Fake IC Markets Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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ASIC Suspicious Clone 
icmarkets fault i now trade on xtiusd sell when my trade is one profit i am enable to close the trades in profit its shiw mesge the quotes suddenly after some minute my account wash plz check screenshot and refund my account with profit.
Fake IC Markets has emerged as a controversial entity in the forex trading landscape, with numerous reviews highlighting significant concerns regarding its legitimacy and operational practices. Many users have reported issues related to fund withdrawals, regulatory compliance, and overall trading experience. This review aims to synthesize the available information to provide a comprehensive overview of this broker's standing in 2025.
Note: It is crucial for traders to recognize that the various entities operating under the name "IC Markets" may differ significantly in terms of regulation and service quality. Therefore, due diligence is essential when considering engagement with any broker claiming affiliation with the legitimate IC Markets.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 3.0 |
| Tools and Resources | 4.0 |
| Customer Service and Support | 2.5 |
| Trading Setup (Experience) | 3.5 |
| Trustworthiness | 1.5 |
| User Experience | 2.0 |
How We Rate Brokers: Our ratings are based on user reviews, expert opinions, and factual data regarding the broker's operations.
Established in 2021, Fake IC Markets claims to offer a range of trading services, primarily targeting forex and CFD traders. The broker operates on various trading platforms, including MetaTrader 4 and 5, which are popular among traders for their user-friendly interfaces and extensive features. However, the legitimacy of Fake IC Markets has been called into question due to its lack of appropriate regulation and numerous complaints from users regarding withdrawal issues and service quality.
Fake IC Markets operates without proper regulatory oversight, raising significant red flags for potential investors. The Australian Securities and Investments Commission (ASIC) has not recognized this broker, and it is not listed among the regulated entities. This lack of regulation means that traders have little to no recourse in the event of disputes or issues with fund management.
The broker does not provide clear information regarding the currencies accepted for deposits and withdrawals, which adds to the uncertainty surrounding its operations. Traders should be cautious when dealing with brokers that do not offer transparent information on these critical aspects.
The minimum deposit requirement for opening an account with Fake IC Markets is reported to be around $200. However, given the broker's unregulated status, potential traders should weigh the risks associated with such an investment.
There is little to no information available regarding bonuses or promotions offered by Fake IC Markets. This lack of promotional offerings could be indicative of a broker that is more focused on securing deposits than providing value-added services to traders.
Fake IC Markets claims to offer a range of tradable assets, including forex pairs, commodities, and indices. However, the specifics regarding the number of available instruments and their associated costs are not clearly outlined, which is a common issue with unregulated brokers.
User reviews indicate that traders have experienced significant slippage and unclear fee structures, which can severely impact trading profitability. The lack of transparency regarding spreads and commissions is a significant concern, as it can lead to unexpected costs during trading.
Fake IC Markets advertises leverage ratios of up to 500:1. While high leverage can amplify gains, it also increases the risk of substantial losses, particularly for inexperienced traders. The absence of regulatory oversight makes these high leverage offerings particularly risky.
The broker supports popular trading platforms such as MetaTrader 4 and 5, which are widely regarded for their reliability and functionality. However, the overall trading experience may be compromised due to the broker's operational issues and lack of regulatory compliance.
Fake IC Markets does not provide services to several regions, including the United States and Canada. This restriction is common among unregulated brokers, which often seek to avoid scrutiny from regulatory bodies.
Customer service appears to be a significant pain point for Fake IC Markets, with many users reporting difficulties in reaching support and receiving timely responses. The lack of effective customer service can be detrimental to traders who need assistance with their accounts or trading issues.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 3.0 |
| Tools and Resources | 4.0 |
| Customer Service and Support | 2.5 |
| Trading Setup (Experience) | 3.5 |
| Trustworthiness | 1.5 |
| User Experience | 2.0 |
Account Conditions: The account conditions offered by Fake IC Markets are concerning, especially given the numerous complaints regarding withdrawal issues and lack of transparency in fees. Users have reported difficulties accessing their funds, which raises significant trust issues.
Tools and Resources: While the broker offers popular trading platforms like MetaTrader 4 and 5, the overall trading experience is marred by operational issues that have been reported by users. The tools available may not be sufficient to mitigate the risks associated with trading through an unregulated broker.
Customer Service and Support: The customer service experience with Fake IC Markets has been largely negative, with many users reporting unresponsive support and unresolved issues. This lack of effective communication can be detrimental for traders who require assistance.
Trading Setup (Experience): The trading experience is further compromised by the broker's lack of regulatory oversight and transparency regarding fees and spreads. Users have expressed frustration over unexpected costs and slippage during trading.
Trustworthiness: The trustworthiness of Fake IC Markets is significantly low due to its unregulated status and numerous user complaints. Traders should exercise extreme caution when considering this broker.
User Experience: Overall user experiences have been largely negative, with many traders reporting issues related to fund withdrawals and customer service. This paints a concerning picture for potential investors looking to engage with Fake IC Markets.
In conclusion, based on the information gathered in this fake IC Markets review, potential traders should approach this broker with caution. The lack of regulation, coupled with numerous user complaints, suggests that engaging with Fake IC Markets may pose significant risks to traders' investments. Always conduct thorough research and consider alternative, well-regulated brokers to safeguard your trading capital.
