Is IC Markets connected to IC Funded?

In the world of trading, clarity and trust are paramount. Traders rely heavily on the reputations of brokers and firms to make informed decisions. Recently, a question has arisen in the trading community: “Is IC Markets connected to IC Funded?” This query stems from the noticeable similarities between the two entities’ websites and branding. Let’s dive into the details and unravel the truth behind their relationship.

Understanding the Entities: IC Markets and IC Funded

IC Markets is a well-established broker, renowned for providing traders with access to financial markets through popular platforms such as MT4, MT5, and cTrader. Their strong reputation and reliability have garnered the trust of traders globally.

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IC Funded, on the other hand, is a relatively new prop firm that has entered the prop trading space with a mission to provide traders with access to company capital. Prop firms like IC Funded evaluate traders through specific programs and offer profit-sharing arrangements.

The Nature of Their Partnership

To clarify the nature of their partnership, we reached out to IC Funded. Here is what they had to say:

“Raw Trading Ltd. has a cooperative relationship with IC Funded; however, they are separate companies, each operating independently. We have an affiliate agreement with IC Funded, designed to offer access to educational resources and virtual evaluation programs.”

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This statement makes it clear that while there is a cooperative relationship between Raw Trading Ltd. (the operator of IC Markets) and IC Funded, they are indeed separate entities. The affiliate agreement primarily focuses on providing educational resources and evaluation programs, but it does not imply that they are the same company or that one controls the other.

Addressing the Design Similarity

One of the main sources of confusion is the similar design and branding between IC Markets and IC Funded. When asked about this potential issue, IC Funded responded:

“It is respectable your point of view, only that in the legal and commercial field they are totally different companies, which have a commercial relationship.”

While IC Funded acknowledges the concern, they emphasize that the two companies operate independently despite their visual similarities.

Leveraging IC Markets’ Tools

IC Funded has strategically leveraged some of the trading tools that IC Markets is known for. For instance, they offer trading platforms like MT4 and MT5, which are standard in the industry. Additionally, IC Funded offers cTrader, a platform not commonly provided by many prop firms. This alignment in tools can create a sense of continuity for traders who are familiar with IC Markets’ offerings.

However, it’s important to note that IC Funded does not currently offer TradingView integration, which some traders may find limiting. As a new entrant in the prop firm space, there is potential for IC Funded to expand its platform offerings in the future.

Trust and Reliability: Building Confidence

Your concern about trusting IC Funded as much as IC Markets is understandable. When asked about their reliability, IC Funded stated:

“As part of IC Funded we will always say yes, as we work on the project. Perhaps even more reliable than my word are the experiences of other traders who are already trading with us.”

To build trust, IC Funded encourages potential clients to look at the experiences of current traders and to engage with their community chat for further insights. but I would recommend traders check third-party platforms like Trustpilot for reviews.

Ensuring Clarity and Transparency

To prevent any potential confusion and to maintain trust within the trading community, IC Funded can take several steps:

  1. Clear Disclaimers: Prominently display information about their independent operation on their website.
  2. Distinct Branding Elements: Introduce unique visual elements that differentiate IC Funded from IC Markets to reduce perceived connections.
  3. Transparent Communication: Ensure all customer interactions clearly state the nature of their relationship with IC Markets, emphasizing their independent operations.

Conclusion: A Call for Transparency

The cooperative relationship between IC Markets and IC Funded is legitimate, but the similarities in their branding can lead to confusion. Traders deserve transparency and clarity to make informed decisions. By addressing these concerns, IC Funded can reinforce its commitment to integrity and trust within the trading community.

For traders, it is always advisable to thoroughly research and understand the entities you are dealing with, ensuring you are fully aware of the nature of their relationships and the specifics of their operations. Trust is earned through transparency, and both IC Markets and IC Funded have roles to play in upholding this principle.

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