IC Funded Review 2025 – A Detailed Breakdown of This Prop Firm

IC Funded is one of the latest prop firms to enter the industry, offering traders access to institutional-grade trading conditions backed by IC Markets. Since its launch in 2023, it has gained attention for its low-cost funding model, no-time-limit evaluation process, and quick payout structure.

Unlike many other prop firms, IC Funded provides tight spreads, direct liquidity access, and a trader-friendly funding model that makes it an attractive choice for forex and CFD traders. But is it the right prop firm for you?

In this comprehensive IC Funded review, we’ll cover everything you need to know about the firm, including its evaluation process, pricing, profit-sharing, trading conditions, and how it compares to other prop firms. By the end, you’ll have a clear picture of whether IC Funded is worth your time and money.

What is IC Funded?

IC Funded is a proprietary trading firm that allows traders to access large amounts of capital by passing a two-phase evaluation challenge. With funding options ranging from $5,000 to $500,000, it caters to traders at all skill levels.

A standout feature is its connection to IC Markets, one of the world’s most reputable forex brokers. This partnership ensures traders benefit from ultra-tight spreads, low commissions, and superior trade execution speeds.

One major advantage of IC Funded is its evaluation fee refund policy—meaning successful traders get their challenge fee back after their first profit withdrawal.

Key Features of IC Funded

✔ No time limits on evaluation challenges
✔ Institutional-grade liquidity with raw spreads
✔ Funding accounts up to $500,000
✔ 75%–80% profit split for funded traders
✔ On-demand payouts every 14 days
✔ Supports MT4, MT5, and cTrader
✔ Evaluation fee refunded upon first withdrawal

IC Funded’s Evaluation Process

IC Funded requires traders to pass a two-phase challenge before getting access to a funded account.

Phase 1: Evaluation

• Profit Target:10%
• Maximum Drawdown:10%
• Daily Loss Limit:5%
• Minimum Trading Days:5
• Time Limit:None

Unlike competitors like FTMO, which enforce strict 30-day time limits, IC Funded’s no-time-limit structure gives traders the flexibility to trade at their own pace.

Phase 2: Verification

• Profit Target:5%
• Drawdown & Daily Loss Limits:Same as Phase 1
• Minimum Trading Days:5
• Time Limit:None

After completing Phase 2, traders receive a funded account and can begin earning real profits.

IC Funded Profit Split & Payouts

IC Funded’s profit-sharing model ensures that traders retain a significant portion of their earnings.

Profit Split Breakdown

• Initial Profit Split:75% to the trader
• After One Month:80% to the trader

Some prop firms offer higher profit splits (up to 90%), but IC Funded’s refund policy and tight spreads balance this out. Additionally, traders can benefit from scalability options, allowing them to gradually increase their account size over time.

Payout Process

• First withdrawal available after 14 days
• Default monthly withdrawals
• On-demand payouts every 14 days
• Withdrawal methods: Bank transfer, Skrill, Cryptocurrency
• No internal withdrawal fees
• Minimum withdrawal: $20 for bank, $150 for crypto
• Processing time:Typically completed within 24–48 hours, making it one of the fastest payout systems among prop firms.

IC Funded allows traders to compound profits by leaving earnings in their funded accounts instead of withdrawing immediately. This approach helps traders grow their capital base and maintain a larger trading balance over time.

IC Funded Pricing & Fees

IC Funded follows a one-time evaluation fee model, meaning no recurring charges.

Compared to FTMO ($540 for a $100K challenge), IC Funded’s pricing is more affordable, especially considering the evaluation fee is fully refunded after the first successful withdrawal. This structure reduces the financial burden of the challenge, making it a lower-risk investment for skilled traders.

Evaluation Fee Refund

One of IC Funded’s best perks is its evaluation fee refund policy. After a trader makes their first withdrawal, IC Funded refunds the entire challenge fee, making it a low-risk investment for skilled traders. This is particularly beneficial because it reduces the financial burden of attempting multiple challenges, allowing traders to focus on performance instead of costs.

Additionally, IC Funded occasionally runs promotions where traders can receive partial fee refunds even before their first payout, creating extra incentives for traders who perform well during the evaluation stages.

IC Funded Trading Conditions

IC Funded offers top-tier trading conditions, making it an excellent choice for serious traders. With its raw spread accounts, low commission fees, and access to institutional-grade liquidity, traders can execute strategies efficiently without excessive trading costs.

Unlike many prop firms that add hidden markups or restrict trading styles, IC Funded provides a transparent and trader-friendly environment with fast execution speeds, flexible order types, and deep market liquidity.

Trading Platforms

One of the biggest advantages of IC Funded is its support for multiple trading platforms:

• MetaTrader 4 (MT4)– The most widely used forex trading platform, popular among retail traders for its simplicity, custom indicators, and expert advisor (EA) support.
• MetaTrader 5 (MT5)– The upgraded version of MT4, offering more timeframes, advanced order types, and faster execution speeds. MT5 is preferred by traders who need extra depth-of-market (DOM) tools and multi-asset trading capabilities.
• cTrader– Unlike many prop firms, IC Funded supports cTrader, a high-performance platform known for its transparent pricing, advanced charting tools, and lightning-fast execution. Many professional traders prefer cTrader due to its depth-of-market visibility and one-click trading features.

