IC Funded Review: Is It Worth Your Investment?
Disclosure
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.In a Nutshell: The growth of prop firms has created new opportunities for traders to maximize their potential by leveraging the firm’s money. Among these organizations, IC Funded has received a lot of attention because of its strong relationship with IC Markets, a well-known FX broker. IC Funded stands out for its unlimited evaluation retries, vast education resource center, and support for more than 150 tradabletradable instruments. It also supports popular trading platforms including cTrader, MetaTrader 4, and MetaTrader 5, and offers maximum funding of up to $500,000.
This overview explores IC Funded’s features, discovering how it stands out in the competitive environment of prop trading. We’ll examine whether IC Funded is the perfect platform for you and for traders looking to expand their techniques and capitalize on their knowledge.
Service Type | Promotion |
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Proprietary Trading Firm | Click Here |
- Unlimited evaluation retries.
- Up to 80% profit share
- Refund of evaluation fee with first payout
- Access to a diverse range of trading instruments across multiple asset classes.
- No personal capital is at risk, making it a safer option for traders.
- Transparent and straightforward funding process.
- Supports advanced trading platforms for seamless execution.
- High entry requirements, making it less accessible for beginners.
- Limited visibility on long-term trader success rates.
Table of Contents
What is IC Funded?
IC Funded is a proprietary trading service headquartered in Hong Kong. IC Funded offers experienced traders trading capital of up to $500,000 if they can pass a 2-phase challenge evaluation with unlimited retries.
IC Funded only supports virtual funds in a simulated environment during evaluations. The prop firm tests its potential funded traders primarily for risk management and profitability consistency.
After passing an evaluation, traders can trade with large amounts of capital (up to $500,000) without risking their own money. As an affiliate of IC Markets, one of the most reputable forex brokers, IC Funded benefits from a strong trading infrastructure and a reputation for transparency.
IC Markets, founded in 2007, is known for its cheap spreads, fast execution times, and broad access to worldwide markets. IC Funded allows traders to take advantage of these benefits while also gaining access to higher capital allocations than they would otherwise have.
The combination of IC Funded and IC Markets allows traders to focus on developing their tactics while knowing that they are supported by a dependable and well-established platform.
Key Features of IC Funded
Unlimited Evaluation Retries
A major standout feature of IC Funded is its unlimited retries for the evaluation process. Traders who do not pass the 2-phase challenge for funding have the opportunity to go at it again as many times as needed. Unlike most proprietary trading firms there are no limitations on the number of retries allowed. This means that you only have to pay a one-time evaluation cost and not keep resubscribing until you pass the challenge.
Unlimited evaluation retries also enable traders to use the education center to improve their skills without the pressure of having to repay for an evaluation. This makes the evaluation challenge process not just a means to attain funding but a pressure-free practical learning process.
High Funding Levels
IC Funded gives traders access to significant funds, allowing them to take greater positions in the market. The procedure is simple: traders go through an evaluation phase during which their performance is appraised. Traders who satisfy the appropriate conditions are provided financing that matches their demonstrated expertise.
Profit Sharing
The site provides an appealing profit-sharing mechanism, with traders keeping a sizable share of their profits. The first month, the trader keeps 75% and then once they’ve proven themselves to be a trading wiz, the company ups the percentage to 80%. This is on par with industry averages.
Comprehensive Trading Instruments
IC Funded, through its partnership with IC Markets, provides a comprehensive range of trading instruments (more than 150 tradable instruments) like forex, commodities, and indices. This diversity enables traders to apply and vary their methods across asset classes, thus maximizing their prospects.
Advanced Trading Platforms
IC Funded traders have access to industry-leading platforms like TradingView and cTrader which are well-known for their extensive charting capabilities. These platforms give traders the tools they need to execute and manage trades efficiently.
Risk Management Tools
Risk management is an essential part of the IC Funded model. The platform offers a variety of features to assist traders in maintaining disciplined trading methods, lowering the probability of big losses.
Educational Resources
While IC Funded largely caters to experienced traders, the site also provides training tools to assist traders improve their methods and results. These resources include market analysis tools and sophisticated trading tactics.
IC Funded Affiliate Program
The IC Funded prop firm affiliate program was built to partner with influential and popular entities or persons to boost IC Funded’s funding services. Admission into the affiliate program is selective and is highly dependent on particular criteria including your content authority, valid identification, and social media presence.
Affiliates get paid using a commission-based payment model that rewards first-time purchases made by new traders via the partner’s tracking link or affiliate link. Commissions received are tiered and depend on the number of referrals brought in by the affiliate. Also, only initial purchases are eligible for commission.
That said, there are a couple of rules regarding the promotion of IC Funded’s services for affiliate gains. The first is that affiliate partners cannot use Pay-Per-Click (PPC) advertising with IC Funded or any type of variations for marketing. This is strictly prohibited and can lead to the partner losing their account. Also, sales that come from the use of a partner’s coupon without the referral clicking the affiliate link are not eligible for commissions.
Account Tiers and Pricing
IC Funded has some of the most affordable evaluation plans in the prop firm market. The fee is the cost of the evaluation, and the funded account amount is how much capital you will have access to trading if you pass the evaluation at that fee.
That said, after paying the evaluation one-time fee, you will receive not just access to a funded account based on the account size you chose but also a demo trading account for testing your trading strategies as well as access to a vast education resource center.
Traders can also not lose anything beyond the evaluation account fee paid if they do not pass the challenge phase 1 and phase 2. IC Funded also supports unlimited retries after challenge failure as well as evaluation fee refunds when paying out the trader’s first profit split after successful funding.
IC Funded does not charge traders for withdrawals. However, your bank or payment processor may do so.
