Quick-funded.io Review

Based on checking the website quick-funded.io, it operates as a proprietary trading firm, offering individuals the opportunity to trade with simulated funds after passing a challenge.

This model, while increasingly popular, involves financial risks and operates in a grey area regarding Islamic finance principles due to its reliance on speculative contracts for difference CFDs and the profit-sharing structure derived from what is essentially a service fee.

While the firm emphasizes simulated trading and educational purposes, the core business model of profiting from traders’ ability to meet targets in a challenge, with the promise of “funded” accounts, touches upon elements that may not align with the strict ethical guidelines of Islamic financial transactions, particularly concerning gharar excessive uncertainty and the absence of direct, tangible asset exchange.

Overall Review Summary:

• Business Model: Proprietary trading firm offering simulated trading challenges.
• Funding: Promises up to $2 million in simulated funds for successful traders.
• Payouts: Bi-weekly payouts with an 80% profit share on the first withdrawal, scaling up to 95%.
• Platform: Utilizes Match Trader.
• Key Features: Unlimited trading days, EA allowed, hold trades over weekend, no restriction on trading style, unlimited retries, 24/5 customer support.
• Ethical Consideration Islamic Finance: Concerns primarily stem from the speculative nature of CFD trading, the fee-based challenge model, and the potential for gharar excessive uncertainty. While presented as educational and simulated, the underlying incentive structure aims to prepare traders for highly volatile, leveraged markets that often don’t align with risk-averse, asset-backed Islamic finance principles. It’s crucial for individuals to understand these nuances.
• Transparency: Provides detailed terms, conditions, and disclaimers regarding simulated trading and CFD risks.
• Legitimacy: Appears to be a functioning proprietary trading firm, but the industry itself is subject to regulatory scrutiny.

The allure of trading with substantial capital, as quick-funded.io promotes, is undeniable.

However, the mechanism involves participants paying a fee to undergo an evaluation.

If successful, they then “trade” a simulated account, and a portion of their “profits” from this simulated trading is paid out.

This structure, while not directly involving riba interest in the conventional sense, leans heavily into speculative trading, which is often discouraged in Islamic finance due to its high risk and potential for significant losses without genuine productive economic activity.

The critical point is that the profits are derived from a simulated environment, yet the initial challenge fee is real money, and the firm ultimately profits from these fees and potential subscription models, rather than through tangible investments.

Instead of engaging in high-risk, speculative trading models that may have ethical ambiguities, consider these alternative paths for financial growth and skill development that align more closely with Islamic principles:

Best Alternatives for Ethical Financial Growth and Skill Development:

• Islamic Microfinance Institutions: Focus on small-scale, interest-free loans and investments for productive ventures, promoting entrepreneurship and community development. This is a direct opposite of speculative trading, as it emphasizes real economic activity and shared risk.
• https://en.wikipedia.org/wiki/Islamic_finance

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

#Funds: Invest in Shariah-compliant companies and assets that avoid industries like alcohol, gambling, interest-based finance, and pornography. These funds provide a diversified and ethical way to participate in the stock market.

• Real Estate Crowdfunding Shariah-compliant: Platforms that allow individuals to collectively invest in real estate projects, sharing in rental income or property appreciation. This involves tangible assets and avoids interest-based financing.
• Ethical Tech Education Platforms: Instead of trading, invest in skills that generate income through tangible value. Learn programming, web development, data analysis, or digital marketing. These skills are highly demanded and offer clear, permissible pathways to income.
• Sustainable Agriculture Investments: Invest in farms or agricultural projects that adhere to ethical and sustainable practices. This supports real economic production and often involves profit-sharing models that are compliant with Islamic finance.
• Start-up Equity Crowdfunding Ethical: Invest directly in promising start-ups that offer products or services aligning with ethical guidelines. This involves direct equity ownership and sharing in the company’s success rather than speculative trading.
• Islamic P2P Lending Non-Interest: Platforms that connect lenders and borrowers for specific projects or businesses on a profit-and-loss sharing basis, avoiding fixed interest rates. This is a more direct and ethical form of financing real economic activity.

quick-funded.io Review & First Look

When you first land on quick-funded.io, you’re immediately greeted with the promise of “Your Trading Journey, Our Investment Expertise,” positioning itself as a gateway for ambitious traders to access substantial capital.

