Onyx Futures Review: Plans, Rules, and How It Compares

Onyx Futures

Onyx Futures is a United States futures prop firm run by Onyx Futures LLC, an Illinois limited liability company. It sells a single simulated evaluation, and passing it opens a live account at a futures commission merchant held in the firm's own name. The structure is unusual for this industry: there is no simulated funded stage between the evaluation and the live account, no buffer, and no second test. Accounts are sized by risk budget rather than by balance, starting at a $1,000 drawdown for $93, and the trader's share of net profits is 90 percent. This review covers the plans, the rules that apply during and after the evaluation, and how the entry price compares with other futures firms listed on PropFirmMap. Every figure below was read from the firm's own buy page and Terms of Use on 7 September 2026.

Plans and pricing

Onyx sells four tiers, and each tier can be bought on one of two drawdown types. On the EOD type the maximum drawdown trails at the close and never locks. On the Static type it is a fixed floor that does not move. The Static version of a tier costs more and carries a higher profit target, which is the trade for the drawdown never trailing behind a good day.

The firm sizes these products by drawdown, not by account balance. The 25k to 100k figures printed beside each tier are the firm's own words, and the buy page states plainly that the comparison is an approximate industry equivalence and not an Onyx account balance. The drawdown column is the number that governs the account.

Accounts are a one-time fee. The Terms of Use state there is no recurring subscription and no monthly billing, and fees are charged in US dollars through PayPal. A reset is a flat fee at every size, $89 on Static and $79 on EOD. The buy page also offers nine sizes in total, with the tiers between the four presets carrying the same rules.

The rules

During the evaluation, every tier carries a daily loss limit equal to 40 percent of the account's drawdown, which is the $400 to $1,200 column in the table above. There is a consistency requirement of 35 percent of the profit target, and a minimum of 5 trading days. Trading is limited to the contract counts shown, in minis and micros.

Payouts are governed by section 7 of the Terms of Use. The trader's share of net profits is 90 percent and Onyx retains 10 percent. A withdrawal can be requested on any day, there is no minimum number of days between requests and no cap on the amount, and the minimum withdrawal is $100. Every request is reviewed by a person and approved within 24 hours, and money is sent by ACH bank transfer or bank wire. Payouts are not sent in cryptocurrency, and identity verification plus a W-9 or W-8BEN must be on file before a first withdrawal is released.

The live account itself is worth reading carefully before buying. It is opened at a futures commission merchant in the firm's name, funded with the firm's capital, and traded by the trader under a limited power of attorney. Section 7 states that the trader is not the account holder and has no ownership of, title to, or claim against the account or its balance; the entitlement is contractual only. No live account opens until that documentation is returned and accepted, and placement is also subject to the broker accepting it. The current product line is limited to 6 active accounts and $6,000 of combined drawdown.

Execution, routing and market data run through Rithmic, with dxFeed and CME named alongside. The firm's platform page lists three front ends a trader can connect: Tradara, the Onyx partner platform on a Rithmic login, and Quantower.

One evaluation, then a live account at a real broker in the firm's name. There is no buffer, no funded stage and no second test.Onyx Futures buy page

Pros and cons

What works in the firm's favour, on the published terms:

• A 90 percent profit share with no cap on a withdrawal, a $100 minimum, and requests accepted on any day with a stated 24 hour review.
• One evaluation with no funded stage in between, so passing leads to a live brokerage account rather than a second simulated phase.
• A choice between a static drawdown floor and an end-of-day trailing drawdown at every tier, priced separately rather than sold as one model.

What a trader should weigh against it:

• The trader is not the account holder and holds no claim on the live account or its balance. The entitlement is contractual, and a limited power of attorney has to be signed before the account opens.
• Placement is subject to the broker accepting it, so passing the evaluation is a necessary step rather than a guarantee that an account opens.
• Accounts are sized by a $1,000 to $3,000 drawdown. The 25k to 100k labels are the firm's own approximate equivalence, so the buying power is smaller than those numbers suggest at a glance.

How the entry price compares

Onyx sits in the middle of the futures firms listed on PropFirmMap on entry price. The table below uses the all-in entry price for each firm, meaning the cheapest plan with any charged activation fee included, alongside the profit split each firm publishes.

On price alone the four are close enough that the entry fee is not the deciding factor. The structural difference is what separates them: the other three route a passing trader into a simulated funded account with its own rule set, while Onyx routes them into a live brokerage account with the firm's own capital and drops its evaluation rules at that point. That is a different risk and a different set of documents to sign, and it is the part worth reading before comparing the sticker prices.

Verdict

Onyx Futures is a reasonable fit for a futures trader who already trades a consistent size, wants a single evaluation rather than a two-stage programme, and is comfortable trading a live account under a power of attorney in someone else's name. The daily payout terms with no cap and a $100 minimum are a genuine advantage for a trader who withdraws often, and dropping the consistency rule and minimum trading days after the evaluation removes constraints that many firms keep applying indefinitely.

It is a weaker fit for a trader who wants a large nominal account size, since the products are sized by a $1,000 to $3,000 drawdown, or for one who is not comfortable with a structure where the account, its balance and the capital in it stay legally with the firm. Traders in that position should read sections 7 and 15 of the Terms of Use in full before buying, since those sections, not the marketing page, govern what happens after a pass.

Sources, all read on 7 September 2026: the buy page at dashboard.onyx-futures.com/buy, the Terms of Use at onyx-futures.com/terms, and the platform page at onyx-futures.com/platform.