IC Funded Prop Firm Review – What You Need to Know in 2026
IC Funded is a proprietary trading firm launched in late 2024 in partnership with IC Markets, one of the world's largest and most established forex/CFD brokers. It offers a deliberately simple, no-frills evaluation model – a 1-Step Accelerated and a 2-Step Professional challenge – across account sizes from $5,000 up to $200,000, with performance scaling to $500,000. What sets it apart from most newer firms is the broker pedigree behind it: traders get IC Markets-style execution and some of the tightest spreads in the prop space, inside a fully simulated environment. Funded traders keep up to 80% of profits on a fixed 80/20 split, with bi-weekly payouts and a challenge-fee refund issued after the third payout. The firm leans on transparency, clear rule structures, and a back-to-basics evaluation philosophy reminiscent of the original FTMO model.
IC Funded Best suited for:
- Traders who value an established broker (IC Markets) behind a newer firm
- Those wanting tight spreads & clean execution for scalping/intraday
- Forex, indices, metals & commodities traders comfortable with simulated accounts
- Serious, consistent traders who treat prop trading like a business
- Traders wanting a simple classic 2-step path or a faster 1-step route
- Those targeting large $500K scaling potential
Pros of IC Funded
Pros
Backed by IC Markets – strong broker pedigree & infrastructure- Among the tightest spreads in the prop space
- Up to 80% profit split (fixed 80/20)
- $500K scaling potential
- Both 1-Step & 2-Step routes
- Unlimited time on evaluations
- One-time fee, no recurring charges
- Challenge fee refunded after 3rd payout
- News trading allowed
- EAs permitted (own code)
- Affordable entry from $74
- MT5 with MT4/cTrader on select accounts
Cons
Simulated trading only- Newer firm – limited long-term track record (launched late 2024)
- Smaller Trustpilot review base than established rivals
- Fee refund only after 3rd payout (slower than first-payout refunds elsewhere)
- No instant funding option
- Copy trading prohibited
- Flatten Friday / weekend-hold restrictions on some programs
- 45% consistency rule on 1-Step
- Verify rules personally & start small
How Does IC Funded Work? (Step-by-Step Guide)
- Choose your route – 1-Step Accelerated (faster) or 2-Step Professional (structured) – and an account size from $5K to $200K, then pay the one-time challenge fee
- Phase 1: hit a 10% simulated profit target while respecting daily and max drawdown limits, trading a minimum of 3 days with no time limit
- (2-Step only) Phase 2: hit a 5% target under the same risk discipline
- Pass KYC identity verification to unlock your simulated funded account
- Trade the funded account on an 80/20 split and request bi-weekly payouts once eligibility (min 14 days + qualifying profitable days) is met
- Scale toward the $500K cap based on consistent performance
- Your challenge fee is refunded after the third payout
IC Funded Account Types & Funding Options
- 1-Step Accelerated & 2-Step Professional
- 2-Step Professional – Phase 1 (10% target) + Phase 2 (5% target)
- 1-Step Accelerated – single 10% target with 45% consistency rule
- Both unlimited time, min 3 trading days per step
- Simulated funded account on 80/20 split
- MT5 (MT4/cTrader on select accounts)
- Account sizes $5K, $10K, $25K, $50K, $100K, $200K
- Scaling to $500K
- One-time fees from $74 (2-Step) / $154 (1-Step) up to ~$2,500
- No recurring charges
- Fee refunded after 3rd payout
Profit Targets & Payouts
- Profit split fixed 80/20 (up to 80% to trader)
- Bi-weekly payouts (every 14 days)
- First payout: min 14 days + 5 profitable trading days, each profitable trade ≥0.5% of balance
- Min withdrawal 1% of account balance
- No IC Funded withdrawal fees (intermediary/bank fees may apply)
- Methods: bank wire, Skrill, crypto
- Challenge fee refunded after 3rd payout
Leverage & Trading Conditions
- Leverage: FX up to 1:50 (1:30 majors on 1-Step), Indices/Metals/Commodities up to 1:20, Crypto up to 1:2, Equity CFDs up to 1:5
- Spreads/commissions: IC Markets-style raw pricing – among the tightest in the prop sector
- Execution: simulated environment on IC Markets infrastructure
- Drawdown (2-Step): Phase 1 4% daily / 8% max, Phase 2 5% daily / 10% max
- Drawdown (1-Step): 3% daily / 6% max
- Drawdown is equity-based (includes open positions), daily resets 00: 00 server time
- News trading allowed
- Flatten Friday required on relevant programs
- No hidden fees
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- All legitimate strategies
- Scalping
- Day trading
- Swing trading
- News trading
- EAs/bots (must own the code, no copy trading, no server overload)
- Hedging within the same account (check rules)
Restricted Trading Strategies
- Copy trading (between IC Funded accounts or across firms)
- Latency/arbitrage exploitation
- Quote/price manipulation
- Exploiting platform or simulated-environment weaknesses
- Account sharing/collusion
- Any practice abusing the simulated environment
How Long Does It Take to Get Funded by IC Funded?
