iFundTraders Review: Key Features and Master Plan of Oliver Velez

iFundTraders company is an investment program based on proprietary trading. Even though the owner, Oliver Velez, has 31 years of experience, he didn’t build quite a reputation. As can be seen, many traders were finding different obstacles along the way.

Generally, some issues are expected. To find out why, make sure you read our iFundTraders review carefully. Otherwise, you might fall into a trap.

Is Proprietary Trading With iFundTraders Legal?

If you check any iFundTraders reviews, you will see many potential problems. Therefore, we have to explain to you the logic behind these activities. Firstly, the ifundtraders.com is not a brokerage. Consequently, they don’t need to comply with any laws or regulations. Technically, they are not trading with clients’ funds.

Secondly, they offer collaboration where the company says there is no risk. Traders are required to pass the iFundTraders challenge and to get funded accounts. Thus, those funded accounts are speculative. Additionally, without regulations, the company can make any excuse that will go in its favor. So, room for irregularities is plenty.

What Do Other Traders Think?

For a company that has been active since 2010, they have quite bad popularity. Even though they have around 300k followers on YouTube, that doesn’t mean those are clients. Anyway, there are only 14 comments on Trustpilot, and 60% are already negative.

But there are also forums like Reddit where people talk about this company. You’ll have to diversify if those are unsuccessful or scammed traders. But if you are still not sure about prop trading, make sure to read our Funding Traders review as well.

What Programs Can You Enrol?

Every program with iFundTraders LLC company includes some special benefits. The pricing varies depending on the course. Most of the choices also have iFundTraders trading challenges traders have to pass. The options are: 

• Master Trader – $10.000
• Pro Trader – $6.000
• Complete Trader – $2.500
• Trade For Wealth – $5.000
• Live Trading Camp – $1.500
• Mentorship Program – $1.995
• Swing Prop Program – $1.297 on a discount
• Swing Independent Program – $3.997
• Trading Kids – $1.000

Important to realize is that all of these programs include payouts and profit split of up to 80%. So, how do these programs work? In all programs, traders have a sort of education or virtually funded account to pass the challenge. Once they go through all the phases, traders should be able to get to the live account.

But think about it: do you expect anyone to grant you $50.000 real money on a trading account after you paid, for instance, $6.000?

Program Payment Methods

According to the FAQ section, the company accepts debit and credit cards. Thus, traders must sign a statement that they understand that such payments are non-refundable. So, practically, if you don’t get what they promise, you can’t simply file a chargeback.

Another key thing regarding payouts is that you can’t get any profits out before you pay all the fees. Thus, educational fees are not précised, and you could face potential issues there. Most importantly, you can’t withdraw when you want. Instead, you have to wait until the 20th of the following month to get the payout.

Other Tools Offered by iFund Traders

If you are exploring additional features, you can also see a few iFundTraders download options. For instance, there’s a Trading Journal Pro tool that can help you improve your trading. But it only keeps track of your trades. For $15 per month, it’s kinda useless. Instead, we suggest you try AI software like AI Analysis Tool and see the real improvement.

Besides the Journal, you can also get MyTradingSlims software for $48 per month. Important to note is that all programs include an additional iFundTraders monthly fee. Yet, unknown one. So, it looks like you’ll be paying a lot of fees along the way.

General Conclusion – Avoid It Or Try It?

Considering the extremely high fees for every program and a lot of other fees included, you might as well invest that money in a real account. Instead of paying to trade with virtual money, you can put in a Tier 1 licensed brokerage account and start trading live. Of course, you can start with a demo that includes most brokers.

Once you get confidence, you can switch to micro and finally live account. Not to mention that iFundTraders has numerous negative reviews. But If you see our OneUp Trader review you will see every company has its flaws. It’s just a matter of choosing the right one and implementing the right tools and strategies.

How Can I Make Money While Trading Online?

Some would say making money in trading has never been easier. On the other hand, you still have 85% of traders losing money. The reason behind it is that trading education rarely works. The only thing you have to do is to trade constantly and build your own strategies. But not with virtual funds like in the case of proprietary firms. Such as iFundTraders.

Instead, you have far better options with Tier 1 licensed brokerages. You can start with a demo and slowly switch to a micro account until you are prepared to start investing hard. Most importantly, on any of these, you can use AI tools like AI Analysis Tool and trade like a pro. This tool allows you to analyze and forecast market opportunities effortlessly.

Once you see the benefits of AI Tools, you’ll wonder why didn’t you start earlier. Therefore, send a message to our team, and we’ll book you an appointment to present you with this tool. Most importantly, the first meeting is completely free and includes zero obligations. Get in touch today!

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