IC Funded at a glance
An established prop trading firm, reviewed by the Tradelytic team and rated by traders.
IC Funded is a proprietary trading evaluation firm established in 2024, offering simulated funded accounts through 1-Step Accelerated, 2-Step Professional and Instant Funded programmes. The company is associated with the IC Markets group and provides access to forex, indices, commodities and cryptocurrencies through MetaTrader 5 and cTrader.
Its 2-Step Professional challenge requires 10% profit in phase one and 5% in phase two, with 5% daily and 10% static maximum drawdown limits. The 1-Step Accelerated programme offers a faster evaluation route, while Instant Funded removes the challenge phase entirely.
Eligible traders receive an 80% standard profit split, upgradeable to 90% on selected evaluation programmes. Payouts follow a 14-day cycle, with weekly options available as an add-on. However, profitable-day requirements, news trading restrictions and mixed independent customer feedback deserve attention before purchasing.
Our verdict
The Tradelytic editorial assessment — independent of any commercial relationship.
IC Funded offers an appealing combination of structured challenges, familiar trading platforms and clearly defined risk limits. The 2-Step Professional programme stands out with its 10% static drawdown, while MT5 and cTrader support provide flexibility. An 80% standard profit split, optional 90% upgrade and challenge fee refund after the third payout are additional advantages.
The main limitations are the 14-day payout cycle, profitable-day requirements and restrictions on funded news trading and weekend holding. Independent reviews are mixed, with some traders praising payouts and support while others report account closures and withdrawal disputes.
Our take: IC Funded is worth considering for disciplined forex and CFD traders who prefer structured evaluations, but understanding every risk and payout rule is essential.
Pros & cons
The honest summary, weighed from our testing and trader feedback.
- Broker-associated infrastructure and familiar trading platforms
- 1-Step, 2-Step and Instant funding options
- 10% static drawdown on 2-Step Professional
- 80% standard profit split, upgradeable to 90%
- MT5 and cTrader available at no additional cost
- No maximum evaluation time limit
- Challenge fee refunded after the third payout
- First payout requires five qualifying profitable days
- Funded news trading restricted around major releases
- Weekend holding not permitted on 2-Step Professional
- Instant Funding uses tighter risk limits
- Mixed feedback about payouts and account terminations
Who it's for
Here's how to tell if this prop firm is right for you.
- Prefer structured forex and CFD prop trading evaluations
- Want a 10% static drawdown on a 2-Step challenge
- Trade using MetaTrader 5 or cTrader
- Value an optional 90% profit split
- Can consistently meet profitable-day requirements
- Need unrestricted funded news trading
- Regularly hold forex positions over weekends
- Want immediate payouts without qualification periods
- Prefer less restrictive account monitoring policies
- Require a regulated brokerage account with real capital
Fees & platforms
What it costs to trade, and what you'll trade on.
IC Funded offers three funding programmes with different evaluation requirements, drawdown limits and trading conditions. Challenge fees depend on the selected account size and programme, while optional upgrades can affect profit splits and payout frequency. Traders should compare total costs and account restrictions before purchasing.
IC Funded Evaluation Tiers & Pricing
IC Funded offers three main routes to simulated funding:
- 2-Step Professional: Two evaluation phases with 10% and 5% profit targets, 5% daily drawdown and 10% static maximum drawdown. A $5,000 challenge is advertised at $74.
- 1-Step Accelerated: One evaluation phase with a 10% profit target, 3% daily drawdown and 6% maximum drawdown.
- Instant Funded: No evaluation or profit target. Traders start directly on a simulated funded account with 3% daily drawdown and 5% maximum drawdown.
Account sizes vary by programme, with advertised selections reaching $500,000. Evaluation programmes offer an 80% standard profit split, upgradeable to 90%, while Instant Funded maintains an 80% split.
Pricing changes by account size, optional upgrades and promotions, so traders should confirm the final checkout fee before purchasing.
IC Funded Drawdown & Risk Rules
IC Funded applies programme-specific daily and maximum loss limits. The 2-Step Professional challenge uses a 5% daily drawdown and 10% static maximum drawdown, measured against the initial account balance for the overall limit.
On a $100,000 2-Step account, the static maximum loss threshold is $90,000. Daily drawdown calculations also consider account equity, meaning floating losses can trigger a breach even before positions are closed.
The 1-Step Accelerated programme operates with tighter 3% daily and 6% maximum loss limits. Instant Funded uses 3% daily drawdown based on previous end-of-day equity and 5% maximum drawdown linked to the highest end-of-day equity.
These differences make position sizing particularly important. Traders should review how each programme calculates equity and daily resets before starting.
IC Funded Profit Split & Account Scaling
IC Funded offers an 80% standard profit split on eligible simulated funded accounts. Traders purchasing 1-Step Accelerated or 2-Step Professional challenges can select an optional upgrade to increase their share to 90%, subject to the applicable add-on conditions.
Instant Funded accounts retain the standard 80% split. IC Funded also promotes account scaling for consistently profitable traders, with a maximum total funded allocation of $500,000 per trader across permitted accounts.
However, the published materials do not fully specify every scaling milestone and required performance threshold. Traders planning to scale beyond their initial balance should confirm the current conditions with IC Funded before purchasing additional accounts.
IC Funded Payout Policy
IC Funded uses a structured payout system with standard withdrawals available every 14 calendar days. Weekly payouts may be available as a paid add-on on qualifying evaluation programmes.
- First payout: Minimum 14 calendar days and five profitable trading days.
- Second payout: Another 14-day cycle and three profitable trading days.
- Third payout onwards: A minimum 14-day cycle with no profitable-day requirement.
A qualifying profitable day must generate at least 0.5% of the initial account balance in daily profit.
Payouts are processed through RISE, subject to account verification and eligibility checks. The published minimum withdrawal is 1% of account balance. For 1-Step and 2-Step programmes, the applicable challenge fee is refunded with the third successful payout.
Although IC Funded advertises verified trader payouts, independently audited company-wide payout statistics were not identified in the reviewed sources.
IC Funded Trading Rules & Restrictions
IC Funded permits news trading during the 2-Step Professional evaluation phases, but simulated funded accounts restrict trading within three minutes before or after designated high-impact economic announcements.
Weekend holding is not permitted on the 2-Step Professional programme, including its evaluation phases. Traders must also complete three active trading days in each evaluation phase.
A stop-loss order is not mandatory, although traders remain responsible for observing the applicable loss limits. Practices such as latency arbitrage, coordinated opposite positions, market manipulation and exploitative high-frequency trading are prohibited.
IC Funded's terms also allow account reviews, trading restrictions or termination when prohibited or inconsistent trading behaviour is identified. Traders using automated strategies or multiple accounts should confirm permitted activity before trading.
IC Funded Trading Platforms & Markets
IC Funded provides access to MetaTrader 5 and cTrader without additional platform licence fees. Both platforms support desktop, web and mobile trading.
MetaTrader 5 offers advanced charting, technical indicators, Expert Advisors and automated strategy development. cTrader provides a modern trading interface with advanced order management, charting and algorithmic trading capabilities.
Available markets include forex, indices, metals, energy commodities and cryptocurrency CFDs. On the documented 2-Step Professional programme, maximum leverage is 1:50 for forex, 1:20 for indices and commodities, and 1:2 for cryptocurrencies.
Actual spreads, commissions and trading conditions can vary by instrument and account configuration. Traders should review the platform's contract specifications rather than assuming identical execution costs across all markets.