IC Funded – Firm Review
- Superior capital backing for traders
- Fast payouts within hours
- Advanced tools enhance performance
- Straightforward path to success
- Global access to financial markets
# IC Funded Company Review
Company Overview
IC Funded is an innovative proprietary trading firm that offers traders the opportunity to access substantial trading capital without risking their own money. Founded with the mission to identify and support talented traders globally, IC Funded provides a structured path to become a funded trader through their comprehensive challenge programs. The company stands out for its transparent evaluation process, competitive profit splits, and diverse trading instrument offerings.
What distinguishes IC Funded is their trader-centric approach, featuring reasonable challenge parameters, rapid payout systems, and responsive customer support. Their platform accommodates both novice traders looking to build their careers and experienced professionals seeking larger capital allocations. With both Standard and Professional challenge tracks, IC Funded creates accessible entry points for traders at different skill levels while maintaining the professional standards necessary for successful proprietary trading.
Key Features at a Glance
Challenge Fees
- One-time payment – Single fee covering both challenge phases with no monthly subscription costs
- Discount options – Periodic promotions and discounts for new traders
- Reset fee – Affordable option to restart a challenge if rules are violated
- Free retake – One free retry on failed challenges for certain account sizes
Account Types
- Standard Challenge: Entry-level option with balanced trading parameters and profit targets
- Professional Challenge: Advanced option with higher profit targets and more flexible trading parameters
- Funded Account: Successful challengers gain access to live funded accounts with profit sharing
- Demo Account: Free practice environment available for traders to test strategies
Profit Split Options
- Standard Split: 80/20 profit split with 80% going to the trader
- Performance-Based Split: Potential for increased profit share based on consistent performance
- Scaling Plan: Opportunity to increase allocation and maintain profit split percentage
- First Payout Bonus: Special profit sharing terms for traders’ initial withdrawal
Account Sizes
- $10,000: Entry-level account with lower challenge fees
- $25,000: Mid-tier account balancing affordability with trading capacity
- $50,000: Advanced account suitable for experienced traders
- $100,000: Professional-grade account for high-volume traders
- $200,000: Premium account for elite traders with proven track records
Trading Platforms
- MetaTrader 4: Industry-standard platform with advanced charting tools and EA compatibility
- MetaTrader 5: Enhanced version with additional timeframes and technical indicators
- TradingView: Web-based platform with social networking features and custom indicators
- Mobile Apps: Trading access via iOS and Android devices for all supported platforms
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Commodities: Energy, precious metals, and agricultural products
- Indices: Global stock market indices including US, European, and Asian markets
- Cryptocurrencies: Major digital assets with flexible trading conditions
- Stocks: Select equities from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 10 days | 10 days |
Challenge Specifications
- Max Allocation: Up to $200,000 initially with scaling opportunities to $1,000,000
- Scaling: 25% capital increase with each profit milestone after funded status
- Trading Competitions: Monthly contests with prizes and additional capital allocations
- Free Trial: 7-day demo access to evaluate platform and trading conditions
- Profit Targets: Reasonable targets (8-12% challenge, 5-8% verification) without time pressure
- Drawdown Structure:
- Daily: 5-6% from account balance at start of trading day
- Maximum: 10-12% from initial account balance
- Trailing: Implemented once trader reaches certain profit threshold
Trading Rules and Requirements
- No weekend holding for major forex pairs (some indices exceptions apply)
- Maximum allowed lot size based on account balance (typically 10-30 standard lots)
- No copy trading or algorithm trading without prior approval
- News trading permitted but with reasonable risk management
- Minimum 10 trading days required in both challenge phases
- Trading hours restricted to standard market hours (no off-market trading)
- Account statements subject to review for rule compliance
Company Information
- Established: 2019
- Headquarters: London, United Kingdom
- Regulation: Financial conduct compliance in accordance with UK regulations
- Customer Support: 24/5 via live chat, email, and phone
- Languages Supported: English, Spanish, German, French, Arabic
- Social Media Presence: Active on Twitter, Facebook, Instagram, and Discord
- Educational Resources: Comprehensive learning center and regular webinars
Payout Methods
