Position in Rating | Overall Rating | Trading Terminals |
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IC Funded Review
Prop trading firms, or proprietary trading firms, are financial companies that provide capital to traders, enabling them to trade on various financial markets without risking their own money. These firms evaluate traders' skills through simulated trading challenges, and if successful, the traders gain access to the firm's capital. Profits generated are typically shared between the trader and the firm, with the trader keeping a significant portion.
IC Funded is a relatively new proprietary trading firm offering traders the opportunity to earn up to 80% of the profits they generate while the firm covers potential losses. The firm provides access to a wide range of tradable instruments, advanced trading platforms, and leverages up to 1:50. Traders begin by completing a two-phase evaluation process that tests their consistency and risk management skills in real-market simulations, making it an attractive option for both new and experienced traders.
In this review, we, the AFM team, will share insights on the various aspects of IC Funded, including the pros and cons, available trading platforms, and the evaluation process. We will also incorporate feedback from other traders to offer a well-rounded perspective. Whether you're considering joining IC Funded or just exploring options, this review will provide the critical details you need to make an informed decision about whether this prop firm aligns with your trading goals.
What is IC Funded?
IC Funded is a proprietary trading firm that offers traders the opportunity to access substantial capital for trading in global financial markets. The firm stands out by providing a profit split of up to 80% for traders, allowing them to retain the majority of their gains while the company covers any potential losses. To begin trading with IC Funded, traders must pass a two-phase evaluation that tests their consistency and risk management skills in real-market scenarios, making it a firm that prioritizes both trader development and financial safety.
The firm supports trading across over 150 instruments, including forex, cryptocurrencies, and commodities, with leverage up to 1:50. IC Funded’s evaluation process does not impose a time limit, giving traders the flexibility to progress at their own pace, which can be especially appealing to those who prefer a less pressured trading environment. Once the evaluation is completed and approved, traders can start managing a funded account, with bi-weekly profit withdrawals and ongoing support from the firm's dedicated team.
IC Funded Regulation and Safety
IC Funded operates as a proprietary trading firm without direct regulation from major financial authorities. This means that the firm is not overseen by traditional regulatory bodies, which can be a concern for some traders. However, it's important to note that the firm's structure is designed to mitigate risks. IC Funded does not hold client deposits or operate as a broker; instead, they provide a simulated trading environment where traders use virtual funds to demonstrate their trading abilities before managing a funded account. This setup minimizes the financial risk to traders, as all trading activities occur in a controlled environment.
Understanding the regulation and safety of any prop firm is crucial because it affects how your funds and personal information are managed. Although IC Funded is not regulated, the firm emphasizes transparency and strict adherence to their trading rules to ensure a fair trading experience. This lack of traditional regulation might be a point to consider, especially for traders who prioritize regulatory oversight in their trading decisions. After trading with IC Funded, it's clear that while the firm offers many advantages, being aware of the regulatory environment is essential for making informed decisions.
IC Funded Pros and Cons
Pros
- No time limits on evaluations
- Profit split up to 80%
- Access to over 150 trading instruments
- Flexible trading strategies allowed
- Bi-weekly profit withdrawals
- Unlimited free retries if traders fail the challenge
Cons
- Not regulated by major financial authorities
- Initial fee is non-refundable with the first withdraw
- Limited asset selection compared to some firms
Benefits of Trading with IC Funded
Trading with IC Funded comes with several distinct advantages that can significantly enhance your trading experience. One of the key benefits is the flexibility in their evaluation process, where there are no time limits imposed. This allows traders to progress at their own pace without the pressure of a countdown, which can be especially valuable for those who prefer to take a more measured approach to trading. Additionally, the firm offers a profit split of up to 80%, ensuring that successful traders are well-rewarded for their efforts, making it a highly competitive option in the market.
Another major advantage of trading with IC Funded is the wide range of tradable instruments available, which includes over 150 options, giving traders diverse opportunities to explore different markets. The firm also supports various trading strategies such as scalping and hedging, allowing traders to use their preferred methods without restrictions. With bi-weekly profit withdrawals, traders can access their earnings frequently, adding an extra layer of convenience to the overall trading experience. This combination of flexibility, rewards, and accessibility makes IC Funded a strong choice for traders looking to grow their skills and profits.
