An IQF Challenge is the first step of the Evaluation Process. You need to succeed here to advance into the Verification stage. Prove your trading skills and discipline in observing the Trading Objectives.
A Verification is the second and the last step towards becoming an IQF Trader. Once you pass a Verification stage and your results are verified, you will be offered to trade on an IQF Account.
Trade responsibly and consistently and receive up to 90% of your profits. If you consistently generate profits on your IQF Account, we can scale your account according to our Scaling Plan.
Step 1 IQF Challenge |
Step 2 Verification |
Step 3 IQF Trader |
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Trading Period
Peace of mind is essential for optimal trading performance. To avoid unnecessary pressure, our Trading Period is entirely unlimited. At IQ Funding, traders can take all the time they need to achieve their Profit Targets, ensuring a relaxed and focused trading experience.
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Unlimited | Unlimited | Unlimited |
Minimum Trading Days
To fulfill this requirement, you must trade on a minimum of 5 days within the current cycle. Each of these days must include at least one open position. A trading day is defined by the execution of at least one trade. If a trade spans multiple days, only the execution day counts.
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5 Days | X | X |
Maximum Daily Loss
$For instance, in an IQ Funding Challenge with an initial account balance of $200,000, the Max Daily Loss limit is $10,000. If you lose $8,000 in closed trades, your account cannot decline more than $2,000 this day, including open floating losses. This limit covers commissions and swaps.
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$20000 | $20000 | $20000 |
Maximum Loss
$This rule, known as the "account stop-loss," ensures the trading account's equity does not fall below 90% of the initial balance at any time during the account's duration. For an IQ Funding Challenge with a $100,000 balance, the minimum equity allowed is $90,000. This includes both closed and open positions (account equity, not balance). Similar to the Maximum Daily Loss, this rule applies throughout the entire testing period, not just one day, and covers commissions and swaps. The 10% buffer provides traders with sufficient room to demonstrate their account's suitability for investment, while assuring investors that the account's value will not drop below 90%.
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$40000 | $40000 | $40000 |
Profit Target
$Certainly! Here’s an alternate version: In IQ Funding Challenges, the Profit Target is set at 10% of the initial balance and 5% in the Verification. This means achieving a profit from closed positions on the assigned trading account within the unlimited Trading Period. Additionally, to advance to the next phase, all positions must be closed. For instance, in an IQ Funding Challenge with a $100,000 account balance, your profit target is $10,000, then $5,000 in the Verification stage.
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$40000 | $20000 | X |
Refundable Fee The fee is reimbursed to you with the first Profit Split when you become an IQF Trader.
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$1870 | Free | Refund |