IC Funded scored 90/100 during testing, placing it among the top-rated prop firms. You can choose between a one or two step challenge, but both come with profit splits starting at 75% and increasing to 80% after one month of trading (and after the first payout is processed).
You’ll trade with IC Markets’ pricing, including spreads from 0 pips, and use platforms like MT4, MT5, or cTrader. While scaling is capped at $500K and copy and weekend trading aren’t allowed, the low costs, strong trading conditions, and structured challenges make it a solid choice.
IC Funded now offers two models and you can choose between a one step or two step challenge. The one step challenge is built for speed, with a single profit target and tighter overall drawdown, while the two step challenge spreads the evaluation across two phases and allows more total loss, making it easier to manage consistency over time.
Both follow similar rules around daily loss limits and risk, but they differ in structure, time commitment, and drawdown allowance.
| Evaluation Process | One Step Challenge | Two Step Challenge |
|---|---|---|
| Challenge Fees | $29.75 – $1,487.50 | $49 – $2,498 |
| Account Sizes | 5K – 250K | 5K – 500K |
| Profit Target | 10% | 10% (Phase 1), 5% (Phase 2) |
| Max Daily Loss | 5% | 5% |
| Max Overall Loss | 6% | 10% |
| Minimum Trading Days | 5 | 5 |
| Max Trading Days | Unlimited | Unlimited |
| Profit Split (Funded) | 75% to 80% | 75% to 80% |
| Account Scaling | Up to $500,000 | Up to $500,000 |
| Best For | Faster path to funding | Gradual evaluation with more drawdown room |
In the one step challenge, you must reach a 10% profit target while staying within a 5% daily loss and 6% maximum drawdown. There is only a single evaluation step, meaning once the profit target is hit and all rules are respected, the trader becomes eligible for a funded account. There is no maximum time limit, but a minimum of 5 trading days is required.
Because there is no second step, the one step challenge is designed to offer a faster route to funding, but with a tighter overall drawdown compared to the two step option. The lower max loss mean you need to manage risk carefully, especially during periods of volatility, as there is less margin for recovery after drawdowns.
This structure tends to suit anyone who is confident in their execution and consistency and prefer to complete the evaluation in a single phase rather than managing performance across multiple stages.
| Account Size | Fee (USD) | Max Daily Loss | Max Overall Loss | Profit Target (10%) |
|---|---|---|---|---|
| $5,000 | $29.75 | $250 | $300 | $500 |
| $10,000 | $59.50 | $500 | $600 | $1,000 |
| $25,000 | $148.75 | $1,250 | $1,500 | $2,500 |
| $50,000 | $297.50 | $2,500 | $3,000 | $5,000 |
| $100,000 | $595.00 | $5,000 | $6,000 | $10,000 |
| $250,000 | $1,487.50 | $12,500 | $15,000 | $25,000 |
The two step challenge requires traders to pass two consecutive steps, an Evaluation Phase followed by a Verification Phase. In step one, you must achieve a 10% profit target, and in step two, a reduced 5% profit target, while respecting the same core risk rules throughout.
Although the two step challenge takes longer to complete, it provides more breathing room overall due to the higher maximum drawdown allowance compared to the one step program. This makes it easier to absorb losing streaks or slower periods without immediately breaching risk limits.
The two step structure is generally better suited to anyone who prioritises capital preservation and consistency over speed, and who are comfortable maintaining discipline across multiple phases before reaching a funded account.
| Account Size | Fee (USD) | Max Daily Loss | Max Overall Loss | Phase 1 Target (10%) | Phase 2 Target (5%) |
|---|---|---|---|---|---|
| $5,000 | $49 | $250 | $500 | $500 | $250 |
| $10,000 | $99 | $500 | $1,000 | $1,000 | $500 |
| $25,000 | $149 | $1,250 | $2,500 | $2,500 | $1,250 |
| $50,000 | $289 | $2,500 | $5,000 | $5,000 | $2,500 |
| $100,000 | $499 | $5,000 | $10,000 | $10,000 | $5,000 |
| $250,000 | $1,249 | $12,500 | $25,000 | $25,000 | $12,500 |
| $500,000 | $2,498 | $25,000 | $50,000 | $50,000 | $25,000 |
IC Funded uses a performance-based scaling model that lets traders grow their capital over time, up to a maximum total allocation of 500K (hence why scaling isn’t available for this account size). Scaling is not automatic and doesn’t follow a fixed step up schedule like BrightFunded or FundedNext, instead eligibility is based on consistent profitability, strict rule compliance, and successful payouts on a funded account. Decisions are made using overall account performance, not a single profitable period.
