to be corrected.
2. Resubmission Opportunity
In most cases, you will be allowed to resubmit corrected documents.
Once resubmitted, the verification process will restart.
How Long Does Re-Verification Take?
Re-verification typically takes 1–2 business days.
Some applications may be approved faster if corrections are clear and complete.
What If the Issue Cannot Be Resolved?
If the required documents cannot be provided:
How to Avoid KYC Rejection
The Only Prop operates with a simplified and trader-focused risk model:
To ensure efficient processing and reduce transaction costs, The Only Prop applies a minimum withdrawal requirement.
Minimum Withdrawal Amount?
Minimum Withdrawal: 1% of the initial account size
Withdrawal requests below this amount cannot be processed.
Profits and eligible balances may be combined to meet the minimum requirement
Giveaway accounts have a withdrawal limit of 2% only.
Why Is There a Minimum Withdrawal Requirement?
The minimum withdrawal requirement exists to:
Larger, less frequent withdrawals help keep payout operations efficient and reliable.
Available payout methods may include:
Payment options may vary depending on location, availability, and payout method selected by the trader.
Profit Split: The Only Prop offers a progressive profit split of 80%, 85%, and up to 90% across all account types. Traders who consistently sustain the 90% level over multiple payouts may be considered for our upcoming Career Program, where top performers will be invited to trade from our physical office trading desk. The Career Program is coming soon and will be accessible via the platform.
Before submitting a withdrawal request, make sure the following conditions are met:
Important Withdrawal Rule
Once a withdrawal request is submitted, no trading activity is allowed on the account.
Placing any trade after requesting a payout will be treated as a hard breach, and the account may be terminated.
The Only Prop processes withdrawal requests on a weekly payout cycle while ensuring all compliance and security checks are completed.
Withdrawal Processing Time
Payout Processing Day: Wednesday
All approved withdrawal requests are processed on Wednesday each week.
Once processed, the time required for funds to arrive depends on the selected payout method (crypto, UPI, bank transfer, or e-wallet).
Most payouts are completed within 24–48 hours after Wednesday processing.
Possible Delays
In some cases, withdrawals may take longer due to:
These delays are normal and outside of The Only Prop’s direct control.
When Does the Processing Time Start?
Withdrawal processing begins once:
There is No IP address location restrictions for traders.
Traders may access their accounts from different locations, devices, or networks without violating account rules
Account Access & Security
While there are no IP region restrictions, traders remain responsible for maintaining account security
The following practices are still prohibited:
If suspicious account activity is detected, the Risk Management Team may request identity verification to protect the account.
Important Notes
The purpose of this approach is to give traders flexibility while maintaining account safety.
To ensure active participation and proper account usage, The Only Prop enforces an inactivity rule across all account stages.
Inactivity Rule
If a trading account remains inactive for 14 consecutive days, it will be treated as a hard breachand the account will be terminated.
This rule applies to:
What Counts as Inactivity?
An account is considered inactive if:
How to Avoid Inactivity Breach
Failure to meet this requirement will result in account termination due to inactivity.
Evaluation fees are not refunded immediately after purchase.
However, The Only Prop refunds the full challenge fee once a trader successfully completes the evaluation and demonstrates consistent performance on the funded account.
The challenge fee is refunded with the fourth payout from the funded account.
To qualify for the refund:
Why Evaluation Fees Exist
Evaluation fees cover:
These costs begin once the evaluation account is activated.
When Refunds Are Not Eligible
Refunds will not be issued for:
If an account is terminated before reaching the funded payout milestone, the evaluation fee remains nonrefundable.
Career Program Opportunity
Traders who demonstrate consistent performance may qualify for The Only Prop Career Program.
Traders who:
may become eligible to apply for direct capital allocation opportunities
Top-performing traders (approximately top 1%) may be selected to trade from The Only Prop’s physical office environment, working alongside our hedge fund capital allocation structure.
This program is designed for traders who show long-term consistency and professional risk management.
Agreement to Refund Policy
By purchasing any The Only Prop evaluation program, you acknowledge that:
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Yes — Weekend Holding Is Allowed (With Prior Approval)
Traders are permitted to hold positions over the weekend in both challenge and funded phases, but prior approval is required.
To hold trades over the weekend, traders must email support / contect us for live support before the market closes on Friday informing the team that positions will remain open.
Failure to notify support before the Friday market close will result in a hard breach and account termination.
You may keep trades open beyond the market close on Friday and continue managing them when the market reopens, provided approval has been granted.
Important Things to Keep in Mind
While weekend holding is allowed, please note:
We strongly recommend managing risk carefully when holding positions over the weekend
