FAQ

Getting Started
Restricted Countries

We are unable to accept traders from the following countries:

USA
Cuba
Iran
Lebanon
Syria
North Korea
Libya
Russia
Sudan
Somalia

 Traders must be at least 18 years of age and able to complete a KYC identity verification one they pass the evaluation stages. These documents can include drivers license, passport, ID’s, Proof of address documents bank statements, utility bills and more.

Affiliate Program:

We are always looking for amazing partners and we value each one. We have one of the highest industry payouts at a whopping 15% of your clients purchase price. To sign up please click the affiliate sign up link at the top or bottom of our website.

https://irizonefx.postaffiliatepro.com/affiliates/

To download MT5 please find the links here

For funded accounts please use the following link for our servers on Wealthway

https://www.wealthwayinc.com/mt5-desktop

For mobile search in your google or apple app stores.

All trading accounts at IRIZONE are simulated accounts used for evaluation purposes only. No real capital is traded on the client side.

IRIZONE is not a broker and does not provide investment or financial advice. All trading takes place in a simulated environment for the purpose of trader evaluation. Any payouts made to traders are performance-based rewards, not returns on investment. Please ensure you have read and agreed to our Terms & Conditions, Privacy Policy and Refund Policy.

Merging Accounts

At this moment in time we do not support account merging. Each trading account must be traded separate, however you are more than welcome to use a trade copier within your accounts. We will consider allowing merging at a future date.

The maximum amount any trader can manage will be $500,000 USD. This can consist of as many accounts as the trader wishes, but cannot add up to more than $500,000.

Our system currently has no way to detect or block traders from purchasing more than 500K in funding, so the responsibility falls on the trader. If you purchase more than 500K in funding, at the time of withdrawal, our compliance team will verify manually. If you have purchased more than the allowed max funding, your profits on the most recent account that exceed the max funding will be voided, and you will be 100% refunded for the account purchase.

At Irizone, we allow the use of certain Bots & EAs; however, there are certain restrictions on the types of EAs and bots that can be used.

Please note we only allow HFT bots to be used for the challenge phases. If you decide to use HFT bots on your live funded account, your account will be terminated.

Prohibited EA types:

1)News Scalping EA’s: EAs that exist to take advantage of price fluctuations specifically during news events by executing rapid scalping trades.

2)Arbitrage EA’s (Reverse and Latency): EA’s that exist to capitalize on price differences between different markets or brokers, either through reverse trading or latency-related strategies.

3)Multi-Account Reverse Trading EA: Any form of reverse mirror trading that makes the inverse trade from one account to another.

4)Tick Scalping: Bots that trade at extremely high speed based on tick-level price movements.

5)EA’s designed to abuse demo servers: Any EA designed to exploit a demo server environment.

We highly recommend that if you plan to use an EA, it should be your personal EA you have developed, not one that is available mass market. We have a strict copy trading rule, where your trades cannot match the exact trades of another trader, so we recommend you make your EA as unique as possible.

Failure to abide by the above rules will result in account termination.

During all evaluation phases, you may hold trades during news events and open trades when you want during red folder news events.

However, for your funded account, profit from trades that are opened or closed within 10 minutes of a high-impact red folder news event will not be counted.

Red folder news trading within the 10-minute window prior to and after the event will result in profit deductions but will not result in account loss. Profit deductions will be handled upon withdrawal request.

We use Forex Factory as our red folder news reference. In case the news is present throughout the day, we use the MyFxBook format.

There are only a few ways that you can fail the challenge or lose your funded account:

1)Daily drawdown rule: Violating the daily drawdown rule on your account. Please read exactly how our daily drawdown rule works in detail.

2)Maximum Drawdown rule: Violating the max drawdown rule. Please read exactly how our overall drawdown rule works in detail.

3)Participating in a prohibited trading strategy. Please read in detail in the prohibited strategy section.

We understand that copy trading can be a useful tool and have developed the following guidelines:

1)If you want to use a copy trader to send trades into your Irizone account, you must be the owner of the account where the trades are originating from, and it must not be a demo account.

2)You are not allowed to set up a copy trader from an account you do not own, from a friend, business partner, or any other relationship. We will ask for verification and proof of account ownership.

3)Please note we do not accept signal trading. The trades must be your own.

4) You must take into account that the copying tool must have a static IP.

