IC Funded is a famous proprietary firm based in Hong Kong that enables professional traders to buy and sell over 150 instruments with 1:50 maximum leverage to get funded up to 500,000 dollars.
This platform has 1-phase and 2-phase challenges with starting prices from $49 to $2498.
In this IC Funded review, we will explore its features, various account types, trading platforms, and everything you need to know before starting your partnership with IC Funded.
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:
- Enter the IC Funded website and click on "Sign Up" button;
- Enter your personal details in the IC Funded registration form;
- Agree with IC Funded terms and conditions;
- Pass a challenge to become eligible for verification;
- Upload your Government issued ID;
- Upload proof of residence documents;
- 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 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
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.
These educational materials are designed to help traders at all levels improve their skills and increase their chances of success.
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 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
As a Hong Kong-based prop firm, IC Funded offers a compelling proposition for traders looking to access significant capital (up to $500,000) without risking their funds.
IC Funded diverse account sizes and connection to the reputable IC Markets broker provides a reliable path for funded trading. However, the strict evaluation process and lack of various payout options mean it's best suited for skilled traders who can demonstrate consistent profitability and solid risk management.
Traders must consider these facts and compare IC Funded features with other platforms before buying a challenge from this prop firm.
