IC Funded Review: Fresh Prop Firm Backed by IC Markets

This IC Funded review looks at a new prop firm supported by IC Markets, outlining its evaluation process, trading rules, costs, and practical ways to get funded.

IC Markets, one of the largest forex brokers globally, holds 38,000+ Trustpilot reviews with a 4.8/5 score, lending immediate credibility to IC Funded through that affiliation. IC Funded and IC Markets appear to operate as separate legal entities, with IC Markets acting as the broker partner (pricing, execution, and platforms) while IC Funded runs the prop evaluation and payout program. IC Funded is not presented as a regulated broker; regulation and registration generally apply to the brokerage side rather than the prop program itself.

Below, we break down what the firm offers, spotlight standout features, cover critical rules to safeguard your funded account, and share a simple tactic to trim your challenge fee.

The evaluation is straightforward. Trading account sizes start at $5,000 with a $49 fee, with higher tiers priced up to just under $2,500.

The challenge fee is the main upfront cost to begin, and there is no separate minimum deposit required to start trading. If you fail and want to try again, you generally need to repurchase the evaluation, and normal trading costs (spreads/commissions) apply while trading.

The program uses two steps: Phase 1 targets a 10% gain, and Phase 2 requires 5%. There is no stated maximum trading period; each phase stays open until you either hit the target or breach a risk rule, but each phase needs at least five trading days. Risk limits include a 5% daily loss cap and a 10% overall drawdown. The leverage framework also signals the main instrument coverage (FX, gold, indices, commodities, and equities), and trading hours generally follow the market hours of the instruments you trade. Beyond the headline limits, expect standard “fair use” expectations around avoiding platform abuse or price-feed exploitation.

On passing the evaluation, the payout split starts at 75/25 and improves to 80/20 after 30 days. Splits are typically calculated on net trading profit (after trading costs such as spreads/commissions), and the improved split generally depends on keeping the account in good standing and continuing to follow the program rules. The challenge fee is refunded once you are funded.

Withdrawal options and fees are selected inside your dashboard at the time you request a payout and can vary by region:

• Bank transfer: IC Funded’s own fee is not specified; your bank may charge wire, receiving, or FX conversion fees.
• Card or e-wallet payouts (where offered): IC Funded’s own fee is not specified; the payment provider may apply processing fees.
• Crypto payouts (where offered): IC Funded’s own fee is not specified; network fees and conversion fees may apply.

Withdrawal processing is commonly described as fast, but a realistic expectation is a few business days on average once your request is submitted and reviewed. Verification checks, weekends/holidays, and the settlement speed of your chosen payout method are the main factors that can slow down receipt.

The firm favors a clean, two-step evaluation without extras—returning to a classic blueprint that helped early category leaders such as FTMO set the standard.

In practical terms, the “backed by IC Markets” angle is best understood as a brokerage-infrastructure relationship: IC Markets provides the trading environment, while IC Funded provides the program structure and the account allocation for traders who pass.

• Tight spreads: Trading costs can be notably lean compared with many competitors.
• Strong execution and liquidity: The trading environment is designed to feel broker-grade rather than “prop-only.”
• $500,000 maximum allocation: The top end of the capital offering stands out versus many firms.
• Competitive fees: Pricing is not always the lowest, but it stays in the reasonable range for the conditions offered.

Supported platforms include MetaTrader 4, MetaTrader 5, and cTrader, though platform availability can depend on the account setup you choose during purchase. In most cases, you select one platform per account, and any platform-specific tools or interface features do not change the core risk rules.

Unlike many rivals, trading during news events is permitted.

There are regional restrictions, and applicants from certain countries cannot join. Check the firm’s FAQ for the current list of excluded jurisdictions.

To keep your funded account in good standing, pay attention to these less obvious rules:

• Consistent Trading Days: Each phase requires a minimum of five active days. Token micro-trades to satisfy the counter—or opening oversized positions early and idling afterward—may be unwelcome. Maintain steady participation through the evaluation.
• No Copy Trading: Using external signals, trade copiers, or similar tools is prohibited. Violations can result in suspension, so rely on your own strategy.
• Strategy Consistency: Your approach in the evaluation should align with behavior once funded. A major shift in methodology can lead to the funded account being closed.

Although new, the firm holds a 4.4 Trustpilot rating from just over 60 reviews. Traders highlight responsive customer support, fast payouts, and favorable trading conditions. Some negative comments point to geographic restrictions, with reports from Pakistan and Malaysia about being unable to participate. Based on the broker partnership, the clarity of the core rules, and the early pattern of user feedback, it looks more like a legit new prop firm than an obvious scam—while still carrying the normal risk that comes with a short track record.

When a prop firm is transparent about its rules, shows consistent payout handling, and clearly explains how its broker relationship works, traders can evaluate reliability even if the firm itself is not regulated like a retail broker.

If you are ready to begin the evaluation, you can shave 5% off the price. Purchase via our affiliate link and join our Discord to submit a payback request—this quick step helps lower your upfront cost.

Backed by IC Markets, this newcomer delivers a classic two-step evaluation, flexible pacing, and broad platform choice, making it a compelling choice for serious traders. With clear potential to scale and refine its offer, IC Funded is a firm to watch as features, payouts, and the overall trading experience continue to evolve.