Iceberg Review
Iceberg sells simulated perpetual-futures accounts, traded on its own web terminal at live Hyperliquid prices, with one evaluation model and one instant model; rewards are paid in USDC from an on-chain pool funded by account fees, and the site names no jurisdiction.
- Instant Funding· no evaluation
- 1-Step Unlimited· 10% target
- List price from
- $47
- Models on sale
- 2
- Research checked
- 16 Oct 2026
Affiliate link · may earn commission
- Account models
- 2 on sale
- Instant Funding and 1-Step Unlimited; the free demo earns nothing
- List price from
- $47
- 1-Step Unlimited $5K, one-time, in USDC; non-refundable
- Profit split
- 80%
- Both models, of eligible funded profit; Instant claims capped at 5% of size
- Payout speed
- Seconds (claimed)
- Iceberg says payouts are “built to arrive in seconds”; not measured by us, and requests wait if the pool is short
- Max starting size
- $100K
- 1-Step only; Instant $25K. The $200K funded cap is not a starting size
- Platforms
- Web terminal
- Iceberg's own; no MetaTrader or cTrader
Editorial assessment & evidence status
No numerical scoreBasis
- 15 official pages read, plus 9 supporting
- 8 list prices checked in the docs and app
- Pool balance read on-chain
- No document conflicts; 4 claims qualified
- No purchase, payout or support test
16 Oct 2026, 02:31–02:38 UTC. Methodology
Pricing transparency
Clear list pricesAll 8 prices on sale are public and identical in the docs and the app, and the checkout configuration confirms which sizes are sold; Instant $50K and $100K are “Coming soon”. Extra costs are trading fees, hourly funding and network fees.S3S1S17S9
Rule clarity
Clear docs, no contractBoth models share two loss limits, explained with formulas and dollar examples. But there are no terms of service, and EAs, bots and VPN use are not addressed.S6S24
Review platforms were not checked; that does not mean Iceberg has no reviews.
How funding works at Iceberg
Instant Funding skips the evaluation, not the payout conditions.
- Step 1
Choose a model
2 modelsNo country list or terms are published. - Step 2
Buy and get access
From $47Native USDC on Arbitrum One; access once payment verifies. - Step 3
Pass the evaluation
10% net1-Step Unlimited only; Instant starts funded. - Step 4
Qualify
No KYCInstant: 120 hours after your first trade. - Step 5
Request a reward
$25 or 1–5%1-Step on demand; Instant every 120 hours, capped.
Our verdict on Iceberg
What Iceberg publishes. List prices run from $47 (1-Step Unlimited, $5K) to $857 (1-Step Unlimited, $100K), and Instant Funding costs $167 to $767. Both models share a 3% daily and a fixed 6% total limit with no consistency rule, explained with formulas and examples. The pool's address is public: we read 65,949.60 USDC in it at 02:37 UTC on 16 Oct 2026.S3S6S8
What is unresolved. There are no terms of service, refund or privacy policy, country list or stated jurisdiction, so the docs, all “Updated 6 October 2026”, are the only rulebook. They say payouts come only from available pool funds and can queue, and that requests must pass account checks, but not what a review covers or how long a queue can last.S24S2S7S8
What is unverified. Iceberg's claims that payouts are built to arrive in seconds and that it has raised no venture funding are its own. From 8 Sep 2026 to our research date its feed reports 201 purchases and 74 payouts totalling about $19,460 (median payout time 6.6 seconds); we did not verify these figures, and Iceberg says it may withdraw its $30,000 reserve.S2S1S18S8
How we review & sourcing: built from Iceberg's homepage, all 19 pages of its docs and the rule text in its app as published on 16 Oct 2026, plus its public checkout configuration, its pool feed and an on-chain balance read. We did not buy an account, trade or request a payout. Sources and method
Bottom line · Low entry prices and short, clearly written rules, but every payout depends on a fee-funded pool, with no contract, jurisdiction or long record behind it. If you buy, check the pool's balance first and treat the fee as money you can afford to lose.
