IC Funded
Read across three programmes. The 2-Step Professional drawdown loosens when funded — 8% static in Step 1, 10% static in Step 2 and when funded — the inverse of the usual tightening trap, with no consistency rule. The 1-Step Accelerated carries a 6% static floor and a 45% soft consistency ceiling in evaluation. Instant Funded provides immediate capital with a 5% EOD trailing floor that locks at the initial balance and a 20% consistency rule. It falls on corporate backing: marketed under heavy IC Markets branding ("Backed by IC"), but contracted under IC Funded Evaluations Ltd (Saint Lucia), explicitly disclaiming broker status and operating demo-only accounts.
Three distinct programmes with independent rule sets. Payouts process via RISE on 14-calendar-day cycles following 5 profitable days of at least 0.5% net gain (3 profitable days for the second payout, and no profitable-day hurdle from the third onwards). Stop-loss is not mandatory across any product, and weekend holding is strictly prohibited under Flatten Friday. News trading is allowed in evaluation but restricted (banned) ±3 minutes on funded accounts (±10 minutes flat on Instant Funded). The entity you contract with is IC Funded Evaluations Ltd in Saint Lucia (reg. 2024-00388), distributed via Cyprus-incorporated IC Funded Tech Solutions Ltd (HE 464324), replacing the former Finocom Hong Kong structure.
Not enough published data to simulate this firm’s floor.
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
Scorecard
10Trails on daily closes only, then freezes at your starting balance
No entity named, or the licence belongs to someone else
Workable, but a cap or a waiting period bites
Two official channels disagree on a number that matters
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Plan by plan
3 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
Static drawdown: 8% in Step 1, loosening to 10% in Step 2 and the funded stage, with 4% and 5% EOD daily limits. No consistency rule.
Static 6% drawdown anchored to initial balance across evaluation and funded stages, with a 3% EOD daily limit and a 45% soft consistency ceiling during evaluation.
Direct funded access without evaluation, with a 5% EOD trailing drawdown locking permanently at the starting balance, 3% daily loss, 20% consistency rule on payouts, and 1.5% maximum risk per trade idea.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
3/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
3/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
1/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“What is the 2-Step Professional programme? − The 2-Step Professional programme is a two-phase evaluation. Step 1 has a 10% profit target, 4% daily drawdown and 8% maximum drawdown. Step 2 has a 5% profit target, 5% daily drawdown and 10% maximum drawdown.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.no change3/3
“Is there a time limit to complete the challenge? No, IC Funded challenges do not have a maximum time limit .”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 daysno change2/2
“How many trading days are required during evaluation? − Step 1 requires 3 active trading days and Step 2 requires 3 active trading days. These are active-day requirements for the evaluation phases and are different from the profitable-day requirements that apply to funded payout eligibility.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Do I have to pay again if I fail the challenge? Yes. If the evaluation account breaches the trading rules, the challenge ends and traders may choose to purchase a new evaluation account to try again .”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%5%—
“What is the 2-Step Professional programme? − The 2-Step Professional programme is a two-phase evaluation. Step 1 has a 10% profit target, 4% daily drawdown and 8% maximum drawdown. Step 2 has a 5% profit target, 5% daily drawdown and 10% maximum drawdown.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeno change3/3
“Even if the account grows above its applicable starting balance, the Maximum Drawdown threshold remains fixed and does not trail upward. For example, if a $100,000 Step 1 account grows to $108,000, the Maximum Drawdown threshold remains $92,000 .”“Likewise, if a $100,000 Step 2 or simulated funded account grows to $110,000, the Maximum Drawdown threshold remains $90,000 .”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno changeno change1/2
“Maximum Drawdown is calculated using equity, not balance . Floating losses from open positions are included in real time. This means an open position can cause a Maximum Drawdown breach before the trade is closed.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit4%, measured on the day's closing figure5%, measured on the day's closing figureno change2/2
“How is the 4% Step 1 daily drawdown calculated? − Step 1 uses a 4% daily drawdown based on the applicable end-of-day equity reference. On a $100,000 reference, the daily allowance is $4,000. Both realised and floating losses can contribute to a breach when account equity falls below the permitted threshold.”“How is the 5% Step 2 daily drawdown calculated? − Step 2 uses a 5% daily drawdown based on the applicable end-of-day equity reference. On a $100,000 reference, the daily allowance is $5,000. Floating losses count, so an open position can cause a breach before it is closed.”“What drawdown limits apply on the 2-Step funded stage? − The current 2-Step Professional rules show a 5% daily drawdown and a 10% maximum drawdown on the simulated funded stage. The account must remain within both limits at all times.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed8%10%no change1/1
“Step 1: 8% Maximum Drawdown”“Step 2: 10% Maximum Drawdown”“Simulated Funded Stage: 10% Maximum Drawdown”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“Even if the account grows above its applicable starting balance, the Maximum Drawdown threshold remains fixed and does not trail upward. For example, if a $100,000 Step 1 account grows to $108,000, the Maximum Drawdown threshold remains $92,000 .”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“What is required for the second payout? − The second payout requires a new minimum 14-calendar-day cycle and at least 3 profitable days. Each profitable day must satisfy the applicable profitable-day definition.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.no changeno change3/3
“How does the 45% consistency rule work? − The 45% consistency rule applies only during the 1-Step evaluation.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“IC Funded reserves the right to investigate trading activity and deny payouts if the activity is determined to violate the rules, the intended purpose of the evaluation program, or fair-use standards.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“When can I request the first payout? − The first payout becomes eligible only after both conditions are satisfied: at least 14 calendar days have elapsed and at least 5 profitable days have been completed. Reaching 5 profitable days before day 14 does not create early eligibility.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Profit required before the first requestThey state there is none.1/1
“03 Profit target No target”How much you have to make before you can touch anything.
