Report a scam Find my broker
Brokers  /  Fake IC Markets

Fake IC Markets

Severe riskForex / CFD broker
🇺🇸 United States · 2-5 years · since 2021-12-31 · IC BUSINESS ASSOCIATES LIMITED
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +)
Max leverage ›
3
Account types ›
85/100
Scam risk ›
0
Clone sites ›
Accounts: StocksStandardMini
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.49/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Fake IC Markets? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
No sign that Fake IC Markets actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
85
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age4515%
Clone / impersonation10012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameIC BUSINESS ASSOCIATES LIMITED
Headquarters🇺🇸 United States
Founded2021-12-31
Years operating2-5 years
Employees0
Official websiteihuiera.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
1182 Heather Dr, Lake Zurich IL 60047 United States

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Stocks--------✓
Standard1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +)--from 1--✓
Mini1:1 to 1:888 ($5 – $20,000) 1:1 to 1:200 ($20,001 - $100,000) 1:1 to 1:100 ($100,001 +)--from 1--✓

Review analysis AI

Fake IC Markets operates without any known regulatory license from a financial authority. The broker offers high leverage up to 1:888, which is typical of unregulated offshore brokers. Combined with limited public information and a high FXCanary Scam Risk Score of 85/100, this broker presents a severe risk to traders.

0
Period:

Real user reviews

Similar brokers

Lear Capital
United States · TP 4.7
Severe ⇄ Compare with Fake IC Markets
FOREX.com
United States · TP 4.6
Low risk ⇄ Compare with Fake IC Markets
Fidelity
United States · TP 1.3
Severe ⇄ Compare with Fake IC Markets
Robinhood
United States · TP 1.2
Severe ⇄ Compare with Fake IC Markets

About Fake IC Markets

Overview

Fake IC Markets is a US-based brokerage founded on December 31, 2021. According to its registration details, it is headquartered at 1182 Heather Dr, Lake Zurich, IL 60047. The broker presents itself as a provider of multi-asset trading services, including forex and CFDs, through standard and mini account options.

Regulation and Safety

As per the available records, Fake IC Markets does not hold any known regulatory licenses from major financial authorities. The absence of oversight from bodies such as the FCA, ASIC, or CySEC is a significant risk factor. Traders should exercise caution when considering unregulated brokers.

Account Types

The broker offers three account types: Stocks, Standard, and Mini. The Standard and Mini accounts feature dynamic leverage based on account balance: up to 1:888 for balances between $5 and $20,000; up to 1:200 for balances between $20,001 and $100,000; and up to 1:100 for balances exceeding $100,001. Minimum deposit requirements are not disclosed in the known records.

Trading Platforms

No information regarding trading platforms (e.g., MetaTrader 4/5, cTrader) is available from the known facts. The broker's website (ihuiera.com) may provide further details, but it was not independently verified.

Instruments

The range of tradable instruments is not specified in the available records. The account named 'Stocks' suggests equity trading, but details are limited.

Social Media

Fake IC Markets maintains a presence on Facebook, Instagram, and Twitter/X. However, the extent of their activity and client engagement is not assessed due to the lack of independent review.

Suitability

Given the lack of regulatory oversight and limited public information, Fake IC Markets is not recommended for risk-averse traders. The high leverage and unknown operational history make it a high-risk choice.

Overview compiled by FXCanary from regulatory records and public data. full Fake IC Markets review