There is no free retake or automatic upgrade to a larger account. In some cases, you may need to qualify again at a higher tier to access more capital, depending on IC Funded’s criteria at the time.
IC Funded has clear and consistent rules across all challenge types. These are designed to encourage disciplined trading without over-restricting strategy choice.
Verdict on Audition Process and Challenges
IC Funded earns an 8/10 score for challenges thanks to its clear structure, competitive pricing, and flexibility across both one step and two step challenges. You can choose between a faster single step option with tighter drawdown limits, or a two step route that allows more overall loss and a more gradual path to funding. The rules are straightforward, with no maximum time limits, realistic profit targets, and consistent risk parameters. The score is only held back by the lack of automatic scaling beyond $500,000 and the limited range of challenge variations, but for a simple and well-priced evaluation setup, IC Funded remains a solid option.
IC Funded provides forex spreads the same as those offered by forex broker IC Markets’ Global Raw Account. These spreads are sourced directly from liquidity providers, ensuring competitive pricing across various asset classes.
Forex Spreads
As per IC Markets ultra low raw spreads, when participating in the IC Funded challenge minimum spreads on popular forex pairs like EUR/USD are as low as 0 pips, and average 0.02 pips.
| Forex Pair | IC Funded Average Spread |
|---|---|
| EUR/USD | 0.02 pips |
| AUD/USD | 0.17 pips |
| AUD/JPY | 0.50 pips |
| EUR/GBP | 0.27 pips |
| EUR/JPY | 0.30 pips |
Commission Fees
IC Funded charges a commission of $3.50 per lot per round turn for forex trading, commodities, and indices.
| Commission Fee | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| IC Funded | $3.50 | $3.50 | £2.50 | €2.75 |
Verdict on Spreads and Commissions
IC Funded provides prop traders with tight spreads and a transparent, flat-rate commission structure. The combination of low spreads, commissions, and audition fees makes IC Funded one of the most competitively priced prop firms.
IC Funded offers a wide range of financial markets with 96 trading instruments in total over commodity, equity index, and forex markets.
Although offered by IC Markets, shares and crypto trading instruments such as Bitcoin or Ethereum are not offered by IC Funded.
Leverage
IC Funded applies the same leverage limits across both one step and two step challenges, with leverage varying by asset class, not by evaluation type.
This means there is no leverage advantage to choosing a two step evaluation over a one step evaluation. The difference between the programs is purely in evaluation structure and drawdown rules, not buying power.
Verdict on Markets and Leverage
IC Funded earns a 9/10 score for markets and leverage thanks to its broad access to core trading instruments and a simple, consistent leverage structure. You can trade forex, indices, and commodities using IC Markets’ pricing, with leverage applied by asset class rather than challenge type. Forex pairs and gold are available with up to 50:1 leverage, while indices and other commodities are capped at 10:1, and equities at 5:1. The lack of crypto and share trading limits the score slightly, but for traders focused on major FX and index markets, IC Funded offers a well-balanced and competitive setup.
IC Funded offers the three most popular platforms for prop trading being MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform provides distinct features and tools that cater to different trading styles and preferences.
MetaTrader 4
MT4 is a popular choice among forex traders for its user-friendly interface and extensive support for automated trading through Expert Advisors (EAs). It offers a range of technical analysis tools, including customisable charts, multiple timeframes, and a variety of indicators.
MT4 also supports one-click trading and has a strong community of users who develop and share EAs and custom indicators.
MetaTrader 5
MT5 builds on the success of MT4 with additional features and improved performance. It supports more order types, additional timeframes, and an economic calendar integrated into the platform.
MT5 also allows for deeper market analysis with more advanced charting tools and supports trading in a wider range of asset classes beyond forex, including stocks, commodities, and futures. Like MT4, MT5 also supports EAs but with more sophisticated capabilities.
cTrader
cTrader is known for its advanced charting and order execution capabilities. It offers a highly customisable trading environment with a focus on transparency and ease of use. cTrader provides access to Level II pricing, allowing traders to see market depth and make informed decisions based on liquidity.
