Prop firm offering 2-Step, 1-Step and no-evaluation Instant Funded programmes on simulated accounts
Checked 8 October 2026
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IC Funded sells prop-trading evaluations through three programmes: the 2-Step Professional challenge, the 1-Step Accelerated challenge and Instant Funded, which has no evaluation. The firm says all trading, in both the evaluation and funded stages, takes place on demo accounts in a simulated environment.
The firm states a standard funded profit share of 80%. On the 1-Step and 2-Step programmes, selected add-ons can raise it to up to 90%. Instant Funded shows an 80% split. Payouts can be requested every 14 days, and for 1-Step and 2-Step the most recent challenge fee is refunded with the third payout. Trading is on MetaTrader 5 and cTrader.
The website says it is owned and operated by IC Funded Evaluations Ltd, a company incorporated in Saint Lucia. Its About page says it works "In partnership with IC Markets", and its FAQ says IC Funded is not a broker. Full rule tables on the pages we saved cover the 2-Step Professional programme; for the 1-Step and Instant programmes we saw only summary figures.
Everything in this review comes from IC Funded's own web pages, saved on 7–8 October 2026. Rules and prices change, so check the firm's site before you buy.
| Highest profit split | Up to 80% 1 Firm's wording: “The standard funded profit share is 80%. Traders on 1-Step and 2-Step programmes can increase their profit share up to 90% with selected add-ons.” |
|---|---|
| Account types | 1-Step evaluation, 2-Step evaluation, Instant funding (no evaluation) 12 |
| Markets | Forex, Crypto, Indices, Commodities, Metals 1 |
| Platforms | MetaTrader 5, cTrader 1 |
| Allowed / offered on at least one account type | Rules can differ between account types — check the linked page for the account you want. |
| Not allowed, or rules that apply (firm says so) |
|
IC Funded offers three programmes. The 2-Step Professional is a two-phase evaluation. The 1-Step Accelerated has a single evaluation phase. Instant Funded lets traders "Start with simulated funded capital immediately without completing an evaluation."
| Programme | Evaluation | Profit target | Daily drawdown | Maximum drawdown | Profit split |
|---|---|---|---|---|---|
| 2-Step Professional | Two phases | 10% (Step 1), 5% (Step 2) | 5% (end-of-day equity) | 10% (fixed, initial balance) | 80% standard; up to 90% with add-ons |
| 1-Step Accelerated | One phase | 10% | 3% | 6% | 80% standard; up to 90% with add-ons |
| Instant Funded | None | No target | 3% (labelled "Prev. EOD") | 5% (labelled "Highest EOD") | 80% |
The account-size selector on the rules and pricing pages lists $5K, $10K, $25K, $50K, $100K, $200K and $500K. Our saved pages do not show which sizes apply to each programme. The FAQ says traders may hold several accounts at once, with a maximum total allocation of $500,000 per trader.
The only price on the pages we saved is for the $5,000 2-Step Professional account: $74, shown as a one-time payment. The checkout pages we saved showed no prices, so we cannot list fees for other sizes or for the 1-Step and Instant programmes. The Terms say fees vary by account type and conditions, and that the company may change fees or programme rules at any time.
The pricing page also lists "Scalable progression" for the 2-Step $5K account. We did not find the details of a scaling plan on the pages we saved.
The rules page sets out three stages. In Step 1 (evaluation) the profit target is 10%, the daily drawdown is 5% based on end-of-day equity, the maximum drawdown is 10%, fixed on the initial balance, and at least 3 active days are required. Step 2 (verification) has a 5% target, the same 5% daily and 10% maximum drawdown, and at least 3 active days. The simulated funded stage has no profit target and keeps the 5% daily and 10% maximum drawdown limits.
The pricing page adds these 2-Step rules:
According to the rules page FAQ, a trader may move to the simulated funded stage after both phases are completed and "the applicable review is passed". The Terms add that passing the evaluation does not guarantee a funded account.
The How It Works page lists a single evaluation phase with a 10% profit target, 3% daily drawdown and 6% maximum drawdown. We did not see the full 1-Step rules (minimum days, news and weekend rules, funded-stage limits) on the pages we saved, so we do not state them.
The How It Works page lists no profit target, a 3% daily drawdown labelled "Prev. EOD" and a 5% maximum drawdown labelled "Highest EOD". We did not see a fuller definition of these limits. The 2-Step maximum drawdown, by contrast, is labelled "Fixed · Initial balance".
For the challenge phase, the How It Works page says: "No time limit — trade at your own pace."
The Terms list practices that are "Strictly prohibited" on IC Funded accounts. They include:
The Terms also require consistency in lot sizes, strategy, trading frequency and risk exposure. They give large trades followed by minimal trades "solely to satisfy trading-day requirements" as an example of a violation. Placing minimal or micro-lot trades just to meet the minimum trading days after reaching the profit target may trigger a risk review.
IC Funded keeps "full and sole discretion" to decide whether a strategy or behaviour is prohibited, even if it is not listed, and says its decision is final. Possible consequences include failing the evaluation, removing profits, denying payouts and closing accounts, and the Terms say no refunds will be provided in those cases.
Expert advisors: the Terms' ban covers automated tools "designed to exploit execution behavior, pricing delays, or platform vulnerabilities". We did not find a general EA policy on the pages we saved, so check with the firm before running one.
Other rules in the Terms: using VPNs, proxies or similar tools to get around restrictions is prohibited, and accounts inactive for 30 days may be suspended or terminated.