The website is designed to convey professionalism and opportunity, highlighting its London founding by “accomplished traders” and a goal to build a “community.” This initial impression suggests a legitimate operation aiming to cultivate trading talent.

However, a deeper dive reveals the intricate mechanics of proprietary trading firms, which operate distinctly from traditional investment platforms.

The core offering revolves around a “QuickFunded challenge,” where aspiring traders pay a fee to demonstrate their skills in a simulated environment.

Success in this challenge theoretically unlocks access to trading with up to $2 million in simulated funds.

It’s crucial to understand that this isn’t real capital being directly handed over for live trading in the conventional sense.

Instead, it’s a model where the firm provides a simulated trading account, and if the trader generates “profits” on this simulated account, a percentage of those profits up to 80% initially, scaling to 95% is paid out to the trader.

This structure means the firm is essentially selling access to a trading evaluation and a profit-sharing scheme based on simulated performance.

The emphasis on “simulated funds” and “virtual/demo accounts” in their disclaimers is a critical legal and operational distinction.

quick-funded.io Features

Quick-funded.io highlights several features designed to attract and support traders within its challenge and “funded” stages. Rockar.com Review

These features aim to provide flexibility and favorable conditions for those participating in their program.

Bi-Weekly Payouts

One of the prominent features quick-funded.io advertises is bi-weekly payouts at the “funded stage.” This means that once a trader successfully passes the evaluation challenge and is operating a simulated “funded” account, they can request withdrawals of their profit share every two weeks.

This frequency is often appealing to traders who seek regular access to their earnings, providing a sense of liquidity and consistent reward for their efforts.

The consistency of payouts is a key draw for many individuals considering prop firm challenges, as it suggests a reliable return on successful trading strategies.

High Profit Withdrawal Share

Quick-funded.io offers an attractive profit-sharing model, allowing traders to enjoy an 80% share on their first withdrawal.

This is a significant percentage in the prop trading world, where splits can vary widely.

Furthermore, the website states there are “no profit targets on funded accounts,” which can be a huge relief for traders.

This implies that once funded, the pressure of hitting specific profit milestones is removed, allowing traders to focus on consistent, disciplined trading without the added stress of a fixed target.

This high profit share, coupled with the absence of ongoing targets, aims to create a more favorable environment for long-term trading success within their simulated ecosystem.

Scaling Plan Up to $2 Million

A major incentive for traders is the scaling plan offered by quick-funded.io, which allows successful traders to potentially scale their simulated funding up to $2 million. Judithwilliams.com Review

The mechanism for this scaling is tied to consistent performance.

The website explains that traders can “boost your profit split to an incredible 95% with our exclusive scaling plan! Simply achieve a total profit of 10% on your initial account balance for 4 consecutive months, and make at least 4 withdrawals within those months.” This progressive increase in capital and profit share is designed to reward sustained profitability and good risk management, offering a clear growth path for talented traders.

The promise of managing larger sums can be a strong motivator for those looking to expand their trading horizons.

Match Trader Platform

Quick-funded.io utilizes Match Trader as its primary trading platform.

Match Trader is known for its intuitive interface and efficient execution, aiming to provide a seamless trading experience for its users.

The choice of platform is crucial for traders, as it directly impacts their ability to analyze markets, execute trades, and manage positions effectively.

A reliable and user-friendly platform is essential for both evaluation and “funded” stages, ensuring that traders can focus on their strategies rather than grappling with technical issues.

Match Trader’s features likely include advanced charting tools, various order types, and real-time market data, all contributing to a comprehensive trading environment.

