Terms of Use

ONYX sells futures trading evaluations. An evaluation takes place in a simulated environment using paper-trading accounts on the Rithmic platform. No real capital is at risk in an evaluation, no orders are routed to any exchange, and no live market execution occurs in it.

ONYX is not a broker, dealer, futures commission merchant, exchange, bank, investment adviser, commodity trading advisor, or financial advisor. ONYX does not manage client funds, does not accept deposits, and does not hold customer money. Nothing ONYX provides is investment, legal, or tax advice.

• You must be at least 18 years of age to use the services.
• You must not be a resident of a jurisdiction where participation in simulated trading programs is prohibited. ONYX does not accept residents of countries subject to comprehensive US OFAC sanctions, including Iran, North Korea, Cuba, Syria, Russia, Belarus, Myanmar, Sudan, South Sudan, and Zimbabwe.
• We do not redistribute market data to every country. Separately from the sanctions above, from 1 October 2026 we cannot accept traders resident in Afghanistan, Albania, Antarctica, Belarus, Burkina Faso, Chad, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Djibouti, East Timor, Guinea-Bissau, Iran, Jordan, Lao PDR, Lesotho, Libya, Malawi, North Korea, Palestinian Territory, Republic of the Congo, Rwanda, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Tajikistan, or Yemen.
• By registering, you represent that all information you provide is accurate, current, and complete, and that participation is lawful where you live.

ONYX accounts are sold as a one-time fee. There is no recurring subscription and no monthly billing. Fees are charged in US dollars and processed through PayPal.

Sapphire, Flex, and Gold have no activation fee on new purchases. Legacy Sapphire accounts that were bought with an activation-fee option still pay that fee only when you pass and your funded account is created. Activation fees, where they apply, are non-refundable.

All fees are non-refundable once trading credentials have been issued. Access to your simulated account and dashboard is granted immediately on payment, so all sales are final. If you have not yet received credentials, contact support within 24 hours of purchase.

Initiating a chargeback or payment dispute for a legitimate ONYX charge is a material breach of these Terms. You agree to contact support before opening any dispute. A chargeback opened without first contacting support results in immediate and permanent termination of your account and all associated accounts, and ONYX may pursue recovery of the disputed amount and report the incident to fraud-prevention services.

Sapphire, Flex and Gold are legacy tracks, closed to new purchase. What follows describes them and continues to govern the accounts still open on them. The current product is Express to Live, whose evaluation rules are published at onyx-futures.com/rules and whose live account is governed by sections 7 and 15.

To pass an ONYX evaluation and qualify for a simulated funded account, you must follow all account rules. The full, current rule set is published at onyx-futures.com/rules. In summary:

• Reach the profit target for your account size over a minimum of three trading days on Sapphire or Gold. Flex has no minimum trading days — pass once you clear the target and the 52% evaluation consistency rule.
• Never breach the end-of-day trailing drawdown. Drawdown is calculated at market close, not intraday.
• Observe the 40% consistency rule on Sapphire, Ruby, Gold and Platinum, and the 52% consistency rule during the Flex evaluation only. No ONYX account carries a forced daily loss limit; you may optionally set your own from the dashboard.
• Trade only futures listed on CME, COMEX, NYMEX, and CBOT. Stocks, options, forex, crypto, and CFDs are prohibited.
• Close all positions at least two minutes before scheduled tier-1 economic releases.
• There is no minimum hold time. Microscalping is allowed. Automated trading is not, and overnight or weekend holds are not permitted.
• There is no limit on how many evaluation accounts you may hold at once. Funded accounts are limited to 5 tradable at a time. If you pass another evaluation while holding 5 funded accounts, that funded account is still yours: it is placed on standby and activates automatically, oldest first, as soon as one of your funded accounts closes. Express to Live is separate and is limited to 6 active accounts and $6,000 in combined drawdown. Latency arbitrage, account sharing, and exploitation of system errors are prohibited and result in disqualification.

If you pass an evaluation, ONYX may open an account at a futures commission merchant in ONYX's own name, funded with ONYX's own capital. You trade that account under a limited power of attorney granted to you by ONYX. You are not the account holder. You have no ownership of, title to, security interest in, or claim against the account, its balance, its positions, or any capital in it. Your entitlement is contractual only: a share of net profits, calculated and paid under section 7.

Passing an evaluation makes you eligible for a live account. Before one is opened you meet with ONYX and complete the documentation ONYX requires, which includes a limited power of attorney.

Your share of net profits is 90 percent. ONYX retains 10 percent. You may request a withdrawal 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. Money is sent by ACH bank transfer or by bank wire, domestic or international; payouts are not sent in cryptocurrency.

Your banking details, identity verification and a tax form (a W-9 in the United States or a W-8BEN elsewhere) must be on file before your first withdrawal is released. Verification does not hold up trading. It holds up withdrawals only.

Each evaluation you pass credits the live account by that evaluation's drawdown. Passing more than one evaluation does not open more than one live account.

