IC Markets is not a scam
Is IC Markets a scam?
When embarking on your trading journey, it is paramount to ensure the reliability and legitimacy of your chosen brokerage. With a multitude of online brokers available, some potential traders may question the authenticity of platforms, including IC Markets. To dispel any uncertainties, we've compiled this comprehensive review to address the question: Is IC Markets a scam?
IC Markets shows multiple signs of being a reputable and secure platform. Its regulatory compliance, long-standing operation, transparency, client protection measures, and positive third-party reviews all point towards its legitimacy.
- IC Markets operates under multiple regulatory bodies, ensuring compliance with financial laws
- The broker has a long track record, it was founded in 2007
- It offers negative balance protection for retail clients in selected jurisdictions
IC Markets' Regulatory Compliance
IC Markets is an Australian broker that is regulated by the Australian Securities and Investments Commission (ASIC) and trades as International Capital Markets Pty Ltd, with ACN 123 289 109. International Capital Markets Pty Ltd is authorized to provide financial services in Australia, with its activities limited to those covered by its AFSL licence. The trading name, IC Markets, is used by both International Capital Markets Pty Ltd and other affiliated entities.
IC Markets is a regulated broker with a presence in Europe through its subsidiary, IC Markets (EU) Ltd. As a Cyprus Investment Firm (CIF), it is authorized and overseen by the Cyprus Securities and Exchange Commission (CySEC). IC Markets (EU) Ltd has its registered office in Limassol, Cyprus, at 141 Omonoias Avenue, The Maritime Centre, Block B, 1st floor, 3045. The CySEC license permits IC Markets (EU) Ltd to serve as a broker in Europe, acting as an intermediary in financial markets and complying with the obligations set forth in MiFID.
IC Markets Global, which operates under the trade name Raw Trading Ltd, is registered in Seychelles with company number 8419879-2. Raw Trading Ltd has its registered office at Eden Plaza, Office 209, Eden Island, Mahe, Seychelles, and is overseen by the Seychelles Financial Services Authority (FSA), holding a Securities Dealer license with the number SD018.
 IC Markets (EU) Ltd |
 International Capital Markets Pty Ltd |
 Raw Trading Ltd |
 IC Markets Intl |
|
|---|---|---|---|---|
| Regulations | Cyprus CYSEC | Australia ASIC | Seychelles FSA | Bahamas SCB |
| Segregated Client Money | Yes | |||
| Investor Protection | ✔ | ✖ | ✖ | ✖ |
| Negative Balance Protection | Yes | |||
| Maximum Leverage | 1:30 | 1:500 | 1:500 | |
The Track Record of IC Markets
IC Markets has been in operation since 2007 and has built a strong reputation over the years. It has catered to the needs of traders globally, offering competitive spreads, advanced trading tools, and a range of tradable instruments. This extensive track record and global customer base add to the credibility of IC Markets.
Transparency Standards at IC Markets
Transparency is a crucial characteristic of a reliable broker. IC Markets consistently provides transparent information about their operations, including fee structures, trading conditions, and operational policies. Their comprehensive website, which is regularly updated, serves as an open book to all users.