iFunds Forex prop firm review

iFunds Forex prop firm review

iFunds prop firm offers funded account challenges, and there are several funded account types such as beginner, advanced, and guru. The beginner account offers funded options from 2.5k to 10k USD, advanced from 25k to 85k, and Guru from 150k to 500k USD. Traders can access the advanced MetaTrader 5 (MT5) trading platform, and profit sharing is 50%. All challenge accounts are instant accounts, meaning traders do not need to hit the profit target, and they get funded right away after purchasing the account. 

In this iFunds review, we will assess the firm’s critical features, such as safety, rules, funded options, assets, platforms, support, and more. 

Safety of iFunds

There are no iFunds reviews on the FPA as the firm is super young. On Trustpilot, the firm has few reviews, which makes it difficult to evaluate what traders experience with the firm products. When it comes to experience, the firm was launched in 2024, which makes it very inexperienced in the prop trading sector. The firm does not provide any information about its partnership with brokers, which makes us think it is not partnered with regulated financial brokers, which is also a red flag.

Overall, the firm gets a 0 score in this section as it lacks safety, experience, and trader reviews.

iFunds Funding and maximum capital allocation

iFunds funded program is just one instant challenge, which is divided into several accounts depending on the range of funding options. The beginner iFunds funding options include 2,5k, 5k, and 10k USD amounts. The advanced challenge includes 25k, 50k, and 85k USD, and the Guru challenge offers 150k, 250k, and 500k accounts. All iFunds challenges are instant accounts, meaning traders do not need to hit the profit target, and they get access to funded trading immediately. Other types of challenges are not offered, which makes it expensive to sign with this firm. 

iFunds scaling plan allows traders to grow their instant account and trade with an even higher balance. Overall, the firm gets a 3 score in this section. 

iFunds Assets

iFunds prop trading assets only include Stocks, Forex, and cryptocurrencies. There are no other asset types offered, such as commodities and indices, which is a big downside for the firm. The leverage is capped at 1:100 which is more than enough to access serious buying power. The firm gets a 3 score in this section. 

iFunds Trading rules and limitations

iFunds rules seem simple at a glance. The firm does not require profit targets, as it only offers instant challenges. There is no daily loss limit and the maximum drawdown limit is 10% which is actually very competitive. News trading, Expert Advisors, 3rd party EAs, weekend holding, hedging, trader copiers, 3rd party trade copiers, and multiple IP addresses are all allowed by the firm. 

Overall, the firm gets a 2 score in this section. 

iFunds Fees

The pricing at iFunds is expensive as the firm only offers instant funded accounts. The smallest price starts at 250 USD for the 2,500 USD instant funding option, which is expensive. Many firms offer instant accounts at cheaper prices, and this price is very high. Let’s list all one-time fees for each funding option:

  • Funded amount: 2,500 USD - One-time fee: 250 USD
  • 5k USD - 400 USD
  • 10k USD -700 USD
  • 25k USD - 1,600 USD
  • 50k USD - 3,000 USD
  • 85k USD - 5,000 USD
  • 150k USD - 8,500 USD
  • 250k USD - 15,000 USD
  • 500k USD - 30,000 USD

Spreads are not zero, which is a downside for the firm. Pricing is expensive as there are no choices for below 100 USD options. 

iFunds free trial is not offered and the iFunds free repeat is not available either, which is a downside. 

The firm gets a 1 score in this section for having expensive fees. 

iFunds Platforms

The firm allows access to MetaTrader 5 (MT5) which is an advanced trading software. The platform supports both custom indicators and Expert Advisors. Mobile trading is available via the MT5 mobile app.

The firm gets a 5 score in this section for offering advanced platforms. 

iFunds Profit-Sharing

iFunds profit split is 50% as all funded accounts are instant funding types. Instant funded accounts typically have lower payouts, unlike other types. Payouts are fast under 24 hours and traders can request payouts at any time, which is attractive.

Overall, the firm gets a 2 score in this section.

Education and trading tools at iFunds

The firm lacks comprehensive educational resources such as webinars, video guides, or trading courses. There is no trading blog either, which is also a big downside for traders. 

As a result, the firm gets a 0 score in this section. 

Customer Support at iFunds

When it comes to customer support, iFunds only offers live chat and email channels and there is no phone support. The lack of hotline support is typically a red flag. Both the website and support are available in less than 3 languages, which is yet another downside for the firm.

Overall, iFunds gets a 2.4 score in this section. 

Frequently Asked Questions on iFunds

Is iFunds legit?

iFunds scam is less likely but not impossible as the firm is young and has very few reviews on both Trustpilot and FPA platforms.

Is iFunds a good prop firm?

iFunds offers advanced trading on MT5 and instant funded accounts, but high fees, limited assets, and low profit-sharing make it not very attractive. 

What is the iFunds minimum fee?

The minimum fee is $250 for a $2,500 instant funding account.