Pros
- 1-Step Unlimited from $47, with no time limit
- Same 3% daily and static 6% limits on both models
- 1-Step funded requests on demand from $25, no percentage cap
- Pool address public; balance checkable on Arbitrum
- News, overnight and weekend holding allowed
Cons
- No terms of service, jurisdiction or address
- Payouts only from a fee-funded pool; requests can queue
- Instant: 5% claim cap, excess forfeited, 90-day expiry
- Checkout and payouts in native USDC on Arbitrum only
- Its own records go back only to 8 Sep 2026
Who Iceberg may suit
May suit
- Crypto traders who already hold USDC on Arbitrum
- Evaluation traders who want no time limit and a static 6% floor (1-Step Unlimited)
- Swing and news traders: overnight, weekend and news trading are allowed
- Traders who want to check a payout pool on-chain before buying
Use caution if you
- Need a contract, a named jurisdiction or a regulated counterparty
- Trade with EAs, bots or an API, which no document addresses
- Expect to bank Instant profit above 5% of the size in one claim
- Want MetaTrader, cTrader or card and bank payments
- Cannot wait if a payout queues for pool liquidity
Availability & country restrictions
Iceberg publishes no restricted-country list and no terms of service, names no jurisdiction and asks for no KYC. None of its pages mentions sanctions, VPNs or IP addresses.S1S10S24
Restricted countries: Not published.
With no published list, nothing confirms that residents of any given country are accepted; check your own local rules before buying.
Account sizes, fees and discounts
Iceberg charges a one-time, non-refundable access fee in native USDC; it buys access to simulated capital, not a deposit. These are the 8 list prices on sale on 16 Oct 2026: the docs and the app list the same figures, and the checkout configuration confirms which sizes are sold. The cheapest is $47 for a $5K 1-Step Unlimited.S3S1S17S11
List prices by model (USD, paid in USDC)
| Size | Instant Funding | 1-Step Unlimited |
|---|---|---|
| $5K | $167 | $47 (lowest list price) |
| $10K | $337 | $92 |
| $25K | $767 | $237 |
| $50K | Coming soon | $427 |
| $100K | Coming soon | $857 |
Checked 16 Oct 2026, 02:31–02:38 UTC. Instant $50K ($1,477) and $100K ($2,997) are listed as “Coming soon” with no date; the checkout configuration offers Instant only up to $25K. The free $5K demo is not a paid account.
Promotions and other costs
| Item | Price or end | Status |
|---|---|---|
| Referral welcome discount5% off a first account purchase through an eligible affiliate link or referral code | No end date; not for demos or after a first purchase; does not stack | UnverifiedS13S1 |
| Ice Points discount codes5% off for 10,000 points or 10% off for 18,000 points, on one purchase | Each code lasts 90 days; the points formula is confidential | Code needed; unverifiedS14 |
| Payout-credit repurchase5% off an account paid with payout credit ($728.65 for a $25K Instant, per the docs) | Standing term; does not stack with other promotions | UnverifiedS12 |
| Trading feesPer fill, maker/taker: crypto 0.015%/0.045%; most other markets 0.003%/0.009%; gold, MSTR and PURRDAT 0.03%/0.09% | 0.003%–0.09% of notional | Per fillS9 |
| Hourly fundingCharged or credited on positions held at each UTC hour | Hyperliquid's hourly rate | HourlyS20 |
| Network and bridge feesArbitrum transfer fees on withdrawals; route and provider fees on an optional bridge | Not published | Shown before you signS11 |
Iceberg sells no resets, split add-ons or activation fees. Discounts do not stack, and we tested none at checkout.
Key trading rules by model
Neither model has a minimum number of trading days, a consistency score or a mandatory stop loss. Both loss limits are checked against equity, including open P&L, fees and funding, and risk checks continue while you are offline.S6
Rules by model and stage
| Rule | Instant Funding | 1-Step Unlimited | Sources |
|---|---|---|---|
| Profit targetevaluation | None: starts funded | 10% net, incl. open P&L | S4S2S5 |
| Minimum trading daysall stages | None | None | S6 |
| Account lifetimeall stages | 90 days from first activation | No expiry in either phase | S4S6S5 |
| Daily loss limitall stages | 3% of the 00:00 UTC opening balance | 3% of the 00:00 UTC opening balance | S6S2 |
| Total loss limitall stages | 6% of initial size (floor at 94%) | 6% of initial size (floor at 94%) | S6S2 |
| Drawdown typeall stages | Static; checked on equity, open P&L included | Static; checked on equity, open P&L included | S6 |
| Leverage capall stages | 2x to 25x, set per market | 2x to 25x, set per market | S9 |
| Per-person size capall stages | $25K per account; $50K owned and active | Evaluations uncapped; $200K funded | S3S17 |
