IcFunded

IcFunded offers a 2-Step Professional Program with a 10% profit target in Phase 1 and 5% in Phase 2. Risk rules include a 4% maximum daily drawdown and 8% maximum overall drawdown. No time limit applies. Profit splits start at 80% scaling to 90%. Account sizes from $5,000 to $200,000. EAs are permitted and news trading is allowed. MT4/MT5 platforms with Forex, indices, and commodities. The 4% daily drawdown is slightly tighter than the industry's typical 5%, paired with a slightly tighter 8% max drawdown versus the typical 10% — creating a defined, conservative evaluation environment suited to disciplined, precision-focused traders.

IcFunded uses a static drawdown model. The 8% max drawdown floor is fixed at 8% below starting balance — on a $100,000 account, this means a floor of $92,000. The 4% daily drawdown limit equals $4,000 per session on a $100K account, calculated on equity including floating positions. The tighter-than-average max drawdown (8% vs industry standard 10%) means slightly less room for errors, but the lower profit targets relative to the 8% floor create a reasonable risk-reward ratio for disciplined traders. Traders are advised to risk no more than 0.5-1% per trade to stay within the 4% daily limit while building toward the 10% Phase 1 target without approaching the 8% max floor.

IcFunded has established a reliable presence in the prop firm market with clean evaluation mechanics and consistent payout processing. The 4% daily drawdown requires more precise risk management than the 5% offered by most competitors — a trade-off for the simpler 8% static max that is easier to track than trailing alternatives. Community reviews are positive for payout reliability and rule clarity. The firm's documentation is clear and the evaluation path is straightforward. IcFunded is well-suited to traders who prefer a defined, no-ambiguity evaluation with static parameters and reliable payouts without novel or complex mechanics.