FNG Exclusive… FNG has learned that IC Funded, the prop trading / trader challenges unit of leading Australia based Retail FX and CFDs broker IC (formerly known as IC Markets), has now gone live, at website icfunded.com.

IC Markets, one of the world’s largest online brokers, had launched IC Funded back in 2024 as the retail prop trading boom was unfolding, but decided to put IC Funded on hold, looking for the right management team to lead the unit. Earlier this year the company hired FunderPro executive Petros Kalaitzis, who has also previously worked at Tools for Brokers, NAGA, Tickmill, Saxo Bank, and eToro, to head IC Funded, and now the brand is back in action.

FNG spoke with Petros Kalaitzis about the (re)launch of IC Funded.

FNG: Hi Petros. Please let us know what’s been happening over the past few months, leading up to the launch.

Petros: Thanks a lot in advance for taking the time.

Over the past several months we’ve focused heavily on rebuilding and strengthening the foundations of IC Funded ahead of the relaunch. A large part of the work has been around infrastructure, trader experience, operational efficiency, execution and risk management and refining the overall model to ensure long-term sustainability and scalability.

FNG: How will you be positioning IC Funded in what’s becoming a very crowded and competitive prop trading market?

Petros: Our objective is to position IC Funded as a serious long-term player in the prop trading space, backed by the experience, technology, and global ecosystem behind IC Markets. We believe there is strong demand for firms that combine competitive trading conditions with transparency, stability, and a professional approach to risk management.

FNG: What markets will you be focusing on?

Petros: Initially, our focus will be on expanding across key international markets with an emphasis on disciplined and consistency-driven traders rather than purely high-risk speculative activity. We’re building the business with a long-term vision and we see significant opportunity as the prop industry continues to mature and consolidate globally.