Failure to comply with the above copy trading rules will result in account termination for non-compliance.

There are no restrictions on how long you can hold a trade during the week. However, it is very important you understand that keeping trades open overnight will incur swap fees and be subject to potential spread volatility.

For a limited time only, we are enforcing a consistency rule, since we are allowing traders to pass with HFT bots. Once we no longer allow HFT, we will also remove the consistency rule. Please see below for details.

Traders must participate in a minimum of 5 trading days for each withdrawal.

At the time of requesting a withdrawal, we will review your trading history and adjust your balance for any trades that fall outside of your trading range.

To determine your trading range, you must first calculate your average trade size. Divide the total lot volume you have traded by the number of executed trades to find your average lot size.

Example:

100 total lots traded
50 total trades executed
100 lots divided by 50 trades = Average lot size of 2

Now to determine your average lot size range, check below:

Average Lot Size x 0.25 = Bottom of your range
Average Lot Size x 2.00 = Top of your range

In our example above:

2 x 0.25 = 0.5 Lots
2 x 2.0 = 4 Lots

So your trades must be between 0.5 and 4 lots. Any trades that fall out of the range will be removed at the time of withdrawal, plus you cannot have 1 trade make up more than 33% or more of your profit.

Once you receive your funded account, the following payout schedule applies:

First payout eligible within 21 days of the first trade.
Second payout within 21 days of the first trade for a new trading period.
After the second payout, all withdrawals are eligible within 14 days of the first trade for each new trading period.
Profit share scales as follows:

Withdraw 1 = 50% Profit Share
Withdraw 2 = 70%
Withdraw 3 = 80%
Withdraw 4 = 90%
After you make 4 withdrawals, you graduate to our Irizone Prime program and can now request withdrawals after 7 days from your first trade PLUS a 95% profit split.

Please note you must withdraw 95% of your profits each time you withdraw.

You may hold trades over the weekend during the evaluation phases. You cannot hold over the weekend once you have your funded account. If you do not close your trades by market close on Friday, this will result in a hard breach and the loss of your funded account.

At Irizone we accept almost all trading practices however we are looking for professional traders who understand how to manage large capital and manage risk. We are not looking for gamblers, or traders looking to manipulate the system. Below are the practices / strategies we do not allow. As a result of being an HFT friendly firm, we do understand we have stricter rules than most, but this is due to our elevated risk of not being able to assess a traders behavior prior to entering the funding stage.

  • Copy Trading:

You cannot use signals, copy trading, group trading or any other activity that would result in the same trades from other traders.

  • Reverse Trading/Group Hedging:

1)Hedging or executing reverse trades within a single account is permissible however doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.

2)Group hedging involves individuals opening opposing positions across one or multiple prop firms ensuring one position always wins. All accounts found to be partaking in this practice will be banned.

  • Account Management Services:

1) Purchasing account management services or letting someone else trade for you will not be tolerated in any way.

2) Sharing accounts and letting someone trade your account is strictly prohibited.

  • Grid Trading:

identifying Grid Trading Is subjective to our fraud department but more often than not we use the following points

1)Determining the starting price for the grid.

2)Choosing an interval, such as 5 pips, 25 pips, or 50 pips.

3)Determining whether the grid will be with-the-trend or against the trend.

4)Adding on trades as it goes into draw down

  • Trade Stacking:

Having 2 trades open at a time is not considered as stacking or layering, however, once there are 3 or more positions open for the same instrument, in the same direction. You will lose your funded account. An example being you open 3 XAU BUY trades without closing any of the prior ones.

  • IP Management:

The IP Address you login to your master account with should stay consistent. If we detect various I.P address logging into your account our system will flag this as a fraud violation for potential account management. Please contact support if you have any questions.

  • Martingale Trading / EA’s
  • Latency Arbitrage
  • Guaranteed Limit Order Fills On News Events (Buy and Sell Stop Orders On News Events)
  • Please note trades that are opened for less than 2 minutes, will not be counted towards your profit. This is to avoid any HFT like trading activities.

Please note that traders found partaking in the above strategies will be subject to losing their challenges/funded accounts.

Profit Targets

In order to become a funded trader with Irizone, we expect you to be able to pass certain profit objectives in our evaluation challenges.

