Iceberg Funding. My own prop firm — and why I built it.
Why a firm of my own?
I have spent more than 30 years in the markets and at times traded dozens of funded accounts. You learn quickly that the large number on the website is the easy part. What matters is what the rulebook underneath actually says. With Iceberg Funding I want to explain that difference openly: in futures you buy four simulated phases with published conditions, not an immediately large live account. I am the founder of the brand — this is an operator’s explanation, not a neutral test.
Education and the challenge are two different things. Iceberg Method is education and community; membership is not a requirement for an assessment. A course does not pay for your challenge, and a passed challenge does not replace a routine of your own. Read the rules first. If they do not fit how you trade, not buying is a perfectly reasonable decision.
What is different
Futures drawdown: 5% end-of-day trailing on the end-of-day balance, no daily loss limit in the phases.
Fixed payouts after each successfully completed futures phase; live funded only after phase 4.
Method is education and community, not a requirement for a challenge.
Education and funding on the Iceberg Path →
What Iceberg Funding is not
The assessments are simulated and are not an investment of client funds. There is no guarantee of success or profit; you risk your evaluation fee. In futures, a live account follows only after phase 4.
How it works
- 01
Choose a program
Choose the market and account size — not just the largest dashboard number.
- 02
Check before you pay
Read the rules; checkout confirms the final price.
- 03
Trade in simulation
In futures: four phases with a target, drawdown, consistency, and a time limit.
- 04
Complete a phase
Meet the conditions, receive the fixed payout, and start the next phase.
- 05
Live after phase 4
On the futures $50k path: $6,000 of live starting capital, not $50,000.
Enter code PF24 at checkout. The provider confirms the effect before payment.
Futures 4-phase: the rules at a glance
As of: 10 Nov 2026Four phases, four times the same challenge framework: 9% target per phase, 5% end-of-day trailing drawdown, no daily loss limit in the phases, 25% consistency, and 60 calendar days per phase. No daily loss limit does not mean unlimited risk — the drawdown limit still applies.
- Drawdown
- EOD trailing
- Daily loss limit
- None
- Equity target
- 9% per phase
- Max loss
- 5% EOD
- Payouts
- Fixed, from phase 1
- Live account
- After phase 4
- Account gains live
- 90%
- Account sizes
- $25k · $50k · $100k · $150k
- Platform
- Rithmic / Bookmap
- Consistency
- 25%
- Time per phase
- 60 calendar days
- Futures $50k price
- $525 one-time
- $50k → live
- $6,000
The drawdown follows the end-of-day balance, not open intraday peaks. Once +5% is reached, the loss limit stops at the starting balance. Consistency: (best day PnL / total PnL) × 100 may be at most 25%. The 60-day timer starts with the first trade.
Iceberg Funding is a brand of GEMS4GENS INC. and an affiliate of Prop Account, LLC. Prop Account, LLC provides the assessments and receives the assessment fees. The assessments are simulated. Education and community are separate. Before you buy, review the assessment contract and, after qualification, the trader agreement with Prop Account, LLC.
Check four times. Only then go live.
After each successfully completed futures phase, the fixed payout is provided. Then the next phase begins with a fresh starting balance. On the $50k path that is $1,000, $1,500, $1,500, and $3,000. That is the published payout ladder, not a forecast for your trading. Only after phase 4 does a live funded account follow here, with $6,000 of starting capital and a 90% share of account gains.
A fixed payout after each successfully completed simulated phase. Bar heights compare amounts, not trading results.
Phase 1
$1,000
Phase 2
$1,500
Phase 3
$1,500
Phase 4
$3,000
$1,000 → $1,500 → $1,500 → $3,000. Each payment depends on successful completion and the contractual conditions. No guarantee of success or profit; after phase 4 the separate $6,000 live account follows.
The nominal size of the challenge and the later live starting balance are two different numbers. On the futures $50k path, the transition looks like this:
After phase 4: $6,000 of actual live capital, 90% share of account gains. No entitlement to a profit. The bars compare starting sizes, not results.
Source: icebergfunding.com / Futures Rules & FAQFutures is not the template for everything
Crypto One-Step, FX & CFD One-Step, Instant Funding, and Equities are separate programs. Do not transfer the four futures phases or their payout ladder to these products. Do not compare price alone: look at the market, the leverage, and the loss rules of each program. A smaller price tag does not make a poor contract a good fit.
All prices from the website calculator
Public marketing calculator, retrieved on 10 November 2026. Account sizes and fees in US dollars; the account size is not a freely available balance.
| Account size | One-time fee |
|---|---|
| $25,000 | $265 |
| $50,000 | $525 |
| $100,000 | $1,000 |
| $150,000 | $1,595 |
No FX leverage: futures are traded via contracts.
| Account size | Fee |
|---|---|
| $5,000 | $45 |
| $10,000 | $95 |
| $25,000 | $250 |
| $50,000 | $525 |
| $100,000 | $1,050 |
| $200,000 | $2,150 |
Leverage per the calculator: 5:1 BTC & ETH, 2:1 others.
| Account size | Fee |
|---|---|
| $5,000 | $99 |
| $10,000 | $179 |
| $25,000 | $399 |
| $50,000 | $749 |
| $100,000 | $1,399 |
Leverage per the calculator: Up to 20:1 (FX & Metals).
| Account size | Fee |
|---|---|
| $5,000 | $299 |
| $10,000 | $499 |
| $25,000 | $1,299 |
| $50,000 | $2,799 |
| $100,000 | $5,499 |
Leverage per the calculator: Up to 50:1 (FX & Metals).
| Account size | Fee |
|---|---|
| $5,000 | $45 |
| $10,000 | $65 |
| $25,000 | $150 |
| $50,000 | $300 |
| $100,000 | $600 |
| $200,000 | $1,400 |
A separate equity program; the futures rules do not automatically apply here.
Before payment, checkout on icebergfundingdashboard.propaccount.com confirms the final price. The terms shown then are the ones that govern.
Prices in the calculator on icebergfunding.comEnter code PF24 at checkout. The provider confirms the effect before payment.