The platform also supports automated trading through cAlgo, where traders can develop and deploy custom trading algorithms. cTrader’s interface is intuitive, making it easy to manage multiple orders and analyse market data effectively.
Verdict on Trading Platforms
IC Funded provides solid trading platform options with MT4, MT5, and cTrader, offering tools that suit different trading styles. Each platform supports automated trading with EAs, but copy trading is prohibited.
To pay the one off audition fee, IC Funded supports a variety of methods including:
Payouts and Withdrawals
After successfully completing the evaluation and starting on a funded account, IC Funded offers several options for withdrawing profits. The default payout schedule is monthly, where traders receive a 75% profit share, which increases to 80% after the first month.
For those who prefer more frequent access to their earnings, IC Funded allows on-demand withdrawals, available 14 days after the initial trade. Traders can also opt for bi-weekly payouts if that suits their needs better. Importantly, once traders make their first profit withdrawal, the evaluation fee is refunded, providing an added financial benefit.
Withdrawal Methods
IC Funded processes payouts through standard bank wire, Skrill, or various cryptocurrency options. While IC Funded does not charge withdrawal fees, traders should be aware of potential fees imposed by their bank or payment provider. To ensure transactions are cost-effective, a minimum net profit of $20 is required for bank wire transfers and $150 for crypto payouts.
Verdict on Payments and Payouts
IC Funded offers flexible and accessible withdrawal options, allowing traders to receive their profits through various methods without incurring internal fees.
The option to request payouts monthly, bi-weekly, or on-demand gives traders control over their earnings. Additionally, the refund of the evaluation fee with the first profit withdrawal adds an extra benefit, making IC Funded one of the best prop firms for those wanting a reliable payout process.
IC Funded offers 24/7 customer support and comprehensive educational resources to help traders successively prop trade.
Customer Support
IC Funded provides 24/7 customer service through live chat, offering quick and efficient responses to trader inquiries. The live chat feature is AI-assisted, ensuring that traders receive timely help for common questions and issues.
For more complex matters, the support team is available to assist via email or live chat, ensuring that traders can resolve technical questions or account-related concerns promptly. Yet, no direct contact number is available on their website.
Educational Resources
IC Funded offers a range of educational resources directly accessible through the client dashboard, designed to enhance traders’ knowledge and skills. The dashboard features a selection of curated videos covering current market trends and broader financial topics. Examples include “Could China’s Real Estate Crisis Crash the Global Economy?” and “The Rise of Superapps.”
In addition to these videos, the dashboard provides practical tutorials on trading strategies, platform navigation, and key market analysis, ensuring you can continuously develop your trading skills while staying updated on global financial events.
Verdict on Customer Service and Education
IC Funded provides solid 24/7 support and well-rounded educational resources, making it a good prop firm for traders looking to improve their skills and receive timely assistance.
IC Funded is closely connected to IC Markets, a well-established and top-tier regulated broker known for its transparency and reliability in the financial industry.
This connection provides a solid foundation for trust, and while IC Funded is not a regulated broker or financial service provider, IC Markets has a strong reputation and overseen by financial regulators like ASIC in Australia and CySEC in Europe.
IC Funded has a Trustpilot score of 2.7 out of 5 stars, which shows a mixed set of experiences. A noticeable portion of lower-rated reviews come from users who had not yet signed up, were still in the evaluation phase, or were waiting on their first payout, meaning some feedback is based on expectations or early impressions rather than completed funded trading or withdrawals.
On the positive side, many verified reviews confirm successful payouts, tight spreads, and competitive trading conditions, with several traders reporting smooth withdrawals once payouts were processed. IC Funded also responds to a large share of negative reviews, and recent feedback includes multiple confirmed payout experiences, suggesting the firm does pay traders who meet the rules, despite the polarised overall rating.
IC Funded does not use popular platforms like Discord for its community interactions; instead, it has established its own dedicated chat platform.
This unique approach allows for a more secure and controlled environment, minimising the risk of scams and misinformation that can often plague open networks. You can join this exclusive community through the link: IC Funded Community Chat.