Phase 1 Profit Target – You must earn 10% profit based on the starting account balance. For example, if you purchase a $100,000 account challenge, in order to advance to phase 2 you must earn $10,000 dollars in closed profit with no open trades.

Once you pass your phase 1 and receive your funded account to trade our capital, there are no profit targets or time limits. You must only be aware of the drawdown rules to not lose the account.

It is extremely important you understand how the daily loss rule works to avoid an accidental challenge failure. We’ve simplified this process as much as possible to avoid unnecessary complications, unlike other firms.

Your equity/floating loss/drawdown cannot be greater than 5% of your daily balance. Please note that your account balance resets each day at 00:00 UTC.

Please bear in mind that only losses are tallied without factoring in intermediate gains; gains do not offset losses until the reset.

Example 1:

You start your challenge with a $100,000 account. This means your equity cannot go lower than $95,000.

Example 2:

You made a profit of $5,000, and your account balance is now $105,000. This means your equity or drawdown at no point in time can go lower than $99,750.

Daily Loss = Account Balance X 5%

We’ve aimed to create the most fair and rewarding max loss rule in the industry while keeping it extremely simple. You cannot lose more than 10% of your starting balance; however, the more profit you have in your account, the less chance you have of violating this.

For example, let’s say you have a $100,000 account. You will only violate this rule when the account balance reaches less than $90,000. If you make profits on your account and bring your balance to $150,000, for example, you can lose up to $60,000 and never violate the max loss rule. But please always keep in mind the daily loss rule, as violating that will result in losing your account or failing a challenge.

Lot Size Restrictions

For traders using Irizone / Wealthway, the max lot size is 20 lots per trade.

At Irizone we accept almost all trading practices however we are looking for professional traders who understand how to manage large capital and manage risk. We are not looking for gamblers, or traders looking to manipulate the system. Below are the practices / strategies we do not allow. As a result of being an HFT friendly firm, we do understand we have stricter rules than most, but this is due to our elevated risk of not being able to assess a traders behavior prior to entering the funding stage.

  • Copy Trading:

You cannot use signals, copy trading, group trading or any other activity that would result in the same trades from other traders.

  • Reverse Trading/Group Hedging:

1)Hedging or executing reverse trades within a single account is permissible however doing it across different accounts and account owners is not accepted. You cannot open a sell trade on one account and a buy trade on the other of the same pair.

2)Group hedging involves individuals opening opposing positions across one or multiple prop firms ensuring one position always wins. All accounts found to be partaking in this practice will be banned.

  • Account Management Services:

1) Purchasing account management services or letting someone else trade for you will not be tolerated in any way.

2) Sharing accounts and letting someone trade your account is strictly prohibited.

  • Grid Trading:

identifying Grid Trading Is subjective to our fraud department but more often than not we use the following points

1)Determining the starting price for the grid.

2)Choosing an interval, such as 5 pips, 25 pips, or 50 pips.

3)Determining whether the grid will be with-the-trend or against the trend.

4)Adding on trades as it goes into draw down

  • Trade Stacking:

Having 2 trades open at a time is not considered as stacking or layering, however, once there are 3 or more positions open for the same instrument, in the same direction. You will lose your funded account. An example being you open 3 XAU BUY trades without closing any of the prior ones.

  • IP Management:

The IP Address you login to your master account with should stay consistent. If we detect various I.P address logging into your account our system will flag this as a fraud violation for potential account management. Please contact support if you have any questions.

  • Martingale Trading / EA’s
  • Latency Arbitrage
  • Guaranteed Limit Order Fills On News Events (Buy and Sell Stop Orders On News Events)
  • Please note trades that are opened for less than 2 minutes, will not be counted towards your profit. This is to avoid any HFT like trading activities.

Please note that traders found partaking in the above strategies will be subject to losing their challenges/funded accounts.

Under no circumstances can someone login to your account from a different IP and manage your account or trade for you.

You may under no circumstances change the name on your MT5 account, or change the password. If you change any of these, it will be an automatic account failure.

Tratable Instrument

You will be able to trade all instruments that are offered from our partner technology provider

https://www.wealthwayinc.com/forex-trading-dubai-uae-india

FX Pairs: 1:400

Indices & Gold 1:50

Oil: 1:20

Crypto: 1:1

Irizone is our VIP program, where the best of the best are rewarded for their exceptional trading skills. It represents the pinnacle of achievement for all traders, offering the most favorable trading conditions in the industry.

