Is IC Funded regulated?

No — not as a licensed broker. Evaluation/prop programme of IC Markets, operating outside the licensed-activity perimeter as a simulated-evaluation provider. The firm states "demo accounts only". Regulatory comfort derives from the backing broker, not from any licence held by the programme itself.

Is my money safe with IC Funded?

IC Funded is an evaluation provider: trading is on simulated capital, and a challenge fee is not a deposit held in a segregated client account. No investor-compensation scheme stands behind it, and a payout is a contractual obligation of the firm rather than a regulated client-money entitlement.

Does IC Funded offer a demo account?

Yes, IC Funded offers a free demo account with virtual funds so you can practice trading strategies before committing real capital.

Can I trade on mobile with IC Funded?

Yes, IC Funded offers a fully functional mobile trading app for iOS and Android devices.

How long do IC Funded withdrawals take?

IC Funded typically processes withdrawals within 24 hours, with funds reaching your account in 1–3 business days depending on the payment method.

Home/Brokers/IC Funded Review

Verified 2026

IC Funded Review

Name: IC Funded
Brand: IC Funded
Rating: 2.9 (1250 reviews)

Best For: Broker-Backed Prop Funding

Unregulated (Prop Firm)

Written By

ForexRater Research Team

Data-driven broker comparison · Independently tested · No paid rankings

Reviewed against our published methodology →

Reviews represent the editorial opinion of ForexRater and are not personal financial advice.

Last Updated: September 2026

2.9

Overall Score

Editorial base 4.4 − regulatory adjustment 1.5 = 2.9

Who is behind this programme

IC Funded is backed by IC Markets

The entity behind it is International Capital Markets Pty Ltd and affiliates. That broker holds licences from ASIC, CySEC, SCB — covering its own brokerage clients, not this evaluation programme.

Read our IC Markets review →

Verified primary, 2026-09-18

2.9

Prop firm score

0–5 on prop-specific criteria, not comparable to a broker rating

Broker parent

80% of 1.25

Payout reliability

not scored

Track record

0% of 1.25

Programme transparency

100% of 1

· Backing broker IC Markets verified (International Capital Markets Pty Ltd and affiliates); 2 top-tier regulator(s).
· Payout reliability not scored: no retrievable rating or payout reporting on record.

Programme terms

Read from IC Funded’s own pages on 2026-09-18. Source

Capital model

Simulated capitalThe firm states "demo accounts only" and describes a "simulated trading environment using virtual funds".

Evaluation

2-step

Challenge fee

$5,000 — $74 (2-Step) · $5,000 — $154 (1-Step)

Max funding

$500,000

Scaling

Scalable progression on the 2-Step Professional programme.

Profit split

80%, up to 90% with add-ons

Profit targets

Phase 1 (2-Step): 10% · Phase 2 (2-Step): 5% · 1-Step: 10%

Daily drawdown

4% (2-Step Phase 1), 5% (Phase 2), 3% (1-Step)

Max drawdown

8% (2-Step Phase 1), 10% (Phase 2), 6% (1-Step)Instant Funded uses a 5% end-of-day limit.

Time limit

None stated; 3 active trading days required in evaluation

Consistency rule

20% on Instant Funded

Prohibited

Weekend holding · News trading within ±3 min (Instant Funded)

Platforms

MT4 · MT5 · cTrader

Instruments

Forex · Indices · Metals · Energies · Crypto

Payouts

Bi-weekly5 profitable days required before the first payout. Challenge fee refunded after the third payout.

Audit Scorecard

Safety & Regulation4.4 / 5.0

Costs & Fees4.5 / 5.0

Platform & Tools4.4 / 5.0

Customer Support4.5 / 5.0

Education & Research4.6 / 5.0

Our Verdict

IC Funded is assessed here on its published programme terms, costs, platform range and account rules — not on licences, because it holds none of its own. There is no regulator register to check and no client-money protection behind a challenge fee; the safeguards that apply to a licensed broker do not apply here.

IC Funded advertises execution of Not measured and offers MT4. That execution figure is the broker's own published claim, not a speed we have measured — real fills vary with account type, session liquidity and news conditions.

Regulation

Tier-1 Secured

Speed

Not measured

2.9/ 5.0

Highly Recommended

Based on 300+ data points

Pros & Cons

The Good

Backed by IC Markets (ASIC, CySEC)
Challenge fee refunded after third payout
Published rules with per-phase figures

The Bad

Simulated capital, not a funded brokerage account
No weekend holding

Live Newsroom & Updates

No recent updates found.

Quick Stats

Min Deposit$74

Max Leverage1:50

Min SpreadParent broker pricing

Exec SpeedNot measured

Avg SlippageNot measured

Deposit FeeN/A (challenge fee)

Withdrawal FeeSee payout terms

PlatformsMT4, MT5, cTrader

RegulationUnregulated (Prop Firm)

Visit IC Funded →

74-89% of retail traders lose money

Also Consider

4.8

4.8

Risk Warning

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.