Instant Funding Review
Instant Funding offer funded accounts without any challenges, 1:100 leverage, up to 90% profit split and a 100% refundable fee.
Instant Funding are a UK-based business that specialises in giving customers a top-notch instant funding experience. They make sure the procedure is as simple as possible, with no hidden rules or complicated conditions. Complete transparency is provided as they aim to provide a new, reputable name to the growing prop firm market. The main advantage they have over other prop firms is as the name rightly eludes to, instant funded accounts with no risk and a refundable fee if you are a successful trader.
There is no waiting, no obstacles to overcome, and no challenging goals with short deadlines. You only need to choose your account at Instant Funding, agree to the Traders Contract, and start trading. The choices are between the conventional or aggressive account. The main difference between them being the drawdown allowed, speed of scaling and profit share. The price for the account increases depending on how large the initial balance is.
Conventional Account
- Drawdown of 8%
- Fast account scaling (Double your account with every 10% gain)
- 60:40 profit split (up to 90:10)
- Request payouts or scale your account
- Maximum Account size of $1,280,000
- No minimum trading days or time limits
- Trade with 1:100 leverage
- Refundable Fee
| $1,250 | $3,000 | $5,000 | $10,000 | $20,000 | $40,000 | |
|---|---|---|---|---|---|---|
| Target to Scale | 10% | 10% | 10% | 10% | 10% | 10% |
| Profit Split | 60:40 | 60:40 | 60:40 | 60:40 | 60:40 | 60:40 |
| Overall Drawdown Limit | 8% of Initial or Scaled Balance | 8% | 8% | 8% | 8% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Maximum Scale | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 |
| Maximum Profit Split | 80:20 | 80:20 | 80:20 | 80:20 | 80:20 | 80:20 |
| Scaling Method | Account Profit | Account Profit | Account Profit | Account Profit | Account Profit | Account Profit |
| Price | £76 | £215.20 | £295.20 | £588 | £1,159.20 | £2,279.20 |
Aggressive Account
- Drawdown of 5%
- Fast account scaling (Double your account with every 12% gain)
- 50:50 profit split (up to 90:10)
- Simultaneously request payouts and scale your account
- Maximum Account size of $1,280,000
- No minimum trading days or time limits
- Trade with 1:100 leverage
- Refundable Fee
| $1,250 | $3,000 | $5,000 | $10,000 | $20,000 | $40,000 | |
|---|---|---|---|---|---|---|
| Target to Scale | 12% | 12% | 12% | 12% | 12% | 12% |
| Profit Split | 50:50 | 50:50 | 50:50 | 50:50 | 50:50 | 50:50 |
| Overall Drawdown Limit | 5% of Initial or Scaled Balance | 5% | 5% | 5% | 5% | 5% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 | 1:100 |
| Maximum Scale | $40,000 | $80,000 | $160,000 | $320,000 | $640,000 | $1,280,000 |
| Maximum Profit Split | 80:20 | 80:20 | 80:20 | 80:20 | 80:20 | 80:20 |
| Scaling Method | Instant Funding | Instant Funding | Instant Funding | Instant Funding | Instant Funding | Instant Funding |
| Price | £76 | £215.20 | £295.20 | £588 | £1,159.20 | £2,279.20 |
Process
The Instant Funding process is very simple and straight forward. There aren’t multiple challenge phases to work through, rules to catch you out or complex objectives to work around. You just need to choose the account that works best for you, pay and trade, without any unnecessary delays.
The process to opening a funded account goes as follows:
- Select your preferred account sized.
- Sign the trader agreement
- Receive your credentials
- Login and start trading
- Profit and request payouts weekly
- Reach the scaling threshold and double your account
Profit Share
The profit split on the conventional account is 60/40 whilst it is 50/50 on the aggressive account. You can automatically receive a 65/35 profit split when you reach maximum scale. Once you reach the maximum scale on your account and have had 3+ payouts, the profit split goes up to an even more generous 90% which is amongst the highest in the industry. However, Finotive Funding take things even further and offer a maximum 95% profit share.
With the Instant Funding accounts, no profit targets are set. There are no limitations on time either. In order to give prop traders the freedom that they require to trade confidently, they work to remove account limits.
Drawdown
The drawdown on the aggressive account is quite low at 5% whilst there is more room to manoeuvre on the conventional account with a maximum 8% drawdown. You can actually get a larger drawdown by purchasing the same account twice and asking them to merge drawdowns on the accounts to together. This will effectively double the allocated drawdown.
Therefore, the aggressive drawdown becomes 10% and the conventional a generous 16%. Just keep in mind that this will impact your scaling threshold. Aggressive scaling threshold for double drawdown accounts is 24%. Conventional scaling threshold for double drawdown is 20%.
Balance and/or equity are used to calculate drawdown. Like the majority of proprietary trading firms, they place a high focus on risk management, and this is one of the greatest ways to safeguard funds and avoid severe drawdown.