Fee charged to pay youThey state there is none.1/1
“Do I need to pay any withdrawal fees? IC Funded does not charge additional withdrawal fees for payouts.”What they charge you to pay you.
Does that cap rise with the account
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no changenews trading is banned outright—
“News trading is allowed during Step 1 and Step 2.”“This means traders cannot open or close trades within 3 minutes before or 3 minutes after a high-impact economic news announcement.”Mandatory stop-lossThey state there is none.no changeno change—
“Is a stop-loss mandatory? − No. A stop-loss order is not mandatory under the current 2-Step Professional rules. Traders remain responsible for managing risk and keeping all realised and floating losses within the applicable drawdown limits.”Forced close before the weekendnothing may stay open over the weekendno changeno change—
“Can I hold positions over the weekend? − No. Weekend holding is not permitted. All open positions must be closed before the applicable Friday market close under the Flatten Friday requirement.”Leverage1:50 → 1:2by instrument
no changeno change—
by instrument
“Leverage at IC Funded varies depending on the program and asset class: Forex Majors: Up to 1:50 on the 2 Step Program Up to 1:30 on the 1 Step Program Indices: Up to 1:20 Commodities Up to 1:20 Crypto: Up to 1:2 Leverage remains consistent between the evaluation and funded stages.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.70.80/8
“What is the 1-Step Accelerated programme? − The 1-Step Accelerated programme is a single-phase evaluation. The evaluation has a 10% profit target, 3% daily drawdown and 6% maximum drawdown. After the evaluation and applicable review are completed, the trader may progress to the simulated funded stage.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“Is there a time limit to complete the challenge? No, IC Funded challenges do not have a maximum time limit .”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 days2/2
“How many trading days are required during evaluation? − The 1-Step Accelerated evaluation requires 3 active trading days. This is an active-day requirement and is separate from the profitable-day requirements that apply later to funded payout eligibility.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Do I have to pay again if I fail the challenge? Yes. If the evaluation account breaches the trading rules, the challenge ends and traders may choose to purchase a new evaluation account to try again .”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%—
“What is the 1-Step Accelerated programme? − The 1-Step Accelerated programme is a single-phase evaluation. The evaluation has a 10% profit target, 3% daily drawdown and 6% maximum drawdown. After the evaluation and applicable review are completed, the trader may progress to the simulated funded stage.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“All 1-Step Accelerated accounts have a fixed 6% Maximum Drawdown during both the evaluation and simulated funded stages.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“Maximum Drawdown is calculated using equity, not balance . Floating losses from open positions are included in real time. This means an open position can cause a Maximum Drawdown breach before the trade is closed.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limit3%, measured on the day's closing figureno change1/2
“How is the 3% daily drawdown calculated? − The current 1-Step Accelerated rules apply a 3% daily drawdown during both the evaluation and simulated funded stages. The calculation uses the applicable end-of-day equity reference, and both floating and realised losses can contribute to a breach.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed6%no change0.50/1
“All 1-Step Accelerated accounts have a fixed 6% Maximum Drawdown during both the evaluation and simulated funded stages.”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“Even if the account grows above its initial balance, the Maximum Drawdown threshold remains fixed at $94,000 and does not trail upward. For example, if the account grows from $100,000 to $108,000, the Maximum Drawdown threshold remains $94,000 .”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“What is required for the second payout? − The second payout requires a new minimum 14-calendar-day cycle and at least 3 profitable days.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutThey state there is none.3/3
“If a single trading day exceeds this 45% threshold, the excess portion will be added to the overall profit target. This means that the account will not fail, but additional profit will need to be generated through subsequent trading days to meet the adjusted target.”“The rule applies only to the 1-Step Accelerated Program and does not apply to the 2-Step Professional Program or the Funded stage.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“IC Funded reserves the right to investigate trading activity and deny payouts if the activity is determined to violate the rules, the intended purpose of the evaluation program, or fair-use standards.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“When can I request the first payout? − The first payout requires at least 14 calendar days and 5 profitable days. Both conditions must be satisfied before the payout becomes eligible.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Profit required before the first requestThey state there is none.1/1
“03 Profit target No target”How much you have to make before you can touch anything.
