SeychellesRegulationASIC, CySEC, FSA(SC)
Min. deposit$200
Leverage1:1 – 1:1000
PlatformsMT4, MT5, cTrader, TradingView
InstrumentsForex & CFDs
Founded2007
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at IC Markets.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
No FCA entity
UK retail goes to Seychelles (Raw Trading Ltd); the EU passport was cancelled in Dec 2023European Union
Regulated by CySECMarket maker
IC Markets (EU) Ltd (362/18) — ICF up to €20,000United States
Doesn't serve the US
ExcludedAustralia
Regulated by ASICMarket maker
International Capital Markets Pty Ltd (AFSL 335692) — no compensation schemeRest of the world
OFFSHORE entitySTP
Raw Trading Ltd 'IC Markets Global' (Seychelles, SD018) — no compensationAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Standardall in the spread (~1.0 pip)
Raw Spread (MT4/MT5)0.0 pip + $3.5/side
Raw Spread (cTrader)0.0 pip + $3/side
Pros
✓Top-tier regulation
✓Smooth withdrawals
✓Funds with compensation scheme
✓Competitive costs
Cons
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Top tier22/22 pts
Why: ASIC + CySEC (icmarkets.com/company/regulation)
Withdrawals / payments: Clean20/20 pts
Why: reliable, no systemic delays (traderspartner/fofan)
Fund safety: Full (with compensation)15/15 pts
Why: segregated + negative balance + EU ICF up to EUR20k
Transparency: With caveats5/10 pts
Why: clear raw spread, BUT CySEC fined (€200k 2024) for routing EU clients to an offshore entity to bypass the 1:30 limit (appealing)
Reputation: Mixed5/10 pts
Why: 2007, BUT CySEC fines (EUR50k 2024 + EUR200k) + AU class action over CFDs
Costs: Competitive8/8 pts
Why: raw spreads, among the cheapest
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 ASIC registration — AFSL 335692🔗 CySEC registration — IC Markets EU (362/18)🔗 IC Markets regulation pageTrader reviews
Real experiences with IC Markets. Comments go through moderation before being published.
No reviews yet. Be the first.