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BVI entity match and Labuan name-change discrepancy recorded
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FXVeritas Research Desk
FXVeritas Research Desk maintains broker files from primary and attributable sources. Not a ranking or recommendation.
Methodology review: Research methodology v1 · Last reviewed 23 Aug 2026. Corrections follow the published corrections policy.
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Prop research records
Recorded firm rules and program terms from existing public research. These are source records, not a change history.
All research recordsInstant Funding · Instant Funding GO
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: None
Max daily loss: 4%
Max total loss: Smart 10%
Drawdown type: Trailing (smart)
First payout 14 days then every 7.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · IF1
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: ≥2% to payout
Max daily loss: 2%
Max total loss: 4%
Drawdown type: Static
Account closes 24h after first trade; one payout; best trade ≤15% of total profit.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Instant Funding
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: None
Max daily loss: None
Max total loss: Smart 10% → 5% after +5%
Drawdown type: Trailing (smart)
First payout 14 days after first trade, then every 7. Weekend only with NTWH add-on.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · IF Micro
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: None
Max daily loss: 4%
Max total loss: 6%
Drawdown type: Static
On-demand payouts.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · One-Phase
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 10% (8% add-on)
Max daily loss: 3%
Max total loss: 8%
Drawdown type: Static
Minimum trading days: 3
On-demand payouts.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Two-Phase
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 8% then 5%
Max daily loss: 5%
Max total loss: 10% (addon 12%)
Drawdown type: Static
Minimum trading days: 3
Not merged with Two-Phase Max.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Two-Phase Max
Program-level record; not an exact account-size SKU or a firm-wide rule.
Profit target: 8% and 4% (homepage only)
Homepage-only named product. Not merged into the trading-rules Two-Phase row.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Arbitrage
Firm-level rule; do not assume it applies to every program.
Prohibited
Latency / long-short / reverse / spread arbitrage, gap, tick scalping, toxic flow, and group hedging.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Copy trading
Firm-level rule; do not assume it applies to every program.
Conditional
Allowed between same-owner accounts including other firms. Collusion / shared signals prohibited.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · EA
Firm-level rule; do not assume it applies to every program.
Conditional
Public third-party EAs restricted; first-party allowed (Clarity/One-Phase help).
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Hedging
Firm-level rule; do not assume it applies to every program.
Prohibited
Group hedging prohibited.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · High-frequency trading
Firm-level rule; do not assume it applies to every program.
Conditional
Holds ≤60 seconds or unusually high trades/hour are reviewed.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · IP address
Firm-level rule; do not assume it applies to every program.
Prohibited
Shared IPs between users are prohibited.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Martingale
Firm-level rule; do not assume it applies to every program.
Unknown
About page: martingale rule removed from challenges in March 2025. Current standalone martingale policy is not isolated.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · News trading
Firm-level rule; do not assume it applies to every program.
Conditional
4 minutes before/after major news restricted except listed Micro/IF1/crypto/NTWH/challenge phases.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Overnight holding
Firm-level rule; do not assume it applies to every program.
Allowed
Overnight permitted on the trading-rules page.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · VPS
Firm-level rule; do not assume it applies to every program.
Prohibited
GTC 7.1.13: no Servers/VPS/VPN or shared IPs between users.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rulesInstant Funding · Weekend holding
Firm-level rule; do not assume it applies to every program.
Conditional
Enabled for listed Micro/challenge/NTWH. Flagship Instant: weekend only with NTWH.
Recorded check date: 2026-08-23
Company-published terms do not establish a financial licence, regulatory protection, or independently verified payout performance.
SourceOpen firm rules
Recently checked files
How the desk works
Public file principles
These rules apply to every FXVeritas public research page. They are not a ranking.
- Research Confidence is not a safety rating.
- Regulator verified does not mean a broker is safe.
- Unknown does not mean unsafe. Unverified does not mean fraudulent. Unregulated does not automatically mean a scam.
- Protection unknown does not mean no.
- Commercial or affiliate relationships do not change research labels, verification status, Research Confidence, or editorial conclusions.
- FXVeritas does not recommend a broker because data has been verified.
Checks, changes and publication
A source check records what was examined and when. It is not a publication date, proof of a material change, or a finding that an entity became safer.
A material update needs an exact subject, evidence of what was previously recorded and what is recorded now, source attribution, checked dates and an important limitation. Formatting edits, source-title edits and unchanged rechecks are not material updates.
Where paired historical evidence is unavailable, FXVeritas does not reconstruct it from a current record. UNKNOWN, explicit absence and conflicting evidence remain distinct. A source URL or content-hash change alone does not prove that the underlying fact changed.
Publication decisions must depend on reader value and evidence. Affiliate status, commission, discounts and commercial relationships must not determine a finding or publication priority.
What we research
- Legal entities
- Regulatory licences
- Licence status
- Client protection
- Broker disclosures
- Regulatory actions
- Material changes recorded on file
Source hierarchy
Primary sources are preferred where they can be attributed.
- Regulator registers
- Official corporate registers
- Broker legal documents
- Regulator notices
- Official disclosures
Verification principles
- Unknown is not treated as No
- Unverified is not treated as false
- Brand names are separated from legal entities
- Licences are tracked at legal-entity level where the file supports it
- Commercial relationships do not change research findings
Limits of the file
A recorded check date means that item was reviewed against sources then on file. It does not mean every field is continuously monitored in real time.
A verified licence is a register match for a named legal entity. It is not a finding that the broker is safe.
FXVeritas does not guarantee completeness or accuracy of every public record.
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Prop firm rule guides
- FTMO daily loss: count equity, then check midnight
The daily limit counts open losses and trading costs. A profitable day does not let you carry the same extra loss allowance past the reset.
- FTMO: choose the rules before the account size
FTMO 1-Step has fewer evaluation phases; 2-Step gives a larger daily loss allowance and offers Swing. Neither route makes the displayed CFD balance withdrawable cash.