| Year Established | 2024 |
| Headquarters | Hong Kong |
| CEO | Data not available |
| Mission | To provide comprehensive evaluations for traders to access funded accounts. |
| Funding Models/Programs | Virtual accounts through trading challenges |
| Account Sizes | $5,000 to $500,000 |
| Profit Splits | Up to 80% |
| Leverage | 50:1 on Forex/Gold, 10:1 on Indices/Commodities, 5:1 on Equities |
| Trading Instruments | Forex pairs, Commodities, Indices, Cryptocurrencies, Equities |
| Trading Fees | Competitive spreads, commissions vary by broker and account type, overnight swaps |
| Payout Frequency | First payout after 14 or 30 days from the first trade, subsequent payouts every 14 days |
| Payment Methods | Standard bank wire, Skrill, various cryptocurrencies, BTC (Bitcoin), and Rise |
| Restricted Countries | U.S.A, Canada, Australia, New Zealand, Hong Kong, Belarus, Burma (Myanmar), Belgium, Spain, Afghanistan, Central African Republic, Congo (Democratic Republic of), Crimea (including Donetsk and Luhansk regions), Ethiopia, Eritrea, North Korea, Russia, Cuba, Iran, Iraq, Lebanon, Libya, Syria, Sudan, Somalia, Mali, Venezuela, Yemen, and Zimbabwe. |
| Support Channels | Email, Live Chat, FAQ Section |
| Educational Resources | Webinars, Articles, Mentorship Programs |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Account Currencies | USD |
| Brokers | IC Funded uses tier 1 liquidity providers like its parent company, IC Markets. |
| Rules | No mandatory stop-loss, maximum daily loss of 5%, maximum overall loss of 10%, no news trading (without add-on), no weekend holding (without add-on), no EAs (without add-on), no trade copiers |
| Deposit and Withdrawal Methods | Standard bank wire, Skrill, various cryptocurrencies, BTC (Bitcoin), and Rise |
| Pros | High Profit Splits, Flexible Rules, High Leverage, No Maximum Trading Period, Multiple Add-on Features, Scaling Plan, Comprehensive Support, Extensive Educational Resources |
| Cons | Strict Risk Parameters, Minimum Trading Day Requirements, No Weekend Holding without Add-ons |
Introduction
IC Funded is a proprietary trading firm offering a structured evaluation process to help traders access funded accounts. Traders can choose from different tier programs and participate in a trading simulation that mimics real market conditions, focusing on consistency and risk management.
The firm provides up to 80% profit splits, with leverage of 1:50, and access to over 150 tradable instruments. IC Funded emphasizes continuous learning with extensive educational resources, including webinars and articles. Support is available 24/5 through various channels.
IC Funded Company Overview
IC Funded, owned and operated by Finocom Services LTD, was launched in 2024. The firm is headquartered in Hong Kong and managed by CEO Andrew Budzinski. IC Funded provides traders with a structured evaluation process to access funded accounts, emphasizing strategic trading and risk management through virtual accounts.
IC Funded offers comprehensive educational resources, including webinars and articles. Traders can access over 150 instruments with leverage up to 1:50 and profit splits up to 80%. Support is available 24/5 via email and live chat.
Key Highlights
- Headquarters: Hong Kong
- Year Established: 2023
- CEO: Andrew Budzinski
- Mission: To provide comprehensive evaluations for traders to access funded accounts.
- Vision: To revolutionize prop trading by combining actionable education with real trading opportunities, empowering traders to succeed.
IC Funded Evaluation Process and Funding Programs
Evaluation Process:
- Phase 1: Traders must achieve a 10% profit target while adhering to a 5% daily loss limit and a 10% overall loss limit.
- Phase 2: Traders need to achieve a 5% profit target with the same risk parameters as Phase 1.
Funding Programs:
- Account Sizes: $5,000 to $500,000
- Leverage: 50:1 on FX/Gold, 10:1 on indices/commodities, 5:1 on equities
- Profit Splits: 75/25 initially, increasing to 80/20 after the first month
- Fees: One-time fees ranging from $49 to $2,498 depending on the chosen account size
IC Funded is ideal for disciplined traders who can consistently manage risk and achieve profit targets. It suits those looking for a structured evaluation with clear rules and a path to substantial capital. The program offers flexibility and comprehensive educational resources, making it suitable for both new and experienced traders aiming to scale their trading operations.
IC Funded Trading Conditions and Requirements
Clients may purchase multiple evaluations, but only one account can be active at a time. IC Funded’s risk management system integrates directly with issued trading accounts for continuous monitoring. The evaluation program involves two phases in a simulated trading environment, culminating in a funded account upon successful completion.
Leverage
- Forex/Gold: Up to 50:1
- Indices/Commodities: Up to 10:1
- Equities: Up to 5:1
Trading Instruments
- Forex Pairs
- Commodities
- Indices
- Cryptocurrencies
- Equities
Key Rules:
- Must be at least 18 years old.
- Successful traders undergo KYC verification.
- Services available only in legally permitted countries.
- The evaluation fee includes access to the trading platform and educational resources.
- No losses beyond the evaluation fee; fee refunded upon first profit split.
- Soft breaches close rule-violating trades; hard breaches lead to evaluation failure or account revocation.
- Minimum Requirements: Must complete at least 5 trading days and execute a minimum of 5 trades.
- Daily Loss Limit: Maximum daily loss is 5%, starting from 0:00 GMT+3 or GMT+2, depending on daylight savings.
- Expert Advisors (EAs): Allowed if not used for copy trading, you own the source code, and they do not cause hyperactivity (exceeding 3,000 server requests per day).
- High-Frequency Trading (HFT): Not permitted.
- Copy Trading: Prohibited across multiple accounts.
