ONYX Futures Rules

ONYX Futures's plans state a static and end-of-day drawdown, across 8 plans. A consistency rule applies: 35% of the profit target, evaluation only; a bigger day raises the target with no penalty; none on the live account. News trading is conditional: evaluation only: flat at least 2 minutes before FOMC, FOMC minutes, Non-Farm Payrolls, CPI and PPI; no news restriction on the live account.

ONYX Futures's plans state a static and end-of-day drawdown, across 8 plans.

A daily loss limit figure is not recorded in the plan details we hold. The firm may still set one, so check its rules page rather than assuming there is none.

In ONYX Futures's words

Plan figures: “Static | 2.00 x drawdown | 5 | 40% | 35% | $89 |” onyx-futures.com/…/breaching-and-resetting

A consistency rule caps how much of your total profit a single trading day may account for. Here is what ONYX Futures states.

In ONYX Futures's words

Consistency limit: “No single day may count more than 35 percent of your profit target toward it.” onyx-futures.com/…/the-consistency-rule

In ONYX Futures's words

Minimum trading days: “Minimum 5 trading days. A trading day is any day you place at least one trade.” onyx-futures.com/…/profit-target-and-trading-days

Time limit: “There is no maximum number of days. There is no clock on the evaluation.” onyx-futures.com/…/profit-target-and-trading-days

In ONYX Futures's words

News trading: “In the evaluation, close every position at least two minutes before a scheduled tier one release. You may re-enter once prices have settled.” onyx-futures.com/…/trading-around-news

Expert advisors and automated trading: “Automated and algorithmic trading is not permitted in the evaluation. Every evaluation trade must be placed by hand.” onyx-futures.com/…/copy-trading-hedging-and-automation

Copy trading: “Copy trading across your own evaluation accounts is permitted, on any supported platform.” onyx-futures.com/…/copy-trading-hedging-and-automation

Hedging: “Hedging is not permitted, in one account or across several, in the same instrument or a correlated one.” onyx-futures.com/…/copy-trading-hedging-and-automation

High-frequency and latency arbitrage: “Latency arbitrage or quote stuffing” onyx-futures.com/…/prohibited-activity

In ONYX Futures's words

Weekend holding: “In the evaluation, weekend holds are not permitted.” onyx-futures.com/…/hold-times-and-session-close

Overnight holding: “In the evaluation, overnight holds are not permitted. Any position still open at session close is liquidated.” onyx-futures.com/…/hold-times-and-session-close

Each further evaluation passed credits the same live account by that plan's drawdown; the live contract limit follows the total credited.

In ONYX Futures's words

Scaling plan: “Every further evaluation you pass credits the same live account by that plan's drawdown. You hold one live account, not one per pass.” onyx-futures.com/…/how-further-passes-add-up

In ONYX Futures's words

Maximum number of accounts: “You may hold up to six active evaluation accounts at once, capped by your combined drawdown.” onyx-futures.com/…/how-many-accounts

Prohibited instruments: “Stocks, stock options, spot forex, cryptocurrency and CFDs are prohibited. Trading one closes the account immediately.” onyx-futures.com/…/approved-products-and-commissions

Account sharing: “Account sharing, or sharing your credentials” onyx-futures.com/…/prohibited-activity

Resets: “Reset fee: $89 on Static, $79 on EOD, flat at every size.” onyx-futures.com/…/breaching-and-resetting

These were not stated on the pages of ONYX Futures's site we read. They may be published somewhere we did not look, which makes them the questions to put to its support desk before paying.