Trader-Friendly Conditions

Beyond the funding and payout structures, quick-funded.io highlights several conditions designed to make its program more appealing to traders. These include:

• Unlimited Trading Days: Unlike some prop firms that impose time limits for evaluations, quick-funded.io allows traders an unlimited period to complete their challenges. This reduces pressure and allows traders to wait for optimal market conditions rather than forcing trades to meet a deadline.
• Expert Advisor EA Allowed: The firm permits the use of Expert Advisors, which are automated trading programs. This is a significant advantage for algorithmic traders or those who prefer automated strategies, providing flexibility in how they approach the market.
• Hold Trades Over the Weekend: Traders are permitted to hold positions open over the weekend, which is often restricted by other firms due to increased risk from weekend market gaps. This flexibility caters to specific trading styles that might involve longer-term positions.
• No Restriction on Trading Style: This implies that traders have freedom to employ various strategies, whether it’s scalping, swing trading, or day trading, without being penalized for their approach, as long as they adhere to risk management rules.
• Unlimited Retries: If a trader fails the challenge, quick-funded.io offers unlimited retries, though it’s implied that new challenge fees would apply for each attempt. This provides a safety net and encourages persistence.
• 24/5 Customer Support: Access to support throughout the trading week is crucial for resolving technical issues or queries, ensuring traders have assistance when markets are active.

These conditions collectively aim to create a supportive and flexible environment, allowing traders to utilize their preferred methods and manage their challenges with less external pressure. Myafricacaribbean.com Review

quick-funded.io Pros & Cons

When evaluating quick-funded.io, it’s essential to look at both the advantages it presents and the inherent drawbacks, especially from an ethical and practical standpoint.

Given the nature of prop trading, particularly with simulated accounts, there are specific considerations that prospective traders should weigh.

quick-funded.io Cons

The primary concern with quick-funded.io, and indeed many proprietary trading firms operating in a similar model, lies in its fundamental structure and the product it offers.

It’s crucial to understand that this model, while popular, carries significant risks and may not align with ethical financial practices, particularly from an Islamic perspective.

• Reliance on Speculative Trading CFDs: The entire quick-funded.io model is based on Contract for Difference CFD trading, or at least simulating it. CFD trading is inherently speculative and involves high leverage, meaning small market movements can lead to disproportionately large gains or losses. This high degree of gharar excessive uncertainty and its resemblance to gambling maysir makes it highly questionable in Islamic finance. There’s no tangible asset exchange. it’s merely a bet on price movements.
• Challenge Fees as a Primary Revenue Stream: While the firm promises “funded” accounts, their initial revenue is generated from the fees paid by individuals attempting the “challenge.” If a significant number of traders fail the challenge which is often the case in high-stress, high-target environments, these fees become a primary source of income for the firm. This creates a potential conflict of interest, where the firm benefits regardless of the trader’s long-term success.
• Simulated Accounts, Real Money Risk: The disclaimers explicitly state that all accounts are “virtual/demo accounts” and information is “intended solely for educational purposes.” While this might be a legal distinction, traders are paying real money for the challenge and investing real effort, only to trade in a simulated environment. The “profits” they receive are effectively a payout based on simulated performance, not direct earnings from real market trades conducted with the firm’s capital. This adds a layer of indirectness that can be misleading.
• High Risk of Loss: CFD trading is explicitly stated to involve a “high degree of risk” and may “not be suitable for all investors.” Even without direct market exposure for the trader’s own capital, the skills acquired are for a high-risk activity. The failure rate in proprietary trading challenges is notoriously high, meaning many individuals will lose their challenge fees without ever reaching the “funded” stage. Data from various sources suggests that a vast majority of retail traders lose money. For instance, FCA data from 2021 showed that between 74% and 89% of retail investor accounts lose money when trading CFDs. While quick-funded.io’s model is simulated, it trains individuals for this risky activity.
• Lack of Tangible Value Creation: Unlike ethical investments that fund real businesses, develop infrastructure, or provide essential goods and services, speculative trading primarily involves the movement of capital without creating new, tangible wealth or contributing to the real economy. This clashes with the Islamic emphasis on productive investments and avoiding zero-sum games.
• Ethical Concerns Islamic Perspective: The core business model—charging for access to a speculative simulated trading environment with the promise of profit sharing—raises significant ethical questions. It encourages involvement in markets that are often deemed impermissible due to high uncertainty gharar, gambling-like characteristics maysir, and potentially interest-based elements in the underlying instruments riba, even if the firm itself avoids direct riba. For a Muslim, engaging in such activities, even in a simulated capacity, could be seen as training for or promoting an unethical financial practice.

