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Regarding the legitimacy of IC Markets forex brokers, it provides a comprehensive investigation into the security aspects of regulatory FSA,ASIC,CYSEC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Risk Control

Risk Manage

License

CYSEC Suspicious Clone

Is IC Markets safe?

The regulatory license is the strongest proof.

Retail FX

FSA Retail Forex License

The Seychelles Financial Services Authority

The Seychelles Financial Services Authority

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    Raw Trading Ltd Raw Trading Ltd
  • Effective Date:

    --
  • Email Address of Licensed Institution:

    compliancesc@icmarkets.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    https://www.icmarkets.sc, https://www.icmarkets.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    Eden House, Floor, Eden Island, Mahe, Seychelles
  • Phone Number of Licensed Institution:

    (+248) 4346816
  • Licensed Institution Certified Documents:

11 name
MM

ASIC Market Making(MM)

Australia Securities & Investment Commission

Australia Securities & Investment Commission

Regulatory Agencies Introduction
  • Current Status:

    Suspicious Clone
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    INTERNATIONAL CAPITAL MARKETS PTY. LTD. INTERNATIONAL CAPITAL MARKETS PTY. LTD.
  • Effective Date: Change Record

    2009-07-02
  • Email Address of Licensed Institution:

    compliance@icmarkets.com.au
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    INTERNATIONAL CAPITAL MARKETS PTY U 2 L 6 50 CARRINGTON ST SYDNEY NSW 2000 AUSTRALIA
  • Phone Number of Licensed Institution:

    0280144280
  • Licensed Institution Certified Documents:

11 name
MM

CYSEC Market Making(MM) 20

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Suspicious Clone
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    IC Markets (EU) Ltd IC Markets (EU) Ltd
  • Effective Date:

    2018-06-25
  • Email Address of Licensed Institution:

    compliance@icmarkets.eu
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.icmarkets.eu
  • Expiration Time:

    --
  • Address of Licensed Institution:

    86 Franklinou Roosvelt, 4th floor, Office 401, 3011 Omonoia, Limassol, Cyprus
  • Phone Number of Licensed Institution:

    +357 25 761 455
  • Licensed Institution Certified Documents:

11 name

Is IC Markets a scam, or is it legit?

The latest exposure and evaluation content of IC Markets brokers.

Scam? Terrible servers
Ever since I opened an account with Raw Trading's ICMarkets I have had nothing but issues with an EA running on VPS. There is constant disconnections to the datacenter which would cause the EA to lose on important information. There servers are extremely unstable and so are their spreads, at one point I saw spreads go to 39 on XAUUSD this is when I had a lot of orders placed too which in turn also caused my margin to hit 50%They claimed that the metaquotes tick data was the same as their servers that show on the history center. You can see in the screen shot it has DAYS of missing data.Using Dukascopy tick data and running a backtest shows bars that IC Markets does not show and it caused the EA to place orders when it shouldnt. The backtest showed the orders closing before a major loss but with IC Markets that is not the case. I also have a friend with the exact same EA and configuration as my self and it did not place these crazy orders like on IC Markets.If you are thinking of using EA with this broker forget it.
IC Markets SC-Live 09 server July 7, 2023 The missing K-line for U.S. Non-Farm Employment Rate. How many people lost their positions because of this.
IC Markets SC-Live 09 server July 7, 2023 The missing K-line for U.S. Non-Farm Employment Rate. How many people lost their positions because of this.Timeis on July 7, 2023 15:25-15:41.
According to the platform's real-time quotation transaction, the platform said that there was a problem with the data provided by the data stream supplier when withdrawing funds。 They denied the quotation transaction at that time, and just deducted the customer's income
From 6:00 am to 8:00 am on April 24, 2023, I traded according to the real-time quotation data of the platform, and made a profit of 5302.56 US dollars. When withdrawing funds, the platform said that there was a problem with the data provided by the data stream provider, denied the quotation at that time, and lost my profit of 5302.56 US dollars. Debited directly from the account. If the situation is a problem with the data flow provider, it should be resolved between the platform and the data flow provider, and the customer should not be responsible for the result. It is seriously suspected that the platform tampered with the quotation data without authorization, and did not settle with the customer according to the displayed quotation. Claims compensation of $5302.56.
Serious slippage. It has rea hed 9 dollars
On May 5, 2023, both transactions experienced serious slippage, one slipped $8.83, and the other slipped $8.88, resulting in a loss of $132.2 in the account, and then the platform only made up $132.2 to reset the account to zero. No compensation has been made other than that.
IC Markets's latest industry rating score is 4.57, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. IC Markets If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.