Fake IC Markets Deposit & Withdrawal

When we set out to review Fake IC Markets, trading under the legal name ICMarkets and operating from the domain forexvery.com, we expected to find a trail of user experiences, payment screenshots, and withdrawal reports. Instead, our research returned almost nothing. This broker has no independent user reviews, no verifiable social-media presence, and no public track record of deposits or withdrawals. For a trader considering sending money to this firm, that silence is itself a warning.

In this dedicated funding review, we focus exclusively on what can and cannot be verified about deposits and withdrawals at Fake IC Markets. We cross-checked the company's registration details against public records and found a single ASIC licence on file, number 335692, with a status that is not published in our records. However, our risk assessment flags this entity as a 'Fake Broker' in industry watchdog records and identifies it as a clone or impersonator firm. That means the licence number may not actually belong to the entity operating forexvery.com, and any claims about regulated funding protections should be treated with extreme caution.

Fake IC Markets is registered in Australia and lists ASIC as its regulator, with one licence on file. The licence number we have on record is 335692, and we note that the status field is blank in our records. In normal circumstances, an ASIC-regulated broker must hold client money in segregated accounts and comply with strict reporting requirements. But here's the critical issue: our records also show that this entity has been flagged as a clone or impersonator firm. In practice, that means the real ASIC licence may belong to a completely different company, and the operators of forexvery.com may simply be borrowing a legitimate registration number to appear trustworthy.

For funding purposes, this distinction is everything. If you deposit with a genuinely ASIC-regulated broker, your funds are protected by Australian client-money rules and you have recourse to the Australian Financial Complaints Authority (AFCA) in the event of a dispute. If you deposit with a clone that is merely using a licence number, you have no such protection. Your money would be held by an unregulated entity, and any dispute would likely be outside the reach of Australian regulators. We cannot confirm which situation applies to Fake IC Markets, but the risk flags in our records strongly suggest the latter.

Our review of the available information found no specific disclosure of deposit methods for Fake IC Markets. The broker's own website, forexvery.com, does not appear to publish a clear list of accepted payment options, processing times, or minimum deposit amounts. This is unusual for a legitimate broker, which typically provides a detailed funding page to reassure clients. The absence of such information is a red flag, as it suggests the operators may prefer to handle payment arrangements on a case-by-case basis, often through less traceable channels.

In the absence of official disclosures, we cannot confirm whether Fake IC Markets accepts bank transfers, credit cards, e-wallets, or cryptocurrencies. We also cannot verify any minimum deposit figures. Our advice to any trader considering this broker is to treat any payment method that is not clearly documented on the official website with suspicion. Legitimate brokers publish their accepted methods and fees in advance. If you are asked to send funds via a personal bank account, a cryptocurrency wallet, or any method that bypasses the broker's own payment processing, that is a significant warning sign.

The single most important test of any broker is whether it actually pays out withdrawals. For Fake IC Markets, there is no independent evidence that any client has ever successfully withdrawn funds. There are no user reviews, no forum posts, no social media testimonials, and no third-party verification of a single payout. In the absence of any track record, we cannot say that withdrawals are impossible, but we can say that there is no evidence they are possible.

This is precisely the scenario that should give a cautious trader pause. Scam brokers often allow small deposits to go through without issue, building a false sense of security, only to block or delay withdrawals once a client requests a larger sum. They may also demand additional 'fees' or 'taxes' before releasing funds, a classic advance-fee fraud pattern. Without any independent withdrawal reports, we cannot confirm whether Fake IC Markets engages in such practices, but the risk profile is consistent with that behaviour. Our recommendation is to assume that any withdrawal request may be met with delays, additional charges, or outright refusal, and to plan accordingly.

Given the severe risk score of 85/100 and the multiple risk flags, our standard advice would be to avoid this broker entirely. However, we recognise that some traders may still choose to proceed, perhaps because they have already been contacted by the firm or are attracted by promises of high returns. If you do decide to fund an account with Fake IC Markets, we strongly urge you to take the following precautions. First, start with the absolute minimum deposit you are willing to lose. Do not send money you cannot afford to lose, because the probability of losing it is high.

Second, test the withdrawal process early and with a small amount. A legitimate broker will process a small withdrawal without issue. If you encounter delays, requests for additional documentation, or demands for extra fees, that is your cue to stop.

Third, keep detailed records of every transaction, including bank statements, payment confirmations, and any communication with the broker. These records may be essential if you need to report the broker to authorities or attempt to recover funds. Finally, consider using a payment method that offers some form of chargeback protection, such as a credit card, rather than a wire transfer or cryptocurrency, which are typically irreversible.

Our records indicate that Fake IC Markets has been identified as a clone or impersonator firm. This is a serious concern that directly affects funding. Clone brokers typically take a legitimate company's name, registration number, and sometimes even its website design, and use them to lure clients. The real company has no connection to the clone, and any money sent to the clone is lost. In this case, the official domain forexvery.com does not match the domain of any legitimate IC Markets entity we are aware of, which further supports the clone theory.

If Fake IC Markets is indeed a clone, then the ASIC licence number 335692 on file likely belongs to a different, legitimate company. That company would have no responsibility for the operations of forexvery.com, and any client funds sent to the clone would not be protected by ASIC's client-money rules. This is why we cannot overstate the importance of verifying the broker's identity before sending any funds. Check the official ASIC register yourself, look for the exact domain and contact details, and be wary of any discrepancies. If the broker's website does not clearly display the same licence number and legal name as the register, do not deposit.

In our review, we found no published information about deposit or withdrawal fees, processing times, or minimum transaction amounts for Fake IC Markets. This lack of transparency is itself a red flag. Legitimate brokers are required to disclose such details in their terms and conditions or on their websites. The absence of this information means you cannot plan your funding costs or anticipate how long funds will take to arrive. It also means the broker could impose arbitrary fees or delays at any point.

We attempted to find this information through web searches, but the results did not clearly match this specific broker, and we could not verify any figures. As a result, we must state plainly that the fee structure and processing times are not disclosed in our records. If you are considering this broker, we recommend asking for written confirmation of all fees and processing times before depositing. If the broker cannot or will not provide this information, that is a strong indication that they are not operating in good faith.

In our assessment, the most telling finding about Fake IC Markets is not what we found, but what we did not find. There is no independent verification of deposits, withdrawals, or any successful trading experience. There is no verifiable website content beyond the bare minimum, and no social media presence. Combined with the risk flags for being a fake broker and a clone, the picture is deeply concerning. For a trader, this means that any money sent to this broker is at high risk of being lost.

Our final advice is to avoid Fake IC Markets altogether. If you have already deposited funds, we urge you to attempt a withdrawal immediately and to document every step. If you are unable to withdraw, report the broker to the Australian Securities and Investments Commission (ASIC) and to your local financial regulator. Remember, in the world of forex trading, the absence of evidence is often the evidence. When a broker cannot demonstrate a clean track record, the safest assumption is that it is not safe to trust.