The prop firm landscape in 2025 is packed with promises—“90% profit split,” “instant funding,” “zero drawdown limits.” But behind the buzzwords, very few firms offer what serious traders actually need: great trading conditions, realistic rules, and reliable payouts.
That’s where IC Funded comes in. Backed by IC Markets, one of the most respected retail brokers in the world, IC Funded has carved out a niche by offering institutional-grade trading environments, fair evaluation models, and a no-nonsense approach to funded trading.
In this review, we’ll break down exactly what IC Funded brings to the table, what kind of traders will benefit the most, and how it stacks up against more established players.
Company Overview – Who’s Behind IC Funded?
IC Funded launched in 2023, and while it’s relatively new to the prop firm scene, it comes with a major asset: a strategic alliance with IC Markets. This isn’t just a white-label relationship or an API integration—IC Funded is built on IC Markets’ infrastructure, giving traders access to raw spreads, ultra-fast execution, and stable pricing.
IC Markets is a well-established broker, regulated in multiple jurisdictions (including ASIC, CySEC, and SCB) and trusted by retail and institutional traders alike. Its reputation for deep liquidity and low-cost trading conditions adds a significant layer of trust to IC Funded.
Why this matters:
- You’re not just trading on a random simulation account.
- The trading conditions replicate real market environments.
- Execution is lightning fast, which benefits scalpers and EA users.
The foundation of this prop firm is robust, transparent, and professional—a rare combo in an industry filled with smoke and mirrors.
Evaluation Model – The Challenge (Without the Clock)
IC Funded runs a two-phase evaluation process designed to test not just whether you can be profitable, but whether you can stay consistent and control risk.
Phase 1: The Evaluation Stage
In the first phase, traders are required to:
- Hit a 10% profit target
- Stay within a 5% daily drawdown
- Not exceed a 10% total drawdown
- Trade for at least 5 separate days
- Complete the challenge with no time limit
That last point is key. Many prop firms put pressure on traders to hit aggressive targets within 30 days. IC Funded removes that constraint, allowing you to trade at your pace. You’re not penalized for being patient.
This format suits swing traders, part-time traders, or anyone who prefers a methodical, data-driven approach over aggressive lot sizing and one-shot wins.
Phase 2: The Verification Stage
The second stage brings down the profit target to 5%, with all other rules staying the same:
- 5 trading days minimum
- Same 5% daily and 10% max drawdown
- Still no deadline
This stage is meant to confirm consistency, not to trick you. If you pass Phase 1 using good risk management and discipline, Phase 2 is simply a continuation.
Consistency & Risk Control
One thing IC Funded emphasizes is trading consistency. That means no random 10-lot trades in the middle of a 0.5-lot series. They monitor for erratic position sizing or anything that looks like trying to “game the system.”
If your strategy naturally involves scaling or dynamic risk, you’ll need to explain that in your trading notes or trade journal. IC Funded isn’t trying to punish creativity—but they are trying to avoid funding reckless traders.
Account Sizes & One-Time Fees
IC Funded offers seven account sizes, each with a one-time entry fee:
| Account Size | $5,000 | $10,000 | $25,000 | $50,000 | $100,000 | $250,000 | $500,000 |
| Fee | $49 | $99 | $149 | $289 | $499 | $1,249 | $2,498 |
These fees are competitive, especially at the smaller levels. The $100K challenge at $499 is in line with major firms like FTMO and True Forex Funds, but the fee refund upon your first funded withdrawal adds significant value.
There are also frequent promotions—discount codes floating around offering 15–25% off, especially during holidays or special launches. This makes getting started even more accessible.
And remember, you’re only paying once. No monthly subscriptions, no maintenance fees. If you pass, the account is yours to trade indefinitely—as long as you follow the rules.
Profit Split & Payouts – Keep More of What You Make
IC Funded starts you at a 75% profit split, which increases to 80% after your first month of trading on a funded account. You’re also eligible for bi-weekly withdrawals, not just monthly—giving you faster access to your profits.
Key payout facts:
- First withdrawal available 14 days after first trade
- Payouts can be requested every 14 days
- Options include bank wire, Skrill, and crypto
- No internal withdrawal fees
- Challenge fee is refunded with your first withdrawal
This system is built for active traders who want to treat their prop account like a real income stream. You’re not locked into long payout cycles, and you’re not punished for withdrawing early.
