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IC Funded Review: A New Rising Prop Firm in 2025

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IC Funded Review

IC Funded Review: Our Opinion

IC Funded stands out for its unlimited trading evaluation retries, high-profit gain share of up to 80%, low evaluation fees, and a large selection of 150+ tradable instruments.

Also, based on our first-hand use we found that their evaluation/funded accounts support popular trading platforms including cTrader, MetaTrader 4, and MetaTrader 5. This made the trading experience easy as there was no need to learnnavigating a new platform.

IC Funded generally provides a holistic funded trading experience that captures everything an industry-standard prop firm should offer.

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4.5/5
Table of Contents
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    An Overview of IC Funded

    IC Funded Home Page

    IC Funded is headquartered in 8/F Sun House, 90 Connaught Rd Central, Hong Kong. It is owned and managed by Finocom Services Ltd.

    The company offers funded accounts to traders who pass their evaluation process. However, it does not provide its services to residents of the United States or Canada.

    All funds it provides are virtual in a simulated environment that mimics the real market to enable the firm to test traders’ skills for consistency and risk management.

    Behind IC Funded there is IC Markets, a well-known provider of FX services and ECN trading capabilities, taht has ventured into the proprietary trading space. This collaboration leverages IC Markets’ robust infrastructure, advanced trading platforms, and deep liquidity pools to support the operations of IC Funded.

    Pros

    Cons

    IC Funded Reviews

    IC Funded has a 4.1 / 5-star overall rating on Trust Pilot with 80% of users giving the prop firm a 5-star review. Most traders applaud the prop firm’s swift customer support, with a particular trader stating that the customer service team helped him change his trading platform after picking the wrong one at sign-up.

    In general, traders state that IC Funded is hassle-free and enables them to focus on trading.

    Key Features of IC Funded

    Unlimited Retries

    Traders who do not pass the evaluation get the chance to retry. There are no restrictions to the amount of retries a trader gets on IC Funded.

    This is different from what is available on most prop firms, as unlimited retries are not common in the industry. Prop firms that offer retries often limit the number of attempts.

    IC Funded unlimited tries allow traders to learn from each failed attempt, perfect their trading strategies, and implement necessary risk management strategies without recurring costs. They do this by providing training programs and educational materials that can help improve trader trading style and risk management.

    IC Funded Affiliate Program

    IC Funded Affiliate program

    The IC Funded affiliate program allows partners and affiliates to earn commissions by promoting the prop firm.

    To join the IC Funded affiliates program, complete the affiliate registration form on the IC Funded website. Next, their team will review your application and approve it if you meet the requirements. Once your application is approved, you will be given access to your affiliate dashboard to track your commissions, referrals, and performance metrics.

    IC Funded pays affiliates up to 12% commission.

    The affiliate program is suitable for both beginners and experienced marketers. All affiliates have access to comprehensive tools and marketing resources that can help them optimize their campaigns. IC Funded also offers dedicated customer support to all affiliates.

    Evaluation Process

    IC Funded offers a 2 phase evaluation process. In both phases, traders are given a simulated trading account with specific trading objectives to hit. To access funded accounts traders must display their proficiency in gaining profit consistently, trading style implementation, and risk management. Plus, traders must achieve the following profit targets: 10% gain for phase 1 of the challenge and 5% profit for phase 2 of the challenge.

    The virtual amount provided for the trading evaluation differs based on the account size you buy. Each account size has different daily and max drawdowns in dollar amounts (10% maximum loss) based on the tradable amount provided.

    If the virtual balance provided on the trading evaluation account hits the daily drawdown, which is 5% of the account value, you will lose access to the challenge account.

    Also, if you hit the maximum drawdown (10%), you will lose the evaluation account and need to retry.

    Here is a breakdown of the trading evaluation rules:

    Trading Account Evaluation

    • Profit Target: 10% for Phase 1 and 5% for Phase 2.