Given these substantial cons, particularly the inherent high risk, speculative nature, and the ethical ambiguities from an Islamic finance standpoint, it is highly advisable for individuals to avoid such platforms.

The financial and spiritual risks outweigh any potential monetary gains.

quick-funded.io Alternatives

Given the ethical and practical concerns surrounding proprietary trading firms like quick-funded.io, especially from an Islamic finance perspective, it is crucial to explore alternatives that offer pathways to financial growth and skill development without engaging in speculative or interest-based activities.

The focus here is on tangible value creation, ethical investment, and skill acquisition that can lead to sustainable income.

Ethical Business & Entrepreneurship

Instead of aiming to profit from market fluctuations, consider starting or investing in real businesses that provide goods or services.

This aligns with the Islamic emphasis on productive economic activity and direct value creation. Offspec.io Review

• E-commerce Business: Start an online store selling physical products that are ethically sourced and permissible. Platforms like Shopify or Etsy provide excellent infrastructure.
• Service-Based Business: Offer professional services such as web design, graphic design, content writing, digital marketing consultancy, or even personal training halal-compliant. Platforms like Upwork or Fiverr can help you find clients.
• Local Craft or Artisanal Business: Create and sell handmade products, promoting local economies and craftsmanship. This could include ethically made clothing, home decor, or unique gifts.

Skill Development & Vocational Training

Invest in acquiring tangible, in-demand skills that can lead to stable employment or entrepreneurial ventures.

These skills create genuine value and are often highly sought after.

• Software Development Bootcamps: Learn coding languages like Python, JavaScript, or Java, and dive into web development, mobile app development, or data science. Reputable bootcamps like General Assembly or App Academy offer intensive programs.
• Digital Marketing Courses: Master SEO, content marketing, social media marketing, or paid advertising. Platforms like Coursera or Udemy offer comprehensive courses.
• Project Management Certifications: Acquire skills in managing projects efficiently, which is valuable across almost all industries. Certifications like PMP Project Management Professional are widely recognized.

Ethical and Halal Investments

Instead of speculative trading, focus on investments that are screened for Shariah compliance, ensuring they avoid interest, gambling, alcohol, and other impermissible industries.

• Halal Stock Market Investing: Invest in publicly traded companies that adhere to Islamic principles. Platforms like Wahed Invest or Amanah Ventures specialize in Shariah-compliant portfolios. You can also research individual stocks using filters for Shariah compliance.
• Real Estate Investment: Invest in physical real estate, either directly or through Shariah-compliant real estate investment trusts REITs or crowdfunding platforms. This involves tangible assets and generates rental income or capital appreciation from real property.
• Direct Investment in Small Businesses Partnerships/Mudarabah: Engage in profit-and-loss sharing partnerships with small businesses, aligning with the Mudarabah concept in Islamic finance. This involves a direct stake in a productive enterprise.

These alternatives provide robust, ethical pathways to financial independence and growth, emphasizing real economic contribution and sustainable practices over speculative ventures.

How to Cancel quick-funded.io Subscription

Canceling a subscription or challenge with quick-funded.io typically involves navigating their platform’s account settings or directly contacting their customer support.

Given that quick-funded.io operates on a model where users pay for “challenges” or access to “funded” accounts, understanding the refund policy and cancellation process is critical.

Reviewing the Refund Policy

Before attempting to cancel, it is essential to thoroughly review quick-funded.io’s “Refund Policy,” which is linked at the bottom of their homepage.

Proprietary trading firms often have very specific terms regarding refunds for challenge fees, especially once a challenge has begun or if certain conditions are met or not met.

• Key points to look for in the Refund Policy:
  • Time Limits: Are refunds only available within a certain number of days after purchase?
  • Challenge Status: Is a refund possible if you haven’t started the challenge yet, versus if you’ve already made attempts?
  • Performance-Based Clauses: Are there clauses that state refunds are forfeited if you fail to meet specific trading parameters or violate their terms?
  • Partial vs. Full Refunds: Some firms might offer partial refunds under specific circumstances.

