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No Regulation
Score
1.31 /10
Danger
Fake IC Markets
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index5.48
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-20
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Company Name | Fake IC Markets |
| Registered Country/Area | United Kingdom |
| Founded Year | 2022 |
| Regulation | Unregulatory |
| Minimum Deposit | $0 |
| Maximum Leverage | 1:400 |
| Spreads | From 0.0 pips |
| Tradable Assets | Forex, ETFs, Shares, Indices, Currency indices, and Commodities |
| Customer Support | Email, phone |
| Deposit & Withdrawal | Visa, Mastercard, Bank transfer, MPESA, Paypal |
Fake IC Markets Information
Fake IC Markets is an unregulated brokerage company registered in the United Kingdom. This firm provides plenty of investment options with 24/7 customer support. Fake IC Markets gives commission-free trading on online stocks, ETFs, and options. However, there is limited information about account types on its website.
Pros and Cons
| Pros | Cons |
| A swath of investment options | No valid regulatory certificates |
| $0 commissions on online stock, ETF, and option trades | Limited information about account types and trading platform |
| Leverage options available (up to 1:400) | |
| 24/7 customer support | |
| Offering spreads from 0.0 pips |
Is Fake IC Markets Legit?
Fake IC Markets operates without regulation from any recognized financial authority. Engaging with an unregulated broker like Fake IC Markets carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on Fake IC Markets?
Every online brokerage is different in terms of what you can invest in. Fake IC Markets gives you plenty of options for investing. Depending on your goals and risk tolerance, you can invest in:
- Forex: 60+ currency pairs, including 14 major FX pairs
- Indices: major indices like US30, UK100 and GER30 from Monday to Friday
- ETFs: 100+ ETFs that track the performance of sectors including mining, energy, technology, bond markets, and retail
- Commodities: gold, silver, crude oils, natural gas
- Shares: offering extended market hours on US equities
- Currency indices: US Dollar Index, Euro Index, and Japanese Yen Index
A couple of things you won't see here are ETFs and bonds. Fake IC Markets doesn't offer either one.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Currency indices | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Fake IC Markets Fees
Investment fees can take a bite out of your returns. Fake IC Markets offers $0 commissions on online stock, ETF, and option trades for all new and existing clients. They offer spreads from 0.0 pips and swap rates of 2.5% in indices, commodity, and share trading. Furthermore, you'll have access to services such as real-time streaming quotes, and level II quotes for free.
| Feature | Fees |
| Spreads | From 0.0 pips |
| Swap rates | Indices/Commodities/Shares: 2.5% |
| Online equity trades | $0 |
| Minimum opening deposit | $0 |
| Access to real-time streaming quotes | Free |
| Access to Level II quotes | Free |
| Commission-free ETFs | ✔ |
Deposit and Withdrawal
Fake IC Markets provides five methods to transfer your money. Withdrawal forms received before 21:00 (GMT) will be processed the following day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Visa | N/A | No Commission | N/A |
| Mastercard | N/A | No Commission | N/A |
| Bank transfer | N/A | No Commission | N/A |
| MPESA | N/A | No Commission | N/A |
| Paypal | N/A | No Commission | N/A |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Visa | N/A | No Commission | N/A |
| Mastercard | N/A | No Commission | N/A |
| Bank transfer | N/A | No Commission | take 3-5 working days |
| MPESA | N/A | No Commission | N/A |
| Paypal | N/A | No Commission | N/A |
Customer Support Options
For any questions you might have, help is available 24/7 via email (info@icfinancemarkets.com), and phone (+44790099876).
| Contact Options | Details |
| Phone | +44790099876 |
| support@gottgloballtd.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 16 Abbotsbury Road, Morden England SM4 5LQ |
The Bottom Line
The main attractions of Fake IC Markets are the low-cost stocks and ETFs that allow investors to build diversified portfolios very quickly. However, its website lacks detailed information about account types and platforms. Furthermore, this firm is not regulated by a financial authority with strict standards.
FAQs
Is Fake IC Markets a regulated brokerage?
No, Fake IC Markets is not regulated by any reputable financial authority.
What account types does Fake IC Markets offer?
Unfortunately, its website does not provide detailed information about account types.
Does Fake IC Markets offer leveraged trading?
Yes, Fake IC Markets provides a leverage option, which is up to 1:400.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
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