Evaluations and accounts
Instant funding
A programme with no assessment phase. You buy a simulated funded account and trade it from day one, with no profit target to clear - paid for with tighter risk limits and a lower virtual profit share.
Also called: Straight to funded · No-evaluation funding
GFN’s figure
GFN Instant has no profit target, no minimum trading days and no consistency rule. The trade-off is a 3% daily loss limit, a 5% trailing drawdown, a 70% virtual profit share and withdrawals capped at 2% per cycle above a 3% buffer.
- InstantProfit target
- None
- InstantDaily loss limit
- 3% - the tightest of the three
- InstantVirtual profit share
- 70%
- InstantWithdrawal cap
- 2% per 14-day cycle
In detail
Instant funding,explained
Instant funding removes the assessment, not the risk rules. The firm is exposed from the first trade, so it compensates with a narrower daily loss limit, a drawdown that trails, a cap on withdrawals, or all three.
It suits a trader who has already proven a strategy elsewhere and does not want to prove it again. It suits a trader who needs room for a bad day considerably less.
Worked example
A $100,000 Instant account opens with a $3,000 daily allowance, a floor at $95,000 that trails upward, and up to $2,000 withdrawable per cycle once the account is above $103,000.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Funded account
The account a trader receives after passing an evaluation, or buys directly under an instant programme. At a simulated-funding firm it is a simulated account whose eligible gains can qualify for a real payout.
Withdrawal cap
A limit on how much may be taken out of a funded account in one payout cycle, usually a percentage of the starting balance. Profit above the cap stays in the account or is removed without being paid.
Trailing drawdown
A maximum drawdown whose floor follows the account upward as it makes new highs. The distance between your peak and the breach level stays constant, so every new high moves the stop-out level with it.
Virtual profit share
The compliant name for a prop firm's profit split: the share of virtual profits generated on a simulated funded account that is paid to the trader. The profits are simulated; the payout is real money.
Prop firm challenge
A paid assessment on a simulated account. Reach a virtual profit target without breaking the risk rules and the firm issues a simulated funded account that pays you a share of the gains you generate on it.
Also governed by /rules/withdrawal-cap
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation