Instant Funding is a British prop firm founded in 2021 and now serving more than 25,000 traders. This broker has received 8 industry awards, including "Fastest Growing Firm" in 2023 from "global Brand Magazine". Also, it has a high score of 4.6 out of 5 on Trustpilot. All these things have made this trading firm an attractive one, but are you familiar with its weaknesses? This review will examine the positive and negative points and different parts related to the Instant Funding prop firm.
Instant Funding Prop Firm Company Overview
Instant Funding is a trading firm with a short history alongside a good reputation, serving over 25,000 traders across more than 180 countries. What makes them stand out is their commitment to providing traders with immediate access to capital, allowing them to start trading almost instantly. The company boasts a team of 50 professionals, bringing expertise from top firms in the industry.
Specifications Summary
To give you an overview of Instant Funding, let's break down their key specifications:
Account Currency | USD |
Minimum Price | $69 |
Maximum Leverage | Up To 1:100 |
Maximum Profit Split | Up To 90% Through Scaled Profit Split |
Instruments | Forex, Commodities, Indices, Crypto |
Assets | 40+ |
Evaluation Steps | 1-Phase, 2-Phase, 3-Phase, Instant |
Withdrawal Methods | Bank Transfer And Crypto Via Rise Platform |
Maximum Fund Size | Up To $1.28M |
First Profit Target | From 10% |
Max. Daily Loss | Up To 5% |
Challenge Time Limit | None |
News Trading | Prohibited For Pairs Related To The News |
Maximum Total Drawdown | Up To 10% |
Trading Platforms | Ctrader, Dxtrade, Platform 5 |
Commission Per Round Lot | From $1 |
Trust Pilot Score | 4.6 Out Of 5 |
Payout Frequency | 14 Days For The First, Then Weekly |
Established Country | United Kingdom |
Established Year | 2021 |
Pros & Cons
Like any trading solution, Instant Funding has its strengths and potential drawbacks. Let's impartially examine these to help you see if this broker's worth it:
Pros | Cons |
Instant access to trading capital | Holding positions on weekends not available on instant funding evaluation |
Multiple account types and sizes to choose from | Limited payment method |
High profit split (up to 90%) | News trading is prohibited on related trading pairs. |
Transparent payout process | |
Wide range of tradable instruments | |
Various evaluation models |
Funding & Price
There are usually different funding levels and models for prop firms. Instant Funding broker is no different and offers a variety of funding options. Here's a breakdown of their offerings:
- | Instant Funding | One-Phase | Two-Phase | Three-Phase |
Account Size | From $1,250 to $80,000 | From $10,000 to $100,000 | From $10,000 to $100,000 | From $10,000 to $100,000 |
Price | From $79 to $3,460 | From $79 to $429 | From $89 to $489 | From $69 to $399 |
Firm Registration & Verification
Getting started with Instant Funding is done in a few simple steps. We discuss each step at this section:
- Visit the Instant Funding website and click on "Login" or "Start Trading".
- Click on the "Create an account" link.
- Enter the required details in the form, including name, email address, and country, and create a suitable password.
- Select your preferred account, complete your billing info in the form, and make the payment for your chosen account.
The verification process is typically quick, allowing you to start trading almost immediately after registration and payment. However, be prepared to provide additional documentation if requested, especially for larger account sizes or during the payout process.
Evaluation Steps
While Instant Funding broker is known for its instant capital options, they also offer evaluation-based accounts for traders who prefer a more traditional prop firm model. Here's an overview of their evaluation process on different accounts:
- Instant Funding Accounts: Start trading immediately without evaluation
- One-Phase Challenge: Single evaluation phase with a 10% profit target
- Two-Phase Challenge: Two evaluation phases with 10% and 5% profit targets
- Three-Phase Challenge: Three evaluation phases with 8%, 5%, and 5% profit targets
At the table below, we mention the specifics of each challenge for traders:
- | Instant Funding | One-Phase | Two-Phase | Three-Phase |
Daily Drawdown | - | 3% | 5% | 5% |
Max. Drawdown | 10% | 6% | 10% | 10% |
Baseline Profit Split | 70% | 80% | 80% | 80% |
Scaled Profit Split | 90% | 90% | 90% | 90% |
For all challenges, the scale target is 10%, and the scaling goes up to $1.28M.