The risk management standards in this section apply to every ONYX account, on the legacy tracks and on Express to Live alike. Where this section refers to a funded account and to resetting one, that remedy belongs to the legacy tracks; on Express to Live the equivalent decision is taken against the live account under section 7 and the documentation you signed for it.

No ONYX account carries a forced daily loss limit, so the amount you put at risk on any trade is yours to choose. ONYX publishes risk management standards at onyx-futures.com/rules that set the point at which that choice becomes a matter for review. They limit how much of an account's drawdown a single trade or a single protective stop may put at risk, and they compare the risk taken on a funded account with the risk taken on the evaluation that earned it.

Each standard is measured across every account you hold rather than one account at a time, and each is measured as a rate over a stated minimum number of trades rather than as a single incident. One oversized trade is not a breach. The same sizing repeated across your trades, or repeated across several accounts you hold at once, can be. Holding more accounts does not divide these standards between them.

These standards take effect on July 21, 2026 and apply to any trade on your account, including trades made before that date.

If ONYX finds that you have breached a risk management standard or any other trading rule on a funded account, ONYX may decline the payout request affected by the breach, reset the funded account, or both. A funded account reset returns the account balance to its starting balance, whether that is higher or lower than the balance at the time of the reset, clears the account's trading journal, and clears the account's progress toward its payout requirements, including its winning day count, its consistency measurement since the last payout, and its first payout buffer where the account has one. It is not a return to the evaluation phase and no new fee is charged: you keep the funded account, its type, its size, its drawdown, its profit split and its contract limit. The trading journal is archived first and can be restored. The balance change is made at the broker and cannot be undone.

No decision under this section is automatic. ONYX systems produce evidence and a member of the ONYX team makes every decision. ONYX applies these standards using the order records and fill records produced by your trading platform and periodic snapshots of your account balance and open position, on Rithmic accounts only. A protective stop that did not rest at the exchange does not appear in those records and cannot be produced as evidence in your favor. Trading without a resting protective stop, and cancelling a protective stop while a position is still open, are not breaches of these standards, and ONYX does not decline a payout for either of them on its own. Where ONYX holds no records for a period, that absence means the activity is unknown and not that a breach occurred.

ONYX notifies you in writing when a payout is declined or a funded account is reset, and states the standard or rule breached, the trading activity relied on and the dates of that activity. You may appeal by replying to that notice or by emailing support@onyx-futures.com within 3 days of its date. Your appeal is reviewed by a person other than the one who made the original decision, and ONYX does not reset an account while an appeal against that decision is open.

If you breach the drawdown or other evaluation rules, your account is failed. You may purchase a reset to restart at the same account size with your metrics cleared. Sapphire resets run $65 to $170 by size, and Flex resets scale by account size from $69 to $249. You can reset five accounts for the price of four. Resets are a one-time payment and are non-refundable. A reset you purchase is not the same as the funded account reset described in section 8.

Express to Live resets are a flat fee at every size: $89 on Static and $79 on EOD.

ONYX may suspend or terminate your account at any time for violation of these Terms, fraudulent activity, abusive behavior toward staff, chargebacks, or any conduct deemed detrimental to ONYX or its community. No refunds are issued on termination.

All content, software, trademarks, and materials on the ONYX platform are the property of Onyx Futures LLC. You may not copy, reproduce, or redistribute any ONYX content without prior written consent.

To the maximum extent permitted by law, ONYX is not liable for any indirect, incidental, special, consequential, or punitive damages arising from your use of the services. ONYX's total liability for any claim shall not exceed the amount you paid to ONYX in the 30 days preceding the claim.

These Terms are governed by the laws of the State of Illinois, United States, without regard to its conflict-of-law rules. Disputes are resolved through binding arbitration on an individual basis, and you waive any right to participate in a class action or class-wide arbitration against ONYX.

ONYX may update these Terms at any time. Continued use of the services after a change constitutes acceptance of the revised Terms. We notify users of material changes by email or dashboard notice. Questions about these Terms can be sent to support@onyx-futures.com.

ONYX operates one phase. There is an evaluation, and on passing it there is a live account. There is no buffer, no funded stage and no second test, and there is no separate programme you must be selected for.

No live account is opened until the documentation ONYX requires, which includes a limited power of attorney, has been returned and accepted. Until then you have no live account. Placement is also subject to the acceptance of the futures commission merchant at which ONYX holds the account.

ONYX sets the size of the live account and the risk parameters applied to it, and states them to you in writing when the account is opened. Those figures are set by ONYX and are not a payment of, or a substitute for, anything shown in an evaluation. An evaluation balance is not cash and is not owed to you.

The live account is a real brokerage account and losses in it are real. It is held in ONYX's name, and ONYX may close it, reduce it, or withdraw your authority to trade it in accordance with the documentation you sign.

The live account is governed by the documentation you sign for it. Where that documentation conflicts with these Terms, that documentation governs your live account.