Iceberg
Trade with Iceberg.
Iceberg is an on-chain prop firm that prices its simulated accounts from live Hyperliquid order books and pays traders in USDC from a public payout pool on Arbitrum that anyone can check. There are two products. 1-Step Unlimited ($47 to $857 for $5K to $100K) has a 10% target, then on-demand payouts with a $25 minimum, no cooldown and no expiry. Instant Funding ($167 to $767 for $5K to $25K) skips the evaluation but expires after 90 days, pays every 5 days and caps each payout at 5% of the account. Both use a 3% daily loss limit (from the 00:00 UTC balance) and a static 6% total limit, with no minimum days, no consistency rule and no mandatory stop loss. News, overnight and weekend holding are allowed. The split is 80%. It covers 122 perp markets: crypto, US equities, indices, commodities and FX, with leverage up to 10× on BTC, ETH, SOL and indices.
- Public on-chain payout pool you can verify before buying
- 1-Step payouts on demand with no cooldown, $25 minimum
- Cheap entry: $5K 1-Step for $47
- No minimum days or consistency rule, static drawdown
- 122 markets incl. equities, indices, gold and FX
- Launched 2026, no Trustpilot reviews yet
- USDC only, for both checkout and payouts
- Instant accounts expire after 90 days and cap each payout at 5%
- Payouts depend on the pool having funds
- Evaluation profit does not carry over
Platforms
Markets You Can Trade
Leverage
Paying In & Getting Paid
Common Questions
Is Iceberg a legit prop firm?
Iceberg was founded in 2026. See its rules, payout terms and details above.
What is the profit split at Iceberg?
The profit split at Iceberg is 80%.
How fast does Iceberg pay out?
Payout cycle: On demand.
What platforms does Iceberg support?
You can trade on Iceberg web terminal (live Hyperliquid prices).
What account sizes does Iceberg offer?
Account sizes range across $5K–$100K.
Is Iceberg available in my country?
Iceberg publishes no major country restrictions. Confirm your eligibility on the firm's site before applying.