Fee charged to pay youThey state there is none.1/1
“Do I need to pay any withdrawal fees? IC Funded does not charge additional withdrawal fees for payouts.”What they charge you to pay you.
Does that cap rise with the account
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.news trading is banned outright—
“Can I trade during high-impact news events? − News trading is allowed during the evaluation stage. On the simulated funded stage, opening or closing affected positions is restricted within the three-minute window before and after the applicable high-impact event.”“This means traders cannot open or close trades within 3 minutes before or 3 minutes after a high-impact economic news announcement.”Mandatory stop-lossThey state there is none.no change—
“Is a stop-loss mandatory? − No. A stop-loss order is not mandatory under the current 1-Step Accelerated rules. Traders remain responsible for managing risk and keeping all realised and floating losses within the applicable drawdown limits.”Forced close before the weekendnothing may stay open over the weekendno change—
“Can I hold positions over the weekend? − No. Weekend holding is not permitted. All open positions must be closed before the applicable Friday market close under the Flatten Friday requirement.”Leverage1:30 → 1:2by instrument
no change—
by instrument
“What leverage applies to 1-Step Accelerated? − Maximum leverage is up to 1:30 on Forex, up to 1:20 on indices, metals and energies, and up to 1:2 on cryptocurrencies. Leverage does not change the applicable drawdown limits.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finishNo such thing in this plan.—
“Does Instant Funded have an evaluation phase? − No. Instant Funded starts directly in the simulated funded stage. The funded risk, conduct, trading-condition and payout rules therefore apply from the start.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inNo such thing in this plan.—
“Does Instant Funded have an evaluation phase? − No. Instant Funded starts directly in the simulated funded stage. The funded risk, conduct, trading-condition and payout rules therefore apply from the start.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“Does Instant Funded have an evaluation phase? − No. Instant Funded starts directly in the simulated funded stage. The funded risk, conduct, trading-condition and payout rules therefore apply from the start.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“Is there a profit target? − No. Instant Funded does not require an evaluation profit target. Performance is governed by the programme's risk framework and payout eligibility requirements.”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balance1.65/3
“How does the 5% maximum drawdown work? − Max drawdown for Instant Funded accounts is calculated at 5% from the highest recorded End-of-Day (EOD) equity. The max drawdown floor can only move upwards and locks once it reaches the level of the initial account balance.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingat your starting balance3/3
“The max drawdown floor can only move upwards and locks once it reaches the level of the initial account balance.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades included1/2
“What is Instant Funded? − Instant Funded provides immediate access to a simulated funded account without completing a traditional evaluation phase. There is no evaluation profit target, but the account is subject to max and daily drawdown thresholds as well as risk per trading idea and margin exposure thresholds, which all act as hard breach rules.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was, down to the balance the account opened with2/2
“The max drawdown floor can only move upwards and locks once it reaches the level of the initial account balance.”Taking your money out should not leave you closer to losing the account.
