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Company Overview
Established
Lewis Mansbridge
June 2022
United Kingdom
Platform
MT5
MT4
cTrader
DX Trade
Account Types
Instant
1 Step
2 Step
3 Step
30% off all Challenges
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Firm | Discount | Size | Steps | Profit Split | Profit Target | Max Drawdown | Daily Drawdown | Commission | Leverage | Trust Pilot Rating | Cashback | Buy |
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Instant Funding is a UK-based prop firm founded in 2022 by Lewis Mansbridge, offering traders up to $200,000 in capital after passing their trading challenge. With funding options starting from $10,000, traders can scale their accounts to $400,000 with profit splits starting at 80% for the two-step challenge. Instant Funding stands out for its instant accounts without the need to pass challenges, a helpful support team, and crypto payouts.
Instant Funding has made a name for itself in the prop trading industry, boasting a rating of 4.6 on Trustpilot from over 1,900 reviews. This UK-based instant funding prop firm stands out for its quick funding options, providing a range of challenge methods, including Instant Challenge, 1 Step, and 2 Step accounts. The details and targets for these challenge methods are available in the table above. Plus, don’t miss our instant funding review, which highlights key insights, and be sure to use the Instant Funding discount code 'PROPVATOR' from propvator.com to secure the highest discount available at checkout.
Swing trading is encouraged during the challenge phases, allowing traders to take advantage of market fluctuations over several days. Traders can benefit from the longer holding periods associated with this style. However, once funded, you cannot hold trades over the weekend.
Scalping is a highly active trading style allowed in Instant Funding's models. It involves making numerous trades throughout the day, aiming to profit from small price movements. Scalpers must stay alert and execute trades quickly to maximise profits. Instant Funding supports this strategy, providing traders with the opportunity to capitalise on market volatility with quick execution.
Position trading is another accepted style, focusing on long-term market trends. Traders can hold positions for weeks or even months, relying on fundamental analysis to guide their decisions. This style aligns well with traders looking to capture larger market moves without the need for constant monitoring.
While Instant Funding prop firm offers flexibility, there are specific strategies and practices that are strictly prohibited. Adhering to these rules is crucial for maintaining a funded account and avoiding penalties. We'll go over the prohibited strategies in this Instant Funding review.
Prohibited Strategies
Martingale: This strategy involves increasing the size of a position after a loss, leading to potential over-leverage and significant losses. For example, you have bought 2 lots of EURUSD and the trade is running in loss, if you open another EURUSD position with 4 lots (increasing the size of your position) this will constitute as martingale.
Grid Trading: This strategy involves placing multiple buy and sell orders at regular intervals, which can lead to increased risk exposure.
High-frequency Trading (HFT): Defined as holding trades for 5 seconds or less, HFT is prohibited due to the risks associated with rapid trading. HFT is mostly done with EAs, and this is what most prop firms are against.
Gambling: This refers to excessive leverage use, risking more than 50% of your margin on a single trade. Such actions can result in account resets and significant losses
Major News Trading: This involves trading within an 8-minute window before and after significant news events (4 minutes before and 4 minutes after). Profits made during this window may be deducted from your account, and in rare cases, the account may need to be reset. This rule affects only instruments related to the news event (e.g., EUR news doesn't restrict trading XAU/USD).
Copy Trading Between Accounts: Mirroring trades from one account to another not owned by the same individual is prohibited.
Usage of Public Third-Party Expert Advisors (EAs): The use of non-approved EAs is not permitted, as they can pose risks to account integrity. Remember to check the EA you want to use with Instant Funding support team before you start trading.
Exploiting Inefficiencies of Trading Platforms: This includes practices such as latency arbitrage, reverse arbitrage, gap trading, toxic order flow, account management, tick scalping, and server execution.
Understanding the smart drawdown rules is essential for effective risk management within your trading account. Here’s how it works:
Initial Drawdown
The initial drawdown starts at -10%.
Drawdown Adjustment
Once you achieve a 5% balance gain, the drawdown adjusts to -5% of the starting balance.
You can learn more about Instant Funding's smart drawdown here
Overnight Trading
Holding positions overnight is permissible. However, traders should remain cautious of market conditions that may affect their open positions during off-hours.
Holding Over Weekends
Holding positions over the weekend is enabled for phases one, two, and three of all challenges, as well as swing trading accounts. However, once you are funded, you cannot hold trades over the weekend.