Understanding these details from their official policy document is the first and most crucial step, as it will dictate what options are available. Vittelo.com Review

Steps to Cancel

While specific steps might vary slightly depending on their user interface, the general process for cancellation or discontinuing participation usually involves:

1. Log In to Your Account: Access your quick-funded.io dashboard or user portal.
2. Navigate to Account Settings/Billing: Look for sections like “Account,” “Profile,” “Subscription,” or “Billing Information.”
3. Manage Subscription/Challenge: Within these settings, there might be an option to “Cancel Subscription,” “Manage Plan,” or “Discontinue Challenge.”
4. Follow On-Screen Prompts: The platform will likely guide you through a series of confirmations to finalize the cancellation.
5. Contact Customer Support: If a direct cancellation option isn’t readily available or if you have specific questions about your eligibility for a refund, reach out to quick-funded.io’s customer support. Their website lists a “Contact Us” section https://quick-funded.io/support. You may need to submit a ticket or send an email. Be prepared to provide your account details and a clear statement of your intention to cancel.

Confirmation and Documentation

After initiating a cancellation, always:

• Seek Confirmation: Ensure you receive a confirmation email or message stating that your subscription or challenge has been successfully canceled.
• Keep Records: Save any communication, screenshots, or confirmation emails related to your cancellation for your records, in case of future disputes.

It is paramount to act swiftly if you decide to cancel, especially if their refund policy is time-sensitive.

Given the financial nature of these services, clear communication and documentation are your best tools.

quick-funded.io Pricing

Quick-funded.io’s pricing structure is based on the size of the simulated trading account you choose for their “One Step” evaluation challenge.

This is a common model among proprietary trading firms, where the fee typically scales with the amount of simulated capital a trader aims to access.

The price you pay is essentially for the opportunity to undertake their evaluation process, which, if successful, leads to managing a larger simulated account and sharing in the “profits” generated.

“One Step” Account Sizes and Prices

Based on the information provided, quick-funded.io offers several account sizes for their “One Step” challenge, each with a corresponding one-time fee:

• 5k Simulated Capital: Price not explicitly listed but implied to be part of the scaled offerings.
• 10k Simulated Capital: Price not explicitly listed.
• 25k Simulated Capital: Price not explicitly listed.
• 50k Simulated Capital: Price not explicitly listed.
• 100k Simulated Capital: Price not explicitly listed.
• 200k Simulated Capital: $299

While only the $200k account price is explicitly stated as $299, it is reasonable to infer that the prices for the smaller account sizes would be progressively lower, following an industry standard.

For example, a $5k account might cost significantly less than $299, while a $100k account would be somewhere between the $200k price and the smallest offering. Puyallupgoldbuyers.com Review

The absence of clear pricing for all tiers on the provided homepage text is a minor transparency concern, as potential users would need to proceed further into the registration process to see the full pricing breakdown.

Key Metrics for “One Step” Challenge

For the “One Step” challenge, quick-funded.io outlines specific parameters that traders must adhere to, regardless of the account size chosen:

• Funded Account Profit Target: 10%
  • This means a trader must achieve a 10% profit on their simulated initial balance to pass the evaluation. For a $200k account, this would translate to $20,000 in simulated profit.
• Minimum Trading Days: 3
  • A trader must trade for a minimum of 3 days within the challenge period. This ensures some level of consistent engagement.
• Daily Drawdown: 5%
  • This is the maximum loss allowed on any single trading day, calculated based on the starting balance of that day. If a $200k account starts the day at $200k, the daily loss cannot exceed $10,000.
• Overall Drawdown: 10%
  • This is the maximum total loss allowed from the initial account balance or highest balance achieved. For a $200k account, the total loss cannot exceed $20,000 from the starting balance.
• Trading Period: Unlimited
  • This is a significant advantage, as it removes the time pressure often found in other prop firm challenges, allowing traders to wait for optimal setups.
• First Withdrawal: N/A during the challenge phase
• Profit Split: N/A during the challenge phase, but stated as “Up to 80%” once funded.

The pricing structure is straightforward: a one-time fee to attempt the challenge, with the opportunity for profit sharing if successful.

