IC Funded is a broker-backed CFD prop firm launched in 2024 in partnership with IC Markets, one of the most established forex brokers globally. It offers 1-Step and 2-Step evaluations on accounts from $5,000 to $200,000, with scaling to $500,000. The profit split starts at 75% and rises to 80% after your third payout. Use code PROPFIRMS25 for 25% off any challenge fee.
Rating Breakdown
Pros
- Backed by IC Markets, a fully regulated broker (ASIC, CySEC)
- News trading is permitted on both evaluation types
- EAs allowed if trader controls the logic and avoids HFT
- Competitive entry fees from $74 for the 2-Step
- No time limit on either evaluation type
- Scalping is permitted
- Scaling path up to $500,000 without paying a new challenge fee
- $500 payout-guarantee compensation if processing exceeds 48 hours
- 2-Step allows overnight and weekend holding
- No withdrawal fees charged by IC Funded
Cons
- Profit split starts at 75%, below the 80-90% most competitors offer from day one
- Challenge fee only refunded after the third payout, not the first
- MT5 is the primary platform; MT4 and cTrader not guaranteed on all account types
- 1-Step has a hard 45% consistency rule that catches aggressive traders
- 1-Step prohibits weekend holding, excluding swing traders
- 1-Step drawdown is tight: 3% daily / 6% max on the evaluation
- First payout requires 14 calendar days plus 5 qualifying profitable days
- Geographic restrictions: US, Canada, and several other countries are excluded
- Very new firm with a limited track record (founded 2024)
Account Plans and Pricing
2-Step Professional Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 10% |
| Phase 2 profit target | 5% |
| Time limit | None |
| Min. trading days | 3 per phase (each day must show a gain of at least 0.5%) |
| Max drawdown (evaluation) | 8% static (Phase 1) / 10% static (Phase 2), based on initial balance |
| Daily loss limit (evaluation) | 4% trailing EOD (Phase 1) / 5% trailing EOD (Phase 2) |
| Max drawdown (funded) | 10% static |
| Daily loss limit (funded) | 5% trailing EOD |
| Consistency rule | 45% soft rule in Phase 1 (review-only, not auto-fail); none in Phase 2 |
| Weekend holding | Allowed |
| Fee refund | Returned after 3rd payout |
1-Step Accelerated Challenge Rules
| Evaluation type | One-step (single phase) |
| Profit target | 10% |
| Time limit | None |
| Min. trading days | 3 (each day must show a gain of at least 0.5%) |
| Max drawdown (evaluation) | 6% static, based on initial balance |
| Daily loss limit (evaluation) | 3% trailing EOD |
| Max drawdown (funded) | 7% static |
| Daily loss limit (funded) | 3% trailing EOD |
| Consistency rule | 45% hard rule — no single day can exceed 45% of cumulative profit |
| Weekend holding | Not allowed (flatten required by Friday close) |
| Fee refund | Returned after 3rd payout |
Payouts
| First payout eligibility | 14 calendar days from first trade + 5 qualifying profitable days (each 0.5%+ gain) |
| Default payout cycle | Bi-weekly (every 14 calendar days) |
| Initial profit split | 75% to trader / 25% to IC Funded |
| Scaled profit split | 80% to trader after 3rd payout (approx. 30 days funded) |
| Challenge fee refund | Returned with 3rd payout (not first) |
| Payout processing | 1–3 business days; $500 compensation guarantee if over 48 hours |
| Withdrawal fees | None from IC Funded; wire transfers $20 min, crypto $50 min |
| KYC required | Yes, before first payout |
| Verified total paid | Not publicly disclosed |
Trading Conditions
| Primary platform | MetaTrader 5 (MT5) |
| Other platforms | MT4 and cTrader available on select account configurations (confirm before purchase) |
| Instruments | Forex (majors, minors, exotics), indices, commodities (gold, silver, oil) |
| Crypto CFDs | Available at 1:2 leverage |
| Leverage (forex majors) | 1:30 on 1-Step / 1:50 on 2-Step |
| Leverage (indices / metals / commodities) | 1:20 |
| Leverage (crypto) | 1:2 |
| News trading | Allowed on both programmes |
| Overnight holding | Allowed on both programmes |
| Weekend holding | Allowed on 2-Step only; prohibited on 1-Step |
| Expert Advisors (EAs) | Permitted if trader owns/controls the logic and EA does not exceed 3,000 messages/day |
| Copy trading | Not permitted |
| HFT / arbitrage | Not permitted |
| Scalping | Allowed |
| Inactivity rule | Account closed after 30 consecutive days without trading |
| Broker backing | IC Markets (ASIC, CySEC regulated) |
| Scaling plan | Performance-based; maximum allocation $500,000 at no extra challenge cost |
Our Verdict
IC Funded’s most credible selling point is the IC Markets connection. IC Markets is one of the largest and most regulated retail forex brokers in the world, holding licences with ASIC in Australia and CySEC in Europe. For a prop firm launched in 2024, that institutional backing matters. Most firms of this age are running off white-label software with no broker relationship worth naming. IC Funded has one, and it is legitimate.
