IC Markets

IC Markets, operating under the domain 9pfx.com, is a financial entity registered in China with a foundation date of 21 June 2021. The broker presents itself under the widely recognized name 'IC Markets', which is also the name of a well-established Australian forex broker. However, the domain and registration details point to a distinct entity with no connection to the known global brand.

In FXCanary's assessment, the information publicly available about this broker is extremely limited. The entity does not appear on any major regulatory register, and no official website could be accessed to verify its claimed offerings. This lack of transparency is a significant red flag for potential traders.

According to our records, IC Markets (9pfx.com) holds no known regulatory licences from any reputable financial authority. The absence of oversight from bodies such as the FCA, ASIC, CySEC, or any other Tier-1 or Tier-2 regulator is a critical concern.

Regulatory oversight is the cornerstone of trader protection, ensuring adherence to capital requirements, segregation of client funds, and dispute resolution mechanisms. Without a licence, traders using this entity have no recourse in the event of disputes or financial loss.

The FXCanary Scam Risk Score for IC Markets stands at a severe 85 out of 100, indicating a high likelihood of risk. This score is driven by the combination of no regulatory oversight, a recently established entity with no public track record, and a domain name that may be confused with a legitimate broker.

Traders should exercise extreme caution. The lack of verifiable information and the association with a high-risk profile suggest that this entity may be operating as a 'clone' or 'look-alike' broker, a common tactic in the forex industry to mislead unsuspecting clients.

Due to the absence of an accessible official website or reliable third-party sources, no specific details about trading conditions, account types, platforms, or instruments are available. It is unknown whether IC Markets offers fixed or variable spreads, leverage options, or access to popular trading platforms like MetaTrader 4 or 5.

Industry databases and aggregated industry data do not list any account tiers or fee structures for this entity. This total lack of transparency makes it impossible for traders to assess whether the broker's offerings are competitive or even legitimate.

No information is available regarding how client funds are handled, whether they are held in segregated accounts, or what deposit and withdrawal methods are accepted. In the absence of regulation, there are no guarantees that client money is protected.

For any regulated broker, segregation of client funds is a mandatory requirement. The silence on this matter from IC Markets is a strong indicator that traders' funds may be at risk.

In summary, IC Markets (9pfx.com) is a newly registered Chinese entity that raises numerous red flags due to its lack of regulation, limited public presence, and the use of a name similar to a reputable broker. Traders are strongly advised to avoid this entity and instead choose a fully regulated broker with a proven track record.

The information provided in this profile is based solely on the known facts from regulatory records. As more information becomes available, this assessment will be updated accordingly.