Updated September 15, 2026
IQ Capital Discount Code, 80% OFF with JOINPROP
Code JOINPROP takes 80% off IQ Capital through the link on this page, the largest discount on this site. IQ Capital is crypto-first, which almost nothing else in this sector is, and runs three product lines: Crypto and CFD on Volumetrica and MetaTrader 5, and Futures on Quantower, Tradovate, ATAS and Deepchart. It pays a flat 90% split from the first dollar with no tiers to climb, and imposes no daily loss limit at all on crypto and CFD accounts. It scores 7.4 out of 10 in our review. There are also two fees the headline price does not include, covered below.
How to Claim Your IQ Capital Discount
- Open IQ Capital using the button above so the referral registers.
- Choose a line and a programme. Core is the one-day-pass route, Rapid pays every 3 days, Instant Funding skips the challenge. Each comes in a Crypto and CFD version and a Futures version.
- Budget for the activation fee if you buy Core. It is charged after you pass, not at purchase, and it is substantial on the larger accounts. Rapid activation is free.
- Enter JOINPROP at checkout and confirm the 80% is applied. Promo codes are single-use, personal and non-transferable.
The Two Fees After the Headline Price
This is the most important thing to understand before you buy here, and it is disclosed but easy to miss.
First, an activation fee payable once you pass. On Core Crypto and CFD accounts it is $199 at $50K, $299 at $100K and $1,499 at $200K. On Core Futures it is $129 at $50K and $149 at $100K. That is not a penalty, it is how the cheap entry price is financed, but it does mean the real cost of a $200,000 Core account is the discounted challenge fee plus $1,499 on success. Rapid charges no activation fee, which changes the comparison between the two programmes considerably once you factor it in.
Second, a recurring monthly management fee on funded accounts. It is $5 per month per Crypto or CFD account and $19 per month per Futures account, though note the firm’s own pages state the futures figure as $39 in two places, so confirm which applies. This is a subscription rather than a one-off, and it is also the reason IQ Capital has no inactivity rule at all: the account stays alive as long as you keep paying, not as long as you keep trading. For a trader who steps away seasonally that is genuinely useful, and worth $5 a month.
The split is the clean part of the pricing. 90/10 from the very first dollar, with no threshold, no tiers and no add-on to buy. The invitation-only IQ Elite tier, where top performers trade real capital with SEPA payouts, is also 90%. Almost every other firm on this site starts you between 70% and 80% and sells the rest back to you, so a flat 90% is a real structural advantage that survives the fees above.
Evaluation fees are non-refundable in all circumstances, and Instant Funding is final, with no route back to an evaluation later.
Three Strikes at 0.5%, and the 15-Second Payout Gate
IQ Capital replaces the usual daily loss limit on crypto and CFD accounts with something tighter and more specific: a maximum loss per position, enforced on a three-strike system.
The limit is 1% per trade on evaluation accounts and 0.5% on funded and instant accounts, measured including fees, commissions, spreads and slippage, and the firm states that reaching the limit exactly already counts as a breach. All positions in the same market count as a single trade for this purpose, so scaling into one idea does not give you more room. Exceeding it is a soft breach, the trade is auto-closed and the account survives, but the third breach closes the account.
On a $50,000 funded account, 0.5% is $250 of permitted loss per trade idea, after costs. That is the number to build your sizing around, and you get exactly two mistakes.
The drawdown is end-of-day trailing, and the specification is precise: at each New York close, a line is set 6%, or 5% on the largest accounts, below your previous day’s highest equity. If end-of-day equity falls below it, the account closes. The line only ever moves upward, and it locks once it reaches your starting balance plus the target buffer. Note what that means in practice: an intraday spike you do not bank still raises your floor at the close, because the reference is your highest equity rather than your closing balance.
Then there is the rule that decides whether you get paid, which IQ Capital calls the Scalping Rule and which functions as a payout gate rather than a breach. At least 50% of your trades must be held longer than 15 seconds, and at least 50% of your total profit must come from trades held longer than 15 seconds. Fail either half and you are simply not eligible for a payout until you comply. A fast scalper can pass a challenge here and then find the money locked behind a statistic, so check your own average hold time before buying.
Payouts carry hard caps by request number. On a $50,000 account it is $1,500 for your first two payouts, $2,000 for the third and fourth, and $2,500 from the fifth onward, scaling up to $3,000, $3,500 and $4,000 on a $200,000 account. On top of that, each payout may include at most 50% of your total profits, with the remainder staying in the account. Processing is fast, guaranteed within 48 hours and averaging around three, with no minimum payout size, and Rapid pays every 3 days against 10 for Core and Instant.
