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Fundex logoFundex
Instant Funding logoInstant Funding
Headquarters

World Trade Center 200-B, Suite 306, Calle 53 Este, Marbella, Panama City

Top floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia

Country

Panama

Saint Lucia

Foundation

2025

2021

Banned Countries
Pakistan, Afghanistan, Myanmar, Iraq, Somalia, Sudan, South Sudan, Libya, Yemen, United Arab Emirates, North Korea, Iran, Syria, Cuba, Belarus, Russia
Afghanistan, Burundi, Central African Republic, Congo Republic, Cuba, Crimea, Democratic Republic of Congo, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Liberia, Libya, Myanmar, North Korea, Papua New Guinea, Russia, Somalia, South Sudan, Sudan, Syria, Vanuatu, Venezuela, Yemen, Zimbabwe
CEO

Lewis Mansbridge

Assets
Forex, Commodities, Indices, Stocks, ETFs, Crypto
Forex, Indices, Commodities, Crypto
Brokers

Pure Market for CFDs. Bitunix provides the market conditions and pricing for crypto perpetuals traded through Fundex Terminal.

Liquidity Provider

Refund
✗
✗
Platforms
MatchTrader, Propietary Platform
Metatrader 5, cTrader, DXTrade, MatchTrader
Payout Methods
Rise
Rise, Crypto
Payment Methods
Card, Crypto, ApplePay, GooglePay
Skrill, Neteller, Crypto, Card, ApplePay, GooglePay
Payout Frequency

On demand, with no fixed windows, waiting periods or limit on request frequency. Fundex states that most requests are processed within 60 minutes and all within a maximum of 24 hours, including weekends and public holidays.

IF Evolve

On-demand payouts once the funded-stage eligibility requirements are met.

Instant Funding

First withdrawal after 14 days from your first trade; then every 7 days after each new trade.

Instant Funding GO

First withdrawal after 14 days from your first trade; then every 7 days after each new trade. Minimum withdrawal: $25.

Instant Funding Micro, One-Phase Micro, Two-Phase Micro, One-Phase & Two-Phase

On-Demand Payouts, withdraw anytime once eligible.

IF Micro Clarity

On-demand payouts, withdraw anytime once eligible.

One-Phase Clarity

First payout on-demand once the 1.5% minimum is reached; then every 7 days.

Instant Funding Clarity

First withdrawal after 14 days from your first trade; then every 7 days after each new trade.

Crypto Weekend Trading
✓
✓
Maximum Withdrawal

No published maximum.

IF Evolve

  • Maximum 50% of account profit per payout
  • Maximum $2,000 per request
  • Maximum 5 payouts per account
Minimum Withdrawal

$50

IF Evolve

  • $250

Other accounts

  • $25
Forex
100:1

IF Evolve

  • 30:1

Other accounts

  • 100:1 (30:1 with news trading add-on)
Metals

CFDs: up to 20:1. Fundex Terminal: 1:1 or 2:1, depending on the instrument.

20:1 (8:1 with news trading add-on)

Energies
20:1

20:1 (8:1 with news trading add-on)

Indices
20:1

20:1 (8:1 with news trading add-on)

Stocks
1:1
Crypto

Up to 4:1 on BTCUSDT and ETHUSDT; up to 2:1 on other cryptocurrencies, with some instruments limited to 1:1.

2:1 (1:1 with news trading add-on)

Crypto
0.02% - 0.06%
1 / lot
Forex
5 / lot
Metals
5 / lot
Energies
2 / lot
Indices
2 / lot
Commission-Free Option
✓
Add-ons
✗
✓
Instant
✗
✓
One Step
✗
✓
Account scaling
✗
✓
Two Steps
✓
✓
Max Drawdown
  • 2-Step Classic: Evaluation uses a 10% static maximum drawdown from the starting balance, measured on equity and reset when Phase 2 begins. Once funded, a 10% drop from the original balance while in B-Book causes a permanent breach.
  • 2-Step Pro: 8% static maximum drawdown.

IF Evolve

  • End-of-Day trailing drawdown. It updates at 17:00 EST from the highest recorded end-of-day balance, only moves upward, and locks permanently at the starting balance.

Instant Funding, Instant Funding GO & Instant Funding Clarity

  • Smart Drawdown. Starts at –10% and shifts to –5% once you gain 5%. After that, the drawdown stays fixed at –5% of your starting balance, no matter how much you profit.

IF Micro Clarity & One-Phase Clarity

  • 6% trailing drawdown of the starting balance. Trails off closed trades only and never decreases.

Rest of accounts

  • Static
Profit Split

2-Step Classic starts at a 70% trader profit split. 2-Step Pro starts at 80%. The split applies to eligible A-Book profits generated above the starting balance and after clearing any prior B-Book offset; on 2-Step Pro it is calculated when the payout is requested. Fundex's legal terms state that payments are discretionary bonuses rather than a fixed contractual split.