Instant Funding prop firm offers three main trading models: Instant Challenge, One-Step Challenge, and Two-Step Challenge. Each model is designed to cater to different trading styles and preferences, providing flexibility for traders at all levels.
The Instant Challenge is an excellent option for traders who want to start trading immediately without a lengthy evaluation process. This model features:
Payouts: Request your payout 14 days after your first trade, with subsequent payouts every 7 days thereafter.
Profit Target: None.
Daily Drawdown: N/A
Max Drawdown: 10%
Baseline Profit Split: 80%
Scaling: You can scale your account size up to $1.28 million.
Scale Target: 10% gain on your account.
Scaling Speed: The account size doubles each time you scale.
Minimum Trading Days: N/A.
Holding Overnight: Permitted.
Holding Over Weekends: Not Permitted.
The One-Step Challenge is designed for traders who prefer a slightly more structured approach while still benefiting from a quick start. Key features include:
Payouts: Request your payout 14 days after your first trade, with subsequent payouts available every 7 days.
Profit Target: 10%.
Daily Drawdown: 3%.
Max Drawdown: 8%
Baseline Profit Split: 80%
Scaled Profit Split:90%.
Scaling: Available for up to 100% of your starting balance.
Scale Target: 10% gain on your account.
Scaling Speed: You can increase your account size by 25% once every 90 days.
Minimum Trading Days: 3 days required.
Holding Overnight: Allowed.
Holding Over Weekends: Allowed for phase one.
The Two-Step Challenge offers a more comprehensive assessment for traders, allowing for a detailed evaluation of trading skills. This model features:
Payouts: Request your payout 14 days after your first trade, with weekly payouts thereafter
Profit Target: 10% in the first phase and 5% in the second phase.
Daily Drawdown: 5%.
Max Drawdown: 10%
Baseline Profit Split: 80%
Scaled Profit Split:90%.
Scaling: Available for up to 100% of your starting balance.
Scale Target: 10% gain on your account.
Scaling Speed: You can increase your account size by 25% once every 90 days.
Minimum Trading Days: 3 days required.
Holding Overnight: Allowed.
Holding Over Weekends: Allowed for phases one and two.
Scaling allows traders to increase their account size based on performance metrics. Here are the key points:
Eligibility: Achieve a minimum 10% gain on the account.
Method: Utilize 5% of the account’s starting balance for scaling.
Scale Speed: Accounts scale at a speed of x2 (doubling your account size each time you scale).
Maximum Allocation: Up to $2,500,000 with options for increases via support requests.
Eligibility: Achieve a minimum 10% gain on the account after 90 days.
Method: Contact support to scale your account after meeting the eligibility criteria.
Scale Speed: Increase your account size by +25% once per 90 days.
Maximum Allocation: 100% of the starting balance.
The profit split is an essential feature that allows traders to retain a portion of their profits:
Rate: Achieve a 90% profit split for One-Phase, Two-Phase, and Three-Phase challenges
Condition: An overall gain of 10%, with the first trade placed at least 90 days after achieving a 10% gain on a static drawdown account.
The payout structure at Instant Funding prop firm is designed to reward traders effectively. Notable payouts have been issued, with many traders sharing their success stories. Overall, the firm has a good track record for issuing payouts promptly.
Payouts can be made via Direct Crypto and Rise, with a minimum payout threshold of $25.
When trading with Instant Funding prop firm, you have access to several powerful platforms that provide flexibility for your trading style, whether you prefer to trade from a desktop or while on the go using a mobile device. Trading on a laptop is typically better for conducting in-depth analysis, as it allows for multiple charts, detailed market study, and the use of advanced tools. On the other hand, trading on your phone is perfect for tracking trades and monitoring the markets when you're away from your desk, ensuring you can adjust your positions as needed. This is particularly useful for swing traders who may need to keep an eye on trades over an extended period of time without being tethered to their computer.
MT5 is a highly advanced platform that supports multi-asset trading, allowing for complex charting and technical analysis. Traders benefit from a wide range of timeframes, numerous indicators, and the ability to trade multiple asset classes, including forex, commodities, and indices. It also supports algorithmic trading with expert advisors (EAs), offering a robust and customizable trading experience.
cTrader is renowned for its speed, clean interface, and user-friendly design, making it an excellent choice for traders focused on performance and precision. With advanced charting tools and sophisticated risk management options, cTrader is designed for traders who need fast execution and smooth navigation through fast-moving markets.