Having access to three top-tier trading platforms means IC Funded caters to all trader preferences. Whether you use MT4 for algorithmic trading, MT5 for multi-asset trading, or cTrader for professional-grade execution, IC Funded provides a smooth trading experience across all platforms.

Leverage

IC Funded offers moderate leverage levels, ensuring traders have enough capital flexibility while maintaining sustainable risk management.

• Forex & Gold: 1:50
• Indices & Commodities: 1:10
• Stock CFDs: 1:5

How Does IC Funded’s Leverage Compare to Competitors?

• FTMO: Offers up to 1:100 leverage, allowing more aggressive trading but also increasing risk.
• The Funded Trader: Provides leverage up to 1:200, which is attractive for high-risk strategies.
• MyFundedFX: Uses dynamic leverage, scaling based on account balance.

While some firms offer 1:100 or 1:200 leverage, IC Funded prioritizes capital preservation and risk control, making it a better choice for disciplined traders.

Why 1:50 Leverage is Smart for Prop Trading

Although high leverage allows traders to control larger positions, it dramatically increases risk. A 1:50 leverage cap is a safeguard against excessive risk-taking, ensuring traders can sustain longer trading periods without hitting the drawdown limits too quickly.

IC Funded’s risk-focused approach is better suited for traders who value capital protection and long-term success rather than quick, high-risk gains.

Available Instruments – What Can You Trade?

IC Funded provides access to a diverse range of financial markets, including forex, indices, metals, and commodities.

Forex Pairs (Majors, Minors, Exotics):

• Trade over 60 forex pairs, including EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
• Exotic pairs like USD/SGD, EUR/ZAR, and USD/MXN available for traders who seek volatility.

Stock Indices:

• Trade major global indices, including S&P 500 (US500), NASDAQ 100 (NAS100), Dow Jones (US30), DAX (GER30), FTSE 100 (UK100), and Nikkei 225 (JP225).
• Indices provide diversified exposure to global stock markets without trading individual equities.

Metals (Gold & Silver):

• Trade spot gold (XAU/USD) and silver (XAG/USD) with tight spreads and deep liquidity.
• Precious metals serve as safe-haven assets, ideal for trading during market uncertainty.

Commodities (Oil, Natural Gas):

• Crude Oil (WTI & Brent) and Natural Gas (NGAS) available for trading.
• Commodity trading offers high volatility and trend-following opportunities.

Does IC Funded Offer Crypto or Stocks?

No Cryptocurrency Trading. Unlike some competitors, IC Funded does not support Bitcoin (BTC/USD) or other cryptocurrencies.

Limited Individual Stocks. While stock indices are available, single stocks like Apple (AAPL) or Tesla (TSLA) are not offered. If you prefer trading individual stocks or cryptocurrencies, you might need to consider other prop firms.

Spreads & Commissions

IC Funded provides some of the lowest trading costs in the prop trading industry thanks to IC Markets’ raw spread accounts.

Raw Spreads – As low as 0.0 pips on major forex pairs like EUR/USD and USD/JPY.
Low Commissions – $7 per lot round-turn, among the lowest in the industry.

Why Do Low Spreads Matter?

For scalpers and high-frequency traders, spreads are the biggest cost factor. IC Funded’s raw spread accounts allow traders to enter and exit positions without excessive slippage or inflated costs.

How Do IC Funded’s Trading Costs Compare?

IC Funded’s zero-spread model is ideal for traders who need fast execution and minimal trading costs. Unlike FTMO, which inflates spreads to compensate for zero commission, IC Funded keeps spreads tight and charges a transparent commission.

Execution Speed & Market Liquidity

One of the biggest advantages of IC Funded is its high-speed trade execution, powered by IC Markets’ global liquidity network.

• Ultra-Fast Order Execution– Average execution speed of under 30 milliseconds, reducing slippage.
• Deep Liquidity– Access to Tier-1 banks and liquidity providers, ensuring tight spreads even during volatile market conditions.
• Minimal Slippage– Due to low-latency order processing, IC Funded is ideal for scalping, day trading, and news trading.

Who Benefits Most from IC Funded’s Execution Speed?

• Scalpers– Low spreads + fast execution = higher profitability for scalping strategies.
• News Traders– No restrictions on trading during high-impact economic events.
• Algorithmic Traders– EA & algo-friendly platforms ensure smooth order execution.

IC Funded vs. Other Prop Firms

Final Verdict – Should You Trade with IC Funded?

IC Funded is one of the best prop firms in 2025, offering low trading costs, flexible evaluation rules, and fast payouts.

Pros

✅ Institutional-grade trading conditions with raw spreads.
✅ No time limit to complete the challenge.
✅ Full refund of evaluation fees after the first withdrawal.
✅ Multiple platforms supported (MT4, MT5, cTrader).
✅ On-demand payouts every 14 days.
✅ No hidden fees or unexpected costs.

Cons

❌ No cryptocurrency trading.
❌ Leverage limited to 1:50 for forex.
❌ Profit split starts at 75%, while some firms offer up to 90%.

Best for: Forex and CFD traders looking for low-cost trading, no time restrictions, and a fair funding model.
Not ideal for: Crypto traders or those who prefer high-leverage environments.

With its strong trading conditions, fair rules, and refund policy, IC Funded is a top-tier prop firm for serious traders.