Instant Funding announces the launch of its new product, IF Micro. This service represents an evolution of the company's current funding model, retaining the essence and opportunities that users are already familiar with. The launch of IF Micro is scheduled for next week.
IF Micro offers various account size options with their respective prices. A $5,000 account costs $42. For a $10,000 account, the price is $79. Users can acquire a $25,000 account for $169, or a $50,000 account for $269. Larger account sizes include a $100,000 account for $469 and a $200,000 account for $869.
The new program establishes specific performance targets. The profit target is 4%, while the maximum daily drawdown limit is set at 6%. The maximum total drawdown allowed is 10%. The profit split for traders amounts to 80%.
Regarding trading, IF Micro allows on-demand withdrawals. A minimum of 14 trading days is required. News trading is incorporated into the platform. Leverage is available via an add-on.
Leverage levels vary according to instrument type. For currencies, leverage is 1:100. For commodities and indices, leverage is 1:20. Cryptocurrencies offer 1:2 leverage.
Initially, IF Micro launches without additional add-ons. The company considers the inclusion of these add-ons based on community feedback. Furthermore, a potential synergy between existing PlusPoints and the new IF Micro program is suggested. Next week, with the official launch, more details and a FAQ section are published.
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