- 1-Step Accelerated – fastest route, days to weeks (no time limit)
- 2-Step Professional – typically weeks depending on skill (no time limit)
- Min 3 trading days per step
- No instant funding option
How Long Has IC Funded Been Around?
Soft-launched in late 2024 as the proprietary-trading arm associated with IC Markets, one of the largest global forex/CFD brokers; Built on a deliberately classic, FTMO-style two-step evaluation model rather than chasing gimmicks; Grew through 2025 on the strength of its broker partnership, tight spreads and large $500K scaling cap; Positioned as a credibility-first newer firm leveraging established broker infrastructure
Who Owns IC Funded? (Founder & Company Background)
Operates in partnership with IC Markets, a globally recognised, multi-regulated broker known for raw spreads and fast execution; Headquartered in Saint Lucia (Rodney Bay, Gros-Islet), with the offshore structure typical of simulated-funding firms; Run by a professional team rather than a publicly fronted CEO; All accounts are simulated/demo – IC Funded states it does not act as a broker, hold client funds or execute in live markets; Trades on IC Markets-style execution and pricing
What Can You Trade with IC Funded? (Supported Markets & Assets)
150+ instruments; Forex (majors, minors, crosses); Indices; Metals (incl. gold); Commodities/energies; Crypto CFDs; Equity/share CFDs; Broad multi-asset coverage via IC Markets liquidity; Simulated access
Does IC Funded Offer Education & Trader Support? (Learning Resources & Coaching)
Educational resources accessible after free registration – webinars with experts, tutorials, market data and news updates (no challenge purchase required); Community ethos built around shared learning and a trader forum where members connect; Active social presence (X, Instagram, YouTube, Facebook, LinkedIn); Positions itself as a collaborative community rather than just a platform
How Good is IC Funded’s Customer Support? (Response Time & Availability)
Support via live chat, email (support@icfunded.com) and community channels; Dedicated team assisting with evaluation, account, platform and payment queries; Reviews frequently praise fast response times (some within minutes); Primarily weekday support coverage; Multilingual site (English, Spanish, Portuguese, Arabic, Vietnamese, Thai, Chinese)
Is IC Funded a Scam or a Legit Prop Firm?
IC Funded is a legitimate, credibly-backed prop firm that launched in late 2024 in partnership with IC Markets, lending it stronger infrastructure pedigree than most newer entrants. It offers simulated 1-Step and 2-Step challenges with up to 80% splits, bi-weekly payouts and $500K scaling. Trustpilot sits around 4.4/5, though on a small review base reflecting its recent launch. Payouts are reportedly processed reliably and are funded from the firm's capital pool, not live trader P&L (standard for the model). The main caveats are its limited operating history, a fee refund that only triggers after the third payout, and the fully simulated environment. Verify current rules on the official site and start small.
User Reviews & Community Feedback on IC Funded
- Legitimate and IC Markets-backed with tight spreads & reliable early payouts
- Simple 1-Step/2-Step model with up to 80% splits & $500K scaling
- Newer firm with a small review base – proceed sensibly & test small
Alternatives to IC Funded – How It Compares
- FTMO – the established benchmark with a long track record and huge review base choose IC Funded if you want comparable structure plus IC Markets execution and tighter spreads, FTMO if you prioritise proven multi-year history
- FundedNext – broader programme variety, bigger scaling and higher headline splits, choose IC Funded for broker-backed credibility and a simpler, cleaner choice
- Funding Pips / similar low-cost firms – competitive pricing. IC Funded differentiates on its IC Markets partnership and spread quality. Skip IC Funded if you need instant funding, an 80%+ starting split, or a long verified payout history.
Final Verdict – Should You Trade with IC Funded?
Choose IC Funded if you want a credibility-first newer prop firm with genuine broker backing (IC Markets), some of the tightest spreads in the sector, a clean 1-Step or 2-Step path, up to 80% splits, bi-weekly payouts and $500K scaling potential. It suits serious, consistent traders who treat trading like a business and value execution quality over gimmicks. Skip it if you need instant funding, the highest possible starting split, or a long multi-year payout history. A strong 2026 option for traders who want established-broker infrastructure behind a newer firm – start small and verify the rules.