DX Trade provides a streamlined and intuitive trading experience with a customizable interface that adapts to your trading style. It supports multiple asset classes and is equipped with advanced tools for risk management, making it ideal for traders seeking flexibility and control over their trading environment. The platform is simple enough for beginners but also offers depth for more experienced traders.
By offering MT5, cTrader, and DX Trade, Instant Funding prop firm ensures that traders can choose the platform that best fits their trading strategy, whether they are focused on deep analysis, fast execution, or ease of use.
Instant Funding prop firm offers competitive leverage options depending on the asset class. For forex trading, you can access leverage of 1:100, allowing you to control larger positions with a smaller amount of capital. This is ideal for maximizing gains on smaller price movements. For gold and indices, leverage is set at 1:20, giving you substantial control while maintaining a balanced risk profile. For crypto trading, the leverage is 1:2, reflecting the higher volatility in the crypto markets and ensuring more cautious risk management.
Commissions are calculated per round lot, and they vary by asset class. For forex, the commission is $5 per round lot. Gold trades incur a commission of $2, while indices are also charged at $2 per round lot. Crypto trades have the lowest commission at $1 per round lot.
Instant Funding's user-friendly and fully automated dashboard serves as the central hub for your trading operations. This comprehensive platform offers multiple functionalities designed to enhance your trading experience, providing valuable insights into your progress and helping you stay organised.
The Instant Funding Accounts section in the dashboard provides a clear overview of your active accounts, funding status, and trading metrics. Here, you can easily track your progress, review key performance indicators, and access any instant funding challenges you've opted for. It's designed to help you manage your trades efficiently, ensuring quick access to your account details and any updates on your funding journey.
The Challenges section allows you to seamlessly purchase additional challenges directly within the dashboard. Once selected, these challenges are automatically applied to your account, saving you time and effort. You can also apply the discount code 'PROPVATOR' in this section to get the highest discount available at the time of your purchase.
The Competitions section outlines various competitions offered at any given time. These competitions not only foster a sense of community among traders but also provide opportunities to earn additional rewards or recognition. By participating, you can enhance your trading skills and potentially boost your account balance. This section is updated regularly, so you can always find exciting new challenges to join.
The Downloads section showcases all the trading platforms available for you to download, including links for each application. Whether you’re using a MacBook, PC, iPhone, or Android device, you’ll find everything you need to set up your trading environment seamlessly. This convenience ensures that you can trade anytime and anywhere, aligning with your personal preferences.
In the Leaderboard section, you can view the top-performing traders across each challenge type and account size, as well as overall standings. This feature not only highlights the success of others but also serves as motivation for your trading journey. By observing the strategies and performance of leading traders, you may discover new approaches to enhance your own trading.
The Economic Calendar on the dashboard shows major news events that you can apply to your news trading strategies. This feature provides a streamlined access point to key economic indicators and announcements. Additionally, you can refer to forexfactory.com for a more comprehensive economic calendar. This dual-access approach keeps you informed and allows you to plan your trades effectively around significant market-moving events.
The KYC section enables you to submit your KYC documents and check the status of your submission. This functionality simplifies the verification process, ensuring that your account is compliant with the necessary regulations. Quick and easy access to your KYC status means you can focus more on trading without unnecessary delays.
In the Withdrawal section, you’ll find details about your available withdrawal amount, your account's profit, the portion of profit you keep, and your next withdrawal date. This section also outlines the payout methods available to you, ensuring transparency in your financial transactions. Additionally, you can review the history of your payouts, giving you an accurate picture of your earnings and withdrawals over time.
The Certification section allows you to view your certifications and share them on social media. This feature not only adds credibility to your trading profile but also helps you showcase your achievements to potential clients or collaborators. Sharing your accomplishments can foster connections within the trading community.
Keep in mind, when you first access the Instant Funding dashboard, the most important thing to look for is a consistent upward movement on your equity curve, indicating steady progress over time. Large, sudden fluctuations may signal over-leveraging or poor risk management, which can impede long-term success. The dashboard goes beyond simply tracking your balance; it provides valuable insights for trade journaling, which is essential for growth as a trader.