Bonuses and Discounts
Instant Funding occasionally offers promotions similar to other brokers. However, at the time of writing this article, it seems like there are not any bonuses available on the website. However, you can check their webpage and official social media channels to get those promo codes before everyone else.
Here are some coupon codes for use on the firm. Examine them and see if they still work:
- FIRST30: 30% discount on trading fees
- BESTSPLIT: 20% discount with 90% profit split
Trading Platforms
Instant Funding primarily supports 3 trading platforms unfamiliar for some traders, but good enough for trading:
- DXtrade: accessible through web, no need for account number, no mobile application
- cTrader: A trading platform with access to indicators and other market tools
- Platform 5
What Instruments & Symbols Can I Trade?
Instant Funding offers a diverse range of tradable instruments, providing the option to pass challenges with different assets:
- Forex: Major and minor currency pairs
- Commodities: Gold, silver, oil, and more
- Indices: US30, US100, IK100 ASX200, etc.
- Cryptocurrencies: Bitcoin, Ethereum, and Litecoin
This firm totally offers over 40 trading assets.
Payment Methods
For payouts, "Instant Funding" supports only 1 method and it's through Rise. Users need to sign up on this platform in order to use it. The choice limit to only one option might be a big obstacle for many traders. However, they have 2 options for the asset type. Both of these are done via Rise:
- Crypto
- Bank transfer
Commission & Costs
Paying attention to commission and fees on a prop firm is necessary since it could cause additional costs. Here's what you need to know about Instant Funding's fees:
- One-time Account Fee: Varies based on account size and type
- Commissions: Round turn commissions apply, varying by asset class, starting from $1 per lot for cryptocurrencies
- Payout Fees: May apply depending on the chosen payout method
Does Instant Funding Offer Vast Educational Resources?
While Instant Funding's primary focus is on providing trading capital, they do offer some educational resources to support their traders:
- Blog Articles: Covering various trading topics and market analysis
- Webinars: Occasional online sessions with trading experts, tutorial videos
- FAQ Section: Comprehensive answers to common trading questions
However, compared to some traditional prop firms, Instant Funding's educational offerings are not as extensive. They prioritize rapid access to capital over comprehensive trader development programs. Traders looking for in-depth educational resources might need to supplement with external sources.
Trust Scores
Trust is paramount in the prop trading industry, and "Instant Funding" has built a solid reputation. In this section, we discuss its score on the Trustpilot platform.
- Users Rating: 4.6 out of 5, over 1,500 reviews
- Around 85% of scores are 5,
- About 9% of the ratings are 4,
- Less than 1% for each of 3 and 2,
- And around 4% of ratings are 1
Based on Trustpilot's data, it takes less than a month for the firm's team to reply to negative comments. However, in the last 12 months, Instant Funding has only replied to 7 out of 72 negative reviews.
Customer Support
A prop firm without quality customer services is not recommended at all, as it is a vital part of every financial firm and platform. Instant Funding provides a limited range of channels and ways for contacting support:
- 24/7 Live Chat: Available for general inquiries, with typical response times under a minute (claimed by the official website)
- Email Support: [support@instantfunding.io] - For account-specific questions, with responses usually within 24 hours
We didn't find any phone number on their official website.
Social Media Channels
Staying connected with their trader community is a priority for Instant Funding. They maintain several active pages on social media platforms:
- Instagram: @instant.funding
- TikTok: @instantfunding_io
- LinkedIn: Instant Funding
- YouTube: Instant Funding Channel
- X (formerly Twitter): @instantfunding_
- Telegram Channel: @instantfundingio
Expert Suggestions
Instant Funding, a firm with positive attributes such as weekly payout, scaling up to $1.28M, profit up to 90%, and, most importantly, instant access to funds, meets the needs of many traders. The minor weakness of using Rise for payouts, among other cons, can be overlooked. Therefore, if you have conducted enough research and confirmed the validity and security of the Instant Funding prop firm, you should start trading in it.