IC Funded Customer Reviews
Customers generally find IC Funded to be a user-friendly and reliable proprietary trading firm. Many appreciate the ease of managing their trading accounts through the platform’s intuitive client area, which simplifies account management. The firm's customer service is praised for being fast and dependable, helping traders get funded efficiently. However, some users have expressed frustration with payment processing issues, particularly the inability to make payments via Visa cards, which they previously used without problems. The reliance on cryptocurrency for payments is also a concern for those wary of high transaction fees.
IC Funded Fees and Commissions
When trading with IC Funded, one of the standout benefits is their competitive spreads. These spreads are designed to be as tight as possible, which is crucial for those who want to maximize their profits, especially in high-frequency trading. The spreads vary depending on the asset, but overall, they are cost-effective, making it easier to execute trades without incurring significant costs.
In terms of fees and commissions, IC Funded operates with no commissions on trades, which is a major plus for traders looking to keep their costs low. However, it's important to be aware of the non-refundable initial fee that is required when entering their evaluation process. This fee is common among prop firms, but it’s essential to factor it into your overall trading budget. Additionally, IC Funded doesn’t impose hidden fees, which simplifies expense management and allows traders to focus more on strategy rather than worrying about unexpected charges.
Account Types
IC Funded offers a range of account types tailored to different trading levels and goals. Here’s a breakdown of each account type:
- $5,000 Account: This entry-level account requires an initial, non-refundable fee of $49. It’s a good starting point for traders who want to explore prop trading with the option for scaling as you grow.
- $10,000 Account: With an initial fee of $99, this account comes with a profit target of 10% for Phase 1 and 5% for Phase 2. It’s designed for those ready to take on more significant trading challenges.
- $25,000 Account: This account has a higher initial fee of $149, with a total drawdown limit of 10% and a daily drawdown limit of 5%. It’s suited for traders who are comfortable managing larger capital with stricter risk controls.
- $50,000 Account: At this level, the initial fee jumps to $289, and the account offers a scaling limit up to $500,000, making it ideal for traders looking to scale up their trading activities significantly.
- $100,000 Account: For an initial fee of $499, this account type provides no time limits or other restrictions, offering the flexibility to trade at your own pace with substantial capital.
- $250,000 Account: The highest tier, with a $1,249 initial fee, allows traders to achieve an 80% profit share within a month of successful trading, perfect for seasoned traders aiming for maximum returns.
How to Open Your Account
- Visit the official IC Funded website by clicking here.
- Navigate to the “Evaluations” page and scroll through the available options.
- Select the evaluation plan that best matches your trading goals by clicking the “Select” button.
- Register by entering your email address and creating a secure password.
- Complete the registration form by providing your full name, country of residence, address, postal code, phone number, and email.
- Choose your preferred payment method and enter the necessary payment details.
- Agree to the terms and conditions, then click the “Submit” button to finalize your registration.
- Once your payment is confirmed, log in to your account, download MetaTrader 4 or MetaTrader 5, and begin your trading challenge.
IC Funded Customer Support
Based on the team's experience with IC Funded, their customer support is available 24/5, which means help is accessible throughout the trading week. The live chat support is particularly useful for resolving issues quickly, as you can connect with a representative during business hours for real-time assistance. Additionally, they offer email support for more detailed queries, and we've found their responses to be timely and informative.
IC Funded also maintains active profiles on Facebook, X (Twitter), and other social media platforms, providing additional ways to connect with their support team and stay updated on the latest news. While the support isn't available around the clock, the multiple channels offered make it easy to get the help you need during the trading week.
Advantages and Disadvantages of IC Funded Customer Support
Advantages
DisadvantageWithdrawal Options and Fees
After successfully passing the challenge with IC Funded, traders transition to live accounts where they can withdraw their profits at any time. The process is straightforward, with withdrawal requests being submitted through the user account on the IC Funded website. This setup ensures that once you've earned profits, you can access your funds without unnecessary delays.
