iFunds
Plainly static from the initial balance, and there is no evaluation stage for a second rule to hide in — which removes at a stroke the two mechanisms that disqualify most of this register. We had it filed as mixed; that was our imprecision, not theirs.
What holds it back is everything around the rule rather than the rule itself: the scorecard below shows where.
Not enough published data to simulate this firm’s floor.
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
Scorecard
12Trails on daily closes only, then freezes at your starting balance
A named company, but no financial regulator anywhere — or a light-touch one only
A lifetime ceiling, or a rule that can block payment
Every page we read agreed with every other
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
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Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
3/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
3/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishThey state there is none.3/3
“Take your time to develop and execute your trading strategy without the pressure of a specified time limit. Trade at your own pace.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inThey state there is none.2/2
“iFunds doesn't impose any minimum or maximum trading days limit on its funded traders.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“No, iFunds offers instant funded accounts without an evaluation phase. You can start trading on your funded account and receive payouts from day one.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“No, iFunds funded accounts are not subject to any profit targets.”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at all3/3
“The maximum drawdown limit is static and it's calculated as a percentage of the initial balance of the account.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades included1/2
“If the account's equity reaches the Disqualification Equity Level at any time, the account will be disqualified regardless of the closed profit.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.2/2
“iFunds funded accounts are not subject to a daily loss/drawdown limit.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%1/1
“The maximum drawdown (overall loss limit) can be selected by the trader during registration. It ranges from 6% to 10%, and you can set your own Max Drawdown without any extra fees.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“The maximum drawdown limit is static and it's calculated as a percentage of the initial balance of the account.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey state there is none.3/3
“Yes there is no limit on the number of payouts you can receive per day.”The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.3/3
“No, iFunds funded accounts are not subject to consistency rules.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“The iFunds reserves the right to determine, at its own discretion, whether certain trades, practices, strategies or situations are Forbidden Trading Practices.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey state there is none.2/2
“You can receive your first payout from day one. iFunds doesn't impose any payout cycles or waiting periods, all payouts are available on demand.”How long your money is theirs.
Most one withdrawal can pay youThey state there is none.2/2
“There is no limit on how much you can receive per payout.”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountNo such thing in this plan.—
“There is no limit on how much you can receive per payout.”Profit required before the first requestThey state there is none.1/1
“No, iFunds funded accounts are not subject to any profit targets.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou may not open around a release—
“5.11. PERFORM GAP TRADING BY OPENING TRADE(S): WHEN MAJOR GLOBAL NEWS, MACROECONOMIC EVENT OR CORPORATE REPORTS OR EARNINGS (“EVENTS”), THAT MIGHT AFFECT THE RELEVANT FINANCIAL MARKET (I.E. MARKET THAT ALLOWS TRADING OF FINANCIAL INSTRUMENTS THAT MIGHT BE AFFECTED BY THE EVENTS), ARE SCHEDULED; AND”Mandatory stop-lossThey do not say.—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.—
“Holding positions over the weekend is allowed as long as you have sufficient margin to protect your account from off-market gaps.”Leverage1:100 → 1:10by instrument
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by instrument
“Trading Instrument Leverage FX Majors 1:100 FX Crosses 1:100 FX Exotics 1:25 Gold 1:200 Silver 1:100 Spot Indices 1:100 Futures Indices 1:100 Energies 1:100 Cryptocurrencies 1:10”Limit on position sizeThey do not say.—
we read the page that should answer this and it does not
No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“The scaling option will be unlocked as soon as you make a total profit of $50 or more in your funded account.”How large it can get$500,000—
“iFunds offers instant funded accounts starting from $2500 up to $500,000. You can find all available plans on our Pricing page.”Where the path endsat a larger simulation—
“All trading that the Customer performs through the Services is simulated only and the execution of a demo trade within the Services provided shall in no way constitute an instruction to trade in real financial markets or with real currency”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“This iFunds Agreement (the “Agreement”) governs rights and obligations in connection with the use of services provided through the https://ifunds.io website”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“iFunds reserves the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without any compensation.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
whether the account reaches a real market · costs credibility
“When you trade with iFunds, either on a challenge or a funded account, you are assigned a portion of our own capital so you can trade on iFunds’ behalf (directly from our trading pool account).”“All trading that the Customer performs through the Services is simulated only and the execution of a demo trade within the Services provided shall in no way constitute an instruction to trade in real financial markets or with real currency”the payout terms · costs money
“The profit split is up to 80% depending on your selected Maximum Drawdown limit. Here is a list of the available Max DD/Profit Split combinations: Maximum Drawdown Profit Split 10% 50% 8% 60% 7% 70% 6% 80%”“the Customer will be entitled to the predefined Split percentage (50%) of the excess amount (the “Profit”)”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withiFunds Ltd4/4
“iFunds Ltd, a company registered in Saint Lucia, with Registration No. 2024-00154 and registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia”With no named company there is nobody to sue.
Where it is registeredSaint Lucia1/2
“iFunds Ltd, a company registered in Saint Lucia, with Registration No. 2024-00154 and registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration number2024-001542/2
“iFunds Ltd, a company registered in Saint Lucia, with Registration No. 2024-00154 and registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia”What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“iFunds Ltd, a company registered in Saint Lucia, with Registration No. 2024-00154 and registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedThey do not say.0/2
we read the page that should answer this and it does not
Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“All trading that the Customer performs through the Services is simulated only and the execution of a demo trade within the Services provided shall in no way constitute an instruction to trade in real financial markets or with real currency”The question that separates a firm that earns when you lose from one that earns when you last.
The broker or clearer namedNone3/3
“iFunds does not receive or execute in any case, whether directly or indirectly, any trading instructions”Almost nobody names one, because almost no account reaches a market. It adds when present.
Conditions to reach a real marketNo such thing in this plan.—
“All trading that the Customer performs through the Services is simulated only and the execution of a demo trade within the Services provided shall in no way constitute an instruction to trade in real financial markets or with real currency”Promising a route to a real market without publishing the conditions is promising nothing.
We read the rules of every plan it sells and issued a verdict on each one.