IQ Capital Key Trading Conditions
One contradiction and two gaps. The firm’s imprint names BEYOND IQ CAPITAL Ltd. in Saint Lucia, while its own FAQ states that IQ Capital is incorporated in the UAE, and no registration number is published. Separately, no news-trading rule appears anywhere on its rules page or FAQ, and the monthly futures fee is stated as both $19 and $39 on different pages. The TUV certification mentioned in its marketing is a German technical certification body, not a financial regulator.
- Company: BEYOND IQ CAPITAL Ltd., Rodney Bay, Gros Islet, Saint Lucia. Managing Director Christoph Radecker. The FAQ separately claims UAE incorporation
- Regulation: None, stated plainly. Not broker-dealer regulated, with execution routed through regulated liquidity providers
- Platforms: Volumetrica and MetaTrader 5 for Crypto and CFD. Quantower, Tradovate, ATAS and Deepchart for Futures
- Markets: All cryptocurrencies, CFDs on indices, forex and commodities, and futures including ES, NQ and the minis and micros
- Programmes: Core, Rapid and Instant Funding, each in Crypto and CFD or Futures form, plus IQ Funded and the invitation-only IQ Elite on real capital
- Account Sizes: Crypto and CFD $10K, $50K, $100K and $200K. Futures $50K and $100K
- Discount Scope: Code JOINPROP gives 80% off
- Profit Targets: Core Crypto and CFD 8%. Core Futures 6%. Rapid 6%. Instant Funding none
- Daily Loss Limit: None on Crypto and CFD accounts. Futures only, at $1,000 on a $50K account and $1,500 on a $100K
- Maximum Drawdown: 6% of starting balance from $10K to $100K, 5% on the $200K Crypto and CFD account and the $100K Futures Instant account
- Drawdown Type: End-of-day trailing, set at each New York close below your previous day’s highest equity. Moves upward only, and locks once it reaches starting balance plus the target buffer
- Maximum Loss Per Position: 1% on evaluation accounts, 0.5% on funded and instant accounts, measured after fees, commissions, spreads and slippage, with touching the limit counting as a breach. Positions in the same market aggregate. Soft breach twice, hard breach on the third
- Profit Split: Flat 90% from the first dollar, with no threshold and no tiers
- Fees: Challenges from $18 to $200 at the current discount, Rapid $90 to $140, Instant Funding $300 to $600. Extension $19. Resets $299 at $50K and $599 at $100K
- Activation Fee: Payable after passing. Core Crypto and CFD $199, $299 and $1,499 by size. Core Futures $129 and $149. Rapid is free
- Monthly Fee: $5 per funded Crypto or CFD account, and $19 per Futures account, stated as $39 elsewhere on the site
- Fee Refund: None. Evaluation fees are non-refundable
- Consistency Rule: 30%, or 40% on Rapid. Applies to funded and instant accounts only, never to the challenge. Breaching it does not fail the account, it raises your profit target by the excess and blocks withdrawal until you comply
- Scalping Rule: At least 50% of trades and 50% of profit must come from positions held longer than 15 seconds, or you are not eligible for a payout until you comply. Extreme and tick scalping as a recurring pattern is prohibited
- Time Limit: 30 days on every challenge, extendable for $19
- Minimum Trading Days: None. One profitable calendar day, meaning any day with at least $1 of positive P&L, is enough, so a challenge can be passed in a single day
- Payouts: First after 10 active trading days once funded. Each later payout needs 10 new active days, at least 50% new profit since the last one, and consistency compliance. Rapid every 3 days, Core and Instant every 10. No minimum size, processed within 48 hours and around 3 on average
- Payout Caps: Tiered by request number, from $1,500 to $2,500 on a $50K account up to $3,000 to $4,000 on a $200K account, and each payout may include at most 50% of total profits
- Payout Methods: Crypto in USDT or USDC, or bank transfer. SEPA and bank transfer for IQ Elite
- Scaling: No balance increase on a single account. Instead up to 10 simultaneous accounts, 5 on Rapid, for $2 million total, or $1 million on Futures. Upgrading mid-evaluation is not possible
- Weekend and Overnight: No restrictions on Crypto and CFD, trading 24/7 with no forced close. Futures is intraday only, with everything closed before the end of the trading day and automatic closure of anything left open
- EAs: Conditional. Permitted only if you have full access to the source code and can demonstrate control over the system. Black-box and external commercial bots are not permitted
- Copy Trading: Prohibited outright, including mirror trading, external signal providers and trading from paid or free signal groups
- Hedging: Prohibited in Futures, including across accounts and across correlated markets, where long NQ against short MNQ counts. Permitted in Crypto and CFD only on a designated hedging account
- Inactivity: No inactivity rule. The account survives on the monthly subscription rather than on trading activity
- JoinProp Score: 7.4 out of 10
Frequently Asked Questions
Q: What is the IQ Capital discount code?