The 2-Step Professional is the more trader-friendly product. The drawdown room is reasonable at 8-10% across the evaluation phases, weekend holding is allowed, and the soft 45% consistency rule in Phase 1 means you will not auto-fail from a single strong session. The 1-Step is a different story. A 3% daily loss limit on the evaluation is tight even by industry standards. Combined with a hard 45% consistency rule and no weekend holding, the 1-Step is designed for disciplined intraday traders running steady, controlled strategies. Swing traders and anyone who takes larger directional positions should go for the 2-Step or look elsewhere.
The profit split structure is the main commercial weakness. Starting at 75% and only reaching 80% after your third payout is below where most competitors start. Many CFD prop firms now offer 80-90% from day one. On a $100,000 funded account, that gap costs you real money over the first few payouts. The challenge fee refund being tied to the third payout rather than the first adds friction for traders who want their capital back quickly. If you plan to request three payouts before cycling to a new account, the economics improve. If you want the fee back fast, IC Funded is not the best fit.
The first payout requirement of 14 calendar days plus five qualifying profitable days is worth flagging. Each qualifying day requires a gain of at least 0.5% of account size. For a $25,000 account that is $125 per day, five separate days, before IC Funded will process your first withdrawal. Scalpers who take many small trades can hit this fairly quickly. Traders who take fewer, larger positions may find the 5-day qualification window stretches the timeline. Use our consistency calculator to map out your daily targets before you start the funded phase.
Platform coverage is a gap. MT5 is solid but it is one platform. Firms like FXIFY give traders MT4, MT5, DXtrade, and TradingView. IC Funded lists MT4 and cTrader as available on “select configurations,” which is vague enough to be a concern if you have a strategy built around a specific platform. Confirm platform availability before purchasing.
IC Funded is a reasonable choice for disciplined 2-Step traders who want IC Markets execution quality and are comfortable with a slower path to 80% split. It is not the best fit for swing traders on the 1-Step, traders who want their fee back on the first payout, or anyone needing platform flexibility beyond MT5. Given its age, it is still building its track record. The IC Markets backing gives it more credibility than most firms at this stage, but it has not yet accumulated the payout history or review volume to compete with established players.
IC Funded Coupon Code and Discount
The current IC Funded coupon code is PROPFIRMS25, which gives 25% off all challenge fees. Enter the code at checkout on the IC Funded website. It applies to both the 1-Step Accelerated and 2-Step Professional across all account sizes.
At 25% off: the 2-Step $5,000 entry drops from $74 to approximately $55. The 1-Step $5,000 entry drops from $154 to approximately $115. The fee is refunded after your third payout regardless of whether a discount was applied.
| Code | PROPFIRMS25 |
| Discount | 25% off |
| Applies to | All challenge types and account sizes |
| Last verified | July 2026 |
Frequently Asked Questions
Is IC Funded a legitimate prop firm?
IC Funded is a legitimate prop firm backed by IC Markets, an ASIC- and CySEC-regulated broker based in Australia. It launched in 2024 and holds a 4.4 out of 5 rating on Trustpilot from 60+ reviews. It is not a regulated entity itself — like all prop firms, it operates outside financial regulation — but the IC Markets backing adds a layer of institutional credibility most newer firms lack.
What challenge types does IC Funded offer?
IC Funded offers two evaluation models: the 1-Step Accelerated and the 2-Step Professional. The 1-Step has a single 10% profit target but comes with tight 3% daily and 6% max drawdown limits, a hard 45% consistency rule, and no weekend holding. The 2-Step spreads evaluation over two phases (10% then 5%) with more relaxed 4-5% daily and 8-10% max drawdown, and weekend holding is permitted. Account sizes run from $5,000 to $200,000 with performance-based scaling to $500,000.
What is the IC Funded profit split?
IC Funded starts traders on a 75/25 split — you keep 75% of profits. After your third payout (roughly 30 days of funded trading), the split improves to 80/20. The challenge fee is also refunded at the third payout. This progressive structure is below the 80-90% splits offered from day one by many competitors, so factor this into your decision if payout percentage matters more than entry cost.
What platforms does IC Funded support?
IC Funded runs primarily on MetaTrader 5 (MT5). MT4 and cTrader are listed as available on select account configurations but are not guaranteed across all plan types. If your strategy depends on MT4 or cTrader, confirm which platform is available on the specific account size you want before purchasing a challenge.
Is there an IC Funded discount code?
Yes. The IC Funded coupon code PROPFIRMS25 gives 25% off all challenge fees. This brings the 2-Step entry-level fee from $74 down to approximately $55, and the 1-Step entry from $154 to approximately $115. The code applies to all account sizes and both challenge types. Enter it at checkout on the IC Funded website.
Ready to try IC Funded?
IC Markets backed. 1-Step and 2-Step challenges. Accounts from $5K to $200K. Scale to $500K. Use code PROPFIRMS25 for 25% off.
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