IQ Capital Review
An in depth first person review of IQ Capital from Kane Simons, plus 11 verified trader reviews, rules, payout speed and current discount code.
Kane Simons (TraderKane) is the founder of Prop Firm Compare and a futures trader with 10+ years' experience. Having earned $3.5 million in prop firm payouts, he provides unbiased reviews, comparisons and insights based on real trading experience.
How this review was done
Bought a Rapid 3D 100K with my own money, no sponsored or gifted account.
Am trading the evaluation on Tradovate.
Have not taken a payout yet. The payout section covers IQ Capital's published process and will be updated once I have been paid.
Kane’s Review of IQ Capital
Kane Simons (TraderKane)
Founder, Prop Firm Compare · bought a Rapid 3D 100K evaluation, now working through it on Tradovate
IQ Capital is a newer futures firm that sells several ways in, and I went with Rapid, its plan built around faster payouts. I bought a Rapid 3D 100K with my own money, no gifted or sponsored account, and traded it on Tradovate. I am still working through the evaluation, so this review stops where my experience does. The thing to understand before buying is that the evaluation runs for 30 days, so you need to pass inside that window or pay to extend.
What I liked
One time fee: $225 for a Rapid 100K on current pricing
End of day trailing drawdown
Faster payouts than IQ Capital's Core plan, every 3 days on Rapid 3D
No daily loss limit once funded on Rapid 3D
No activation fee on Rapid once you pass
A 48 hour payout guarantee: if you are not paid within 48 hours, IQ Capital pays you a 100% split on that payout
Up to two forgiven breaches
A wide platform choice, including Tradovate, TradingView, NinjaTrader, Quantower, ATAS and DeepCharts
Code LAB takes 80% off Core, Rapid and Instant Funding accounts, and under the current offer your account fee is refunded with your first payout
Credentials arrived instantly by email
Support replied within 24 hours, and sometimes within a few hours
What to watch
A 40% consistency rule applies during the evaluation
The evaluation lasts 30 days, with a $19 fee to extend
Rapid pays an 80% split, lower than the 90% on Core
You can hold up to five Rapid accounts at once
Rapid accounts close after 5 payouts, so plan to buy a new account once you reach that limit
Rapid 3D adds a 40% consistency rule once funded, recalculated each payout cycle
My Experience With IQ Capital
I bought a Rapid 3D 100K and traded it on Tradovate. Credentials arrived instantly by email, so I could start trading straight away.
A Rapid 100K costs $225 as a one time fee with code LAB, against a list price of $1,125. It asks for $6,000 profit inside a $3,000 end of day trailing drawdown, with a 40% consistency rule. You have 30 days to pass, and an extension costs $19.
Rapid trades a lower split for faster payouts. Core pays 90% but on a slower cycle, while Rapid pays 80% and comes in two versions once funded. Rapid 1D pays daily and has no funded consistency rule, but adds a daily loss limit of $1,500 on a 100K. Rapid 3D pays every 3 days and has no daily loss limit, but adds a 40% consistency rule. I went with 3D. Rapid has no activation fee once you pass, so the $225 is the full cost of getting funded. IQ Capital also sells Instant Funding accounts that skip the challenge. The full lineup is on the challenges page.
My Payout Experience
I have not taken a payout from IQ Capital yet, as I am still in the evaluation. I will update this section once I have been paid.
IQ Capital guarantees payment within 48 hours, and pays a 100% split on any payout that misses that window. Rapid pays 80% from the first dollar, with no minimum payout. Each request can take up to 50% of your profit, and the rest stays in the account as a buffer. On a 100K, Rapid 1D caps each payout at $1,500 for the first two and $2,000 after that, while Rapid 3D caps them at $2,000 and then $3,000. You can request a maximum of 5 payouts, and after that the account is closed. Payouts are sent in USDC or by bank transfer. That is IQ Capital's published policy, not my own experience.
Which Account Would I Choose?
Kane's Pick: Rapid 3D 100K
This is the account I would choose. It is cheap for the size at $225 with no activation fee, uses end of day drawdown, has no daily loss limit once funded and pays every 3 days. The 80% split, the 40% consistency rule and the 5 payout limit are the trade. If you would rather be paid daily and can work with a daily loss limit, Rapid 1D is the alternative.
Core suits traders who would rather keep 90% and can wait longer between payouts. It can be passed in a single day with no consistency rule, and is the cheapest way in at $49 for a 50K with code LAB. Once funded, though, Core pays every 10 days, adds a 30% consistency rule and charges an activation fee of $129 on a 50K or $149 on a 100K. Core comes in two versions. Core-DLL has a daily loss limit, while standard Core has no daily loss limit and uses a maximum position loss rule instead. Compare them on the challenges page.
Who I Would Recommend IQ Capital To
Choose IQ Capital if you want faster payouts, a payout guarantee with money behind it and forgiven breaches. For comparison, see Lucid Trading.
Kane’s IQ Capital Review FAQs
The Rapid 3D 100K. It costs $225 one time with no activation fee, uses end of day trailing drawdown, has no funded daily loss limit and pays every 3 days, at an 80% split.
Yes. Up to two forgiven breaches give beginners a safety net, and the drawdown is end of day. Beginners should keep the 30 day evaluation window in mind.
The 30 day evaluation window, a 40% evaluation consistency rule and an 80% split on Rapid. Rapid accounts close after 5 payouts, and Rapid 3D has a 40% consistency rule once funded. Rapid has no activation fee, but Core accounts charge an activation fee after you pass, $129 on a 50K and $149 on a 100K.
Yes. Code LAB is the Prop Firm Compare code for IQ Capital and takes 80% off Core, Rapid and Instant Funding accounts. With the code, a Core 50K is $49, a Rapid 100K is $225 and an Instant Funding 100K is $699. Under the current offer, your account fee is also refunded with your first payout, though activation fees, resets and extensions are not. Offers change, so check the IQ Capital discount codes page for what is live now.
Traders who want fast payouts, a payout guarantee and the safety of forgiven breaches, and who can pass within 30 days.
The 48 hour guarantee and forgiven breaches stand out. The trade is a 30 day evaluation limit and an 80% split on Rapid.
A 30 day evaluation window, an evaluation consistency rule and a lower split on Rapid.
Compare IQ Capital With Other Firms