- Bank Wire Transfer (3-5 business days)
- Bitcoin and other cryptocurrencies (24-48 hours)
- PayPal (24-48 hours)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Minimum payout amount: $100
- Payment frequency: Bi-weekly after initial funded period
Trading Commissions
- Forex: $5 per standard lot (round turn)
- Indices: $5-7 per standard lot depending on the index
- Commodities: $7 per standard lot
- Cryptocurrencies: 0.05% of trade value
- Stocks: $0.02 per share with $1 minimum per trade
- Commission structure same across all account sizes
IP Rules
- VPN usage not permitted during challenge or funded phases
- Maximum of two different IP addresses allowed per account
- Change of location requires prior notification to compliance department
- Multiple accounts from same IP address require verification and approval
- Account sharing strictly prohibited
Video Review
IC Funded Review
Comprehensive review of IC Funded trading services
Unique Features
Trader Support
- One-on-one coaching sessions with professional traders
- Weekly market analysis and trading opportunity alerts
- Personalized performance reviews and improvement suggestions
- Discord community with dedicated channels for different trading styles
Advanced Trading Tools
- Proprietary risk management dashboard for real-time position monitoring
- Trade analytics platform with performance metrics and pattern recognition
- Economic calendar integration with volatility forecasts
- Custom indicator package for MetaTrader platforms
Scaling Program
- Rapid account growth with 25% capital increases
- Consistent trader program with reduced drawdown limits for proven traders
- Multiple account management option for top performers
- Loyalty rewards program with reduced fees on additional accounts
Why Choose IC Funded?
IC Funded stands out in the competitive prop firm landscape by focusing on sustainable trading practices and trader development rather than just evaluation metrics. Their approach balances reasonable challenges with strong support systems, creating an environment where both new and experienced traders can thrive.
Key advantages include:
- No time pressure on challenges, allowing for proper strategy execution
- Higher-than-average profit splits (80/20) in favor of traders
- Transparent fee structure with one-time payment model
- Advanced scaling program with potential for significant capital increases
- Comprehensive educational resources and community support
- Fast and reliable payout systems with multiple withdrawal options
- Reasonable trading rules that reflect real market conditions
Frequently Asked Questions
How long does it take to get funded?
Traders can get funded as quickly as they can complete both challenge phases with no imposed time limits. Once both the Challenge Phase (8-12% profit target) and Verification Phase (5-8% profit target) are completed successfully, funding typically occurs within 24-48 hours after final review. The entire process can take as little as 2-3 weeks for skilled traders who meet the minimum 10 trading days requirement in each phase.
Can I hold positions over the weekend?
Holding positions over the weekend is restricted for most forex pairs to limit gap risk, but exceptions exist for certain indices and cryptocurrency positions. Traders must close standard forex positions before market close on Fridays. For allowed weekend positions, appropriate risk management practices are still required, and traders should be aware that any gaps can count toward drawdown calculations when markets reopen on Monday.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis, with consequences varying based on severity. Minor infractions typically result in warnings, while significant violations like using prohibited trading strategies may lead to account termination. In many cases, IC Funded offers a reset option for a reasonable fee, allowing traders to restart their challenge after a rule violation. For funded traders, repeated violations may affect profit splits or result in additional monitoring.
Can I trade news events?
Yes, IC Funded allows news trading with proper risk management. Unlike some prop firms, IC Funded does not restrict trading during high-impact economic releases, giving traders the flexibility to implement news-based strategies. However, traders are still bound by the standard account risk parameters, including daily drawdown limits. The platform provides an economic calendar integration to help traders prepare for major news events and manage their positions accordingly.
How often can I withdraw profits?
Funded traders can withdraw profits bi-weekly after their initial funded period. The first withdrawal is available after completing the first month of funded trading, with subsequent withdrawals processed every two weeks. The minimum withdrawal amount is $100, and traders can choose from multiple payment methods including bank transfers, cryptocurrencies, and e-wallets. Processing times vary by method, ranging from 24 hours for cryptocurrencies to 3-5 days for bank transfers.