Instant Funding, Instant Funding GO, Instant Funding Micro, One Phase, One Phase Micro, Two Phase, Two-Phase Micro, IF Micro Clarity, One-Phase Clarity, Instant Funding Clarity

  • 80%

IF1

  • 90%

One-Phase, Two-Phase, and Two-Phase Micro Challenges

  • Trade for at least 3 months and achieve a profit of 10% or more
  • Contact support to request a review of your results
  • Once verified, your profit split will be increased to 90%

Clarity (Micro Clarity, One-Phase Clarity, Instant Funding Clarity)

  • Up to 90% with the +10% profit split add-on
Free Trial
✓
✓
Profit After Breach

Evaluation: reaching the daily or total loss threshold causes a breach. Funded: permanent breach follows four consecutive unrecovered B-Book switches, or a 10% decline from the original balance while the account is in B-Book.

dailyDrawdown

Evaluation: 5%, recalculated at 00:00 UTC from the balance at that time and measured on equity. There is no daily loss limit at the funded stage.

IF Evolve

  • No Daily Loss limit during either the Challenge or Funded stage.

Instant Funding & Instant Funding GO

  • Highest balance or equity recorded at the end of the day (EOD high-watermark)

IF Micro Clarity

  • 3% of account value/day. Daily reset at 17:00 EST, recalculated on the higher of balance or equity.

One-Phase Clarity

  • 4% of account value/day. Daily reset at 17:00 EST, recalculated on the higher of balance or equity.

Instant Funding Clarity

  • No daily drawdown
Three Steps
✗
✗
Max Allocation
400,000

Combined total starting balance of up to $940,000 across all programs (Challenge, Instant Funding, Instant Funding GO and IF Micro). Clarity accounts (IF Micro Clarity, One-Phase Clarity) have a combined cap of $1,000,000. Only starting balances count — scaling does not count toward the limit.

Maximum Accounts

Multiple evaluations and accounts are allowed. Total funded allocation is capped at $400,000.

IF Evolve

  • Up to 5 active Evolve accounts at the same time
Merge Accounts
✓
✗
Maximum Trading Days

No maximum time limit.

  • IF1: 24 hours
  • IF Micro Clarity & One-Phase Clarity: Unlimited
  • Rest of accounts (including Instant Funding GO): Unlimited
Minimum Trading Days
  • 2-Step Classic: 5 days in each evaluation phase. To count, at least one trade must be opened with a notional value of at least 5% of the account balance before leverage.
  • 2-Step Pro: No minimum trading days.

Instant Funding, Instant Funding GO, Instant Funding Micro, IF1, IF Micro Clarity, One-Phase Clarity: No minimum

  • One Phase, One Phase Micro, Two Phase, Two-Phase Micro: 3 days
Monthly Competition
✗
✓
Account Reset
✗
Points Reward Program
  • You earn 1 point for every $1 spent and you can use points to obtain promotional codes with discounts up to 50%.
  • You earn 10% of the final value (after discounts) in points for every purchase.
Minimum Profitable Days

IF Evolve

  • 5 profitable days of at least 0.25% to pass the Challenge
  • Another 5 qualifying days are required for each funded payout

IF Micro Clarity

  • 5 profitable trading days per payout cycle, each generating at least 0.5% profit. The count resets after every successful payout.
Expert Advisor (EA)
✓
✓
VPN
✗
✓
Hedging
~
✓
Requires Stop Loss
✗
✗
Scalping
~
✓
Stacking / Layering (DCA)
✗
✓
allowsMartingale
✗
✓
Maximum Risk Limit
~
✓
Copy Trading
✗
✓
News Trading
✓
~
Consistency Rule
✗
✓
Hold Weekend
✓
~
Prohibited Strategies
  • Latency arbitrage, spike catching and tick manipulation
  • Exploiting errors, price-feed delays or technical malfunctions
  • HFT inconsistent with realistic retail trading
  • Martingale, grid and all-in betting
  • Hedging or arbitrage across accounts or firms
  • Copy trading, replicated signals and self-copy trading
  • Front-running and use of non-public information
  • Market manipulation, order spamming and toxic flow
  • Materially changing strategy after passing the evaluation
  • Gambling behaviour, overleveraging or correlated position stacking
  • Latency Arbitrage
  • Tick Scalping
  • Account Arbitrage
  • Exploiting platform glitches
  • Reverse Trading
  • Group Hedging
  • Group Copying
  • Account Management
  • High-Frequency Trading (HFT)
  • Third-Party EAs
  • Account Churning (Rolling)
  • One-Sided Bets
  • Grid Trading
  • Overleveraging
  • Gambling
hasInactivityRule

60 days

allowsWeekendHolding
~

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