IC Funded Prop Firm Review
Review IC Funded's funding model, risk rules, payout conditions, trading restrictions and overall trader fit.
Last verified: Oct 2026
At a glance
Our research score is based on trust, payout conditions, rule transparency and overall trader fit.
5.7
Company reputation, operating history and overall trust.
6.0
Payout process, timing and conditions.
8.4
Rule clarity and trader friendliness.
High
Perceived complexity of restrictions.
Company & Program
Rules & Restrictions
Is it suitable for you?
Particularly useful for traders who focus on XAUUSD, scalping and short-term execution.
Getting Paid
Account & Scaling
What we like
- Partnership with IC Markets stated by IC Funded
- Forex available
- XAUUSD / Gold available
- Metals available
- Indices available
- Crypto available
- 2-Step Professional available
- 1-Step Accelerated available
- Instant Funded available
- 2-Step Phase 1 target is 10%
- 2-Step Phase 2 target is 5%
- 1-Step target is 10%
- 2-Step funded daily DD is 5%
- 2-Step funded maximum DD is 10%
- 1-Step maximum DD is 6%
- Up to 90% profit split
- Bi-weekly payout cycle
- No mandatory stop-loss
- News trading allowed on 1-Step and 2-Step
- Scalping allowed subject to prohibited-strategy rules
- MT5 available
- cTrader available
- Up to 1:50 Forex leverage
- Up to 1:20 metals/indices/energies leverage
- Account sizes up to $500K
- Up to $500K total allocation per trader
- Multiple accounts permitted
- Challenge fee refund after third payout
- Simulated funded environment
- Company provides 24/5 support
- Some Reddit users report successful payouts
- Some Trustpilot users report positive trading conditions
- Company responds to many negative Trustpilot reviews
What to check
- Trustpilot reputation is mixed
- 3.5 TrustScore on current Trustpilot page
- 167 Trustpilot reviews
- Only 46% of reviews are 5-star
- 38% of reviews are 1-star
- Recent payout complaints
- Recent account-termination complaints
- Complaints about risk-team reviews
- Complaints about payout rejection
- Complaints about margin-exposure enforcement
- Broad discretionary rule-enforcement language
- HFT prohibited
- Tick scalping prohibited
- Grid trading prohibited
- Martingale prohibited
- Copy trading prohibited
- Signal sharing prohibited
- Latency arbitrage prohibited
- Single-trade dependency can trigger review
- Large changes in lot size/risk can trigger review
- Strategy changes between evaluation and funded stage can trigger review
- Company can deny payouts for prohibited behaviour
- Company can terminate accounts after risk/compliance review
- Company states that its determination of prohibited practice is final
- Weekend holding not allowed
- Instant Funded has 20% consistency rule
- Instant Funded has tighter news restrictions
- First funded payout requires 5 profitable days
- Minimum 14-day payout cycle
- Funded accounts remain simulated
- IC Funded is not a broker
- Current operating entity is registered in Saint Lucia
- Cyprus company acts as distributor
- Rules can differ substantially between account models
- Reddit independent payout evidence is relatively limited
- Reputation is materially weaker than the headline trading conditions suggest
Trustpilot Overview
Independent community feedback and review statistics.
Active
Mixed Trustpilot reputation: 38% of reviews are 1-star, with recurring complaints about payout rejection, account termination and risk-rule enforcement
Flexible Prop Firm with Strong Trading Conditions but Significant Payout and Rule-Enforcement Risk
IC Funded is a simulated prop-trading evaluation provider offering 2-Step Professional, 1-Step Accelerated and Instant Funded programmes. Its current 2-Step Professional programme uses a 10% Phase 1 target and 5% Phase 2 target, with 4% and 5% daily drawdown respectively and 8%/10% maximum drawdown. The funded stage has a 5% daily and 10% maximum drawdown. The 1-Step programme uses a 10% target with 3% daily and 6% maximum drawdown. Standard funded profit sharing is 80%, with up to 90% available through selected add-ons. The company permits news trading on the 1-Step and 2-Step programmes, while Instant Funded has a ±3-minute news restriction. Weekend holding is not permitted. XAUUSD and metals are available with up to 1:20 leverage. MT5 and cTrader are supported, and the company states that all trading takes place in a simulated environment. IC Funded currently allows up to $500K total allocation per trader. The major concern is reputation: Trustpilot currently shows a 3.5 TrustScore with 167 reviews, but 38% are 1-star and only 46% are 5-star. Recent complaints include payout rejection, account termination and maximum-margin/risk-rule disputes. Reddit contains at least some positive payout reports, including a user reporting a first IC Funded payout after about one week, but independent Reddit evidence is limited. The current terms also give IC Funded broad discretion over prohibited strategies, including HFT/tick scalping, grid/martingale, excessive concentration, inconsistent trading behaviour and other activity the company considers non-replicable or abusive. Therefore, IC Funded has a relatively strong rules score but should be treated as a high-risk prop-firm option from a payout/reputation perspective.
Final Verification Checklist
Risk Rules
Confirm daily drawdown, overall drawdown and how floating losses are calculated.
Trading Restrictions
Check news trading, weekend holding, EA, copy trading and prohibited strategies.
Payout Conditions
Check eligibility, minimum profit, payout cycle and verification requirements.
Instruments
Confirm XAUUSD, Forex pairs, indices and other instruments available.
Platform
Verify MT4, MT5, cTrader, DXtrade or other supported platforms.
Legal Terms
Always read the current Terms & Conditions before purchasing.
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