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IC Funded Review 2024

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IC Funded Review 2024
EAs allowed1:50 Maximum Forex leverage$500,000 maximum fund size
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:IC Funded
Founded:2023
Headquarter:Hong Kong
Min Price:$49
Max Fund:$500,000
Challenges:1
About
IC Funded is a prop firm that offers trading challenges with a 10% profit target and a 10% maximum drawdown limit to find skilled Forex traders. Traders can purchase IC Funded’s 1-phase and 2-phase accounts and get funded up to half a million dollars.
Contact
Company 3150268,Room 10, 8/F Sun House, 90 Connaught Rd Central Hong Kong
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
24/7 support
Comprehensive educational resources
Wide range of account sizes
Support for popular trading platforms (MT4, MT5, cTrader)
Cons
Strict evaluation process
Limited tradable instrument
No copy trading allowed

IC Funded is a Hong Kong-based prop firm with a wide range of challenges, with prices ranging from $49 to $2,498. Skilled traders can buy these accounts, trade over 150 instruments with up to 1:50 leverage, and receive 80% of the profits they make.

IC Funded prop firm review
IC Funded complete review for forex traders

IC Funded Prop Firm Company Overview

IC Funded is a cutting-edge platform that provides comprehensive trading evaluations to help traders access funded trading accounts and enhance their trading abilities. Here are some key points about IC Funded prop firm:

  • IC Funded headquarters is in Hong Kong
  • It has partnered with IC Markets broker
  • IC Funded has 1-phase and 2-phase evaluation

IC Funded has an innovative approach and a supportive community to help traders scale up.

IC Funded Prop Summary

Let's break down the key specifications of IC Funded:

Account currency

USD

Minimum price

$49

Maximum leverage

1:50

Maximum profit split

80%

Instruments

Forex, indices, commodities, equities

Assets

EUR/USD, gold, S&P500, silver

Evaluation steps

1-phase, 2-phase

Trading platform

MT4, MT5

Withdrawal methods

Bank wired, Skrill, crypto

Maximum fund size

$500,000

First profit target

10%

Maximum daily loss

5%

Challenge time limit

Unlimited

News trading

N/A

Maximum total drawdown

10%

Commission per round lot

NO

Trust pilot score

4.4/5

Payout frequency

14 days

Established country

Hong Kong

Established year

2024

IC Funded Prop Advantages & Disadvantages

Before diving deeper, let's weigh the pros and cons of IC Funded:

Pros

Cons

Wide range of account sizes

Strict evaluation process

Support for popular trading platforms

No copy trading allowed

Comprehensive educational resources

Limited tradable instrument

24/7 support

IC Funded Challenges and Funding Price

IC Funded offers a tiered structure for their funded accounts so traders can choose the account that best suits their trading skills.

Account size

$5,000

$10,000

$25,000

$50,000

$100,000

$250,000

$500,000

Fee

$49

$99

$149

$289

$499

$1,249

$2,498

While challenge prices are average compared to other prop firms, strict trading conditions such as 5% maximum daily drawdown and 10% overall drawdown make passing challenges very hard.

IC Funded Sign-up & Verification

Let's go through the registration and verification process in our IC Funded review:

  1. Enter the IC Funded website and click on "Sign Up" button;
  2. Enter your personal details in the IC Funded registration form;
IC Funded registration form
Enter personal details, including name, email, country of residence, etc. in the IC Funded registration form
  1. Agree with IC Funded terms and conditions;
  2. Pass a challenge to become eligible for verification;
  3. Upload your Government issued ID;
  4. Upload proof of residence documents;
  5. Upload bank statements documents for taxes.

