IC Funded prop firm offers funded account challenges with up to 80% payouts. The funding range for the IC Funded 2-step challenges is between 5k and 500k USD amounts and the firm promises generous leverage. However, all funded challenges are only simulated accounts and traders are never able to access live markets, which raises some red flags.
In today’s IC Funded review, we will assess the firm’s critical features such as safety, rules, funding options, assets, platforms, fees, support, and much more. After reading this review, you will define whether IC Funded can be trusted.
Pros & cons of IC Funded prop firm
Pros
- Ability to withdraw with $0 fees
- One-time challenge fees are relatively low, starting at $49 for $5,000 funded accounts
- Fast and digital account opening/verification
- Most payment options are free and instant
- Basic articles available for traders
- No phone support and limited language options
Cons
- Lacks safety: few trader reviews, lacks experience, and no broker backup
- Does not offer access to advanced platforms like MT4 and MT5
- Only offers a single two-step evaluation program
- Limited assets (Forex, indices, commodities, and equities) with no crypto trading
- No overnight or weekend holding and only personal EAs allowed
Safety of IC Funded — 0
IC Funded reviews are severely lacking on the FPA platform, indicating the firm does not have much coverage from traders. Trader reviews are one of the most important factors when it comes to safety, and IC Funded lacks them on the most reputable platform. On Trustpilot, the firm also has a few reviews, below 100, and around 10% of these reviews are 1-star evaluations, which is a red flag. The number of trader reviews being low is natural, as the firm was established in 2024, giving it very little experience in the prop trading industry. All funded accounts offered by IC Funded are virtual or demo accounts and traders won’t get live market access even after getting funded, which is yet another downside of the firm.
The firm gets a 0 score in this section, as the firm is young, lacks trader reviews, and only provides demo trading without regulated broker backup.
IC Funded Funding and maximum capital allocation – 3
IC Funded funded programs lack diversity as the firm only offers one funded challenge, which is a 2-step evaluation program. The 2-step IC Funded funding requires raiders to hit profit targets twice to get funded while maintaining strong risk control.
IC Funded challenges offer the following funded amounts: 5k, 10k, 25k, 50k, 100k, 250k, and 500k USD.
IC Funded scaling plan is not available at the moment which is a downside for the firm. The maximum funded amount by default is high at 500k USD but a decent scaling plan to grow your funded account is always a needed feature in prop trading.
Overall, IC Funded gets a 3 score in this section for offering an average experience when it comes to funded accounts.
IC Funded Assets – 2
IC Funded prop trading is possible by speculating on several markets like Forex pairs, indices, commodities, and equities. The leverage level allowed includes 50:1 on FX/Gold, 10:1 on indices and other commodities, and 5:1 on equities. The firm lacks cryptos, which is a big downside as these assets are very popular among traders.
Overall, the firm gets a 2 score in this section for lacking popular assets, including cryptos.
IC Funded Trading rules and limitations – 1.5
IC Funded rules require traders to maintain strict control of their risks and achieve profit targets twice. The first profit target in phase 1 is 10%, and it is reduced to 5% for phase 2. After reaching both profit targets, traders get funded and start trading on virtual or demo accounts for profits. The daily risk limit is 5% and the maximum drawdown is capped at 10%. EAs are only allowed if the trader owns the code and does not use it for copy trading. The firm does not allow overnight trading and weekend holding.
Overall, the firm gets a 1.5 score in this section for offering strict rules.
IC Funded Fees – 2.5
The one-time fees for challenges are actually competitive at IC Funded. Here are all the pricing for challenges:
- Funded amount: 5,000 USD – One-time fee: 49 USD
- 10,000 USD – 99 USD
- 25,000 USD – 149 USD
- 50,000 USD -289 USD
- 100,000 USD – 499 USD
- 250,000 USD – 1,249 USD
- 500,000 USD – 2,498 USD
The 49 USD is a very low price and eliminates entry barriers for beginners, but the firm’s safety is terrible, and we do not recommend anyone opt for this firm.
IC Funded free trial is not offered at the moment and the IC Funded free repeat is not available either, requiring traders to purchase a challenge if they fail the evaluation.
Overall, the firm gets a 2.5 score in this section.
IC Funded Platforms – 0.9
IC Funded lacks any advanced trading platforms. The firm does not offer MT4, MT5, or any popular and capable trading platforms. There is only a custom web trading platform which is inferior to advanced trading software, making it difficult to properly analyze markets before making trading decisions.
The firm receives a 0.9 score in this section for a horrible experience when it comes to trading platforms.
IC Funded Profit-Sharing – 1.5
IC Funded profit split starts at 75% and traders can achieve up to 80% payouts after a month of active trading on a funded account. There is a minimum withdrawal amount of 20 dollars for bank card withdrawals and a 50 USD minimum amount for crypto payments.
The firm receives a 1.5 score in this section for lacking higher payouts than 80%.
Education and trading tools at IC Funded – 1.5
The firm offers a very well-ordered educational section where traders can choose between different articles and topics. However, there are no other sources for education such as webinars, video guides, or courses offered which is a downside.
As a result, the firm gets a 1.5 score in this section as it only offers articles.
Customer Support at IC Funded – 2.4
IC Funded customer support experience is offered via live chat and email channels. There is no dedicated page for the support and live chat is built inside the website. Email is indicated at the bottom of the website. Both the website and support are only available in the English language, which is yet another downside of the firm. The lack of phone support is a red flag, as reliable prop firms never hide their phone numbers.
Overall, the firm receives a 2.4 score in the support section.
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