However, the true “cost” is not just the fee but also the time and effort invested, alongside the inherent risks associated with engaging in speculative trading, even if simulated.

quick-funded.io vs. Other Prop Firms

This industry has grown significantly, with many firms offering similar “challenges” and “funded accounts.” Key differentiators often lie in pricing, challenge rules, payout structures, supported platforms, and overall flexibility.

Key Differentiators in the Prop Firm Landscape

1. Challenge Structure One-Step vs. Two-Step:

   • quick-funded.io: Offers a “One Step” challenge. This means traders need to hit a single profit target 10% while adhering to drawdown rules. This simpler structure can be appealing as it eliminates the need to pass two separate phases, potentially speeding up the process to a “funded” account.
   • Other Firms: Many popular prop firms, such as MyForexFunds now defunct but was a major player and FundedNext, traditionally offered two-step evaluations. These involve passing a Phase 1 higher profit target, e.g., 8% and then a Phase 2 lower profit target, e.g., 4% with stricter drawdown rules in Phase 2. While quick-funded.io’s “One Step” simplifies the process, its 10% target might be comparable to the combined difficulty of some two-step models, depending on the drawdown rules.

2. Pricing Model:

   • quick-funded.io: For a $200k account, the price is $299. Prices for smaller accounts are implied to be lower. This pricing is competitive. For example, a $200k challenge from a well-known firm like The Funded Trader might range from $900-$1,000 for a two-step challenge, though they might also offer one-step options at different price points. Firms like FTMO, another industry leader, typically charge around €99 for a $10k challenge and scale up to €1,000 for a $200k challenge for their two-step model. Quick-funded.io appears to be on the more affordable end for larger accounts.

3. Drawdown Rules:

   • quick-funded.io: Offers a 5% daily drawdown and a 10% overall drawdown. These are fairly standard industry figures.
   • Other Firms: Drawdown rules vary significantly. Some might offer slightly more lenient daily drawdowns e.g., 6%, while others might have tighter overall drawdowns e.g., 8%. The calculation method e.g., balance-based vs. equity-based also differs and is crucial. Quick-funded.io’s 10% overall drawdown relative to initial balance is common.

4. Minimum Trading Days:

   • quick-funded.io: Requires a minimum of 3 trading days.
   • Other Firms: This also varies, with some firms requiring 5, 10, or even 15 minimum trading days, especially in two-step evaluations. Quick-funded.io’s 3-day minimum is quite flexible, allowing for faster completion of the challenge if performance targets are met quickly.

5. Time Limits: Cobaltcorporatetravel.com Review

   • quick-funded.io: Offers “Unlimited Trading Days” for the challenge. This is a significant advantage, removing a common source of stress for traders.
   • Other Firms: Many firms impose strict time limits e.g., 30 days for Phase 1, 60 days for Phase 2, after which a trader must restart the challenge if targets aren’t met, often incurring a new fee. Firms like FTMO have relatively generous time limits but still impose them. Unlimited time is a strong selling point for quick-funded.io.

6. Profit Split and Scaling:

   • quick-funded.io: Offers an 80% initial profit split, scaling to 95%. No profit targets on funded accounts. The scaling plan involves hitting 10% profit over 4 consecutive months with 4 withdrawals.
   • Other Firms: Profit splits typically range from 70% to 90%. While some offer 90%, it’s often after a period of consistent performance. Many firms do have ongoing profit targets or scaling rules that might be more stringent. The 95% scaling by quick-funded.io is quite generous, provided the criteria are met.

7. Allowed Trading Styles EA, Weekend Holds, News Trading:

   • quick-funded.io: Allows EAs, holding trades over the weekend, and no restriction on trading style.
   • Other Firms: Many firms restrict EAs, especially certain types, or prohibit holding trades over the weekend due to heightened risk. Restrictions on news trading are also common. Quick-funded.io’s flexibility in these areas makes it attractive to a broader range of traders.

In summary, quick-funded.io positions itself competitively with its one-step challenge, unlimited trading time, and flexible trading rules.

Its pricing for larger accounts appears to be favorable compared to some industry giants.