IC Funded Prop Firm Evaluation

The evaluation process at IC Funded is designed to identify skilled traders who can manage risk effectively:

Account size

$5,000

$10,000

$25,000

$50,000

$100,000

$250,000

$500,000

Profit target phase 1

10%

Profit target phase 2

5%

Minimum trading days

5 days

Maximum trading days

Unlimited

Maximum daily drawdown

5%

Maximum drawdown

10%

leverage

1:50 for Forex and gold, 1:10 for indices and other commodities, 1:5 on equities

Profit split

75/25 after a month 80/20

One-time fee

$49

$99

$149

$289

$499

$1,249

$2,498

This process ensures that IC Funded partners with traders who demonstrate consistency and solid risk management skills.

IC Funded evaluation
IC Funded has a strict evaluation process to ensure that only skilled traders can pass them

IC Funded Prop Discounts and Bonuses

IC Funded provides attractive offers to traders:

  • Discounts on challenge accounts
  • Enhanced profit-sharing arrangements after 1 month
  • Exclusive promotional offers
  • Excellent affiliate program to gain up to 15% commission for referring new traders to the platform
IC Funded affiliate program
IC Funded offers an excellent affiliate program for traders

To join IC Funded affiliate program you should follow these steps:

  1. Enter IC Funded website and click on "become an affiliate" button;
  2. Complete the affiliate registration form;
  3. Recieve your affiliate link and share it with your friends;
  4. Check your referral commission on th affiliate dashboard.   

These incentives can provide significant value to traders, potentially offering additional funding or improved terms when signing up with IC Funded.

IC Funded Prop Payment Methods

IC Funded offers several options for deposits and withdrawals:

  • Bank wire transfers
  • Skrill
  • Cryptocurrency transfers

It's worth noting that IC Funded doesn't charge fees for these payment methods.

IC Funded Prop Firm Commission & Costs

IC Funded's commission structure is designed to be competitive and transparent:

  • Low spreads on major currency pairs
  • Commission-free trading on certain account types
  • No hidden fees or charges

Note that IC Funded doesn't pay back challenge fees upon withdrawal.

Does IC Funded Prop Firm Offer Vast Educational Resources?

Yes, IC Funded places a strong emphasis on trader education. Traders can use its learning hub to learn everything from beginner to advanced subjects. IC Funded Educational Matertials:

  • Tutorial Videos
  • Blog Posts
  • Webinars

IC Funded Prop Firm Trust Scores

IC Funded received positive feedback on Trustpilot. Key points from reviews include:

  • Fair and transparent policies
  • Efficient customer support
  • User-friendly trading platform
  • Quick resolution of technical challenges

IC Funded care for traders helped gain 4.4 out of 5 starts in this platform.

IC Funded Trustpilot score
IC Funded has gained 4.4 stars from users

IC Funded Prop Customer Support

IC Funded provides excellent customer support through various channels:

  • 24/7 AI live chat
  • Send tickets for various inquiries
  • Comprehensive help section

The quality of customer support is often highlighted in user reviews as a strong point for IC Funded.

TF Expert Suggestion

IC Funded’s standout features include a strong connection with IC Markets broker and commission-free funded accounts. Additionally, it has 15% affiliate commission and improved profit share after 1 month to 80/20.

FAQs

What is the minimum account size offered by IC Funded?

The minimum account size is $5,000.

What happens if I fail the evaluation?

You can retry the evaluation by paying a new audition fee.

What is the maximum drawdown allowed during the evaluation?

The Maximum drawdown is 10% of the account balance.

What is the maximum leverage in IC Funded?

IC Funded maximum leverage is 1:50

What is the minimum challenge price in IC Funded

the minimum challenge price in IC funded is $49.

What instruments can you trade on IC Funded?

Traders can buy and sell various unstruments, including Forex, indices, commodities, and equities.

What are IC Funded payout methods?

Ic Funded provides crypto, bank tranfer, and Skrill payouts.

How much is the profit split percentage in IC Funded?

Maximum profit split in this broker is 80%.

What trading platforms are available at this prop?

MT4 & MT5 are available to use in this prop firm.

Does IC Funded support news trading?

There is no information on that matter in IC Funded website.

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