In this article, I will discuss IC Markets Prop Firm, also known as IC Funded. This platform allows skilled traders to access real trading capital without risking their own money.
By completing evaluation challenges and following strict risk management rules, traders can earn a significant share of profits. IC Markets Prop Firm offers flexible accounts, multiple trading platforms, and a professional environment for consistent growth.
What is IC Markets Prop Firm?
IC Markets Prop Firm, or IC Funded, offers a proprietary trading program through which outstanding traders may obtain funds to trade with through a rigorous evaluation process, which exposes neither the trader nor the firm to undue risk.
The firm offers traders the opportunity to demonstrate their risk management and profitability skills through evaluation contests. Successful candidates are awarded a funded trading account with the ability to earn up to eighty percent of the profits generated.
IC Funded maintains a professional environment with low barriers to entry, enabling traders to refine their skills and earn consistently. The firm offers wide-ranging trading instruments, different account sizes, and supports MT4, MT5, and cTrader.
IC Funded – Basic Information
| Feature | Details |
|---|---|
| Evaluation Models | 1-Phase and 2-Phase Challenges |
| Account Sizes | $5,000, $10,000, $25,000, $50,000, $100,000, $250,000, $500,000 |
| Profit Target | 10% (Phase 1), 5% (Phase 2) |
| Maximum Drawdown | 10% (Overall), 5% (Daily) |
| Leverage | Up to 1:50 (varies by instrument) |
| Profit Split | 75/25 (initial), 80/20 (after first payout) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Tradable Instruments | Forex, Indices, Commodities, Equities |
| Evaluation Fees | $49 – $2,498 (depending on account size) |
| Minimum Trading Days | 5 days |
| KYC Requirement | Mandatory upon passing evaluation |
| Refund Policy | Challenge fee refunded after first profit share payout |
| Automated Trading | Allowed (with restrictions on copy trading and EA ownership) |
| News Trading | Permitted |
| Scaling Plan | Available up to $500,000 |
How Does The Ic Markets Prop Work?
IC Markets Prop Firm, also referred to as IC Funded, grants traders access to genuine trading capital without requiring any financial investment on their part. The initial step involves registration wherein traders choose evaluation accounts corresponding to their preferred capital amount and trading style.
They then progress to an evaluation phase which may either be a 1 phase or 2 phase process requiring traders to meet defined profit benchmarks within a set timeline while adhering to stringent risk management rules like maximum allowable drawdown, and daily loss and maximum loss limits.
Funded accounts are awarded to traders who successfully meet the evaluation requirements and now they are able to trade real capital. The profit-sharing model allows traders to retain as much as 80% of the profits made. IC Markets Prop Firm provides educational, technical, and professional development support and offers trading on MT4, MT5, and Ctrader.
Trading Conditions
Profit Split: Up to 80% of the profits generated are retained by the trader.
Leverage: Up to 1:50, providing flexibility in trade sizing
Minimum Trading Lot Size: 0.01, accommodating various trading strategies.
Tradable Instruments: Over 150, including forex pairs, indices, commodities, and equities.
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, ensuring compatibility with popular trading tools.
Features
Structured Evaluation Models
- 1-Phase Evaluation: Meet the 10% profit target with not more than 5% daily drawdown.
- 2-Phase Evaluation: Adds an extra 5% profit target in the second stage with 10% maximum drawdown.
Competitive Profit Sharing
- Traders receive profit share up to 80% with profit share settlements every 14 days.
Trading Conditions Are More Convenient
- Leverage: Up to 1:50 depending on the instrument.
- Minimum Trading Lot Size: 0.01.
- Tradable Instruments: More than 150 instruments including forex pairs, indices, commodities, and equities.
- Trading Platforms: MT4, MT5, and cTrader.
Lower Evaluation Fees
- Prices of evaluation accounts ranges between \$29.75 to \$2,498 based on the account size and evaluation model.
Advanced and Intuitive Trading Dashboard
- Trading dashboards enhance the experience with data in real time, low latency, and offer a high degree of layout and analytic customization.
Complete Support and Education
Offers educational resources to aid traders in honing their skills and improving their tactics. Support through email and live chat 24/5.
Pros And Cons
| Pros | Cons |
|---|---|
| High Profit Split: Traders can earn up to 80% of profits. | Evaluation Fees: Initial costs range from $29.75 to $2,498, which may be steep for some. |
| Flexible Evaluation: Offers both 1-phase and 2-phase evaluations. | Strict Trading Rules: Imposes a 10% maximum drawdown and 10% profit target during evaluations. |
| No Time Limits: Traders can take unlimited time to pass evaluations. | Limited Asset Classes: Primarily focuses on forex and CFDs; other asset classes may be limited. |
| Access to Firm Capital: Trade with the firm’s capital, reducing personal financial risk. | Profit Sharing: A portion of profits is retained by the firm. |
| Scalable Accounts: Potential to scale up to $500,000 in funding. | Performance Pressure: Continuous performance metrics to maintain funding. |
Conclsuion
In conclusion, IC Markets Prop Firm, or Funded, provides traders with an opportunity to manage real capital without risking personal funds. They provide an evaluation process with an 80% profit split, access to MT4, MT5, and cTrader, and offer a fully-fledged trading environment.
It is a fine trading platform for those who are disciplined, as there are evaluation fees and strict rules governed, but in return there is tangible opportunity to grow and profit.
FAQ
Complete a 1-phase or 2-phase evaluation by hitting profit targets while following risk rules.
Over 150, including forex, indices, commodities, and equities.
IC Markets is regulated, but funded accounts operate in a demo-like structure.