| Consistency rulefunded | None | None | S6 |
Not in the table: a free $5K demo, one at a time, under the same 3% and 6% limits. It earns no payouts, Ice Points or referral rewards.S15S16
How the two floors work
The daily floor is 97% of the balance at 00:00 UTC, set after the midnight funding charge, and payout reserves move it without using your allowance; the total floor stays at 94% of the initial size. On $25,000 that is $24,250 and $23,500. Because the daily floor comes from balance but is checked on equity, a position carried past midnight with a $500 open loss leaves only $250 of room that day. A forced close can land below the floor.S6S4S20
Instant Funding's clock and caps
The 90-day lifetime starts at first activation, even with no trade, and archiving an account does not pause it. At expiry, positions close and unrequested profit is lost. You may own $50,000 of Instant accounts, pending purchases and standby accounts included, and trade $50,000 at once; no single account exceeds $25,000.S4S3S23
What is allowed and what is banned
News, overnight and weekend holding are allowed when a market has usable data, and you may open the same trade across your own accounts. Copying another user, sharing an account, hedging across accounts and exploiting delayed prices are banned. The docs describe random checks, a discretionary ban and an appeal on Discord; the homepage names latency arbitrage and tick-sniping and says these practices “result in removal from the program”. No document addresses EAs, bots, API trading, VPNs or IP addresses.S6S1S15
Execution and costs
Orders fill against live Hyperliquid order-book depth with no added spread, but never reach Hyperliquid. Manual market orders carry 0.5% price protection; market-type stop-loss and take-profit exits do not, and can fill beyond the trigger. Trading fees are charged on every fill and funding hourly at Hyperliquid's rates, and both count toward the loss limits.S19S9S20S2
What happens when a rule is broken
| Trigger | Applies to | Consequence |
|---|---|---|
| Equity at or below the daily or total floor | Both models, every phase | terminationprofit excludedAccount permanently suspended; a price recovery does not reopen it, and unrequested funded profit loses payout eligibilityS6S5 |
| 90 days after first activation | Instant Funding | terminationprofit excludedTrading and payout requests stop and positions close; unrequested profit is lost, earlier requests are not automatically forfeitedS4S6 |
| Eligible profit above 5% of the initial size when you claim | Instant Funding | profit excludedThe excess is forfeited when the claim settles, and the balance resets to the initial sizeS7S4 |
| Open positions or orders, pending funding or an earlier request | Both models, funded | payout delayNo new payout request until it is resolvedS7 |
| Copying another user, account sharing, cross-account hedging or exploiting delayed prices | All accounts | terminationA ban at Iceberg's discretion, appealable on Discord (docs), or “removal from the program” (homepage). Banned users cannot request new payouts or buy accountsS6S1S15 |
Payouts and profit sharing
Only funded accounts can request. Every request needs positions and orders closed, both floors intact, no pending funding or earlier request, and account checks passed; payment then depends on available pool funds. There is no KYC step.S7S5S10
Payout terms by model
| Term | Instant Funding | 1-Step Unlimited (funded) | Sources |
|---|---|---|---|
| First request | 120 hours after your first trade | On demand once funded | S7S4S5 |
| Later requests | 120 hours after the last payout received | On demand; no cooldown | S7S5 |
| Minimum claimbefore the split | 1% of initial size | $25 of eligible profit | S7S4S5 |
| Maximum per claimbefore the split | 5% of initial size; excess forfeited | No percentage cap | S7S4S5S1 |
| What a claim takes | All eligible profit; balance resets | All eligible profit; balance resets (app text only) | S7S15S16 |
| Profit split | 80% | 80% | S7S2S1S5 |
| At a breach or expiry | Unrequested profit lost at a breach or expiry | Unrequested profit lost at a breach | S6S4 |
Methods: native USDC on Arbitrum One to the account's built-in wallet, or account credit toward another account at 5% off. Neither a fiat payout nor an Iceberg payout fee is published; moving USDC out of the wallet costs an Arbitrum network fee, paid in USDC.S7S11S12
Instant Funding's 5% cap
