Overview of Instant Funding Prop Firm
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TheTrustedProp
Date: August 22, 2024
Instant Funding is a proprietary trading firm that was launched in June 2022. The company, officially named Acello Ltd, is based in London, England, with its office located at 30 Old Bailey, London, EC4M 7AU. The CEO of Instant Funding is Lewis, and the company is registered under the number 12696083.
Instant Funding and Challenge Offers
Instant Funding has created a variety of trading challenges to cater to traders of all levels. These challenges allow traders to prove their skills and earn funding to trade larger accounts. There are four main types of challenges offered: Instant Funding, One-Phase Challenge, Two-Phase Challenge, and Three-Phase Challenge.
Instant Funding Program
The Instant Funding Challenge is designed for traders who want immediate access to trading capital without having to meet specific profit targets. After placing your first trade, payouts are available 14 days later, and then weekly. There's no profit target, but the maximum drawdown allowed is 10%. The profit split starts at 70%, and there's no scaling of profit splits. However, you can scale your account up to $1.28 million by meeting the 10% scale target. The account size doubles each time you scale. There are no minimum trading days, and while you can hold positions overnight, holding them over weekends isn’t allowed. Leverage is up to 1:100, and account sizes range from $1,250 to $80,000.
One-Phase Challenge
In the One-Phase Challenge, traders need to hit a profit target of 10%. You can withdraw profits 14 days after your first trade and then weekly. The challenge includes a 3% daily drawdown limit and a 6% maximum drawdown. The starting profit split is 80%, with the potential to scale up to 90%. Your account balance can grow by 25% every 90 days as long as you maintain a 10% profit target. There’s a minimum of 3 trading days required, and you can hold positions overnight and over weekends during this phase. Leverage is set at 1:100, and account sizes range from $10,000 to $100,000.
Two-Phase Challenge
The Two-Phase Challenge requires traders to meet profit targets in two stages: 10% for Phase 1 and 5% for Phase 2. Payouts follow the same schedule as the other challenges, with profits available 14 days after your first trade and then weekly. The daily drawdown limit is 5%, with a maximum drawdown of 10%. Traders start with an 80% profit split, with the chance to increase it to 90%. The account can be scaled by 25% every 90 days, given that you meet a 10% profit target. This challenge requires a minimum of 3 trading days, and traders can hold positions overnight and on weekends. Leverage is up to 1:100, with account sizes from $10,000 to $100,000.
Three-Phase Challenge
The Three-Phase Challenge is more comprehensive, with profit targets set at 8% for Phase 1, 5% for Phase 2, and another 5% for Phase 3. As with the other challenges, payouts can be requested 14 days after your first trade and then weekly. The daily drawdown is capped at 5%, and the maximum drawdown at 10%. Traders begin with an 80% profit split, which can scale to 90% as they progress. The account balance can increase by 25% every 90 days if you maintain a 10% profit target. A minimum of 3 trading days is required, and positions can be held overnight and on weekends throughout the challenge. The leverage is set at 1:100, with account sizes ranging from $10,000 to $100,000.
Why Choose Instant Funding?
Instant Funding is all about supporting traders. The firm offers fast execution, quick payouts, and around-the-clock customer support. With over 25,000 traders in 180+ countries, Instant Funding has made a name for itself in the trading world. The firm has also earned eight industry awards, showcasing its reliability and effectiveness.
Trading Platforms and Programs
Instant Funding provides several platforms for trading, including Platform 5, DXtrade, and cTrader. These platforms are designed to be user-friendly and offer everything a trader needs to succeed. The programs available include Instant Funding, One-Phase, Two-Phase, and Three-Phase challenges, with account sizes ranging from $1,250 to $80,000.
Dedicated Team
The team at Instant Funding is made up of 50 professionals with experience from top companies like HSBC, Deutsche Bank, and KPMG. Their combined expertise helps ensure that traders have the best possible experience.
Payouts and Withdrawal Process
Instant Funding is committed to transparency when it comes to payouts. Traders who follow the rules can expect to receive their payouts either through cryptocurrency or bank transfer. Withdrawals start at $25 and are available 14 days after your first trade, with subsequent withdrawals available weekly. Most payouts are processed within 48 business hours, and many are completed on the same day the request is made.
Diverse Trading Instruments
Instant Funding offers more than 40 trading instruments, including currency pairs, indices, commodities, and cryptocurrencies. This variety allows traders to diversify their portfolios and take advantage of different market conditions.
Smart Drawdown
The Smart Drawdown feature at Instant Funding offers more flexibility compared to traditional trailing drawdown firms. This system starts with a maximum loss of 10%, which stays fixed until you make 5% profit on your account. Once you reach this profit level, the drawdown is updated to 5% of the starting balance and remains there unless you scale your account. This approach gives traders more room to maneuver and reduces the pressure of meeting tight drawdown limits.
Copy Trading and Restrictions
At Instant Funding, traders are allowed to copy trade from their personal accounts or other platforms, but only for their own accounts. Copy trading between accounts not owned by the same individual is not allowed. Additionally, certain trading strategies, like Martingale, are prohibited. This helps maintain fairness and integrity in trading.
Conclusion
Instant Funding has quickly become a leader in the proprietary trading industry. With its diverse range of challenges, transparent payout processes, and strong support system, it offers a solid platform for traders looking to grow. Whether you're a beginner or an experienced trader, Instant Funding provides the tools and opportunities you need to succeed in the competitive world of trading.