Daily limit3%, measured on the day's closing figure1/2
“How is the 3% daily drawdown calculated? − Daily drawdown for Instant Funded accounts is calculated at 3% below the previous End-of-Day (EOD) equity. The daily drawdown floor can move either way relative to the previous daily drawdown floor level.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed5%0.25/1
“5% Max drawdown · HIGHEST EOD EQUITY”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“What is required for the second payout? − The second payout requires a new minimum 14-calendar-day cycle and at least 3 profitable days. Reaching 3 profitable days before the 14-day cycle is complete does not create early eligibility.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“How does the 20% consistency rule affect a payout? − Payout eligibility remains subject to the 20% consistency rule. No single profitable trading day should account for more than 20% of total eligible profits. For example, a $1,200 best profitable day requires at least $6,000 in total eligible profit.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“IC Funded reserves the right to investigate trading activity and deny payouts if the activity is determined to violate the rules, the intended purpose of the evaluation program, or fair-use standards.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“When can I request the first payout? − The first payout requires both a minimum of 14 calendar days and at least 5 profitable days. A profitable day must close with a profit of at least 0.5% of the initial account balance.”How long your money is theirs.
Most one withdrawal can pay youThey do not say.0/2
we read the page that should answer this and it does not
$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Profit required before the first requestThey state there is none.1/1
“No target Profit target”How much you have to make before you can touch anything.
Fee charged to pay youThey state there is none.1/1
“Do I need to pay any withdrawal fees? IC Funded does not charge additional withdrawal fees for payouts.”What they charge you to pay you.
Does that cap rise with the account
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through it—
“Can I trade during high-impact news events? − Trading during high-impact news events is restricted on Instant Funded accounts. Open positions must be flattened 10 minutes prior to the event, and trading is restricted starting from 10 minutes before until 10 minutes after the event.”Mandatory stop-lossThey state there is none.—
“Mandatory stop-loss i Mandatory stop-loss A stop-loss order is not mandatory. Traders remain responsible for managing risk and complying with all applicable drawdown limits.”Forced close before the weekendnothing may stay open over the weekend—
“Can I hold positions over the weekend? − No. Weekend holding is prohibited on Instant Funded. All positions must be closed before the applicable weekend market close.”Leverage1:30 → 1:1by instrument
—
by instrument
“Instrument leverage Leverage FX 1:30 Indices / Commodities 1:10 Crypto 1:1”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“1.1 These Terms and Conditions (“Terms” or “Agreement”) govern your rights and obligations when using services provided by IC Funded (“ICF”, “Company”, “we”, “us”).”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“22. Changes to Terms The Company may update these Terms at any time. Continued use constitutes acceptance.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
who stands behind the account · costs credibility
“Backed by IC Institutional credibility”“IC Funded does not operate as a broker, does not provide brokerage services, does not accept deposits, and does not offer investment management services.”the drawdown rule · costs money
“02 MOST POPULAR 2-Step Professional A balanced two-phase evaluation offering greater drawdown flexibility and professional progression. Phase 1 target 10% Phase 2 target 5% Maximum drawdown 10% Daily drawdown 5%”“What is the 2-Step Professional programme? − The 2-Step Professional programme is a two-phase evaluation. Step 1 has a 10% profit target, 4% daily drawdown and 8% maximum drawdown. Step 2 has a 5% profit target, 5% daily drawdown and 10% maximum drawdown.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withIC Funded Evaluations LtdThey do not say.0/4
“This website is owned and operated by IC Funded Evaluations Ltd, a company incorporated in Saint Lucia under registration number 2024-00388, with registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.”we read the page that should answer this and it does not
With no named company there is nobody to sue.
Where it is registeredSaint LuciaThey do not say.0/2
“23. Governing Law These Terms are governed by the laws of Saint Lucia.”we read the page that should answer this and it does not
A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration number2024-00388They do not say.0/2
“This website is owned and operated by IC Funded Evaluations Ltd, a company incorporated in Saint Lucia under registration number 2024-00388, with registered address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.”we read the page that should answer this and it does not
What turns a name into something checkable in a public register.
That company owns the brandThey do not say.0/2
we read the page that should answer this and it does not
Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedThey do not say.0/2
we read the page that should answer this and it does not
Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“IC Funded provides services exclusively in a simulated trading environment using virtual funds. Any accounts provided to users are demo accounts only and do not involve real-market execution, real capital, or the custody of client funds.”The question that separates a firm that earns when you lose from one that earns when you last.
The broker or clearer namedIC Markets3/3
“In partnership with IC Markets, one of the most trusted names in the industry, we offer innovative solutions for traders looking to maximize their potential.”Almost nobody names one, because almost no account reaches a market. It adds when present.
Conditions to reach a real marketNo such thing in this plan.—
“IC Funded provides services exclusively in a simulated trading environment using virtual funds. Any accounts provided to users are demo accounts only and do not involve real-market execution, real capital, or the custody of client funds.”Promising a route to a real market without publishing the conditions is promising nothing.
We read the rules of every plan it sells and issued a verdict on each one.