This chat community, similar to a Discord server, is directly managed by IC Funded’s team, ensuring traders have access to direct communication with the firm, exclusive updates, and a space to interact safely with fellow traders. There are channels dedicated to different financial markets, sharing trading decisions, as well as a space where the prop firm shares payout proof for funded traders.
With only 230 followers on LinkedIn, 2,800 followers on Facebook, 2,600 followers on Instagram, and 3,500 followers on X, IC Funded’s social media presence is relatively small compared to competitors.
Verdict on Trust
IC Funded is a trustworthy prop firm, backed by its connection to regulated broker IC Markets, a strong Trustpilot rating, and a unique chat community. This combination of factors makes IC Funded a reliable choice for traders seeking a secure and reputable prop trading firm.
IC Funded gets around 6,600 Google searches per month, making it the 37th most searched prop firm right now. Based on March 2025 Similarweb data, it also ranks 39th by traffic, with 75,395 global visits recorded for the month.
Interest is strongest in India, where the majority of branded searches come from, followed by the UK, South Africa, Vietnam, and the US. This spread matches IC Funded’s broad international appeal, particularly in regions where IC Markets—their liquidity provider—has a strong reputation.
Here’s a look at where the interest is coming from based on Q1 2025 search data.
| Country | Q1 2025 Monthly Searches |
|---|---|
| India | 720 |
| United Kingdom | 260 |
| South Africa | 210 |
| Vietnam | 170 |
| United States | 140 |
| Nigeria | 140 |
| Pakistan | 140 |
| Germany | 90 |
| Australia | 90 |
| Spain | 90 |
| Malaysia | 70 |
| Kenya | 70 |
| France | 50 |
| Italy | 50 |
| Canada | 50 |
| Indonesia | 50 |
| Poland | 50 |
| Singapore | 50 |
| Brazil | 40 |
| Netherlands | 40 |
| Philippines | 40 |
| Hong Kong | 30 |
| Uzbekistan | 20 |
| Austria | 10 |
| Cyprus | 10 |
  India
|
720 1st
|
  United Kingdom
|
260 2nd
|
  South Africa
|
210 3rd
|
  Vietnam
|
170 4th
|
  United States
|
140 5th
|
  Nigeria
|
140 6th
|
  Pakistan
|
140 7th
|
  Germany
|
90 8th
|
  Australia
|
90 9th
|
  Spain
|
90 10th
|
IC Funded is a well-priced and accessible prop firm, offering both one step and two step evaluations with fees starting from $29.75 and account sizes up to $500,000. You get access to IC Markets’ tight spreads, reliable execution, and a solid platform lineup including MT4, MT5, and cTrader, along with a profit split that increases from 75% to 80% after one month of funded trading and the first payout.
The challenge structure is clear and consistent, with realistic profit targets and no maximum time limits, making it a good fit if you prefer a straightforward evaluation without unnecessary complexity. That said, scaling is capped at $500K and there’s no access to crypto or share trading, which may be limiting if broader market access or higher scaling is a priority.
Overall, IC Funded is a strong option if you want low trading costs, proven liquidity, and a simple path to funded trading. If higher scaling limits or a wider range of markets matter more to you, other prop firms may be a better fit.
IC Funded lets you choose between a one step or two step prop challenges. The one step challenge has a single profit target, while the two step includes two phases with separate targets. In both options, you must follow specific risk rules. There are no time limits beyond a minimum trading period. Once you meet the profit targets and follow the rules, you qualify for a funded account with profit share.
The profit split starts at 75% in favour of the trader and increases to 80% after the first month of trading on a funded account.
IC Funded supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, and is known for offering the best prop trading platforms available. Each platform provides strong trading tools and features to enhance the prop trading experience, and trading rules allow for Expert Advisors and automated trading.
Proprietary trading can be challenging for beginners due to the high-risk environment and stringent profit targets, and generally recommended as a trading activity for experienced traders.
However, it offers unique benefits like access to capital and potential profit splits without risking personal funds. Beginners should have a solid understanding of risk management, trading strategies, and market analysis before considering proprietary trading.
Yes, IC offers CFD and forex trading through IC Markets. We have completed a full evaluation of the broker on our separate website CompareForexBrokers where you can read our IC Markets review.