However, the core concerns regarding the speculative nature of the underlying financial instruments and the ethical implications from an Islamic perspective remain consistent across virtually all prop trading firms, regardless of their specific features.

Therefore, while comparing features is useful, the fundamental ethical evaluation should take precedence for those seeking permissible financial avenues.

How to Cancel quick-funded.io Free Trial

The provided information on quick-funded.io’s homepage does not explicitly mention a “free trial” in the traditional sense, such as a temporary, no-cost access period to their services.

Instead, their model is based on purchasing a “challenge” for a fee, which then offers access to a simulated trading environment.

Therefore, the concept of canceling a “free trial” might not directly apply to quick-funded.io’s current offerings.

However, if quick-funded.io were to introduce a free trial in the future, or if a user mistakenly believes they are on a trial when they have, in fact, paid for a challenge, the general principles for canceling such a service would apply. Testyouriq.org Review

General Steps for Cancelling a Hypothetical Free Trial:

1. Check for an Explicit “Free Trial” Section: The first step would be to look for any specific section on quick-funded.io’s website, FAQ, or Terms & Conditions that outlines a “free trial” program. This would detail how it works, its duration, and the cancellation process.
2. Log In and Review Account Settings: If a trial exists, logging into your quick-funded.io account would be the next step. Within your user dashboard or account settings, there is typically a “Subscription,” “Membership,” or “Billing” section. Look for an option to manage your trial or prevent it from rolling into a paid subscription.
3. Look for Auto-Renewal Settings: Many free trials automatically convert to a paid subscription unless canceled. You would need to find and disable any auto-renewal options to ensure you are not charged once the trial period ends.
4. Contact Customer Support Directly: If no clear online cancellation method is apparent, the most reliable approach is to contact quick-funded.io’s customer support.
   • Go to their “Contact Us” or “Support” page https://quick-funded.io/support.
   • Clearly state that you wish to cancel your free trial and ensure you will not be charged.
   • Provide any necessary account details e.g., email address associated with the trial.
   • Request a confirmation of cancellation.

Important Considerations:

• No Explicit Free Trial: As of the provided information, quick-funded.io’s business model starts with a paid challenge. Therefore, any fees paid are for participation in this challenge, not for a trial. The “Refund Policy” would govern any possibility of getting your money back for a challenge purchase, not a free trial cancellation.
• “Unlimited Retries” vs. “Free Trial”: The “Unlimited Retries” feature offered by quick-funded.io for their challenge should not be confused with a free trial. This feature implies that if you fail a paid challenge, you can attempt it again likely after paying another fee without limit, rather than offering a free introductory period.
• Focus on the Refund Policy for Paid Challenges: If you have paid for a challenge and wish to discontinue, your attention should be directed entirely to their “Refund Policy” to determine if you are eligible for any reimbursement based on their terms and conditions.

In essence, for quick-funded.io, the absence of a stated free trial means that users should operate under the assumption that all participation requires payment, and any cancellations would fall under the purview of their explicit refund policy for purchased challenges.

FAQ

What is Quick-funded.io?

Quick-funded.io is a proprietary trading firm that offers individuals the opportunity to participate in a “challenge” to qualify for trading with simulated capital, potentially up to $2 million.

Upon successful completion of the challenge, traders can receive a profit share from their simulated trading performance.

Is Quick-funded.io legitimate?

Quick-funded.io appears to be a functioning proprietary trading firm with stated terms and conditions, but “legitimate” in this context refers to its operational existence, not necessarily its alignment with all ethical investment principles.

The industry itself is subject to scrutiny, and its core business model involves simulated trading and speculative instruments, which raise ethical concerns for many.

How does the QuickFunded challenge work?

The QuickFunded challenge involves a one-step evaluation where traders pay a fee to access a simulated trading account.

They must achieve a 10% profit target while staying within daily 5% and overall 10% drawdown limits, with a minimum of 3 trading days.

What is the profit split offered by Quick-funded.io?

Quick-funded.io offers an 80% profit share on the first withdrawal from a “funded” simulated account, which can scale up to 95% if the trader meets specific performance criteria 10% profit for 4 consecutive months with 4 withdrawals.