IC Funded offers several withdrawal options, including bank transfers and online payment systems. While the prop firm does charge withdrawal fees, these are clearly stated at the time of the request. It's important to keep in mind that your chosen payment provider may also impose additional fees, so it's wise to check these details to avoid any surprises.
How Can Asia Forex Mentor Help You Pass IC Funded's Evaluation?
At Asia Forex Mentor, we've dedicated our career to helping traders succeed, and this mission is at the heart of how our program can assist you in passing IC Funded's evaluation process. Ezekiel Chew started Asia Forex Mentor in 2008, in Singapore, initially sharing Chew's trading knowledge with a small group of close friends. This small group quickly expanded into a larger community, and as he refined his teaching methods, the program grew rapidly. Over time, he began conducting live sessions and was even invited by trading companies and banks to train their teams.
To bring this knowledge to a wider audience, he developed the AFM Proprietary One Core Program, a comprehensive course designed to equip traders with the skills needed to succeed in the forex market. The One Core Program is specifically tailored to help traders build a robust trading system, accurately analyze market trends, and manage their trading accounts effectively. With 26 full lessons and over 60 subtopics, all supported by high-quality video content, the program is both beginner-friendly and low-risk.
Our carefully selected examples and detailed interpretations are integrated into every lesson, making it an ideal resource for traders looking to pass challenges like those offered by IC Funded. Whether you’re just starting or looking to refine your skills, this program provides the tools and insights necessary to achieve consistent trading success.
GET EZEKIEL CHEW'S FREE TRAINING NOW
Our Journey at Asia Forex Mentor
Our journey at Asia Forex Mentor has been nothing short of transformative, both for Chew and for the countless traders we've had the privilege to mentor. Over the years, we’ve had the unique opportunity to guide a diverse group of individuals—from novice retail traders to seasoned professionals in banks, trading institutions, and investment firms. It’s been incredibly rewarding to witness many of my students grow from beginners into full-time forex traders, with some even advancing to prestigious roles as fund managers. This evolution is a testament to the comprehensive and hands-on approach we take at Asia Forex Mentor.
In our One Core Program, we’ve distilled the essence of my years of trading experience into a structured, holistic approach to trading. The final chapters of the program are particularly special, as they delve into the often-overlooked aspects of trading, such as bar-by-bar backtesting and the critical psychological factors that can make or break a trader.
We also emphasize the importance of maintaining trading diaries and share the strategies and mindsets that have helped countless traders find success. The program includes innovative tools and concepts like the ‘set-and-forget’ strategy, an exclusive auto stop-loss tool, and a deep dive into the free trade concept, all designed to give traders the edge they need in the market.
For those who are ready to take this journey with me, the One Core Program offers a seven-day free trial and is available for a one-time fee of $997. However, for those eager to get started immediately, we are offering a direct purchase option at a reduced price of $940, allowing them to bypass the trial and dive straight into the learning experience.
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Conclusion: IC Funded Review
IC Funded offers a solid platform for traders looking to access substantial capital, with competitive profit splits and a flexible evaluation process that doesn’t impose time limits. Their wide range of tradable instruments and support for various trading strategies make it an attractive option for both new and experienced traders. However, the lack of regulation and occasional payment processing issues are factors that potential users should consider carefully before committing.
IC Funded provides a strong environment for those serious about prop trading, but it's important to weigh the pros and cons before making a decision. The firm's commitment to offering flexible trading conditions and robust customer support are definite advantages, but being aware of the potential drawbacks, such as non-refundable fees and limited asset selection, can help traders make a more informed choice.
Also Read: Traddoo Review – Expert Trader Insights
IC Funded Review FAQs
What is the profit split offered by IC Funded?
IC Funded offers a profit split starting at 75%, which can increase to up to 80% as you successfully trade on a live account.
Are there any time limits for completing IC Funded's evaluation process?
No, IC Funded does not impose any time limits on completing their evaluation process, allowing traders to progress at their own pace.
What are the withdrawal options available at IC Funded?
Withdrawal options include bank transfers and online payment systems, with any associated fees clearly stated during the withdrawal request process.
OPEN AN ACCOUNT NOW WITH IC FUNDED AND GET YOUR BONUS
