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Comparison · Forex

Trading styles allowed at Instant Funding and Velotrade

Instant Funding offers a wide range of entry points, from $2,000 "Starter" accounts for $25 to $200,000 challenges, featuring varied drawdown types and on-demand payouts. Velotrade, based in Hong Kong, focuses on a single platform (DXtrade) and static drawdown across its 1-step and 2-step evaluations, with payouts starting at $100. While Instant Funding provides high flexibility in platforms and account models, Velotrade distinguishes itself with a transparent, crypto-focused payout system and access to stocks and ETFs.

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Scalping and Intraday Trading

Both firms allow scalping but impose strict definitions to prevent High-Frequency Trading (HFT).

  • Instant Funding: Permits scalping but prohibits HFT, defined as trades held under 60 seconds or an excessive number of trades per hour. Using cTrader or MetaTrader 5 provides the technical depth scalpers need, though they must watch the "Smart Drawdown" in certain accounts, which can move upward and lock.
  • Velotrade: Allows ordinary scalping but strictly bans tick scalping and latency exploitation. Traders are limited to the DXtrade platform. A major advantage for scalpers here is the static drawdown, which does not trail profit, allowing more breathing room for multiple small positions without the "floor" rising.

News Trading

The approach to high-impact events differs significantly between the two, especially regarding funded stages.

  • Instant Funding: In evaluation phases, news trading is generally free. However, on most funded accounts, traders must either purchase a "Major News Trading" add-on or adhere to an 8-minute restriction window (4 minutes before and after). Violations lead to profit deductions or account breaches after the third strike.
  • Velotrade: Macro news trading is permitted without specific time-window bans. However, for those trading single stocks, positions must be closed 24 hours before and after earnings or ex-dividend events. This makes Velotrade more flexible for Forex news traders but more restrictive for equity traders.

Automated Trading (EA) and API

Traders using bots will find two very different environments.

  • Instant Funding: Fully supports EAs on MetaTrader 5 and other platforms. It is the better choice for those using standard commercial bots bought from marketplaces, as no special bridges are required.
  • Velotrade: While it allows self-built and commercial bots, it offers something rare: REST and WebSocket API access included without extra fees. However, because they only use DXtrade, MetaTrader-based EAs will require a technical bridge or adaptation. Private or bespoke signal services are prohibited.

Copy Trading and Hedging

These strategies are governed by ownership and account-sync rules.

  • Instant Funding: Allows copy trading and hedging. It is more permissive for those wanting to sync trades from external sources or between different firms.
  • Velotrade: Copy trading is only permitted between accounts owned by the same trader. Cross-firm or cross-platform hedging is strictly prohibited. If you hedge between two different firms, Velotrade considers it a violation that can lead to permanent closure.

Swing Trading and Weekend Holding

Holding positions over the weekend depends on the specific account type and assets.

  • Instant Funding: Most accounts (Pro, Lite, One-Phase) require a paid add-on to hold positions over the weekend. Some specific accounts like IF Micro or IF1 allow it by default. The "IF Evolve" model is the most restrictive, automatically closing all positions daily at 17:00 EST.
  • Velotrade: Weekend holding is allowed for Forex by default. For single stocks, there may be specific instrument-based bans or size limits. Traders must pay an overnight funding fee of 0.05% of the notional value, which applies even on weekends for most assets.

If you trade like this

  • If you use MetaTrader 5 and commercial EAs: Instant Funding is the right choice due to its platform support and straightforward EA rules.
  • If you trade Stocks and ETFs with an API: Velotrade is superior, as it offers these assets and free API access, which Instant Funding lacks.
  • If you want a Static Drawdown that doesn't move: Velotrade offers static drawdown on all accounts, whereas Instant Funding often uses trailing or "Smart" drawdowns.
  • If you want the lowest entry cost: Instant Funding wins with its $2,000 accounts starting at $25.

Frequently asked questions

Which firm is cheaper for a $5,000 1-step challenge, Instant Funding or Velotrade?

Instant Funding is more expensive for this specific size, with its "One-Phase Lite" $5k account priced at $119, while Velotrade offers its "PRO 1-Step" $5k account for just $40. However, Instant Funding offers a "Starter" $5k account (Instant Funding) for $38, but it has a much lower profit split of 70% compared to Velotrade's 80%.

Which firm has a more trader-friendly drawdown, Instant Funding or Velotrade?

Velotrade is generally more friendly for risk management because it uses a static drawdown that stays fixed at the starting balance's floor. Instant Funding uses several complex models, including "Smart Drawdown" (which moves up to -5% and then locks) and "Trailing Drawdown" (which follows the balance/equity), making it easier to lose the account during a retracement compared to Velotrade.

Who provides faster payouts and lower minimums, Instant Funding or Velotrade?