95% profit split
7-day withdrawals
Raw Spreads
Dedicated account manager
VIP access to events and Irizone trips
To earn Irizone status, you must simply make 4 withdrawals. Generally, we do not accept EA traders to Irizone, but we will review this on a case-by-case basis.

We do not require you to use a stop loss for each trade, however for risk management purposes we strongly recommend you always use one.

You are trading simulated funded accounts once you pass your evaluation.

A Simulated Funded Account is virtual funds in which a trader may be entitled to profit share payable as a percentage of the simulated profit generated in their account based on the Profit Split associated with the simulated funded account.

For the avoidance of any confusion, please keep in mind that a Simulated Funded Account is a fully simulated account with real market quotes from liquidity providers. The trading data is used by our proprietary trading firm where trades are copied at their own discretion and proprietary trading strategies are developed using the data.

We want to grow with you and, as a result, we allow scaling up to $3,000,000. Every 3 months, we will increase your initial balance by 25%, assuming certain conditions are met. You must achieve a total profit of 12% or more within these 90 days prior to requesting an account increase. You can send a message to support@irizonefx.com to request.

Irizone offers one of the lowest commissions in the business; we pass on the direct cost from our broker Wealthway. Traders will be charged $4 per lot on forex and metals. Indices are commission-free.

Once you are eligible for a payout, in your dashboard, choose a challenge and then click withdraw funds to request a payout. Once you request a payout, our compliance department will review your account and notify you of your approval, adjustment, or rejection within 24-48 hours.

Please note: For your first withdrawal, KYC and signing our funded trader agreement will be done via email. Our compliance team will assist you with the process via email.

After you pass your evaluation, you will receive your funded account within 24-72 hours. Upon your first withdrawal request, we will require KYC submission and have your Funded Trader agreement E-signed.

Refunds are only issued in accordance with our Refund Policy and applicable laws. Once a challenge is started, the service is considered delivered and non-refundable.

All payouts are handled internally, via USDT (ERC20 or TRC20).

This refers to the one hour period when the market closes. During this time, spreads can spike violently and create severe issues holding positions. Usually this happens at 5 PM EST. You will not be able to close positions at this time.

It is suggested you close your positions before market roll over, or make sure you have enough room with your stop losses to account for spread volatility. It is very probable that your SL and TP will not be respected.

Our MT5 Evaluation and funded accounts are with Wealthway.

Once you request a withdrawal, you must wait for the funds to be withdrawn from your account. Typically, this can take between 6 and 72 business hours. Once you see your profits have been deducted from your trading account, you can resume trading.

We’re delighted to offer a 95% profit split to traders who reach their 4th withdrawal because, by that point, you’ve proven to be a consistently successful trader.

Here’s how we can afford to do this: We’ve developed a unique algorithm that takes the successful trades of our top-performing traders and creates a profitable trading strategy. This algorithm has been in development for over a year and is a key part of our internal operations. When you succeed, we apply this strategy to trade our own internal private capital effectively. In short, your success directly contributes to our proprietary trading strategies, allowing both of us to profit. So, we actually want you to win!

The daily loss allowance resets at 00:00 UTC.

All trading with Irizone takes place on demo accounts. On the back end, we can analyze and decide to copy your trades over to our live capital if we decide.

Due to the unique nature of accepting HFT and allowing traders to get funded in record time, we must introduce a maximum payout limit. Our goal is to ensure we can run a sustainable business that will be able to stand the test of time, unlike most firms in the industry.

Due to this, the maximum profit and payout you can receive is 7% of your starting account balance. Statistically speaking, this will not affect the majority of traders, but Irizone is trying to prevent traders from entering into gambling-like behaviors, like using dangerously large lot sizes, opening a full margin position before news, and overall, using bad risk management.

Example Scenario:

On a 200K account, any profit you make over $14,000 will no longer be counted towards your payout. Your payout will be calculated based on a profit share percentage (up to 95%) from eligible profit, capped at 7% of your initial account balance.

Your maximum profit will reset after each payout.

Since we send payouts over the ETH and TRON blockchain, sometimes gas fees can get expensive. As a result, we charge a 2% fee on trader withdrawals. It will be deducted from your payment automatically.

If you do not login and place a trade for 60 days or longer, your account will be deactivated. Please contact support if this happens so we can issue you a new account.