● Positive

InstantFunding — Two Phase

Two Phase & Two Phase Micro — classic two-step evaluation with the widest drawdown in the lineup.

The Two Phase line is InstantFunding’s most traditional offering — two evaluation steps, then funded. In return you get the widest drawdown (10% static) and the highest effective first target. Closest to the classic FTMO model.
Rule Two Phase Two Phase Micro
Price (100K)$539$413
Phases2 evaluations + funded
Profit Target8% + 5%8% + 4%
1st Target (effective)14.5% (8% + 5% + 1.5% min payout)13.5% (8% + 4% + 1.5% min payout)
Max Daily Loss5%4%
Max Loss10% static10% static
Drawdown TypeStatic
Consistency Rule40%15%
Profit Split80% (90% after scaling)
PayoutEvery 4 days*Every 8 days*
ScalingDoubles each time

* Best-case payout cycle — actual timing depends on meeting consistency and minimum profitable days.

Standard vs Micro

Two Phase

10% drawdown, 5% daily, 40% consistency. The widest safety net in the IF lineup. Two evaluation steps means a longer road to funding, but 10% static drawdown gives you serious room to operate. Closest competitor to FTMO’s 2-Step.

Two Phase Micro

Same 10% drawdown but tighter daily (4%) and strict consistency (15%). Cheaper ($413 vs $539). The consistency rule forces even daily returns, which pairs naturally with the two-step evaluation — you need sustained performance anyway.

Two Phase vs FTMO

Direct comparison: FTMO 2-Step is $540, 15% combined target, 10% drawdown, no consistency rule, 14-day payout cycle. IF Two Phase is $539, 14.5% combined target, 10% drawdown, 40% consistency, 4-day payout cycle. Nearly identical on price and drawdown. IF has a slight edge on target and payout speed, FTMO has the edge on no consistency rule and a decade-long track record. Both are solid.


All data sourced from publicly available websites, trading rules pages, FAQ sections, and Terms & Conditions documents. Payout success ratings are based on verified trader reports, public reviews, and personal experiences where noted. Important: several firms maintain separate web and PDF terms that contain conflicting language — the PDF is the controlling document. Always read the full PDF terms before purchasing any account. This is educational material — always verify current terms directly with the firm.

Updated: Jun 18, 2026