Instant Funding offers much faster and more accessible payouts, with a minimum withdrawal of only $25 and "On-Demand" options for many account types. Velotrade requires a minimum of $100 and only allows the first payout after 14 days and a set number of profitable days. Additionally, Velotrade limits the first two payouts to 20 times the challenge fee paid.

Which firm allows more flexibility for news trading, Instant Funding or Velotrade?

Velotrade is more flexible for macro news traders as it does not impose the 8-minute restriction window found in Instant Funding's funded accounts. On Instant Funding, unless you pay for an add-on, you are prohibited from trading 4 minutes before and after major news, whereas Velotrade allows macro news trading freely, only restricting equity traders during earnings reports.

Field by field

Instant Funding and Velotrade, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

63 differences

25%off · Exclusive
Headquarters

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

Hong Kong

CEO

Lewis Mansbridge

Gianluca Pizzituti

Country

Saint Lucia

Hong Kong

Foundation

2021

2025

Banned Countries
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
North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk
Assets
Forex, Indices, Commodities, Crypto
Crypto, Forex, Stocks, Indices, Commodities, ETFs
Brokers

Liquidity Provider

No data
Refund
No
No

No standard fee refund after passing. The terms exclude refunds once the platform is accessed or the first trade is placed, except where required by law.

Payout Fee
No data

Variable network fee, deducted from the withdrawal and shown when requesting it.

Platforms
Metatrader 5, cTrader, DXTrade, MatchTrader
DXtrade
Demo Account
No data
DXtrade
ID-Password
Payout Methods
Rise, Crypto
Crypto
Payment Methods
Skrill, Neteller, Crypto, Card, ApplePay, GooglePay
Card, Crypto
Payout Frequency

IF Evolve

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

Instant Funding Pro

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

Instant Funding Lite

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.

IF Micro Lite

Payouts every 14 days once eligible; Smart Drawdown must be locked.

First, after 14 calendar days from the first funded trade and completion of the required profitable days. Then weekly on request. Paid in USDC or USDT on Arbitrum; each payout is publicly verifiable on Arbiscan.

Payout Guarantee
No data

Processing within 24 hours of approval. Trading is halted during the preceding review, which may take longer during busy periods.

Crypto Weekend Trading
Yes
Yes
Maximum Withdrawal

IF Evolve

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

First and second withdrawals: capped at 20 times the challenge fee actually paid. The excess is forfeited. No cap from the third withdrawal. Full withdrawals only; the starting balance is restored afterwards without moving the drawdown floor.

Minimum Withdrawal

IF Evolve

  • $250

Other accounts

  • $25

IF Micro Lite

  • Net profit of at least 5% of starting balance, before profit split.

USD 100

Forex

IF Evolve

  • 30:1

Other accounts

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

IF Micro Lite

  • 30:1

Evaluation / funded: majors 50:1 / 30:1; minors 30:1 / 20:1; exotics 20:1 / 10:1.

Metals

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

IF Micro Lite

  • 5:1

Evaluation 6:1; funded 5:1.

Energies

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

Evaluation 6:1; funded 5:1.

Indices

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

Evaluation 6:1; funded 5:1.

Crypto

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

Evaluation / funded: BTC 10:1 / 5:1; ETH and SOL 6:1 / 5:1; XRP, HYPE, DOGE, BNB, BCH, SUI, XAUT and ADA 3:1 / 2:1; remaining crypto 2:1 / 2:1.

Stocks
No data

Evaluation 5:1; funded 3:1.

ETFs
No data

Evaluation 6:1; funded 5:1.

Forex
5 / lot
0.004%
Metals
5 / lot
0.01%
Energies
2 / lot
0.01%
Indices
2 / lot
0.03%
Crypto
1 / lot
0.03%
Commission-Free Option
Yes
No
Stocks
No data
0.03%
ETFs
No data
0.03%
Swap Free
No
No

Overnight funding is 0.05% of notional, the same for longs and shorts. Crypto, stocks, indices and commodities: 00:30 UTC, including weekends. Forex: 21:00 UTC, triple on Wednesday and no separate Saturday or Sunday charge.

Account Reset
No

Accounts can't be reset. After a breach, traders must purchase a new account.

No resets or standard free retakes. A failed challenge requires a new purchase.

Add-ons
Yes
  • Allow major news trading and weekend holding

  • Add 10% to profit split

  • +5% Best Day (IF Micro up to $50,000): raises Best Day limit from 15% to 20%

  • Extended 48-hour trading window (IF1 only)

  • Increased best trade limit of 20% (IF1 only)

  • IF Micro Lite: +10% profit split (90%).

Yes

Profit-share upgrade available at purchase. Variants and their prices are shown in the challenges.

Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes

Challenge Accounts + Instant Funding Micro + IF Micro Clarity + One-Phase Clarity

+25% to starting balance every 90 days with 10% profit, up to 2× the original account size.

Instant Funding Pro & Instant Funding Lite

  • Instantly double your account when you reach 10% profit (up to $1,280,000).
  • You keep all profit except 5% of starting balance used for scaling.

IF Micro Lite

  • +25% to starting balance every 90 days with 10% profit, up to twice the original account size.
No

No published scaling plan. Increasing capital requires additional accounts within the maximum allocation.

Two Steps
Yes
Yes
Max 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 Pro, Instant Funding Lite & 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

IF Micro Lite

  • Smart Drawdown locks permanently at -3% of starting balance after a 3% gain in closed-trade balance.

Static against each phase's starting balance, including funded accounts. It does not trail profits or move with payouts. Balance and floor reset at the start of the second phase. Equity reaching or falling below the floor, including floating losses, closes the account.

Profit Split

Instant Funding Pro, Instant Funding Lite, 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
No data
Free Trial
Yes
No

Free read-only DXtrade guest access to view instruments and prices, without trading. Sprint offers challenge prizes, with award-specific profit splits and payout caps.

Daily Drawdown

IF Evolve

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

Instant Funding Pro

  • No daily loss limit.

Instant Funding Lite

  • Recalculated at 17:00 EST on the higher of balance or equity. Breaching the daily limit closes the account.

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

IF Micro Lite

  • Recalculated at 17:00 EST on the higher of balance or equity. Breaching the daily limit closes the account.

Recalculated at 00:30 UTC from the higher of balance or equity at that moment. Floating profit can raise the reference; the resulting floor is monitored against real-time equity. Reaching or falling below it breaches the account.

Three Steps
No
No data
Max Allocation

$1,000,000 combined starting balance across all programs, including IF Micro Lite. Scaled balances do not count toward this cap.

200,000
Maximum Accounts

IF Evolve

  • Up to 5 active Evolve accounts at the same time

One registered profile and verified identity. Multiple challenges and funded accounts may sit under that profile; each is assessed separately and results cannot offset one another.

Merge Accounts
No
No
Maximum Trading Days
  • IF1: 24 hours
  • IF Micro Clarity & One-Phase Clarity: Unlimited
  • Rest of accounts (including Instant Funding Lite): Unlimited

No completion deadline; the inactivity rule still applies.

Minimum Trading Days

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

  • One Phase, One Phase Micro, Two Phase, Two-Phase Micro: 3 days

  • IF Micro Lite: No minimum

Five qualifying days, not necessarily consecutive, per evaluation phase. The count resets on funding and must be met again before the first payout, but not subsequent payouts.

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.
No data
Monthly Competition
Yes
No data
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.

A qualifying day requires net realised profit of at least 0.8% of the starting balance. Days run from 00:30 to 00:30 UTC. Holding a position open does not add days.

Expert Advisor (EA)
Yes
Limited

Self-built or publicly available commercial EAs, bots and AI are allowed in evaluation and funded accounts. REST and WebSocket API included without fee or approval; no FIX or L2/L3 depth through the API. MT4/MT5 EAs need a bridge or adaptation. Private, exclusive or bespoke signals are prohibited.

VPN
Yes
Yes

VPNs, VPSs and IP changes are allowed. Only the verified owner may trade; access sharing remains prohibited.

Hedging
Yes
Limited

Only within the same account. Cross-account, cross-platform and cross-firm hedging is prohibited, including via copiers. First offence involving one trade: trades closed and a one-time warning per user; multiple trades or repetition: permanent closure.

Requires Stop Loss
No
No

Optional. A triggered Stop Loss exits at market and may slip. Stop Limit orders are disabled.

Scalping
Yes

Scalping is permitted, but not HFT. HFT includes trades held under 60 seconds or a high number of trades per hour.

Violations

  • 1-2: Warning + profit deduction
  • 3: Account breach
Limited

Ordinary scalping is allowed; tick scalping, HFT and pricing or latency exploitation are prohibited.

Stacking / Layering (DCA)
Yes
No data
Martingale
Yes

One-Phase, Two-Phase, IF Micro

Martingale is fully permitted. You can add to losing positions and increase lot sizes without restriction.

Instant Funding Pro

Adding to losing positions is allowed, but repeatedly doubling lot sizes after losses is not permitted.

No
Maximum Risk Limit
Yes

Maximum Lot Rule: Full list here

Maximum risk per trade idea , funded accounts

  • General limit: 50% of the account's starting daily drawdown.
  • Instant Funding Pro: 3% of the starting balance.
  • Instant Funding Lite and One-Phase Crypto: 2%.
  • IF Micro, IF Micro Crypto and IF1: 1%.
  • Two-Phase Micro: 2% on accounts up to $50,000 and 1.5% on accounts of $100,000 or more.