A: JOINPROP, for 80% off, the largest discount we list. Enter it at checkout after opening IQ Capital through the link on this page. Codes are single-use and non-transferable.
Q: What does it actually cost in total?
A: More than the challenge price on Core accounts, and this is the detail to get right. There is an activation fee after you pass, up to $1,499 on a $200,000 Core account, plus a recurring monthly fee of $5 per crypto or CFD account and $19 per futures account. Rapid has no activation fee, so despite a higher entry price it can be the cheaper route overall. Add all three components before comparing against another firm.
Q: Is the 90% split real?
A: Yes, and it is the cleanest split on this site. 90/10 from the first dollar, with no minimum threshold, no tier ladder and no add-on to buy. Even the invitation-only Elite tier is 90%. Most firms here start at 70% or 80% and charge you to reach 90%.
Q: Is there really no daily loss limit?
A: On crypto and CFD accounts, correct, and the firm treats it as a selling point. Your obligation is to respect the maximum drawdown and the per-position loss limit. Futures accounts do have a daily limit, $1,000 at $50K and $1,500 at $100K.
Q: What is the per-position loss rule?
A: A cap of 1% per trade on an evaluation account and 0.5% once funded, measured after commissions, spreads and slippage, where hitting the number exactly is already a breach. All your positions in one market count as a single trade. The first two breaches auto-close the trade and leave the account open. The third closes the account. On a $50,000 funded account that is $250 per trade idea, net of costs.
Q: How does the trailing drawdown work?
A: At each New York close a line is drawn 6%, or 5% on the biggest accounts, below your previous day’s highest equity, and if your end-of-day equity is under it the account closes. The line only moves up, and it locks once it reaches your starting balance plus the buffer. The consequence worth internalising is that an unbanked intraday spike still raises your floor, because the reference is your peak rather than your close.
Q: I am a scalper. Will that be a problem?
A: Probably, at payout time rather than during the challenge. At least 50% of your trades and 50% of your profit must come from positions held longer than 15 seconds, or you cannot withdraw until you comply. It does not fail the account, it just stops the money. Check your historical average hold time before you buy.
Q: How much can I withdraw at once?
A: Two limits apply together. A hard cap by request number, from $1,500 on your first payout on a $50,000 account up to $4,000 on a $200,000 account at the fifth and later requests, and separately no more than 50% of your total profits in any one payout. Processing is quick though, guaranteed within 48 hours and typically about three, with no minimum size.
Q: Can I pass in one day?
A: In principle yes, which is why Core is tagged as a one-day pass. There is no minimum trading day requirement, and one profitable calendar day, meaning any day ending at least $1 up, satisfies the condition. The countervailing pressure is a 30-day limit on every challenge, extendable for $19.
Q: Can I use an EA?
A: Only your own, and only if you can produce the source code and demonstrate control over the system. Black-box and commercially purchased bots are not permitted, and copy trading, mirror trading and signal-group trading are prohibited outright. Hedging is banned in Futures, including long NQ against short MNQ, and allowed in Crypto and CFD only on a designated hedging account.
Q: Is the capital real?
A: Your account is not. The firm describes mirrored demo infrastructure with funded trades copied to a live master book, so you trade a simulation while your activity is mirrored. The exception is IQ Elite, the invitation tier, which the firm describes as trading real capital at the same 90% split.
IQ Capital suits a crypto or CFD trader who wants a flat 90% split with nothing to buy, no daily loss limit, 24/7 trading with no forced close, payouts inside 48 hours, and a monthly subscription that keeps the account alive with no inactivity clock. Weigh that against an activation fee after passing that reaches $1,499, a recurring monthly charge, non-refundable evaluation fees, an end-of-day trailing floor set from your peak equity, a 0.5% per-position limit that ends the account on a third breach, tiered payout caps plus a 50%-of-profits rule, and a 15-second hold requirement that gates withdrawals for fast traders. Code JOINPROP takes 80% off through the link on this page.