They have no daily drawdown restrictions or limits which can be an advantage if you are using high risk strategies with wide stop losses that are susceptible to drawdowns.
Drawdown remains constant to your scaled or initial balance. When you make profit, it won’t trail. Your equity or account balance cannot be reduced by more than 5% or 8% from the initial or scaled balance. If it does go over these limits, a breach will result.
For instance, a 10% rise would translate to a profit of $1,000. Then, on the same day, you lose this $1,000 profit; nevertheless, because you did not exceed the drawdown, your account will not be in violation.
Trading Days
The drawdown and profit share are around the industry average although they don’t have any minimum days required which puts them ahead of some competitors who require at least 5-10 trading days. Other prop trading firms with no minimum trading days include FundYourFX and FTUK. Overnight trading is allowed as is holding positions over the weekend.
Scaling
The conventional account can be scaled every 10% gain whereas the aggressive account is scaled every 12% gain. Every time you scale, they double your previous account balance. There are no minimum trading days before scaling accounts.
Every account size has its own maximum balance as follows:
- $1,250 > $40,000 (max)
- $3,000 > $98,000 (max)
- $5,000 > $160,000 (max)
- $10,000 > $320,000 (max)
- $20,000 > $640,000 (max)
- $40,000 > $1,280,000 (max)
Conventional uses profit you made to scale the account, meaning you will not be able to request a payout and scale at the same time. On the other hand, the aggressive uses the firms profit to scale, meaning you can request a payout and you can scale at the same time.
Payout
You can request a payout as long as your account balance is higher than the starting/scaled value. regardless of how large or tiny the gain is. Each week, you can make a payout request.
Every week, you can submit a payout request. They make every effort to provide it to you as soon as they can. Payouts are typically handled the same working day, but delays may occur if there is excessive traffic. Please get in touch with support if you haven’t received payment after three business days; there probably was a mistake.
Expert Advisors
Automated trading with expert advisors (EAs) is allowed if they do no harm and are legal. You can use any EA you like as they do not attempt to exploit the platform or services. If they determine that an account is abusing the platform by utilising hazardous EAs like Latency Arbitrage, the account will thereafter be disabled.
Some EAs attempt to exploit proprietary trading firms by placing trades when there is a delay in the data feed or something similar. When this occurs, it is quite clear since the Demo Account has more money than the Real Account that was allotted. It is extremely obvious in the Rules that you will be blacklisted if they discover this, so do not anticipate a payout.
News Trading
Instant Funding do allow news trading but it is important to be wary that trading around major economic events can increase risk of ruin due to increased market volatility.
Refund
The initial fee if completely refundable if you reach the maximum scale. You can also receive a refund if you wish to close your account as long as you are not in drawdown and the account is 14 days old or less.
Brokers
Instant Funding are not a brokerage firm. They only use virtual trading accounts at all stages and never live accounts. They have fully simulated virtual funded accounts with real market quotes from liquidity providers. They may copy trades at their own discretion using aggregated orders via their own algorithm.
Platforms
You can trade on the popular MT4 forex platform by default. MetaTrader 4 is very user-friendly with a fast learning curve and plenty of online tutorials to bring yourself up to speed with the platform is you aren’t already. MT4 is packed with all of the trading tools that you need to conduct in-depth market analysis in order to make informed trade decision. You can get thousands of free and paid tools to enhance the capabilities of the platform. Whatever your trading strategy, MT4 can be customised to your needs.
Upon request, Instant Funding can also provide the newer MT5 platform. This expands on the already excellent MT4 platform with more features and functionality. Whilst MT4 is considered more of a forex trading platform, MT5 can also be used for trading stocks, commodities, indices and other financial instruments. Either way, both of the MetaTrader platforms are the industry standard for retail forex traders looking for a convenient way to trade online across all of their devices.
Instruments
You can trade a variety of financial instruments across various asset classes including forex currency pairs, indices, commodities and cryptocurrency. Trading conditions include tight spreads, low commission fees and rapid trade execution speeds.
| Maximum capital | $1,280,000 |
| Profit split | 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | Yes |
| Free trial | No |
| Maximum leverage | 1:100 |
Overall, Instant Funding have a simple offering when it comes to a prop firm that offers funded accounts without needing to pass any challenges. The trading rules are very straightforward and flexible for all types of trading strategies. The profit share is generous and the drawdown acceptable.
You can increase the account balance via a quick scaling program and also increase the allowed drawdown by merging accounts. The 1:100 leverage is quite high whilst there is a good variety of trading instruments which you can trade via the MT4/MT5 platforms. Instant Funding aren’t as strict on your trading strategy as some other prop firms, but you do need to show excellent risk management.
They could improve by adding some more educational content and even providing challenges for traders who might want to practice their strategies and improve their skills before committing to a funded account. Other than that, they are certainly worth consideration if you are searching specifically for an instant funded account.
