iFUND TRADERS REVIEW

iFund Traders is a prop firm that educates and funds stock and forex traders. The training programs for stock traders give intense training and simulation sessions before traders can access funded accounts. 

The CEO of iFund Traders is Oliver L. Velez. He is a professional trader who has written several trading books and held seminars in various places, teaching people how to trade the stock market. Due to his shining performance, Dow Jones named him “The Messiah of Trading” back in 1999. 

Additionally, he has created many popular YouTube channels that teach people how to trade. Therefore, traders choose to work with his firm to learn some of his successful strategies and trade the markets like Oliver.

Funding for stock traders gives them buying power from $50,000 to $2,000,000. However, the profit share for the lowest program is relatively small for the trade. For the lowest program, you can get a profit split of 20/80, with the firm getting the more significant share. On the other hand, the higher programs can give you a split of 95/5, with the firm getting the smaller share. 

One significant advantage of iFund Traders is that when you start working on a funded account, you receive 100% of the profits until you recover all the money you spent on training. Therefore, at the end of it, the training can be free. 

FUNDING PROGRAM OPTIONS

iFund Traders has several funding options. However, there are three main ones for stock traders including the Master, Pro and Complete Trader programs. Other programs include Trade for Wealth, Live Trading Camp, Mentorship, Swing Prop, Swing Independent and Trading for Kids. 

COMPLETE TRADER PROGRAM

Here, traders get intense training to be successful in the markets. This is the most popular program and costs $2,500. Additionally, traders pay a set-up fee of $125 and a monthly fee of $125. Traders go through the Oliver Velez On-Demand Pro Trading Course, an eight-hour course that covers most of the critical aspects of trading, as shown below. 

After completing the course, traders get at least 90 days of demo trading. Here, they get to practise what they have learnt in the course. Moreover, there is no limit on how long you can take at this stage. 

However, you must make a profit of $3,000 to move to the funded account. After getting a funded account, traders get access to a buying power of up to $500,000. At the same time, the profit split is 40/60, with the firm getting the more significant share. However, traders benefit from trading with institutional fees of 15 cents per 100 shares.

PRO TRADER PROGRAM

The Pro Trader program gives you access to education, trading tools, trading platforms and funding. This program is more expensive than the Complete Trader. Traders pay $6,000 plus the monthly fee. 

Another advantage of this program is that you get institutional commission rates, giving you an edge in the market. You can start trading at the demo level and grow your account to $2,000,000. The profit split here is higher since you get to keep 60%. The education for this program is also more intense and takes longer, giving traders more value.

MASTER TRADER PROGRAM

Finally, the Master Trader program is the most expensive at $10,000 plus the monthly fee. This program has four phases.

• Initiation. The first phase involves intense training. Traders get access to strategies used by Oliver Velez.
• Neophyte. After the training phase comes the neophyte, where you trade on a demo account with guidance. Here, traders must attain a positive balance to move to the next phase.
• Professional. As a professional trader, you get funding and receive 100% of the profits until you recover all the money you paid at the start. Moreover, you get a profit split of 80/20, with the firm getting the smaller share.
• Master Trader. After trading as a profession with good performance, you can move up to the master trader phase. Here, you become a colony leader and get a group of traders to train. Moreover, you get to earn a percentage of all their profits. This increases your earnings.

ADDITIONAL DETAILS

iFund Traders also has other services, including a VIP club.

VIP CLUB

The VIP trading club takes training and trading to the next level. Here, traders get to work with Oliver Velez. However, there is a monthly fee depending on how long you want to work with him.

TRADING JOURNAL PRO

You can also get access to a professional trading journal that tracks your trades and performance. This journal helps you keep good records to track your progress as a trader. However, like everything else, you pay a monthly fee that increases your overall costs with the prop firm.

MARKET’S REPLAY PLATFORM

Finally, Oliver Velez has a market replay platform that gives traders the best place to practice trading. Moreover, they can back-test different strategies before using them in the live markets.

CUSTOMER REVIEWS

iFund Traders has an average score of 2.9 on Trustpilot, with only 23 reviews. This is not the best score. 26% of these reviews are five stars, while 48% are 1-star reviews.

5 STARS

Howard Marks
“I took his basic course over ten years ago, and I liked it< But I got addicted to more education….none of the others made sense to me like Oliver’s….some were total rip-offs…..so I contacted ifundTraders….to see if I could access the old material….they told me he re did all the vids at the end on 2022…so its better organised and newer charts….they gave me free access….very nice!…

Since I finished the material, I am back on my game and doing very well. I do not trade for him. I use TopStep. It costs $50 a month for an evaluation, and once you pass, it costs nothing. There is no reason to pay Valez the big bucks to be one of his traders. Just take his new two-day course, really learn and implement it, then go to Top Step for funding if you need funding.”

Shanu

“I have been following his YouTube for a few years, and decided to try the paid program. Great teachings, after a while, I learned the tools I needed to be successful and slowly flourishing. I went from $10 profit a day to $100 to $1000. The slow, consistent grind kept me going.”

1 STAR

Daniel Hoenecke
“The education is what you pay for, and it’s very lengthy to learn and applying to the market is not easy. He’s not your typical funded trader program. Even if you do make it through the process, you won’t get paid in a timely manner. This should be clear when you sign up for the program. I believe they said it takes 4-6 weeks to be approved for payout. 

And to mention the parameters of the trading you are to follow, make it nearly impossible to succeed in day trading. You’re shut down automatically if you hit your max loss for the day. It does not allow the trade to marinate as market prices fluctuate slightly in either direction. I’ve hit my max loss for the day only to have it come back in profits later. DON’T WASTE YOUR MONEY HERE.”

CONCLUSION

iFundTraders is a great prop firm for those who want to learn a professional’s strategy and apply it to the markets to make money. You get strong buying power with funding that can go up to 2 million dollars for stock traders. However, the fees are high, and the profit split is initially relatively low for the traders.

Trade like Oliver Velez, “The Messiah of Trading,” with up to $2,000,000 in funding for stock traders.