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IC Funded Review
IC Funded is a prop trading firm that uses the IC Markets name and pricing but is a separate, unregulated Saint Lucia company. It does not accept United States, Canadian, or Australian traders.
Min Deposit
$2
Spreads From
Uses IC Markets pricing feed, but its own spread figures are not separately published
Max Leverage
1:50 on 2 Step and 1:30 on 1 Step FX, 1:20 on indices and metals, 1:2 on crypto
Platforms
MetaTrader 5
Pros
- Built on IC Markets pricing, giving traders tighter spreads than many rivals
- Funded traders keep 80 percent of the profit they generate
- Restricted country list is published in full detail on its own FAQ
- Account sizes scale up to 500,000 dollars for successful traders
Cons
- Separate, unregulated company despite sharing part of the IC Markets name
- Not available to traders in the United States, Canada, or Australia
- Broad discretion clause lets it deny a payout for undefined behavior
- Its own terms discourage repeated complaints after a case is closed
IC Funded runs demo funded trading challenges built on IC Markets pricing and execution. The two brands share part of a name, but IC Funded is a separate company, registered in Saint Lucia as IC Funded Evaluations LTD. It is not covered by IC Markets own ASIC or CySEC licenses.
Traders pick an evaluation with a 10 percent profit target in phase one and 5 percent in phase two, alongside a 10 percent overall drawdown limit. Account sizes run from 5,000 to 500,000 dollars, and funded traders keep 80 percent of profits. IC Funded openly bans a long list of countries, including the United States, Canada, Australia, and New Zealand.
IC Funded's own rules give it wide discretion to fail an evaluation or deny a payout for behavior it judges suspicious, even if that behavior is not named in its terms. Repeated complaints after a case is closed are also listed as a rule breach. This is common in the prop firm industry, but it means a trader has little outside recourse if a dispute goes wrong.
Min. Deposit
USD 2
Max Leverage
1:50 on 2 Step and 1:30 on 1 Step FX, 1:20 on indices and metals, 1:2 on crypto
Spreads From
Uses IC Markets pricing feed, but its own spread figures are not separately published
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
