Introduction
IC Funded is a proprietary trading firm backed by the infrastructure of IC Markets and headquartered in Hong Kong. It offers a two-phase evaluation program that enables traders to manage up to half a million US dollars in real market conditions via funded accounts. This review details the program structure, fees, trading conditions, account rules, payout policies, support system, and comparisons with other prop firms based on independently verified sources.
Company and Legal Context
Operating under Finocom Services Ltd, which was founded in 2023 in Hong Kong, IC Funded is designed to provide simulated trading evaluations that mirror live market execution. Clients do not trade on personal capital during the evaluation phases; once the funding conditions are met, a funded account is granted. The firm partners with IC Markets for actual market connectivity, utilizing IC Markets’ execution servers, platforms, and liquidity channels.
Evaluation Program Structure
Two-Phase Evaluation
- Phase 1
- Profit target: 10%
- Minimum profitable trading days: 5
- Daily drawdown limit: 5% (based on previous day’s closing balance)
- Total drawdown limit: 10% (based on initial account size)
- Phase 2
- Profit target: 5%
- Same minimum trading days, daily, and total drawdown rules as Phase 1
No time limits are imposed on either phase, allowing traders unlimited days to complete the requirements.
Account Tiers and Fees
Evaluation options span from $5,000 to $500,000 funded accounts. Entry fees are structured as follows:
| Funded Account Size | Evaluation Fee |
|---|---|
| $5,000 | $49 |
| $10,000 | $99 |
| $25,000 | $149 |
| $50,000 | $289 |
| $100,000 | $499 |
| $250,000 | $1,249 |
| $500,000 | $2,498 |
Evaluation fees are refunded with the first profit withdrawal after passing Phase 2.
Trading Conditions
- Leverage
- Forex and gold: up to 50:1
- Indices and commodities: up to 10:1
- Equities: up to 5:1
- Tradable Instruments
Access to more than 150 instruments, including forex pairs (major, minor, and exotic), selected commodities, indices, and equities—supported by IC Markets infrastructure. - Platform Access
Traders can use MetaTrader 4, MetaTrader 5, and cTrader through IC Markets servers, benefiting from live pricing, low latency, and reliable order execution.
Risk Management and Account Rules
- Drawdown Controls
Daily drawdown is limited to 5% based on the prior day’s close; total drawdown across the evaluation is capped at 10%. - Trading Activity Requirements
At least five profitable days are required across both phases, though total trading days are not limited. - Restricted Strategies
Prohibitions include exploitative arbitrage, external copy trading, server abuse, and platform spamming. - Expert Advisors
Automated trading is permitted if the code is owned by the trader and doesn’t engage in prohibited behavior. - Consistency Mandates
Dramatic trade size shifts are discouraged; consistency in risk management is required. - Account Inactivity
Inactive accounts for over 30 days are subject to deactivation.
Upon passing Phase 2, funded accounts carry no profit target; risk rules still apply.
Profit Sharing and Payout Policies
- Profit Split
- Initial funded stage: 75% of profits go to the trader
- After one funded month (30 days), split increases to 80%
- Withdrawal Terms
- Payout requests available approximately every 14 days
- Initial profit withdrawal must occur at least 30 days after milestone completion and includes a refund of evaluation fees
- Payment Methods
Withdrawals are processed via bank wire transfers and cryptocurrency (e.g., USDT via TRC20). No withdrawal fees are imposed.
Additional Program Features
- Educational Content
Subscribers receive webinars, market insights, strategy guides, and instructional materials free of additional cost. - Customer Support and Community Resources
Support is available 24/5 through live chat and ticketing systems. A community portal enables peer interaction and shared learning. - Discounts and Incentives
Periodic discounts on evaluation fees are occasionally offered. An affiliate program allows earning up to 15% commissions for referrals under structured guidelines.
Strengths and Limitations
Strengths
- Unlimited Evaluation Time
Traders can complete evaluation phases at their own pace without time pressure. - High Profit Share Potential
A scalable model offering up to 80% profit retention. - Quality Execution Infrastructure
Backed by IC Markets’ professional-grade platforms and market access. - Competitive Fees with Refund Opportunity
Reasonably priced tiers with full fee reimbursement after the first payout.
Limitations
- Strict Risk Controls
Drawdown caps and minimum profitable days may challenge less disciplined traders. - Moderate Asset Selection
While diverse, tradable instrument range is smaller than some larger prop firms with thousands of offerings. - Geographic Exclusions
Residents of several countries, including the USA, Canada, Australia, and others, are ineligible to participate. - KYC and Withdrawal Delays
Some participants report friction in identity verification and payout timing.
Comparison with Peer Firms
While some competitors provide single-phase evaluations or time-limited challenges, IC Funded distinguishes itself through its dual-phase structure and no time limit. The profit-sharing starting at 75% and escalating to 80% is competitive compared to the 50–70% typical of some other firms. Maximum funding of $500,000 places it above entry-level competitors like Leeloo but slightly below firms offering over $1 million in capital. Its infrastructure partnership with IC Markets ensures reliable execution, positioning it favorably versus firms operating on less flexible setups.
Operational and Technological Foundation
Evaluations and funded trading take place on IC Markets demonstration servers, ensuring the live market conditions traders experience are consistent with execution quality and market depth. While not holding client funds, IC Funded processes payments through secure third-party gateways including Visa, MasterCard, PayPal, Coinify, and crypto channels. With official address registration in Hong Kong, Finocom Services Ltd maintains local incorporation credentials and does not serve clients from excluded jurisdictions.
Summary
IC Funded delivers a structured, flexible, and technologically sound pathway for proficient traders seeking access to sizable capital. Its dual-phase evaluation with no time constraints, performance-based payout model, and sound trading environment reflect a transparent and well-organized program. Conservative traders may find its risk rules demanding, but experienced traders can effectively navigate them. Limitations include a moderate instrument range and occasional community-reported delays in administrative processes.
Overall, IC Funded represents a viable option for traders who prioritize consistent performance, technology reliability, and strategic scalability, backed by a firm with credible partnerships and an emerging track record in the proprietary trading sphere.
Key Facts at a Glance
- Finocom Services Ltd (Hong Kong-based, founded 2023) offers IC Funded.
- Evaluation structure: two phases with profit targets of 10% and 5% and drawdown limits of 5% daily, 10% total.
- Fee tiers range from $49 to $2,498 depending on account size ($5k to $500k), refundable after first withdrawal.
- Funding leverage up to 50:1 on forex/gold, 10:1 on indices, 5:1 on equities.
- Platforms: MetaTrader 4, MetaTrader 5, cTrader via IC Markets execution.
- Profit sharing begins at 75%, increasing to 80% after one funded month.
- Withdrawals every 14 days; initial pull only after 30 days; methods include wire and crypto.
- Excluded countries include the USA, Canada, Australia, etc.
- Offers educational materials, active community, and responsive support.
- Strengths: flexible timelines, high payout percentage, strong infrastructure.
- Considerations: tight risk enforcement, asset selection moderate, administrative processes variable.