Comparisons:
- FTMO: 80% standard, up to 90% with scaling
- The Funded Trader: 80% → 90%
- MyFundedFX: 80–85%
- IC Funded: 75% → 80%, but arguably makes up for it with better spreads and execution
Even if other firms offer a slightly higher split, IC Funded’s tight spreads and commission-only model mean you might actually keep more in net profits.
Trading Conditions – Real Raw Feeds, Real Edge
Let’s break this down because it’s where IC Funded truly shines.
Platforms Supported:
- MetaTrader 4 (MT4) – Great for EAs and simplicity
- MetaTrader 5 (MT5) – Modern, multi-asset, more timeframes
- cTrader – Transparent, fast, and preferred by many pros
Few prop firms support cTrader. IC Funded does. That’s a big win for traders who want depth-of-market visibility, custom indicators, and level 2 order flow tools.
Leverage:
- Forex & Gold: 1:50
- Indices & Commodities: 1:10
- Stock CFDs: 1:5
While this is lower than firms like TFT or MFF (which offer 1:100 or even 1:200), it supports longevity over gambling. Risk-conscious traders will appreciate this approach.
Markets Available:
- 60+ forex pairs (majors, minors, exotics)
- Major indices like NASDAQ, Dow, S&P500, DAX
- Metals like gold (XAU/USD) and silver (XAG/USD)
- Commodities such as oil and natural gas
No crypto or individual stock CFDs currently. This might be a downside for traders who focus on Bitcoin or high-flying equities like Tesla or Nvidia.
Spreads & Commissions:
- Raw spreads from 0.0 pips
- $7 per lot round turn commission
- No markups, no hidden slippage
This alone makes IC Funded a go-to for scalpers, news traders, and high-frequency systems. You’re working with real ECN pricing, not inflated broker simulations.
Trading Style Compatibility
Here’s what’s allowed:
✅ Holding trades overnight or over weekends
✅ News trading (no blackout periods)
✅ Algorithmic & EA trading (as long as it’s stable)
✅ Hedging strategies
✅ Manual discretionary strategies
✅ Scaling up (you can upgrade to higher account tiers)
And what’s not:
🚫 Copy trading or mirroring across accounts
🚫 Latency arbitrage / high-frequency abuse
🚫 Over-leveraging or spiking lot sizes
🚫 Account inactivity (30+ days without a trade = closure)
Overall, IC Funded is incredibly flexible, but not a playground for traders trying to “beat the system.” It encourages professional habits and consistency, while allowing creativity and freedom within reason.
Dashboard, Support & Community
The client dashboard is modern and intuitive. You can monitor:
- Daily and overall drawdown
- Profit/loss metrics
- Trade history
- Time spent in each phase
Customer support is available 24/7 via live chat, with solid response times and knowledgeable agents. You can also reach them via email for more technical queries.
The firm also maintains an active presence on:
- Instagram – For promo codes, trader shout-outs
- YouTube – For challenge walkthroughs and Q&As
- Reddit – Frequently discussed in prop firm communities
IC Funded doesn’t have a “rah-rah hype” culture. It positions itself as a platform for professional traders, not a lottery ticket.
How IC Funded Stacks Up – Honest Comparison
| Feature | IC Funded | FTMO | The Funded Trader | MyFundedFX |
| Max Account Size | $500,000 | $400,000 | $600,000+ | $600,000 |
| Time Limits | None | 30 days | 30–60 days | 30–60 days |
| Spreads | Raw (0.0) | ~1 pip | ~0.8–1.2 pips | 0.5–1.0 pips |
| Profit Split | 75–80% | 80–90% | 80–90% | 80–85% |
| Platforms | MT4/MT5/cTrader | MT4/MT5 | MT4/MT5 | MT4/MT5 |
| Crypto Available | No | Yes | Yes | Yes |
| News Trading | Yes | Yes | Yes | Yes |
Final Verdict – Should You Go With IC Funded?
If you’re a serious trader looking for real funding, IC Funded is absolutely worth your time.
- You get raw spreads and pro-level execution
- You aren’t rushed by tight deadlines
- You’re allowed to trade like a professional
- You get to keep 75–80% of your profits
- You’re refunded your entire challenge fee
It’s not the flashiest firm. But it might be the most grounded, most honest, and most performance-driven.
Final Score: 9.2/10 – A prop firm built for traders who mean business.
