Iceberg: Information and detailed review

No

Simulated capital using Hyperliquid prices and depth. Orders are not sent to the live venue.

Instant: 1% of initial capital gross. Unlimited funded: USD 25 gross.

Instant: 5% of initial capital gross per payout. Each request resets the balance to initial capital; excess above the cap is forfeited on settlement. Partial withdrawals are unavailable. Unlimited: no such cap.

Instant: first request 120 hours after the first executed trade; thereafter, 120 hours after each received payout. Unlimited funded: on demand, without a waiting period or cooldown.

Native USDC payouts on Arbitrum One, subject to available public-pool funds. Requests may queue when liquidity is unavailable. Close positions and cancel orders before requesting.

KYC is not required.

A payout can become non-withdrawable credit to buy either account type at a 5% discount, which cannot stack with other promotions.

25:1

BTC, ETH and SOL: up to 10:1. Other crypto: up to 2:1.

5:1 - 8:1

4:1

10:1

8:1

0.003% - 0.009%

0.015% - 0.045%

0.003% - 0.009% - 0.03% - 0.09%

0.003% - 0.009% - 0.03% - 0.09%

0.003% - 0.009%

0.003% - 0.009%

Instant: USD 50,000 across unexpired accounts and pending purchases; up to USD 50,000 active. Standby accounts count and archiving does not free capacity. Unlimited: no evaluation allocation cap; up to USD 200,000 funded and active. Separate limits; a passed evaluation waits until capacity is available.

Static floor based on initial capital; it does not trail profits or decrease after payouts. Checked against equity, including open P&L, fees and funding.

Based on the opening balance at 00:00 UTC, after funding. Payout reserves and returns adjust cash and the daily floor equally.

No minimum.

Instant: expires 90 days after first activation, even without trading. Unlimited: no expiration in evaluation or funded phases.

After a loss-limit breach or Instant expiry, unrequested funded profit loses payout eligibility. Amounts reserved for previously submitted requests are not automatically forfeited.

Ice Points for eligible activity; the formula is variable and unpublished. 10,000 points: 5% discount; 18,000: 10% discount; 7,500: badge. Owner-bound codes, one use, valid for 90 days and non-stackable.

Account sharing, cross-account hedging, copying between users, latency arbitrage and tick-sniping. Breaches may lead to a ban; appeals through Discord.