Clarity accounts (IF Micro Clarity, One-Phase Clarity)

  • No maximum-risk-per-position rule. Instead, a circuit breaker closes all positions if unrealised losses exceed 1.5% (IF Micro Clarity) or 2% (One-Phase Clarity) of the starting balance. The first breach reduces the profit split to 50%; the second closes the account.

IF Micro Lite

  • Floating losses exceeding 1% of starting balance close all positions and trigger a strike. Account Drawdown and news-window violations share one strike pool: first strike reduces profit split to 50%; second closes the account.
Limited

No general numeric per-trade cap. Leverage, equity limits and the ban on abusive risk still apply. Single stocks have per-company and total exposure limits published on the platform, with possible short restrictions.

Copy Trading
Yes
Limited

Only between accounts owned by the same trader. Public signal services and commercial EAs are allowed without subscriber coordination. Copying other people's accounts, third-party management and private, exclusive or bespoke signals are prohibited.

News Trading
Limited

IF Evolve

News trading is allowed during both the Challenge and Funded stages.

Challenge accounts

One-Phase, Two-Phase → free news trading.

Micro accounts

IF Micro, IF1, One-Phase Micro, Two-Phase Micro → news trading allowed.

Clarity accounts

IF Micro Clarity, One-Phase Clarity → news trading included by default (no add-on required). Straddling prohibited on One-Phase Clarity.

Funded accounts

Instant Funding Pro, Instant Funding Lite, Instant Funding Clarity, One-Phase, Two-Phase → news trading only with the Major News Trading add-on. Two-Phase Micro has news trading enabled by default.

News restriction window

Blocks market orders, pending limit orders, and TP/SL triggers on affected instruments:

  • Funded accounts: 4 min before + 4 min after news (8 min total).

Warning system (funded accounts: One-Phase, Two-Phase, Instant Funding Pro, Instant Funding Lite)

  • Up to 2 warnings with profit deductions for trades made inside the restriction window.
  • 3rd violation = account breach.
  • Profit deductions don't affect daily drawdown, but overall drawdown adjustments still apply.

IF Micro Lite

  • Trading on affected instruments is prohibited within 4 minutes before and after major news. Violations count toward the shared strike pool described under maximum risk.
Limited

Macro news trading is allowed. For single stocks, close from 24 hours before to 24 hours after earnings and ex-dividend events. Close before other corporate actions announced at least one day in advance; reopen when normal trading resumes.

Inactivity Rule

60 days

Deactivated after 30 calendar days without valid activity, counted from assignment or the latest trade close. A trade held at least 60 seconds qualifies; open positions pause the timer and pending orders do not count. One support-requested reactivation is available within six months; afterwards it may be treated as a hard breach.

Consistency Rule
Yes

No payout consistency rule

  • Instant Funding Pro and Instant Funding Lite
  • One-Phase Clarity and Instant Funding Clarity

Best-day / best-trade rule for payouts

  • IF Evolve: the best trading day must not exceed 40% of total profit during both the Challenge and Funded stages.

  • IF Micro, IF Micro Crypto, One-Phase Micro and Two-Phase Micro: the best trading day must not exceed 15% of total profit.

  • IF1: the most profitable trade must not exceed 15% of total profit.

  • IF Micro with the +5% Best Day add-on: 20%.

  • One-Phase and Two-Phase: the best trading day must not exceed 40% of total profit.

  • IF Micro Clarity: the best trading day must not exceed 20% of total profit.

  • IF Micro Lite: best trading day at most 15% of total profit for payout eligibility.

No

No cap on a winning day's share of profit; qualifying-day requirements and prohibited strategies still apply.

Hold Weekend
Limited
  • IF Evolve: Overnight and weekend holding are not permitted. All positions close automatically at 17:00 EST.

  • Instant Funding Pro, Instant Funding Lite: Only allowed with add-on

  • IF Micro, IF1, Two-Phase Micro: Allowed without restrictions

  • IF Micro Clarity, One-Phase Clarity: Allowed without restrictions, no add-on required

  • One Phase, Two Phase: Allowed during evaluation, and during funded phase with add-on

  • IF Micro Lite: Weekend holding is not permitted.

Limited

Allowed, including forex. Single stocks may have size limits, weekend bans or mandatory out-of-hours closure by instrument. Equity limits and overnight costs continue to apply.

Prohibited Strategies
  • 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

Martingale, grid, arbitrage, tick scalping, HFT, latency or error exploitation, private or bespoke signals, account sharing, insider information, coordinated risk elimination and account rolling. Abusive overleveraging, correlated overexposure and repeatedly adding to losing positions are also prohibited. Profits may be removed, payouts withheld or accounts closed.

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