Drawdown: Maximum amount you can lose (typically as a percentage). EG. 10% Drawdown. This means you can lose up to 10% before your account will breach.
Daily Loss Limit: This refers to the amount you can lose in one day, only on our Challenge accounts, you can lose 3% in one day on a One-Phase or 5% on a Two-Phase. To learn how this is calculated please visit: https://instantfunding.io/help/how-daily-loss-is-calculated/
Equity: The total value of a Forex trader’s account, including open positions. (Floating Profit and Loss, on top of balance.)
Balance: Total cash available to trade, including all closed-out profits and losses as well as all deposits and withdrawals applied to your trading account.
Withdrawal (Payout): This refers to taking the profit you have earned out of the Demo accounts and into your bank account. This can be done through WISE or Crypto options. For more information: https://instantfunding.io/help/withdrawals/
Scaling: Scaling refers to doubling the account size. This will use 5% of the account’s starting balance. You must have a 10% gain in the account balance in order to qualify for a scale.
Breach: This is what happens when the rules are broken, for example, if your Drawdown falls below the threshold, your account will breach. Therefore it is inactive and cannot be used again. You can purchase a new account from the dashboard.
MT4/5: These are the two trading platforms we currently have available.
Spreads: A spread refers to the difference or gap between two prices. For example on EURUSD, the difference in the price would be considered the spread. The closer the spreads, the better.
If you’re considering creating a new account, rest assured that it’s entirely possible with our platform. However, please keep in mind that this process involves closing your existing account and opening a new one, which incurs additional costs due to our broker’s charges for each trading account creation. There is a $20 fee to swap platforms.
Alternatively, if you finish Phase 1 for example, and you have not yet had your Phase 2 or Instant Funding account credentials, you can email us and we can swap your platform before your account upgrade, this way we can avoid the fee for you.