Score

1.46 /10
Danger

IC Markets

Seychelles

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.60

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

IB of International Capital Markets Pty Ltd

Company Abbreviation

IC Markets

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-09-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 335692) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
IC Markets · Company summary

Note: IC Markets is to operate via the website - https://www.icmarketsaz.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

IC Markets, a trading name of IB of International Capital Markets Pty Ltd, is allegedly a financial service company registered in Seychelles.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.

As for regulation, it has been verified that Australia Securities & Investment Commission (ASIC) license held by IC Markets is a suspicious clone. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.34/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Customer Support

Unluckily, we didn‘t find any useful information about IC Markets’ customer support on the Internet. Generally, regulated brokers will reveal their telephone numbers, email or company address to let their clients get in touch with them.

Pros & Cons

Pros Cons
N/A • Suspicious clone
• Website inaccessible

Frequently Asked Questions (FAQs)

Q 1: Is IC Markets regulated?
A 1: No. It has been verified that IC Markets currently has no valid regulation.
Q 2: Is IC Markets a good broker for beginners?
A 2: No. IC Markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

News

NewsSilver Price Analysis: XAG/USD crosses support-turned-resistance above $23.00

Silver (XAG/USD) takes the bids to renew daily high around $23.25 during Thursdays Asian session.

WikiFX
2022-05-05 09:44
Silver Price Analysis: XAG/USD crosses support-turned-resistance above $23.00

User Reviews

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User comment

2

Comments

Write a review

潜龙勿用20773
more than one year
I had a run-in with them, and let me tell you, it wasn't pretty. They tried to lure me in with promises of big profits and low fees, but I saw through their BS and refused to hand over my hard-earned cash. Bottom line: stay away from IC Markets if you value your money. They are so gonna steal your money.
I had a run-in with them, and let me tell you, it wasn't pretty. They tried to lure me in with promises of big profits and low fees, but I saw through their BS and refused to hand over my hard-earned cash. Bottom line: stay away from IC Markets if you value your money. They are so gonna steal your money.
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2023-03-29 10:24
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FX1090816355
more than one year
Total scam, same as most, most of what I've read on here is exactly what has happened to me. I lost 2,000 dollars and they have no contact details. I will be informing & reporting this as fraud to the police as this is blatant fraud.
Total scam, same as most, most of what I've read on here is exactly what has happened to me. I lost 2,000 dollars and they have no contact details. I will be informing & reporting this as fraud to the police as this is blatant fraud.
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2022-12-06 17:49
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