These Terms of Use govern your access to and use of the services provided by ONYX Prop Futures (ONYX, we, us, or our), including our evaluation programs, simulated trading accounts, and dashboard. By purchasing any ONYX product or creating an account, you agree to be bound by these Terms in full.
1. Nature of the services
ONYX offers simulated futures trading evaluation programs. All trading activity takes place in a simulated environment using paper-trading accounts on the Rithmic platform. ONYX does not manage client funds, route orders to any exchange, or facilitate trading with real capital. Funded accounts, where offered, are simulated and do not represent ownership of actual futures contracts or real financial assets.
2. Eligibility
- 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.
- By registering, you represent that all information you provide is accurate, current, and complete, and that participation is lawful where you live.
3. Pricing and payment
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.
On Sapphire you choose your activation option. You may pay a little more upfront with no activation fee, or pay less upfront and a one-time activation fee from $99 to $139 by size charged only when you pass and your funded account is created. Flex has no activation fee. Activation fees, where they apply, are non-refundable.
4. Refunds
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.
5. Chargebacks and disputes
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.
6. Evaluation rules and conduct
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, or five on Flex.
- 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. 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.
- You may hold up to 10 active accounts at once. Latency arbitrage, account sharing, and exploitation of system errors are prohibited and result in disqualification.
7. Funded accounts
On passing, you receive a simulated funded account: Ruby on the Sapphire track, Flex Funded on the Flex track, or Platinum on the Gold track. You keep up to 100% of your profits, set by the size of each payout request.
Payout requests are approved in under 24 hours. If approval is ever late, $300 is added to your payout. The 40% consistency rule applies at payout on Ruby and Platinum, and before your first payout your balance must reach the published first-payout buffer for your size. Diamond is our live program and is coming soon. ONYX may reduce account size, suspend, or terminate a funded account for rule violations. Funded accounts are simulated.
8. Account resets
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 $89 to $179 by size, and Flex resets scale by account size from $54 to $219. You can reset five accounts for the price of four. Resets are a one-time payment and are non-refundable.
9. Termination
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.
10. Intellectual property
All content, software, trademarks, and materials on the ONYX platform are the property of ONYX Prop Futures. You may not copy, reproduce, or redistribute any ONYX content without prior written consent.
11. Limitation of liability
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.
12. Governing law
These Terms are governed by the laws of the United States. 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.
13. Amendments and contact
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.