We’ve been speaking with the team behind iFunds for around a year and are happy to recommend them to our members.
This firm has some great features and has very few restrictions in place for traders, perhaps the least amount we’ve seen yet.
By providing their traders with complete flexibility over their trading style, they do not need to worry about accidentally breaking a rule or about pay-out denials.
Accounts Overview – Prices and Figures
Below is the account options available at iFunds and their prices. All accounts come with a 10% static max drawdown and 50% profit split as standard. This is customizable however as mentioned later in the article.
Intern | $2,500 | $250 |
Starter | $5,000 | $400 |
Ambitous | $10,000 | $700 |
Pro | $25,000 | $1,600 |
Expert | $50,000 | $3,000 |
Master | $85,000 | $5,000 |
Dubai | $150,000 | $8,500 |
London | $250,000 | $15,000 |
New York | $500,000 | $30,000 |
What Trading Styles Are Allowed at iFunds?
As mentioned, iFunds allows a high degree of flexibility when trading, comparable to trading with your own funds in a brokerage account. The following styles and strategies are all allowed:
Rule | Allowed / Not Allowed |
On top of that, there are no minimum trading days, time limits or consistency rules. You can truly trade however you like. The only exceptions are exploitative and cheating practices that are banned industry-wide, i.e. exploiting a slow data feed or colluding with others
Customisable Profit Split and Drawdown
One unique feature of iFunds is the ability to adjust your max drawdown (which is static) and your profit split.
These are inversely affected, so you increase your profit split by reducing your drawdown and vice-versa.
For example, you can choose a 50% profit split with a maximum drawdown of 10% or a 70% profit split with a 7% max drawdown.
Transparent, On-Demand Daily Payouts with Verifiable Transactions
Most members will know one of the critical factors we consider when partnering with any firm is the payout process. There are several elements of this, including:
- Payout Frequency: IFunds offers unlimited, on-demand payouts. This means you can withdraw your profits whenever you like, even from day one.
- Payout Wait Time: Some firms make traders wait days or even weeks for their profit split. IFunds have committed to a 24-hour guarantee, meaning if you haven’t received your payout in 24 hours, it will be boosted by 10%.
- Payout Reliability: Many firms use hidden or subjective rules to unjustly deny payouts. By removing almost all rules, traders can feel confident their payouts will be received.
The final point I wanted to touch on is transparency. IFunds has created a public payout section where anyone can verify recent payouts on the blockchain. While third parties such as Payout Junction currently offer a similar service, IFunds was among the first to create a dedicated section for this on their own site.
Overall, iFunds scores 10/10 for their payout process.
Other Features offered by IFunds
Here are a few more interesting features of this firm:
- Scaling Plan: You can use profits from your account to move to the next level up, i.e. from $25k to $50k by paying a discounted fee.
- Cashback on every trade ($25,000 and up only): Receive a non-withdrawable cashback amount on each trade closed on the account. This acts to provide a further buffer from the maximum drawdown.
- Public Leaderboard: Get recognised by others in the public leaderboard, which showcases iFund’s best traders.
Exclusive iFunds Promo for Prop Traders Club Members
The team at iFunds has provided us with two great promotions that can be used on any account with this firm.