Each claim takes all eligible realized profit, between 1% and 5% of the initial size before the 80/20 split, then resets the balance. On $25,000 the minimum claim is $250 ($200 to you) and the maximum $1,250 ($1,000 to you); with $1,750 of eligible profit, the extra $500 is forfeited. Iceberg's 90-day illustration of 17 maximum claims, $17,000 on $25K, assumes maximum profit every cycle, no breach and immediate approval, and is labelled “Illustration, not guaranteed earnings”.S7S4S3
Where payout money comes from
Real USDC comes only from the pool. A 1-Step fee goes to it less 3% for the protocol and less any referral purchase commission, which the homepage puts at up to 15%; an Instant fee sends 99%. On a $237 1-Step $25K bought without a referrer, $229.89 reaches the pool; with a referrer on the top rate, only 82% of the price paid does. A $30,000 insurance reserve of the team's own money sits in the pool, and Iceberg says it may progressively withdraw it once the pool has a reserve of its own. At 02:37 UTC on 16 Oct 2026 we read 65,949.60 USDC in the pool contract; that includes the reserve, and shows neither what is already set aside for requests nor what funded traders could claim.S8S3S13S1S18
The speed claim and the review step
The docs say eligible payouts are automated and built to arrive in seconds, without a discretionary approval step, and that an accepted payout cannot be revoked. The same documents say requests must pass account checks and are paid only from available pool funds, so they can stay queued; “on demand” is not a promise of immediate payment. The checkout mentions rejected requests, and the payout screen shows “In review” and “Rejected” statuses. Iceberg's feed reports a 6.6-second median over 74 payouts; we did not test it.S2S7S8S15S16S18
Official information that needs clarification
We compared Iceberg's homepage, its docs and the rule text in its app on 16 Oct 2026 and found no two that give different numbers or terms for the same price, limit or payout; only the wording on prohibited trading differs, as noted under the rules. What needs clarifying is what is missing, from terms of service to a country list, and how its headline claims are qualified; ask Iceberg in writing before you buy.S1S2S6S15S24
Marketing claims the documents qualify
- “Automated”, “built to arrive in seconds”, “without a discretionary approval step” are qualified by the same documents: requests must pass account checks, are paid only from available pool funds and can stay queued. The checkout text mentions rejected requests and says submitted requests “remain subject to review”, and the payout screen shows “In review” and “Rejected” statuses; no page says what a review covers or how long a queue can last.S2S7S8S15S16
- “Get up to $100k of simulated capital to trade” applies only to 1-Step Unlimited, whose $100K account is an evaluation; Instant Funding stops at $25K, with larger sizes “Coming soon” and no date.S1S3S17
- “Keep 80% of the profits you generate” means 80% of eligible realized funded profit: evaluation profit is never paid, and each Instant claim is capped at 5% of the account size, with the excess forfeited.S1S7S5
- “The payout pool begins with our own capital” refers to a $30,000 reserve that, per the transparency page, Iceberg may progressively withdraw once the pool has a reserve of its own.S1S8
Refunds, resets, rewards and scaling
Separate programs with separate conditions. Account credit and points discounts are spent on accounts, not paid out, and nothing is refundable.S12S14S2
Programs and their terms
| Program | What the documents say | Paid as | Status |
|---|---|---|---|
| Refund | Purchases are non-refundable, and no refund policy, cash or credit, is publishedS2S3S11 | None | Published |
| Reset | None sold: a breached account stays closed, even if prices recover; only the free demo can be restartedS6S15 | Not offered | Published |
| Account credit | Take a payout as credit to buy either model at 5% off; credit cannot be withdrawn, and issuing it starts the Instant cooldownS12 | Credit | Published |
| Free demo | One $5K demo at a time at live prices; it earns no payouts, Ice Points or referral rewardsS15S16 | Practice only | Published |
| Ice Points | Earned on purchases, distinct eligible breaches, referrals and volume by a confidential formula; 10,000 points buy a 5% code, 18,000 a 10% codeS14 | Discount code | Published |
| Referrals | 5% off a first purchase through an eligible link or code. Referrers earn a commission on 1-Step purchases, taken from the price before the pool's share, and on payouts, from Iceberg's 20%S13S1 | Discount, commission | Published |
| Scaling plan | None published; profit does not raise the size counted toward either capS3S17 | Not published | Not published |
Account progression
Starting size, per-person caps and scaling are three different numbers.