- Account Merging: Not allowed.
IC Funded Profit Splits and Payment Methods
Profit Splits:
- Initial: 75/25 split between the trader and the firm.
- After First Month: Increases to an 80/20 split.
Payout Frequency:
- First Payout: After 14 or 30 days from the first trade, depending on the account type.
- Subsequent Payouts: Every 14 days from the first trade after the last payout.
- On-Demand: Traders can request profit distributions post a 14-day period from the date of the initial trade.
Payment Methods:
- Deposits and Withdrawals: Available via standard bank wire, Skrill, various cryptocurrencies, and BTC (Bitcoin).
- No Commission Fees: Imposed on these withdrawal transactions.
- Minimum Net Profit for Withdrawals: $20 for bank wire transfers and $50 for crypto payouts.
- Transaction Fees: While IC Funded does not charge withdrawal fees, intermediary banks or financial institutions may impose their own fees.
Unique Payout Features:
- Rise Payouts: Traders need a Rise account registered with the same email used on IC Funded.
- Processing Time: Payouts processed within 3 to 5 business days after confirmation from the trader.
- No Active Trades: Required when requesting a payout.
- Read-Only Status: Accounts are placed on read-only status until the payout is completed.
- Evaluation Fee Refund: Traders who pass the two-step evaluation successfully will receive a refund of the fee upon their first withdrawal after 30 days.
IC Funded Pros and Cons
Pros:
- High Profit Splits: Up to 80% profit splits after the first month.
- Flexible Rules: Allows use of Expert Advisors (EAs) with specific conditions.
- Educational Resources: Extensive educational content including webinars and articles.
- Scalability: Opportunity to manage larger funded accounts based on performance.
- No Commission Fees: No fees on withdrawals, with profit split requests on-demand.
Cons:
- Strict Risk Parameters: 5% daily loss limit and 10% overall loss limit can be challenging.
- Hyperactivity Restrictions: Accounts exceeding 3,000 server requests per day can be flagged for hyperactivity.
IC Funded Broker Partnerships and Trading Environment
Broker:
- IC Funded uses tier 1 liquidity providers like its parent company, IC Markets.
Trading Platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
Trading Fees:
- Spreads: IC Funded offers raw spreads, providing traders with clear and efficient trading conditions.
- Commissions: Not specifically detailed, but typically, raw spreads involve some commission per trade.
- Swaps: Overnight fees are applied for holding positions, which vary based on the instrument and market conditions.
IC Funded Support and Resources for Traders
Available Support Channels
- Email: Direct inquiries.
- Live Chat: Immediate assistance through the website.
- FAQ Section: Comprehensive answers to common questions.
Educational Resources
IC Funded provides various educational resources, including:
- Webinars: Regular sessions on trading topics.
- Articles: Market insights and strategies.
- Mentorship Programs: Personalized guidance from experienced traders.
IC Funded User Experiences and Testimonials
Since IC Funded has recently launched, there are currently no user reviews available. However, IC Markets, the parent company of IC Funded, has an excellent reputation on Trustpilot, with a rating of 4.7 out of 5 from over 36,000 reviews. Here are some key insights from the reviews:
Positive Reviews:
- Customer Service: Many users praise the responsive and helpful customer support, available 24/7 via live chat, phone, and email.
- Trading Conditions: Users appreciate the tight spreads, fast execution speeds, and lack of slippage. The availability of multiple trading platforms (MT4, MT5, cTrader) is also a positive point.
- Educational Resources: Traders find the educational materials, including webinars, video tutorials, and trading guides, very useful for both beginners and experienced traders.
Negative Reviews:
- Platform Stability: A few users have reported occasional platform stability issues, such as server downtime.
- Withdrawal Delays: Some traders have experienced delays in the withdrawal process, although these are typically resolved by the support team.
Given IC Markets‘ strong reputation, traders can have confidence in IC Funded’s reliability and trustworthiness.
IC Funded Trading Dashboard
The IC Funded trading dashboard features a clean, user-friendly interface with a predominantly black, white and gray color scheme.
Layout:
- Left Sidebar: Contains main navigation options including account overview, leaderboard, trading history, and settings.
- Right Panel: Displays detailed account information, open positions, and performance analytics.
Key Features:
- Real-Time Data: Live updates on market prices and trading activity.
- Customizable Layout: Allows traders to personalize their dashboard for an optimized trading experience.
- Comprehensive Analytics: Detailed reports on trading performance and risk management.
Overall, the IC Funded trading dashboard provides a seamless and efficient trading experience.
Expert Opinion on IC Funded
IC Funded offers a structured and supportive environment for traders seeking funded accounts. The two-phase evaluation process, combined with competitive profit splits of up to 80%, makes it an attractive option. The trading dashboard is user-friendly, with a clean white and gray interface, real-time data, and customizable features. The integration with top-tier liquidity providers like IC Markets ensures reliable and transparent trading conditions.
Summary of Key Points:
- Evaluation Process: Two-phase with realistic profit targets and strict risk parameters.
- Profit Splits: Up to 80% after the first month.
- Trading Platforms: MT4, MT5, cTrader.
- Support and Resources: Email, live chat, comprehensive educational resources.
- Dashboard Usability: Intuitive layout with real-time data and customizable options.
Final Thoughts
IC Funded, backed by the reputable IC Markets, provides a robust and transparent trading environment. The firm’s emphasis on education and support, along with competitive trading conditions, makes it suitable for both new and experienced traders.
Final Verdict and Recommendation
In conclusion, IC Funded is a reliable and well-structured proprietary trading firm offering significant benefits to traders. The user-friendly dashboard, comprehensive support, and educational resources enhance its appeal.
Highly recommended for traders seeking a reputable and supportive environment to scale their trading operations.
