IQ Capital Review: Fees, Rules and Payout Mechanics
A crypto specialist prop firm backed by Phemex institutional capital and led by Christoph Radecker (ex Trading Pit). Marketed around daily crypto payouts and a " trial, but the funded conditions are restrictive: a $3,000 USDT cap per payout request on accounts below $200K, a hard 50% per-request limit on total profits, a 0.5% per-trade risk cap, and a 30% best-day consistency rule. Real ceiling per payout cycle is closer to $200K notional than the headline "M Elite figure. Below: every rule that governs the IQ Capital evaluation and funded account, with a side-by-side comparison to the firms most often considered alongside it.
Choose your IQ Capital account
4 programs audited from the June 2026 master dataset. Pick a program and size to see the exact rules that apply.
- Fee
- $499
- Profit split
- 100%
- Max drawdown
- $6,000 (100K, 6%; 5% on 200K)
- Daily loss
- None
- Profit target
- 8% ($50K $4K / "00K $8K / $200K "6K)
- First payout
- 10 active days
- Payout cadence
- On-demand (10 active days)
- Consistency
- None (Challenge)
All sizes priced for Crypto/CFD - 1-Step Challenge3 tiers
| Size | Fee | Currency |
|---|---|---|
| $50K | "99 | USD |
| $100K | $499 | USD |
| $200K | $999 | USD |
Notes:*marketing says flat 90% - inconsistency. Per-trade risk <=1%
Compare account sizes
| Variant | DD Type | Min Days | Cycle | Speed | Cap %/$ | Consistency | First payout |
|---|---|---|---|---|---|---|---|
| IQ Capital Crypto/CFD - 1-Step Challenge | EOD Trailing | 10 | On-demand (10 active days) | ~3h (48h guarantee) | — | None (Challenge) | Day 10 |
| IQ Capital Crypto/CFD - Instant Funding | EOD Trailing | 10 | On-demand | ~3h (48h guarantee) | — | 30% best-day | Day 10 |
| IQ Capital Futures - Challenge | EOD Trailing | 10 | Weekly | ~3h (48h guarantee) | — | None (Challenge) | Day 10 |
| IQ Capital Futures - Instant Funding | EOD Trailing | 10 | Weekly | ~3h (48h guarantee) | — | 30% best-day | Day 10 |
A crypto specialist prop firm backed by Phemex institutional capital and led by Christoph Radecker (ex Trading Pit). Marketed around daily crypto payouts and a " trial, but the funded conditions are restrictive: a $3,000 USDT cap per payout request on accounts below $200K, a hard 50% per-request limit on total profits, a 0.5% per-trade risk cap, and a 30% best-day consistency rule. Real ceiling per payout cycle is closer to $200K notional than the headline "M Elite figure.
| Size | Eval | Instant |
|---|---|---|
| $10K | $99(" trial available) | — |
| $25K | "99 | — |
| $50K | $299 | — |
| $100K | $499 | $999 |
| $200K | $999 | ",999 |
Fee refund: No
Crypto-native specialist, same-day crypto payouts, 100% on first "0K of profit, " trial entry
$3K USDT payout cap per request below $200K, max 50% of profit per payout, 0.5% per-trade risk on funded, 30% best-day consistency rule, proprietary Phemex platform only, only 107 Trustpilot reviews. Not yet industry-leading
100% first "0K, then 80/20
Maximum achievable split
Get alerted when IQ Capital changes prices or rules
One email per detected change at this firm. Nothing else.
Compare IQ Capital against
Longest track record, $200M+ paid, static drawdown, no consistency rule
95% profit split (Stellar), 15% profit share during challenge, news trading allowed in evaluation, 24hr payout guarantee
Scale to $4M, 100% split at top tier, 10 year track record, 4.8 Trustpilot
Browse IQ Capital in context
Quick facts
- MarketsCrypto, CFDs, Futures
- Account sizes"0K to $200K (Futures $50K–"00K)
- Evaluation1-Step Challenge or Instant (Crypto/Futures)
- Min trading days1 (challenge); ~10 trading days reported on funded before payout eligibility
- Time limit30-day challenge / unlimited funded
- US tradersCheck availability
- Payout methodsCrypto (USDT, USDC, BTC, ETH)
- Trustpilot4.7 / 5
Disclaimer: This is independent editorial research based on public firm documentation and trader reports. We are not affiliated with IQ Capital. Information was last verified on 20 July 2026 and prop firm rules can change without notice. Always read the firm's current terms before purchasing an evaluation.