Here are the details:
- $49 fee: Funded account of 5,000
- $99 fee: Funded account of $10,000
- $289 fee: Funded account of $50,000
- $499 fee: Funded account of $100,000
- $1249: Funded account of $250000
- $2498: Funded account of $500000
Evaluation Process
The IC Funded evaluation process comes as a 2-phase challenge. In both phases, potential funded traders are provided with a simulated trading account with capital based on the account size chosen. For example, if the trader paid the one-time fee of $2498 they would receive a $500,000 simulated trading account.
Each account provided has trading objectives that the trader must hit to receive funding. Failure to hit the objectives would mean the trader will fail the evaluation. That said, to attain a funded account, traders must display consistency in gaining profit by hitting a 10% profit target in the first challenge phase and 5% in the second challenge phase. This means that the trader must grow the provided capital by 10% in the first challenge phase and 5% in the second phase.
Beyond profit consistency, traders must also display their risk management skills and use a definable trading strategy. Also, as the virtual funds provided for each account size differ, each purchased evaluation has different daily and maximum drawdowns in dollar amounts. However, in percentage, it is the same regardless of the trading capital provided for the evaluation.
The maximum drawdown is a 10% loss. On losing 10% of your provided trading capital you will fail the evaluation. Also, if the provided virtual fund balance of the evaluation account hits 5% which is the daily drawdown, you will lose access to the challenge account.
However, since IC Funded offers unlimited retries you can always try to pass the evaluation challenge. That said, here is a breakdown of the evaluation rules and expectations:
- Profit Target: 10% for phase 1 challenge and 5% for phase 2 evaluation .
- Minimum or Maximum Trading Days: IC Funded requires 5 days minimum trading and does not place restrictions on the number of days for trading
- Maximum Daily Loss: 5%
- Maximum Loss: 10%
- Supported Leverage: 50:1 on forex instruments and gold, 5:1 on equities, and 10:1 on indices.
- Live Account Profit Gain: If you pass the evaluation you become eligible to receive a 75% profit share and after a month you will receive 80% of the profits generated.
Note that the evaluation rules remain the same for all account sizes (up to $500,000).
Trader and Account Security: Is IC Funded Safe to Use?
IC Funded has a strong reputation in the prop trading industry. The prop firm has a physical address at 8/F Sun House, 90 Connaught Rd Central, Hong Kong. This is crucial as most scam prop firms hide this information.
IC Funded does not require, store, or hold client deposits in any way. It does not require traders to deposit as it isn’t a broker but a proprietary firm that offers users its own capital to trade. The only funds it receives from traders is the evaluation fee and this is refundable during the user’s first profit split withdrawal.
All trades executed on behalf of IC Funded are done in a simulated environment with virtual trading capital. Beyond trading capital, IC Funded utilizes several security measures to ensure the privacy of trader data. It uses standard encryption to protect user data from interception and unauthorized access.
The prop firm is also compliant with Anti Money Laundering regulations and Counter Terrorism laws. It has a strong stance against wash trading, layering spoofing, and other dubious practices. Users caught engaging in such practices will have their accounts revoked or suspended.
Who is it Best For?
IC Funded is an excellent option for seasoned traders with a solid track record who want to expand their trading methods without jeopardizing their personal funds. IC Markets’ support for the platform ensures a smooth experience for users who are already acquainted with the broker’s tools (competitive spreads, quick execution, and all-encompassing market access).
IC Funded is great for forex traders, as the platform supports forex majors, forex minors, forex exotics, as well as a few other instruments like energies, metals, etc.
For individuals who are just starting out or are still honing their talents, IC Funded might not be the greatest platform due to its strict trading regulations and steep admission requirements. For traders with less experience, the platform may pose difficulties as it requires a certain amount of knowledge and discipline.
With that being said, if beginner traders are talented enough to pass the evaluations, there is no discrimination based on experience level. It’s all about performance, furthermore IC Funded offers extensive learning material to make you become more knowledgeble.
Final Verdict on IC Funded
Competent traders have a strong chance to obtain substantial capital through IC Funded without taking on the danger of using their own money. The platform, which is backed by the respectable IC Markets, provides traders who want to grow in their careers with a transparent and safe atmosphere.
IC Funded can be an invaluable trading partner for individuals who are confident in their abilities, despite the platform’s stringent requirements and high standards not being suitable for everyone.
All things considered, IC Funded is unique in the prop trading space because of its solid support, abundance of features, and appealing profit-sharing arrangement. IC Funded is unquestionably something to think about if you’re an experienced trader looking to scale your techniques. Click here to get started.
Frequently Asked Questions
Because of its connection to IC Markets, IC Funded can provide traders with cutting-edge platforms, competitive spreads, and an extensive selection of trading instruments. Many other prop trading companies lack the strong infrastructure and market access that IC Funded has thanks to this connection.
Although it is mostly intended for seasoned traders, novices may be able to participate if they can show promise during the assessment phase. Less experienced traders, however, can find it difficult to access the platform due to its stringent entry requirements.
Supported by IC Funded, MetaTrader 4 and MetaTrader 5 are well-known for their dependability, sophisticated charting features, and extensive market access.
Traders are judged on their overall profitability, consistency in performance, and risk management skills. To be eligible for funding during the review phase, you must meet certain profit targets and follow risk management protocols.
Even though IC Funded is designed for seasoned traders, users may access a wealth of educational materials on the platform, like as trading methods and tools for market analysis, to help them hone their craft.
IC Funded has an unlimited number of days for trading and a 5-day minimum. Meaning, you can take as long as you need to complete the evaluation phases, as long as it is longer than 5 days.
You cannot lose more than 5% in one day.
The maximum amount you can lose on your funded account is 10%.