Onyx Futures

Onyx Futures (ONYX) is a simulated futures evaluation firm operated by Onyx Futures LLC, an Illinois limited liability company, under the laws of the State of Illinois. Evaluations run in a simulated environment on paper-trading accounts on the Rithmic platform and are sold for a one-time fee, with no recurring subscription and no monthly billing. The current product is Express to Live; the earlier Sapphire, Flex and Gold tracks are legacy and closed to new purchase. ONYX operates one phase: an evaluation, and on passing it a live account, with no buffer, no funded stage and no second test. That live account is a real brokerage account at a futures commission merchant, held in ONYX's name and funded with ONYX's own capital, which the trader operates under a limited power of attorney rather than as the account holder. The trader's share of net profits is 90 percent, with ONYX retaining 10 percent. A withdrawal may be requested on any day with no minimum number of days between requests, no cap on the amount and a $100 minimum, and every request is reviewed by a person and approved within 24 hours, paid by ACH or bank wire and not in cryptocurrency. The evaluation carries a daily loss limit of 40 percent of the drawdown; the live account has no forced daily loss limit, only an optional one the trader sets and Rithmic enforces at the broker. Accounts run on a Static or end-of-day drawdown, Express to Live is limited to 6 active accounts and $6,000 in combined drawdown, and a reset is a flat $89 on Static or $79 on EOD. Traders can connect through Tradara, the Onyx Platform or Quantower.