    • Minimum or Maximum Trading Days: 5 days minimum and an unlimited number of days for trading

    • Maximum Daily Loss: 5%

    • Maximum Loss: 10%

    • Supported Leverage: 50:1 on Gold and Forex instruments, 5:1 on equities, and 10:1 on indices.

    • Live Account Profit Gain: Successful traders get a 75% profit share and after a month receive 80% of gains generated.

    The evaluation rules remain the same for all account sizes (up to $500,000).

    Evaluation Fees, Charges, and Profit-Share

    IC funded fees for the different funded account sizes

    To access funded accounts, traders must pay for trading evaluation. The fee determines the funded account size you receive after passing the evaluation process and the account size for the challenge.

    Here are the fees charged to begin trading evaluation:

    • $49 for a $5,000 funded account
    • $99 for a $10,000 funded account
    • $149 for a $25,000 funded account
    • $289 for a $50,000 funded account
    • $499 for a $100,000 funded account
    • $1,249 for a $250,000 funded account
    • $2,498 for a $500,000 funded account

    Note that upon payment of the trading evaluation fee, you gain access to not just the IC Funded evaluation and its simulated trading environment but educational content to help improve your trading skills.

    You also cannot incur losses beyond the fee paid for the account if you fail to pass the challenge. Plus, IC Funded refunds traders the evaluation fee when paying out their first profit split from an IC Funded account, after they’ve completed the evaluation process. There are no fees for withdrawing from IC Funded but intermediary financial institutions may charge fees.

    Concerning the profit split, IC Funded offers successful traders 75% of gains made for the first month of trading with them. After a proven track record of consistent gains for a month, IC Funded increases the profit split on the trader’s end to 80%.

    Tradable Instruments on IC Funded

    IC Funded supports over 150 tradable instruments. This includes Forex (Majors, Minors & Exotics), Energies, Metals, and Indices CFDs.

    Forex

    Forex Majors

    IC Funded supports 4+ forex majors:

    • Australian Dollar vs US Dollar (AUDUSD)
    • Euro vs US Dollar (EURUSD)
    • Great Britain Pound vs US Dollar (GBPUSD)
    • US Dollar vs Canadian Dollar (USDCAD)
    • US Dollar vs Swiss FRANC (USDCHF) and US Dollar vs Japanese YEN (USDJPY)

    Forex Minors

    IC Funded supports the trading of over 20 forex minor pairs.

    Some supported pairs include the Australian Dollar vs Canadian Dollar (AUDCAD), Australian Dollar vs Swiss Franc (AUDCHF), New Zealand Dollar vs Japanese Yen (NZDJPY), and US Dollar vs Singapore Dollar (USDSGD).

    Forex Exotics

    IC Funded supports the trading of more than 25 Forex Exotics. Supported trading pairs include the Euro vs Norwegian Krona (EURNOK), Euro vs Polish Zloty (EURPLN), Euro vs Swedish KRONOR (EURSEK), and the Great Britain Pound vs Danish Kroner (GBPDKK)

    Energies

    IC Funded supports 2 Energies:

    Brent Oil vs US Dollar (XBRUSD) and Crude Oil vs US Dollar (XTIUSD)

    Metals

    Currently IC Funded only supports the trading of Silver vs US Dollar (XAGUSD) and Gold vs US Dollar (XAUGSD).

    Indices CFDs

    IC Funded supports the trading of over 20 Indices CFDs.

    Some supported indices include the Australia 200 Index (AUS200), Canada 60 Index (CA60), FTSE China A50 Index (CHINA50) Hong Kong China H-shares Index (CHINAH), and the US Wall Street 30 Index (US30).

    Is IC Funded Legit?

    IC Funded is a reputable proprietary trading firm owned and operated by Finocom Services Ltd, Company 3150268, Room 10, 8/F Sun House, 90 Connaught Rd Central Hong Kong.

    IC Funded does not offer brokerage services, trading services, or keep custody of investor funds.

    The prop firm offers only virtual accounts to all traders within the challenges.