Without effective journaling, you'll miss critical opportunities to evaluate your strengths and weaknesses, hindering your overall progress. Instant Funding’s overview offers a history of your trades, including the total days since you started, the number of trades executed, and the trades you've won and lost. This information is invaluable for transferring into your own custom journal, such as an Excel spreadsheet, where you can analyze your trades in more detail.
By doing so, you can better assess your performance, identify areas for improvement, and refine your strategies moving forward. Additionally, insights into your highest and lowest performing instruments can guide your focus and help you make informed decisions in future trades. Overall, leveraging the dashboard effectively will significantly enhance your trading journey.
Instant Funding prop firm permits traders from most countries, but there are some restrictions. Traders from the following countries are not allowed to participate: Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen, and Zimbabwe. If you're unsure whether your country is permitted, it is advised to check the full list on Instant Funding's website to ensure eligibility before applying.
Looking to start trading with Instant Funding? Make sure to apply code 'PROPVATOR' at checkout for the highest available Instant Funding discount.
This code ensures you get the best deal available, allowing you to save on fees and boost your capital from the start.
Plus, share Propvator.com with your trading friends so they can also take advantage of exclusive discounts across multiple prop firms, giving everyone the chance to benefit from reduced costs in prop trading
Instant Funding prop firm places a strong emphasis on customer support, ensuring that traders receive the assistance they need when navigating their trading journey. Traders can easily reach out for help through email at support@instantfunding.io or by utilizing the live chat feature on their website. To access the live chat, simply click on the “Company” menu and select “Contact Us.”
One of the standout features of Instant Funding's customer service is its availability in 14 different languages. This multilingual support caters to a diverse range of traders from various backgrounds, ensuring that language barriers do not hinder access to crucial assistance. The supported languages include English, Hindi, Arabic, German, Ukrainian, Spanish, Portuguese, Italian, French, Russian, Japanese, Turkish, Vietnamese, and Indonesian. This commitment to comprehensive support not only enhances the user experience but also fosters a more inclusive trading environment for everyone.
In addition to email and live chat, Instant Funding's customer service can also be accessed through their Discord channel and various social media platforms. However, for quick and efficient support, the best methods remain live chat and email. The support team is responsive and well-trained, ready to assist with any queries or concerns you may have. Whether you have a question about your account, need technical assistance, or require clarification on trading rules, their dedicated team is prepared to help you promptly and effectively. With multiple channels for support, traders can rest assured that help is always within reach.
Instant Funding prop firm is committed to enhancing the trading experience for its users by constantly improving and launching new features. As part of this commitment, three significant upcoming launches are worth highlighting.
First on the list are the integrations with Apple Pay and Google Pay. This development aims to streamline the funding process, making it easier for traders to deposit and withdraw funds swiftly. By using these widely accepted payment methods, traders can enjoy a more seamless financial experience, reducing the friction that often comes with traditional banking methods. This convenience not only saves time but also enhances overall user satisfaction.
The trading education app is another significant product update that will be rolling out in 2024. This app will offer a wealth of resources, including tutorials, articles, and interactive courses designed to elevate traders’ skills. Importantly, it is expected that the app will address the critical aspect of trading psychology, which is often the missing piece for many traders. Understanding one’s emotional responses to market movements and developing a resilient mindset can make a substantial difference in trading success. By addressing this fundamental area, the app aims to empower traders to approach their trading strategies with confidence and clarity.
Lastly, Instant Funding is set to unveil the biggest product update in 2024, which promises to bring significant enhancements to the existing platform. While specific details are still under wraps, traders can anticipate improved functionalities that will elevate their trading experience. The update may include advanced analytical tools, better risk management features, or enhanced user interface designs, all aimed at making trading more efficient and effective.
Instant Funding prop firm has positioned itself as a prominent player in the forex proprietary trading landscape. With its flexible trading styles, user-friendly interface, comprehensive funding models, and robust support systems, it caters to traders of all experience levels. The commitment to transparency, compliance, and community engagement enhances its credibility and appeal.
For traders looking for a reliable prop firm that prioritises user experience and offers quick access to funds, Instant Funding is undoubtedly a good choice. By leveraging the features and benefits it offers, traders can navigate the forex market confidently and effectively, ultimately increasing their chances of success in this competitive environment. Plus, you can use code 'PROPVATOR' for the highest available Instant Funding discount.