IC Funded Review 2027Core Trading Conditions and Fees

IC Funded review 2027: raw-spread conditions with a short track record

IC Funded is a prop firm that runs its challenges on trading infrastructure from the broker IC Markets. That association is the reason most traders first look at it, since IC Markets is one of the largest and best-known brokers for low spreads. The prop firm is a newer business with its own legal entity, registered offshore. It offers one-step, two-step and instant accounts on cTrader and MetaTrader 5. This review covers what is known for 2027.

The relationship with the broker

IC Funded describes itself as operating on IC Markets infrastructure. Traders therefore see the broker's pricing and execution conditions in their challenge accounts. The prop firm is not the regulated broker, and its accounts are simulated. Independent listings place its company in Saint Lucia, with operations linked to Hong Kong. Anyone who assumes that the broker's licences cover the prop programme is mistaken.

Programmes

The firm lists sixteen plans across three routes. The one-step evaluation is the faster path. The two-step evaluation has a 10% target in the first phase and a 10% maximum drawdown. Instant Funded accounts skip the evaluation. Account sizes go up to $200,000 on a single account, with a total allocation of $500,000. There is no time limit on evaluations. Prices start at about $50, with promotions below that.

Profit split

The published split is 80%. Some reports state that newly funded traders begin at 75% and move to 80% after a month of compliant trading. Payouts are bi-weekly. The challenge fee is refunded after the third payout, later than at firms that refund with the first.

Trading conditions

This is the firm's strength. Spreads are raw with a commission, in line with the broker's accounts, and execution is fast. Leverage is up to 1:50, which is conservative. More than 150 instruments are available, covering forex, indices, metals, energies and crypto CFDs.

Platforms

cTrader and MetaTrader 5 are supported. Both are well suited to active trading.

Rules

Overnight holding and expert advisors are allowed. A consistency rule applies, a stop-loss is mandatory, and limits on margin exposure are enforced. News trading is restricted. Accounts are closed after a period of inactivity. The firm also monitors the number of order requests, and accounts that send excessive modifications can receive a warning. Several reviewers describe account terminations that traders considered unclear, so the prohibited-practices section merits close reading.

Reputation

The review base is small and mixed to positive. Praise focuses on spreads and execution. Concerns focus on payout questions that remain open and on the limited history. Independent trust scores are middling, and some comparison sites note that the firm has not responded to reported issues.

How to approach it

With a young firm, the sensible approach is to start with a small account, reach a first payout and see how the process works before committing more. Withdraw profits when they are available. This applies to any newer firm, and especially to one where the fee refund comes late.

Pros and cons

• Conditions: raw spreads and fast execution.
• Platforms: cTrader and MT5.
• No time limit: on evaluations.
• Instruments: more than 150.
• Track record: short, with few reviews.
• Fee refund: only after the third payout.

Who is IC Funded for?

IC Funded suits scalpers and intraday traders who care most about spread and execution and who accept the uncertainty of a newer firm. Traders who put payment history first should choose an older name.

Verdict

IC Funded offers excellent trading conditions and has yet to build a long payout record. For 2027 it is a reasonable option at small size. Keep expectations about the broker connection accurate.

IC Funded review: compare the alternatives

This IC Funded review is part of our Top 40 Prop Trading Firms in 2027 ranking. To compare, read the FunderPro review and the Hantec Trader review.