    Security: Is IC Funded Safe to Use?

    IC Funded is a secure proprietary trading firm headquartered in Hong Kong. IC Funded does not hold client deposits or require traders to deposit any trading capital. The only payment made by traders is the evaluation fee.

    All trading done by IC Funded is in a simulated environment with virtual funds.

    The prop firm has several security measures in place to ensure a secure trading environment and the privacy of users’ data. It employs industry-standard encryption to safeguard users’ information from unauthorized access or interception.

    IC Funded is compliant with Counter Terrorism and Anti Money Laundering regulations. It also prohibits activities such as layering/spoofing and wash trading. Users who engage in any of the forbidden practices may have their accounts suspended or terminated.

    Trading Conditions on IC Funded

    The following trading conditions are placed by IC Funded:

    • Minimum Trading Days: IC Funded requires all users undergoing its evaluation challenge to trade for at least 5 calendar days if they are to pass. A trading day is defined as any day the trader opens or closes a position.
    • News Trading: IC Funded allows news trading
    • Weekend Trading: Funded traders must close all positions on Friday
    • Stop Loss: Users do not have to use a stop loss on all trades
    • Consistency Rule: The consistency rule requires that traders exhibit consistent trading behavior from evaluation to funded account trading.
    • Copy Trading: Copy trading isn’t allowed but you can use Expert Advisors provided they don’t offer copy trading functionalities.

    Trading Experience

    IC Funded offers a trading experience suited to both experienced traders and beginners. It has relaxed trading rules and a robust education section for beginners. The prop firm also supports popular trading platforms like MetaTrader, which makes trading seamless as you don’t have to first figure out how to use a new software.

    You can also use Expert Advisors to trade allowing the automation of proven trading strategies. Other aspects like the daily and max drawdowns are the industry average (5% and 10%). So users with prop firm trading experience won’t have difficulties understanding the drawdowns.

    IC Funded also has a community where traders can discuss with each other and share trading ideas, which introduces a social aspect to the experience.

    Different Platforms Used to Trade

    IC Funded offers 3 trading platforms including: cTrader, MetaTrader 4, and MetaTrader 5. You can choose the trading platform of your choice when you’re paying for an evaluation account.

    Does IC Funded Offer Education?

    IC Funded Learning Hub

    Yes, IC Funded offers educational resources including courses, trading platform tutorials, and trading expert interviews. The courses include video and written articles that cover a wide range of topics including technical analysis, trading strategies, etc.

    How Does IC Funded Compare with Other Prop Firms

    IC Funded offers more relaxed trading rules and lower fees in comparison to its 2 main competitors FTMO and Topstep. Both competitors charge high evaluation fees with Topstep charging a monthly subscription fee. IC Funded also offers refunds after passing the evaluation, which neither FTMO nor Topstep offers.

    Final Thoughts

    IC Funded stands out from the plethora of prop trading firms by offering unlimited retries on challenges, low evaluation fees, refunds on evaluation costs, and relaxed trading conditions. The funded account program also supports the most popular trading platform MetaTrader 4 and 5 as well as cTrader.

    Inexperienced traders can benefit from the prop firm’s vast educational resources including expert guidance, trading courses, platform tutorials, and more. Generally, the prop firm succeeds in providing comprehensive evaluations that adequately measure consistency and risk management.

    FAQ

    Most frequent questions and answers

    Yes, IC Funded is a legit prop firm headquartered at 8/F Sun House, 90 Connaught Rd Central, Hong Kong.

    No, IC Markets is a regulated Forex and CFD provider while IC Funded is a prop firm providing comprehensive evaluations for access to funded accounts. 

    However, they are involved with each other through a partnership where IC Markets provides infrastructure and trading platforms for IC Funded’s operations.

    The IC Markets has a cooperative relationship with IC Funded, a platform that allows users to earn funding for trading after passing a 2 phase evaluation.

    IC Funded uses IC Markets.

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