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IQ Capital Review

IQ Capital sells evaluation challenges and Instant Funding for futures, crypto and CFDs, including forex, with simulated infrastructure described in its FAQ. The pricing page advertises a $9 Challenge and displays futures accounts of $50K for $49, alongside $245, and $100K for $95, alongside $475, with the displayed purchase described as a one-time fee. Core, Rapid and Instant Funding are listed, but separate Rapid and Instant prices are not supplied; the FAQ describes Instant Funding as roughly 3-4 times the evaluation price. The FAQ states evaluation targets of 8% for crypto and 6% for futures, while the displayed futures table lists a $3,000 target, $2,000 EOD trailing drawdown and $1,000 daily loss limit for its $50K account. The rules identify maximum position loss as the most frequent breach trigger, require losses including execution costs to stay below the phase-specific limit, aggregate positions in the same market, and describe account closure on the third escalating breach. The FAQ states monthly funded/Instant fees of $5 for Crypto/CFD and $19 for futures, but another FAQ answer lists $39 for futures; no activation fee amount is disclosed, and the displayed challenge table lists a $19 extension fee. The FAQ states that the first payout requires 10 active trading days, subsequent payouts require 10 new active days and at least 50% new profit, and each request is limited to 50% of total profits. Its tiered payout schedule states caps of $1,500/$2,000/$2,500 for $50K accounts, $2,000/$2,500/$3,000 for $100K accounts and $3,000/$3,500/$4,000 for $200K accounts across payouts 1-2, 3-4 and 5 onward, although another answer lists only the initial caps. Most pages promise a flat 90% trader split, but pricing also promises 100% of the first $10,000 and 80% thereafter, while promotional banners offer 100% on the first payout. The imprint identifies a Saint Lucia operator, other disclosures identify a UAE operator, and the Terms impose UAE law, exclusive Dubai courts, non-refundable fees and discretionary suspension or payout forfeiture provisions.