Fake IC Markets

Fake IC Markets is a brokerage entity registered in Hong Kong that claims to operate under the name of the well-known forex broker IC Markets. According to internal records, the company was founded on August 27, 2021, and lists a United States address at 1182 Heather Dr, Lake Zurich, IL 60047. The broker’s official website, huiera.net, is no longer accessible, effectively shutting off a primary source of information for potential clients.

The broker’s registration in Hong Kong combined with a U.S. mailing address raises immediate jurisdictional questions. Traders should be aware that the company does not appear to be regulated by any recognized financial authority, despite listing the National Futures Association (NFA) on file. The NFA licence status is marked as empty, casting doubt on its validity.

Fake IC Markets lists the NFA as a regulator, specifically a Derivatives Trading License (AGN), based in the United States. However, the status of this licence is not provided, and no independent verification could be conducted due to the closure of the website. The NFA is a self-regulatory organization for the U.S. derivatives industry, but a legitimate AGN (Associate General Membership) is typically granted to firms that are not required to be registered with the CFTC. In this case, the empty status field suggests the licence may be unverified or potentially misrepresented.

The broker is described as unregulated in our internal records, and the combination of a Hong Kong registration with an unverifiable U.S. licence is a significant red flag. Traders should be extremely cautious when dealing with entities that cannot clearly demonstrate their regulatory standing.

No specific information is available about the account types or trading platforms offered by Fake IC Markets because its website is defunct. The broker’s social media presence on Facebook, Instagram, LinkedIn, and Twitter/X was noted, but these channels are not active or provide no details about services. Given the absence of a live web presence, it is impossible to assess the quality or legitimacy of any trading infrastructure.

Potential traders should assume that any claims about account tiers, spreads, or leverage are unsubstantiated. The lack of transparency alone makes this broker unsuitable for serious consideration.

As with account types, there is no publicly available information on the financial instruments that Fake IC Markets might offer. It is reasonable to assume, based on the name, that forex and CFDs would be the primary products, but this cannot be confirmed. Similarly, no details on deposit or withdrawal methods, processing times, or fees are accessible.

The inability to verify basic operational details such as funding options is a critical missing piece for any trader. Without this information, using the broker would involve substantial risk of losing funds without recourse.

Fake IC Markets carries a severe scam risk score of 85 out of 100 according to FXCanary’s assessment. This high score reflects the combination of an unverifiable regulatory licence, a closed website, and a registered address that does not align with its claimed jurisdiction. The broker appears to be an impersonation of the reputable IC Markets, a common tactic among fraudulent operators.

This broker is not suitable for any trader. Only those willing to accept the near-certain loss of their capital should consider engagement. The safest course of action is to avoid this entity entirely and seek regulated alternatives.