Starting account
$5K to $100K on 1-Step Unlimited, $5K to $25K on Instant Funding, for a one-time fee.S3S17
Markets, platforms, KYC and support
What you can trade
122 perpetual-futures markets priced from Hyperliquid: 78 crypto, 35 equity-linked, 5 commodities (gold, silver, WTI and Brent oil, copper), 2 indices (S&P 500 and Nasdaq 100) and 2 currencies (EUR and JPY). Each is a derivative, not ownership of the underlying, and no spot or options market is listed. Leverage caps are ceilings that position size and margin tiers can lower; they do not change the 3% and 6% limits.S9
Leverage caps and fees by market (Markets doc)
| Market | Leverage cap | Maker / taker fee |
|---|---|---|
| BTC, ETH, SOL | 10x | 0.015% / 0.045% |
| Other crypto (75) | 2x | 0.015% / 0.045% |
| Equity-linked (35) | 4x | 0.003% / 0.009%; MSTR, PURRDAT 0.03% / 0.09% |
| S&P 500, Nasdaq 100 | 10x | 0.003% / 0.009% |
| Gold, silver, WTI, Brent | 8x | 0.003% / 0.009%; gold 0.03% / 0.09% |
| Copper | 5x | 0.003% / 0.009% |
| EUR, JPY | 25x | 0.003% / 0.009% |
The Markets doc lists one cap per market and does not vary it by model or phase; fees apply per fill, and hourly funding is separate.S9S3S20
Simulated accounts and company
Every account is simulated: orders use live Hyperliquid prices and depth but never reach Hyperliquid, and the account size is not a deposit you can withdraw. Your real-money exposure is the fee. Real USDC payouts come only from the fee-funded pool, backed by a $30,000 insurance reserve of the team's own money that Iceberg says it may progressively withdraw.S2S8S4S3
Platforms
- Iceberg web terminalProprietary
Iceberg's own browser terminal at app.iceberg.cash, for both models, with simulated fills at live Hyperliquid prices; no MetaTrader, cTrader or other platform is documented.S10S22S2
KYC and payout ownership
- Not required at any stage: you sign in with email, Google or an external wallet through PrivyS10S1
- Payouts go to the signed-in account's built-in wallet, or become account credit; you move USDC out yourselfS7S16S12
Support
Channels: Iceberg's Discord server, where ban appeals also go, and its X account, @Icebergdotcash. No support email, ticket desk or response time is published, and we did not test either channel.S6S2
Iceberg FAQ
What is Iceberg?
A crypto-native prop-trading platform. The only operator named is “Iceberg Inc.”, in a copyright line, with no jurisdiction or address. It sells simulated perpetual-futures accounts on its own web terminal at live Hyperliquid prices, and pays rewards in USDC from an on-chain pool.S1S2
Are Iceberg accounts simulated?
Yes. Iceberg says your trading capital is simulated and your orders never reach Hyperliquid. Your real-money outlay is the access fee; payouts are real USDC from a pool funded by account fees.S2S8
Which account models can I buy?
Instant Funding at $5K to $25K ($50K and $100K are listed as coming soon) and 1-Step Unlimited at $5K to $100K. A free $5K demo earns no payouts.S3S17S15
How do Instant Funding and 1-Step Unlimited differ?
Instant starts funded but expires 90 days after activation, allows a claim at most every 120 hours and caps each claim at 5% of the size. 1-Step needs 10% net profit first and never expires; once funded, you may request on demand from $25 with no percentage cap, subject to account checks and pool funds.S2S4S5S7
How much does Iceberg cost?
One-time, non-refundable fees from $47 (1-Step Unlimited, $5K) to $857 (1-Step Unlimited, $100K); Instant Funding costs $167 to $767. You pay in native USDC on Arbitrum One, and trading fees and hourly funding come on top.S3S11S9
How do the drawdown limits work?
Both models: 3% daily from the 00:00 UTC opening balance and 6% total from the initial size, a fixed floor that never trails. Both are checked on equity, and touching either closes the account.S6
When can I request a payout?
Instant: 120 hours after your first trade, then 120 hours after each received payout, claiming 1% to 5% of the size. 1-Step funded: on demand from $25. Positions must be closed, and you keep 80%.S7
Is the access fee refundable?
No. Iceberg says purchases are non-refundable and publishes no refund policy. A payout can be taken as account credit, which buys another account at 5% off but cannot be withdrawn.S2S3S12
Which trading platform does Iceberg use?
Only its own browser terminal at app.iceberg.cash, with simulated fills at live Hyperliquid prices. No MetaTrader, cTrader or other platform is documented.S10S22
Considering Iceberg?
List prices from $47. Check the pool's balance on Arbitrum and get Iceberg's answers on payout reviews and queues in writing before you buy.
Crypto prop firm alternatives to consider
Hypernova and Vest Markets also sell perpetual-futures prop accounts on their own platforms, with USDC payouts; Breakout and HyroTrader are reviewed crypto firms.
Sources, methodology and disclosure
Official documents, checked 16 Oct 2026
- S1Homepage, FAQ and affiliate sectionwww.iceberg.cash/ · checked 02:31 UTCUndated. FAQ answers, plan picker and affiliate terms read from the page's script; no referral code used.
