Do I need to pass a challenge before receiving an Instant Funded Account?
Do I need to pass a challenge before receiving an Instant Funded Account?
No. Instant Funded Accounts have no evaluation stage. You begin directly at Funded level.
Does the Instant Account have a profit target?
Does the Instant Account have a profit target?
No. There is no profit target.
What Instant Account sizes are available?
What Instant Account sizes are available?
$1,000 and $2,000 initial account balances are available.
Is there a Daily Drawdown?
Is there a Daily Drawdown?
No. Instant Accounts have no Daily Drawdown.
What is my Maximum Drawdown?
What is my Maximum Drawdown?
The starting EoD Maximum Drawdown is 5%.
Can my Maximum Drawdown increase?
Can my Maximum Drawdown increase?
Yes. Shield Protection can increase it by up to an additional 2%, allowing a maximum of 7%.
Does open P&L count toward Maximum Drawdown?
Does open P&L count toward Maximum Drawdown?
Yes. Unrealized P&L is included in your account equity and can cause a drawdown breach.
When does the EoD Drawdown move?
When does the EoD Drawdown move?
It is reviewed at 00:00 UTC and can move upward when a new account high has been recorded. It never moves downward.
How many profitable days do I need?
How many profitable days do I need?
Four.
How much profit is required for a day to count?
How much profit is required for a day to count?
At least 1% of your initial balance in closed profit.
Can I trade during high-impact news?
Can I trade during high-impact news?
No. News trading is restricted on Instant Funded Accounts.
Can I hold positions overnight?
Can I hold positions overnight?
Yes.
What leverage is available?
What leverage is available?
Up to 1:75, subject to the applicable instrument.
Can I use all my account balance as margin on one trade?
Can I use all my account balance as margin on one trade?
No. A single trade must not consume more than 70% of the account balance as margin.
Can I use Martingale?
Can I use Martingale?
Martingale/grid behavior is restricted. Following a losing streak, new positions must not exceed 2× the notional size of the largest losing trade in that streak.
Can I copy trades between accounts?
Can I copy trades between accounts?
No. Copy trading and hedging across accounts are prohibited.
Can I use a VPN or VPS while trading?
Can I use a VPN or VPS while trading?
No.
Is there an inactivity rule?
Is there an inactivity rule?
Yes. At least one trade must be executed within every 30-day period.
When can I request my first Reward?
When can I request my first Reward?
After 15 days.
How often can I request Rewards afterward?
How often can I request Rewards afterward?
Every 10 days after the applicable Reward cycle resets.
When do daily Reward withdrawals become available?
When do daily Reward withdrawals become available?
After maintaining the Instant Funded Account in good standing for 60 days.
What is the minimum Reward?
What is the minimum Reward?
$50 or 2% of your initial balance, whichever is greater.
How does Shield Protection work?
How does Shield Protection work?
Every 4th qualifying Reward adds 0.5% Maximum Drawdown protection, up to an additional 2%.
How does Instant scaling work?
How does Instant scaling work?
For every qualifying 5% profit milestone, the account becomes eligible for a $1,000 balance increase at the start of the next Reward cycle.
How large can my Instant Account scale?
How large can my Instant Account scale?
Up to $10,000.
Can I reset a failed Instant Account?
Can I reset a failed Instant Account?
No. Account resets are not available.
Do I receive anything after failing an account?
Do I receive anything after failing an account?
A 10% promotional discount is provided toward a new account purchase.