What trading platform does Quick-funded.io use?

Quick-funded.io utilizes Match Trader as its primary trading platform for both the evaluation challenge and the “funded” simulated accounts.

Are Expert Advisors EAs allowed on Quick-funded.io?

Yes, quick-funded.io explicitly states that Expert Advisors EAs, or automated trading programs, are allowed for use within their simulated trading environment. Inexlatam.com Review

Can I hold trades over the weekend with Quick-funded.io?

Yes, quick-funded.io permits traders to hold their positions over the weekend, offering flexibility that some other proprietary firms restrict.

Are there any time limits for completing the QuickFunded challenge?

No, quick-funded.io offers “Unlimited Trading Days” for their challenge, meaning there is no time limit to achieve the profit target and pass the evaluation.

What are the drawdown rules for Quick-funded.io’s challenge?

Quick-funded.io enforces a 5% daily drawdown limit and a 10% overall drawdown limit on the simulated trading accounts during the challenge phase.

How much does it cost to join Quick-funded.io?

The cost to join quick-funded.io depends on the simulated account size chosen for the challenge.

For a $200k simulated account, the fee is $299. Prices for smaller account sizes are presumably lower but not explicitly listed on the homepage.

How often do payouts occur with Quick-funded.io?

At the “funded” stage, quick-funded.io allows traders to make withdrawals of their profit share bi-weekly.

What are the minimum trading days required for the challenge?

A minimum of 3 trading days is required to complete the QuickFunded challenge.

Does Quick-funded.io offer unlimited retries?

Yes, quick-funded.io states that it offers “Unlimited Retries” for their challenge, though new challenge fees would likely apply for each attempt.

What is the maximum simulated funding available with Quick-funded.io?

Quick-funded.io offers a scaling plan that allows successful traders to potentially access up to $2 million in simulated funds.

Is Quick-funded.io suitable for beginners?

While quick-funded.io offers “unlimited retries” and “unlimited trading days,” the core activity of CFD trading and the strict drawdown rules mean it’s primarily designed for experienced traders who understand risk management and speculative markets. Beginners should exercise extreme caution. Hyperice.com Review

Where is Quick-funded.io founded?

Quick-funded.io was founded in London by a group of accomplished traders.

What kind of customer support does Quick-funded.io offer?

Quick-funded.io provides 24/5 customer support to assist traders with their queries and technical issues during the trading week.

Can I get a refund from Quick-funded.io?

Refund eligibility is governed by quick-funded.io’s “Refund Policy.” It is essential to review this policy for specific conditions, time limits, and circumstances under which a refund may or may not be granted for challenge fees.

What is the profit target for the QuickFunded challenge?

The profit target for the QuickFunded one-step challenge is 10% of the initial simulated account balance.

Does Quick-funded.io have hidden fees?

Based on the provided homepage information, the pricing structure is a one-time fee for the challenge.

However, users should always review the full Terms & Conditions and Disclaimer documents for any additional fees or charges that might apply under specific circumstances.

What is the purpose of the simulated accounts?

According to quick-funded.io’s disclaimer, the simulated/demo accounts and all information provided are solely for educational purposes related to trading on financial markets, and do not serve as specific investment advice.

What are the risks of trading with Quick-funded.io?

Quick-funded.io explicitly disclaims that CFD trading involves a high degree of risk and may not be suitable for all investors, emphasizing magnified gains and losses, volatility, and risks in foreign markets, even though the accounts are simulated.

Can I boost my profit split beyond 80%?

Yes, quick-funded.io allows traders to boost their profit split to an incredible 95% by achieving a total profit of 10% on their initial account balance for 4 consecutive months and making at least 4 withdrawals within those months.

How does Quick-funded.io verify traders?

After passing the evaluation phase, traders are required to submit documents for KYC Know Your Customer verification before they are provided with login details for their simulated QuickFunded account. Playswap.gg Review

Are there any restrictions on trading style?

Quick-funded.io states that there are “No restriction on trading style,” implying flexibility for traders to use various strategies like scalping, swing trading, or day trading, as long as they adhere to the risk management rules.