Fake IC Markets

Fake IC Markets, operating under the legal name ICMarkets, is an entity registered in Australia with a claimed founding date of 21 August 2021. Its official domain is forexvery.com. However, our records indicate that this entity has no verifiable website or social-media presence, and it is flagged in industry watchdog records as a 'Fake Broker' and a clone or impersonator firm.

Given the absence of a functional website and the severe risk flags, independent public information about this broker is extremely limited. This lack of transparency is itself a significant caution sign for any trader considering engagement with this entity.

According to our records, Fake IC Markets lists one licence with the Australian Securities and Investments Commission (ASIC), under the licence number 335692, with a status that is not specified. The licence type is recorded as 'Market Making (MM)'. However, we were unable to verify this licence against the public register due to the lack of a functional website and the entity's status as a flagged impersonator.

It is important to note that the licence number provided in our records is the only one we can reference; we have not independently confirmed its validity. Traders should be extremely cautious when an entity claims regulatory oversight but offers no verifiable means to confirm it.

Because the official website is not accessible, we cannot confirm what products or services Fake IC Markets offers. The entity's name suggests a possible intention to impersonate the well-known broker IC Markets, which offers retail forex and CFD trading. However, without a live website or any verifiable marketing material, any description of its offerings would be speculative.

Our records show zero employees and no clone or impersonator sites found, which further complicates any attempt to characterise its operations. In the absence of concrete information, we cannot confirm whether this entity offers any trading services at all.

No information is available regarding account types, trading platforms, or minimum deposit requirements for Fake IC Markets. The lack of a website means there are no official disclosures about spreads, commissions, or leverage. Traders should treat any claims about such features with extreme suspicion, as they cannot be verified.

In our assessment, the absence of a transparent online presence is a major red flag. Legitimate brokers typically provide detailed information about their trading conditions; the absence here suggests either a non-operational entity or one that is deliberately obscuring its details.

There is no verifiable information about funding methods or withdrawal processes for Fake IC Markets. Without a website or customer support channels, we cannot confirm how clients would deposit or withdraw funds. This is particularly concerning because a lack of clear payment procedures is often associated with fraudulent operations.

We strongly advise against providing any personal or financial information to this entity until its legitimacy can be established. The risk of financial loss is high given the severe scam risk score assigned by our records.

Given the entity's name and the attempt to mimic a known broker, it may be targeting retail forex and CFD traders who are familiar with the IC Markets brand. However, because the website is not operational, we cannot confirm any specific marketing strategy or target demographic.

In FXCanary's assessment, any trader who encounters this entity should treat it as a potential impersonation attempt. The safest course is to avoid engagement entirely and to verify any broker's credentials through official regulatory channels before depositing funds.