Institutional Funding
FeaturedAs of 03:43 UTC on 9 Oct 2026, 1 of 4 tracked firms is reporting live. A round turn for one lot of GBP/USD costs $5.73 at Institutional Funding ($2.73 spread plus $3.00 commission, published by the firm). It's the only firm ranked on GBP/USD now.
Institutional Funding
FeaturedIF:GBPUSDInteractive chart. Use the left and right arrow keys to read it point by point, Page Up and Page Down to move faster, Home and End for the first and last point, and Escape to go back to the latest figure. The same numbers are in the table below.
At IF, the cost of a round turn for one lot of GBP/USD averaged $5.57 over the last hour, between $4.25 and $6.00, and ended $0.30 lower than it started.
- Spread
- $2.73
- Commission (published by the firm)
- $3.00
- Cost, one lot, round turn
- $5.73
Not investment advice
Key statistics
- 0.27 pips
- 116 samples
- 0.10 to 0.30
- pips, 15 minutes
- $5.73
- round turn
- $3.00
- round turn per lot, published by the firm
Latest measured week
Ranked 1st of 3 on GBP/USD in week 38: 0.53 pips on average, the cheapest quote in 8% of the hours compared.
Trading conditions
- News trading: allowed
- Copy trading: not allowed
- High-frequency trading: not allowed
Published terms
- Account sizes
- $10,000 to $200,000 (6 sizes)
- Profit split
- 70%, up to 100%
- Payouts
- Processed within 2 business days of request
- Consistency rule
- No single trading day should account for more than 20% of your total profit during the funded phase.
- Markets
- Forex, Indices, Commodities, Cryptocurrencies, Metals, Energies
- Regulation
- Holds no licence of its own; execution and MT5 infrastructure run through TRDX.
From the firm's own pages. Terms change, so confirm them on the firm's site before you buy an evaluation.
About the firm
Institutional Funding is a younger prop firm that competes on running costs: it publishes a commission of $3 per lot round turn on forex, metals and indices, and processes payout requests within two business days. Execution and MT5 infrastructure run through TRDX, which holds an FSCA licence (FSP 53738); IF holds no licence of its own.
Its published record, as checked on 19 Aug 2026: account sizes from $10,000 to $200,000 including a $150,000 tier, a profit split starting at 70 percent with a ceiling of 100, and a funded-phase consistency rule under which no single trading day may account for more than 20 percent of total profit. Its challenge pricing and drawdown model aren't in the record.
Prop Spread's editors feature it. It's measured with the same pipeline, the same commission maths and the same publication checks as every firm, and being featured never moves it up. Its terms can change, so confirm them on institutional-funding.com before buying an evaluation.
Where it's strong
- A published two-business-day payout processing commitment, faster on paper than the cycle-based schedules most rivals publish.
- The lowest published forex and metals commission among the firms we track: $3 per lot round turn.
- Execution infrastructure through a named, FSCA-licensed counterparty.
Trade-offs to weigh
- A shorter public record than the established firms: less third-party documentation, fewer published process details and no licence of its own.
- On index CFDs its $3 commission is a cost the other three firms don't charge.
- The 20 percent single-day consistency rule is a real constraint for burst-style traders: one outsized day can make an otherwise passing account non-compliant.
Who it may suit
Traders for whom commission is the deciding line item, and traders who value fast payout processing over a long track record. Traders whose strategy concentrates profit into single large days should read the consistency rule carefully before paying.