Brokers  /  IC Markets

IC Markets

Severe riskForex / CFD broker
🇸🇨 Seychelles · 5-10 years · since 2020-12-18 · IB of International Capital Markets Pty Ltd
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Independent ratingshow third parties score this broker
WikiFX1.53/10
Trustpilot/5
Forex Peace Army/5
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No sign that 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
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • Registered in Seychelles (offshore, light oversight)
  • 6 user exposure/complaint reports filed
  • Withdrawal complaints in ~83% of recent reviews
  • No verifiable website or social-media presence
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 age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)7510%

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 nameIB of International Capital Markets Pty Ltd
Headquarters🇸🇨 Seychelles
Founded2020-12-18
Years operating5-10 years
Employees0
Official websiteicmarketsaz.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

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making (MM)335692Australia

Review analysis AI

IC Markets presents a severe risk profile due to its unconfirmed ASIC licence, Seychelles registration, and lack of independent verification. The absence of credible web presence and user feedback compounds these concerns, making it unsuitable for most retail traders. FXCanary advises extreme caution and recommends thoroughly vetted, regulated alternatives.

Best for
  • high-risk tolerant traders
  • short-term scalping strategies (if confirmed)
Not for
  • beginner traders
  • risk-averse investors
  • traders requiring strong regulatory protection
Period:
What users complain about
Where reviewers are from
Hong Kong4
Pakistan1
Malaysia1
Positive vs negative · last 2 months Pos Neg
Sep
Mar

Real user reviews

Where IC Markets operates

Based on its licenses and complaint records.

🇦🇺 Australia Licensed
🇭🇰 Hong Kong 4 complaints
🇲🇾 Malaysia 1 complaint
🇵🇰 Pakistan 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About IC Markets

Company Overview

IC Markets operates under the trading name of IB of International Capital Markets Pty Ltd, a company registered in Seychelles. The entity was established on 18 December 2020, according to official records. It presents itself as a provider of financial trading services, though independent public information about its operations remains scarce.

The broker's official domain is icmarketsaz.com, which serves as its primary online presence. As an offshore-registered entity, IC Markets targets international clients, particularly those seeking access to leveraged forex and CFD markets.

Regulation and Licensing

IC Markets claims regulation by the Australian Securities and Investments Commission (ASIC), but the status of this licence is marked as inactive or unclear in industry databases. The company itself is registered in Seychelles, a jurisdiction known for less stringent oversight.

No other regulatory bodies are listed on file. Traders should exercise caution when dealing with firms that rely on offshore licensing, as investor protection mechanisms may be limited or absent. The absence of a confirmed active regulator significantly raises the risk profile.

Account Types and Trading Platforms

Based on available records, IC Markets does not disclose specific account tiers or platform offerings. Typical brokers in this space provide MetaTrader 4, MetaTrader 5, or proprietary platforms, but no such details are confirmed for this entity.

Prospective clients would need to consult the official website directly for information on account types, spreads, leverage, and execution models. However, the lack of transparent information in public registers is a potential red flag.

Available Instruments

The range of trading instruments is not specified in regulatory filings. IC Markets, as a retail forex and CFD broker, would typically offer currency pairs, indices, commodities, and cryptocurrencies, but these details remain unverified.

Without official confirmation, traders cannot assess the breadth of markets or the quality of liquidity. It is prudent to verify instrument availability directly with the broker before committing funds.

Funding and Withdrawal Methods

No information is available regarding deposit and withdrawal options for IC Markets. Common methods for offshore brokers include bank wire transfers, credit/debit cards, and e-wallets, but none are confirmed.

The lack of published payment details raises concerns about the ease and safety of funds transfers. Traders should demand clear fee schedules and processing times before any transaction.

Target Audience

IC Markets appears to cater to retail traders globally, particularly those seeking leveraged forex and CFD exposure. Its registration in Seychelles suggests an intention to serve clients from regions where local regulation is restrictive or where traders seek higher leverage.

However, the absence of robust licensing and transparency makes it more suitable for experienced traders who understand the risks of unregulated or offshore brokers. Beginners are strongly advised to avoid such entities due to the elevated risk of misconduct or financial loss.

Risk Warning

Our research assigns IC Markets a Scam Risk Score of 85 out of 100, indicating a severe level of concern. The combination of an unconfirmed regulator, recent incorporation, and lack of independent user reviews or operational details contributes to this high risk.

Trading with IC Markets carries significant risks, including potential loss of funds due to non-compliance, withdrawal issues, or outright fraud. We strongly recommend conducting extensive due diligence and considering regulated alternatives.

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