Prop Firm Review

Institutional Funding

Broker-backed MT5 prop firm with 1-Step, 2-Step and Instant accounts up to $500K

Institutional Funding is a prop firm operated by Institutional Edge Ltd (BVI, company no. 2181821), with TRDX (PTY) LTD as its technology and execution partner. Traders choose between Instant Institutional, Institutional 1-Step, Institutional 2-Step and Standard 2-Step accounts from $10K to $500K on MetaTrader 5, with a 70% to 100% profit split, raw spreads and a $3 per lot round-turn commission.

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Overall Score

8.4/10

FoundedJan 2025

HQBritish Virgin Islands

CEOBogdan Barbu

Asset TypesForex

Our Take

Institutional Funding runs four MT5 programs: Instant, 1-Step and two 2-Step models, priced from $70 for a $10K account to $2,600 for $500K. Evaluations have no minimum trading days and 365 days per phase. The catch sits on the funded side: leverage drops to 1:30, you need 5 qualifying trading days per 30-day cycle, and each payout is capped at 6% to 10% of the starting balance.

Trading Conditions

Leverage (Forex)

1:100 evaluation, 1:30 funded

Commission

$3 per lot round turn

Instruments

Forex, indices, commodities, crypto

Trading Platforms

MT5

Trading Rules

Allowed

Scalping

Restricted

Expert Advisors (EAs)HedgingCopy tradingHigh-frequency trading (HFT)Arbitrage and tick scalpingConsistency ruleMinimum trading days

Payouts

Max profit split

100%

Reward share

70% - 100%

Payout cycle

Every 30 days

Payment Methods

Credit/Debit Card

Crypto

Withdrawal Methods

Bank Transfer

Crypto

Account Plans

Instant funding1 challenge

Instant Institutional

No evaluation. Leverage 1:30. Netting account, hedging not allowed. 20% consistency rule. Payout cap on Eligible Profit: 6% of starting balance per cycle. The account closes once the maximum cycle reward has been paid.

Start Challenge

$10K$170

$25K$290

$50K$490

$100K$840

$150K$1,100

$200K$1,450

RulesFundedProfit TargetNoneDaily Loss Limit3%Max Drawdown6% (trailing)Min Trading Days5 qualifying days each payout cycleTime LimitNo time limitConsistency Rule20%Days to Payout30Reward Share70% - 100%First Payout30 calendar days after purchase

Start Challenge

1-step evaluation1 challenge

Institutional 1-Step

Leverage 1:100 in evaluation, 1:30 funded. Same 4% daily and 6% static max drawdown in evaluation and funded stages. Funded accounts need 5 qualifying trading days each payout cycle. Payout cap on Eligible Profit: 6% of starting balance in cycle 1, 10% in cycle 2.

Start Challenge

$10K$150

$25K$250

$50K$380

$100K$670

$200K$1,200

RulesPhase 1FundedProfit Target10%NoneDaily Loss Limit4%4%Max Drawdown6% (static)6% (static)Min Trading DaysNone5 qualifying days each payout cycleTime Limit365 daysNo time limitDays to Payout—30Reward Share—70% - 100%First Payout—30 calendar days after the funded account is issued

Start Challenge

2-step evaluation2 challenges

Institutional 2-Step

Leverage 1:100 in evaluation, 1:30 funded. Funded accounts need 5 qualifying trading days each payout cycle. Payout cap on Eligible Profit: 6% of starting balance in cycle 1, 10% in cycle 2. Only model with a $500K size.

Start Challenge

$10K$70

$25K$150

$50K$285

$100K$540

$150K$810

$200K$1,050

$500K$2,600

RulesPhase 1 & 2FundedProfit TargetP1: 10%, P2: 8%NoneDaily Loss Limit4%4%Max Drawdown10% (static)10% (static)Min Trading DaysNone5 qualifying days each payout cycleTime Limit365 daysNo time limitDays to Payout—30Reward Share—70% - 100%First Payout—30 calendar days after the funded account is issued

Start Challenge

Standard 2-Step

Leverage 1:100 in evaluation, 1:30 funded. 5% daily drawdown and a 6% phase 2 target. Funded accounts need 5 qualifying trading days each payout cycle. Payout cap on Eligible Profit: 6% of starting balance in cycle 1, 10% in cycle 2.

Start Challenge

$10K$100

$25K$210

$50K$330

$100K$590

$200K$1,100

RulesPhase 1 & 2FundedProfit TargetP1: 10%, P2: 6%NoneDaily Loss Limit5%5%Max Drawdown10% (static)10% (static)Min Trading DaysNone5 qualifying days each payout cycleTime Limit365 daysNo time limitDays to Payout—30Reward Share—70% - 100%First Payout—30 calendar days after the funded account is issued

Start Challenge

Fees are one-time per evaluation. Confirm current pricing at checkout.

About the ReviewerIndependent review

Alex Firdaus

Head of Media & Lead Reviewer

Alex Firdaus is Head of Media at FinMedia Group and lead editor at FundedTrading.com. He has traded crypto since 2014, through three full market cycles, which is where his interest in funding models and payout mechanics started. Before moving into prop firm coverage he spent close to a decade as a Google search quality rater, with additional experience evaluating results for Bing, then worked in SEO consulting. He has led FundedTrading.com's content and search strategy since 2022, and reads firm rule pages directly rather than working from other reviews. His coverage focuses on drawdown calculation, payout eligibility, consistency rules and prop firm due diligence.

Found an issue?Spot wrong payout stats, rules or prices? Tell us and we’ll verify it.

This review is maintained by the FundedTrading.com editorial team. Scores are based on publicly available data and verified user reports. Payout figures and challenge prices can change, so confirm current terms directly with Institutional Funding. This is not financial advice.

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Institutional Funding

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