- IC Markets, a major online trading provider, launches ICFunded.com, its new prop trading platform.
- Clients can explore the platform while it’s in beta phase, but traders from the US, Australia, Canada, and Hong Kong cannot yet participate in the “IC Funded Challenge”.
IC Markets, a leading online trading provider, has announced its entry into the prop trading industry with the soft launch of ICFunded.com.
The platform, still in its beta phase, welcomes clients to register and explore its features. IC Markets also revealed an upcoming “IC Funded Challenge,” though applications are currently restricted in the United States, Australia, Canada, and Hong Kong.
The company joins a growing list of forex brokers like Hantec Group, Raise FX, OANDA, and YaMarkets venturing into prop trading. However, participants are urged to proceed with caution due to the industry’s underdeveloped regulatory framework.
This concern was highlighted in February when MetaQuotes, the developer of MT4/MT5, revoked licenses from several prop firms, including True Forex Funds, Funding Pips, and Eightcap. Many companies have since adopted alternative trading platforms to continue operations.