- S2Docs: Welcome to Icebergdocs.iceberg.cash/ · checked 02:31 UTCUpdated 6 Oct 2026.
- S3Docs: Account sizes & feesdocs.iceberg.cash/account-plans · checked 02:31 UTCUpdated 6 Oct 2026.
- S4Docs: Instant Fundingdocs.iceberg.cash/instant-funding · checked 02:31 UTCUpdated 6 Oct 2026.
- S5Docs: 1-Step Unlimiteddocs.iceberg.cash/one-step-unlimited · checked 02:31 UTCUpdated 6 Oct 2026.
- S6Docs: Loss limits & account lifetimedocs.iceberg.cash/loss-limits · checked 02:31 UTCUpdated 6 Oct 2026. Includes the prohibited-behaviour rules.
- S7Docs: Request a payoutdocs.iceberg.cash/payout-requests · checked 02:31 UTCUpdated 6 Oct 2026.
- S8Docs: Payout pool & transparencydocs.iceberg.cash/transparency · checked 02:31 UTCUpdated 6 Oct 2026.
- S9Docs: Markets, leverage & feesdocs.iceberg.cash/markets · checked 02:32 UTCUpdated 6 Oct 2026. 122-market catalog.
- S10Docs: Get starteddocs.iceberg.cash/getting-started · checked 02:31 UTCUpdated 6 Oct 2026.
- S11Docs: Wallet, USDC & checkoutdocs.iceberg.cash/usdc-checkout · checked 02:32 UTCUpdated 6 Oct 2026.
- S12Docs: Account credit & repurchasesdocs.iceberg.cash/account-credit · checked 02:32 UTCUpdated 6 Oct 2026.
- S13Docs: Referralsdocs.iceberg.cash/referrals · checked 02:32 UTCUpdated 6 Oct 2026.
- S14Docs: Ice Pointsdocs.iceberg.cash/ice-points · checked 02:32 UTCUpdated 6 Oct 2026.
- S15App: Get funded (checkout rule text)app.iceberg.cash/funding · checked 02:35 UTCPlan, rule and payout text read from the page's script; no sign-in or checkout started.
Also checked the same day
- S16App: Payouts screenapp.iceberg.cash/payouts · checked 02:35 UTCPayout conditions, statuses and policy settings read from the page's scripts.
- S17Checkout configuration (public data)app.iceberg.cash/api/checkout · checked 02:36 UTCSizes on sale by model, per-person caps, payment network; no checkout attempted.
- S18Pool analyticsapp.iceberg.cash/pool · checked 02:36 UTCFigures from its public data feed, captured 02:36 UTC. Firm-published and unverified, except the pool balance.
- S19Docs: Orders & executiondocs.iceberg.cash/orders · checked 02:32 UTCUpdated 6 Oct 2026.
- S20Docs: Hourly fundingdocs.iceberg.cash/funding · checked 02:32 UTCUpdated 6 Oct 2026.
- S21Docs: Margin & liquidationdocs.iceberg.cash/margin · checked 02:32 UTCUpdated 6 Oct 2026.
- S22Docs: Using the terminaldocs.iceberg.cash/terminal · checked 02:32 UTCUpdated 6 Oct 2026.
- S23Docs: Accounts & performancedocs.iceberg.cash/analytics · checked 02:31 UTCUpdated 6 Oct 2026.
- S24Terms of service (probed)www.iceberg.cash/terms · checked 02:38 UTCHTTP 404, as were the privacy, refund-policy, risk-disclosure, legal and about paths on the website, docs and app.
How this review was researched
We read the homepage, all 19 docs pages and the rule text in Iceberg's app in full, logged every claim with its model, stage and source, and re-fetched every page on 16 Oct 2026 (02:31–02:38 UTC). We also read the public checkout configuration and pool feed, and the pool contract's USDC balance on Arbitrum. An independent fact-check re-fetched the same pages, the checkout configuration, the pool feed and the balance between 03:00 and 03:05 UTC and found the same figures. “Published” means Iceberg says it, not that it is proven. Our methodology
Affiliate disclosure
Up Trade Funded is reader-supported. “Visit Iceberg” buttons use our referral link and we may earn a commission; that does not change this review. Source links carry no referral. Affiliate disclosure
Figures come from Iceberg's official documents, checked 16 Oct 2026. Terms change often; confirm the current version on iceberg.cash before buying.