Research profile
IC Funded
IC Funded is a Gros Islet, Saint Lucia-based instant funding and evaluation prop firm founded in 2024, trading forex, indices, metals, energies, and crypto, profiled by proprietarytrading.com.
Things to know (3)
Independent notes from our review. Many firms have some; check the sources for detail.
Low: minor, fine to skim. Medium: worth looking into. High: review the details carefully.
Medium (1)
- Some traders report payout rejections and closures under the 75% margin-exposure rule; the firm has replied with specific rebuttals. Trustpilot (opens in new tab)Noted 21 Oct 2026
Low (2)
- Regulators including the UK FCA (2 Oct 2024), Japan FSA (2025) and Oman FSA (2026) have warned about IC Markets Global, a sister broker brand of IC Funded in the IC Markets group; IC Funded itself is not named. FCA (opens in new tab)Noted 22 Oct 2026
- Operated by IC Funded Evaluations Ltd (Saint Lucia, company 2024-00388, registered 2024); US eligibility is not confirmed. Site (opens in new tab)Noted 21 Oct 2026
Simulated prop firm offering 1-Step Accelerated, 2-Step Professional, and Instant Funded programs. Operated by IC Funded Evaluations Ltd in Saint Lucia.
- Headquarters
- Gros Islet, Saint Lucia
- Founded
- 2024
- Funding model
- Instant Funding + Evaluation
- Geographic availability
- U.S. tradersNot accepted
May suit
traders focused on forex, indices, metals, energies, crypto; traders who want a choice between evaluation and instant-funding paths.
Consider alternatives if
you require futures, stocks, options.
Trader rating
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Overview
What this firm is and who it serves
IC Funded is a Saint Lucia–operated simulated prop firm offering accelerated evaluation and instant-funded paths across forex, indices, metals, energies, and crypto.
At a glance
Structured facts about this firm
- Firm Type
- Instant Funding + Evaluation prop firm
- Market Focus
- Forex, Indices, Metals, Energies, Crypto
- Trading Style
- News trading permitted, overnight holding allowed
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Gros Islet, Saint Lucia
- Geographic availability
- Global (some jurisdictions excluded)
- Known For
- 1-Step, 2-Step, and Instant Funded models available
Payout structure
How and when you get paid
Funding programs
Account types and the path to capital
Evaluation
2-Step Professional
Source (opens in new tab)| Account | Fee | Target | Drawdown |
|---|---|---|---|
| $5K | $74 | 10% | 10% |
| $10K | $125 | 10% | 10% |
| $25K | $249 | 10% | 10% |
| $50K | $449 | 10% | 10% |
| $100K | $689 | 10% | 10% |
| $200K | $1,275 | 10% | 10% |
| $500K | $2,999 | 10% | 10% |
- Profit split
- 80–90%
- Payouts
- Bi-weekly
- Max drawdown
- 10% (static)
- Daily loss limit
- 5%
- Min trading days
- 3
Pricing notes
One-time $74/$125/$249/$449/$689/$1,275/$2,999 ($5K–$500K). Targets 10% / 5%, 5% daily (EOD equity), 10% fixed max drawdown, 3 min active days per phase, split up to 90%* (80% standard). Bi-weekly payouts (weekly add-on); payout 1 needs 5 profitable days, payout 2 needs 3, min 14 calendar days each.
1-Step Accelerated
| Account | Fee | Target | Drawdown |
|---|---|---|---|
| $10K | $154 | 10% | 6% |
| $25K | $309 | 10% | 6% |
| $50K | $469 | 10% | 6% |
| $100K | $809 | 10% | 6% |
- Profit split
- 80–90%
- Payouts
- Bi-weekly
- Max drawdown
- 6% (static)
- Daily loss limit
- 3%
- Min trading days
- 3
Pricing notes
One-time $154/$309/$469/$809 ($10K–$100K). 10% target, 3% daily (EOD equity), 6% fixed max drawdown, 45% consistency (evaluation only), 3 min active days, split up to 90%*. Bi-weekly payouts (weekly add-on); payout 1 needs 5 profitable days, payout 2 needs 3, min 14 calendar days each.
Instant Funding
Instant Funded
| Account | Fee | Drawdown |
|---|---|---|
| $5K | $109 | 5% |
| $10K | $164 | 5% |
| $25K | $339 | 5% |
| $50K | $519 | 5% |
| $100K | $879 | 5% |
- Profit split
- 80%
- Payouts
- Bi-weekly
- Max drawdown
- 5% (eod trailing)
- Daily loss limit
- 3%
Pricing notes
One-time $109/$164/$339/$519/$879 ($5K–$100K). No target, 3% daily (previous EOD equity), 5% max drawdown from highest EOD equity, 1.5% max risk per trade idea, 80% split. Bi-weekly payouts (weekly add-on); payout 1 needs 5 profitable days, payout 2 needs 3, min 14 calendar days each.
Trading rules
What's allowed, what isn't
Asset classes supported
Not offered: Futures, Stocks, Options
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Pros & cons
A balanced view based on documented terms
Strengths
- +Profit split up to 90% with add-ons
- +Instant funding option available without an evaluation phase
- +Evaluation fee refund provided after the third payout
- +Mandatory stop-loss orders are not required
Trade-offs
IC Funded FAQs
Based on terms reviewed Oct 23, 2026
What should traders verify before choosing IC Funded?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with IC Funded before purchasing.
Does IC Funded offer evaluation and instant-funding options?+
IC Funded offers an evaluation (challenge) path and an instant-funding path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do IC Funded's payouts and profit split work?+
The published profit split is up to 90% of net profits to the trader, depending on the program; payout frequency: Bi-weekly (weekly add-on); 1st payout after 5 profitable days, 2nd after 3, min 14 calendar days each; first payout eligibility: 5 profitable days, minimum 14 calendar days. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
What are IC Funded's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is restricted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at IC Funded?+
Markets: forex, indices, metals, energies, crypto. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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