The pricing page says: "The standard funded profit share is 80%." Traders on the 1-Step and 2-Step programmes can raise this to up to 90% with selected add-ons, and "Add-on eligibility and conditions apply". We could not see the price or conditions of these add-ons. Instant Funded shows an 80% split. The home page headline says "Keep up to 90%"; the pricing page also describes an "80/20 split" for funded traders.
| Payout | Profitable days needed | Minimum period |
|---|---|---|
| 1st | 5 | 14 calendar days |
| 2nd | 3 | 14 calendar days |
| 3rd onwards | None | 14 calendar days |
A profitable day must close with a profit of at least 0.5% of the initial account balance. The rules page's order summary for the 2-Step describes a "Bi-weekly payout path" with weekly payouts "available as add-on".
The How It Works page says that for 1-Step and 2-Step, the most recent challenge fee is refunded with the third payout. The home and pricing pages say: "Challenge fee refunds are issued after the third payout has been processed."
Separately, the Terms allow a refund of a purchase only if it is requested within 14 days, no trading has taken place and no rules have been broken. No refund is given once any trade has been executed.
The FAQ says IC Funded provides MetaTrader 5 (MT5) and cTrader at no additional cost, and that both can be downloaded or used through their web and mobile versions. Account credentials are "typically sent shortly after the challenge purchase is completed", in most cases within a few minutes.
On the 2-Step pricing table, maximum leverage by asset class is: forex up to 1:50; indices, metals and energies up to 1:20; crypto up to 1:2. The rules page groups these as "Indices / Commodities" at 1:20.
The firm also publishes read-only cTrader and MT5 accounts on its Spreads page for monitoring live spreads; trading is disabled on those accounts.
The website footer says the site is owned and operated by IC Funded Evaluations Ltd, incorporated in Saint Lucia under registration number 2024-00388, with a registered address in Rodney Bay Village, Gros Islet, Saint Lucia. It names IC Funded Tech Solutions Ltd, incorporated in Cyprus under registration number HE 464324, as distributor of IC Funded Evaluations Ltd's services. The footer says the two are affiliated companies under common ownership and separate legal entities.
The About page says the firm works "In partnership with IC Markets". The pricing page describes "broker-backed infrastructure". The pages we saved do not say what the partnership covers.
The FAQ says IC Funded is not a broker and does not hold client deposits. The footer says accounts "are demo accounts only and do not involve real-market execution, real capital, or the custody of client funds".
Under the Terms, clients must be at least 18, services are available only where legally permitted, and the company may refuse service to anyone in a restricted jurisdiction. The footer refers to the FAQ for the full list of restricted countries; that FAQ tab was not on the pages we saved, so we do not list countries here.
The Terms are governed by the laws of Saint Lucia, and the company's liability is limited to fees paid. The firm says its support team is available 24/5.
On the firm's stated rules, the 2-Step Professional fits traders who close positions before the weekend, want a maximum drawdown fixed on the initial balance, and do not want a time limit on the challenge. Traders who hold positions over the weekend would break the 2-Step rule against weekend holding, and those who trade news on a funded 2-Step account must keep to the ±3-minute restriction. The Terms prohibit copy trading, mirror trading and signal sharing between users, high-frequency trading, martingale strategies and grid averaging.
Traders who want the 90% split should first check what the add-ons cost and require, since the standard share is 80%. Anyone considering the 1-Step or Instant programme, or an account size other than $5K, should check the full rules and price with the firm, as we could not see them.
MyPropGenius Rating:
The rating measures how openly IC Funded discloses its rules, pricing, payouts and ownership (our Transparency Index methodology). It does not measure how likely you are to pass or be paid.
The footer gives the operating entity, its Saint Lucia registration number and address, plus the Cyprus distributor and its HE number; the site says all trading is simulated with demo accounts, and the FAQ says IC Funded is not a broker. The Terms have a Refund Policy section with clear conditions (request within 14 days, no trading, no breach) and exclusions, and the homepage adds that the challenge fee is refunded after the third payout. The homepage 'Verified Trader Payouts' section shows dated payout certificates issued by the firm, the latest dated 28-09-2026, within 30 days of our check on 10 Oct 2026.
Its Transparency Index score is 71/100 (Good). We do not verify payouts or test accounts; this is what the firm’s own pages show.
Check the current rules and prices on the firm's own website before you buy.
We have no commercial relationship with IC Funded. Links to its website are not affiliate links.
IC Funded offers 2-Step, 1-Step and Instant Funded programmes on simulated accounts, traded on MT5 or cTrader. The 2-Step Professional has 10% and 5% targets, a 5% daily and 10% fixed maximum drawdown, no weekend holding and a ±3-minute news restriction on the funded stage. The standard split is 80%, with 90% only through add-ons, and the only price we could see was $74 for the $5K 2-Step, so check fees and the 1-Step and Instant rules before buying.
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Find my matchNo, according to its FAQ: "IC Funded is not a broker and does not hold client deposits." Its website says it is operated by IC Funded Evaluations Ltd, incorporated in Saint Lucia.
Simulated. The FAQ says all trading, in both the evaluation and funded stages, is on demo accounts that replicate real market conditions.
The standard funded profit share is 80%. On the 1-Step and 2-Step programmes, selected add-ons can raise it to up to 90%. Instant Funded shows 80%.
The only price on the pages we saved was $74, a one-time payment, for the $5,000 2-Step Professional account. Check the checkout for other sizes and programmes.
On the 2-Step Professional, weekend holding is not allowed in any stage. News trading is allowed in Step 1 and Step 2 and restricted within ±3 minutes on the funded stage. We did not see these rules for the other programmes.
For 1-Step and 2-Step, the most recent challenge fee is refunded with the third payout. The Terms say a refund may be granted only if it is requested within 14 days of purchase, no trading has taken place and no rules have been broken.