Instant Funded Account Review
Instant Funded Account provide instant funding accounts and single step evaluations. Successful prop traders can keep up to 80% of profits and scale their account up to $1,300,000.
Instant Funded Account, or IFA for short, is a pioneer in assisting traders with funding. They offer some of the most affordable packages on the market, with a straightforward evaluation process. Profitable traders can get funded right away, or take on the one-step evaluation challenge, talk to traders, and learn. IFA has offices in Israel, Dubai, and London. The program, from the very beginning period and throughout the progression, is conducted with capital that is owned and supplied by Tradenet Capital.
Instant Funded Account is aware of the market and does not rely on lost challenges to generate revenue. They rely on the skills of good funded traders. IFA think that everyone should have access to immediate funding without having to pay for evaluations. There are no monthly costs with IFA. They are there to support you and want you to succeed in trading. After all, it is in their interest that traders are successful as they get a share of any profits.
Instant Funding Account
Instant Funded Accounts offer a $14,000 funded trading account. There is no challenge or evaluation phase and no demos. This prop firm provide a real-time trading account with excellent customer support. Aspiring prop trader can get a $14,000 funded trading account for a one-time cost of $349 to trade FX, stocks, and cryptocurrencies. Once they see your trading, they can help traders individually scale up to $1.3 million in capital.
All funded traders can retain up to 80% of profits which is generous, but not quite on par with FTMO who offer an even greater 90% profit share. There is only one restriction: you may lose no more than $700 or 5%. There are no profit targets or minimum trading days. Also, you can keep stock trades without paying any fees for as long as you like! Instant Funded Accounts earn money by taking a percentage cut of all earnings made as the funders of your trading account. The minimum withdrawal amount is $500.
Single Step Evaluation Challenge
If you are not quite ready to hop straight onto a funded account, you can put your trading skills to the test and show them you have what it takes to generate consistent profits whilst using sensible money management. It is only a one-step challenge to get funded, with a simple set of rules. The trading conditions are very flexible and targets achievable. IFA evaluation accounts must endure a complete 45-day trading period in order to move to a live account.
Instant Funded Account have pretty basic guidelines. There is one main rule: Don’t lose more than 5%. There are no profit targets or required minimum trading days; just trade and cash out. However, there are some limitations in terms of your trading strategy which you need to be aware of. Otherwise, you could be in breach of the terms and found your account cancelled.
Trading Strategies
Any trading strategy that does not involve speculation is forbidden. You can day trade, swing trade, and scalp. Also, hold positions and trade news throughout the weekend and at night. Any additional technology, such as EAs and bots, that disrupts the platform’s networking is forbidden.
Although they allow automated trading with prop firm EAs, Hyper-Activity on brokers is forbidden and will result in violation of your evaluation account. Traders using MT4 and MT5 must not use unlicensed EAs belonging to third parties. Martingale is permitted either manually or through the use of an Expert Advisor. The maximum trades permitted is 133 positions per day. There are no minimum trades or trading days requirements for trading.
Any trading strategy known as arbitrage trading, which takes advantage of price differences between comparable or identical assets on multiple marketplaces, is not permitted on the TEFS platform. Copy trading, holding positions overnight and weekend trading is allowed. Stop loss orders are not necessary for any positions in Instant Funded Accounts.
Drawdown
Account termination will happen, and all unrealized positions and orders will be closed by the authorised personnel once the Account Stop out value listed is violated. The drawdown is always 5% which is quite low, so you will require top notch money management.
Scaling Plan
You could quite easily move from a $14,000 to a $28,000 trading account. All it takes is to reach 10% profit and they then scale you. The scaling plan goes all the way up top $1,300,000 for the best traders.
Inactivity
Instant funded traders must demonstrate their activity by making at least 4 deals in a single month in order to continue trading. The account will be stopped or cancelled if it doesn’t fulfil this requirement. The trader may freeze the account for up to two months by giving notice of inactivity, but only once per calendar year.
Refund
They are one of a few proprietary trading firms that have a money back guarantee. Both packages come with a 14-day money back policy if you don’t like it for whatever reason. Simply get in touch with them and they should refund the whole amount without asking any questions.
Brokers
Instant Funded Accounts use one of the best trading brokers in the world, IC Markets. They are regulated in multiple jurisdictions and provide excellent trading conditions. They have deep liuqidity pools which ensures tight spreads and quick execution speeds at the best available prices. The commission fees are good whilst the customer support is prompt and available 24/7 around the clock.
Platforms
The TEFS EVOLUTION platform is used for trading by IFA, who has complete permission to conduct trading during news hours. At the moment, IFA only supports the desktop platform version of the Windows operating system, Mac iOS, and mobile access to Android and iOS.
A fully integrated trading platform, TEFS EVOLUTION was created to outperform in the volatile markets of 2020. It offers traders a wide range of trading attributes, including level 2 quotes, an integrated customizable stock screener, unlimited charts and the ability to open up to 36 charts with a single click, stock lists and the ability to automatically upload the lists, time and sales, a full range of order types, and technical indicators.
It also offers traders lightning-fast trading execution. Also, a Daily High/Low stock list feature that provides quick identification of strong/weak stocks, chart order entry and trade management, and much more, as well as the ability to reverse trades using simply the BUY/SELL buttons. All of that real-time information is accurate and perfectly suited for expert traders.
For Evaluation accounts the trading platform supplied is MT4 and MT5. MetaTrader is a very popular trading platform that is used by millions of retail and professional traders all over the globe. It is fully loaded with a plethora of robust trading tools for conducting market analysis on all of your favourite instruments so that you can make informed trading decisions. Whatever your manual or automated strategy may be, MetaTrader has got you covered.
Instruments
You can trade a huge selection of over 10,000 instruments including all major forex pairs, indices, stocks and crypto. There should be something for everyone to trade, whatever your interests are. Leverage is capped at 1:30.
Trading Room
All funded traders are given access to a live trading room where they can follow professional traders and watch them trade using the IFA platform.
| Maximum capital | $1,300,000 |
| Profit split | 80% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:30 |
Overall, Instant Funded Accounts have a solid offering on paper. The trading objectives are realistic and the rules simple. You can trade a fantastic choice of financial instruments on professional yet user-friendly trading platforms. They accept most trading strategies and have partnered with a leading broker in IC Markets.
If you want to give them a try, there is a 14-day refund policy which you won’t find with many other prop firms. On the other hand, the 80% profit share and $14,000 account size aren’t the biggest you will find. If you can see past these limitations, the IFA prop firm is certainly worth taking a closer look at.
