Raw Trading Ltd

Raw Trading Ltd is the corporate entity behind the IC brand, operating the website icmarkets.sc. The company is registered in Seychelles, a jurisdiction known for offshore financial services. According to our records, the firm is licensed by the Seychelles Financial Services Authority (FSA) as a Securities Dealer, with licence, and the licence status is listed as Licensed.

The exact founding date of Raw Trading Ltd is not recorded in our files. However, the IC brand has been active in the forex industry for many years, with a strong presence in the retail trading space. The Seychelles registration places the broker under the oversight of the FSA, which is the autonomous regulatory body for non-bank financial services in the country.

The broker holds one licence from the FSA Seychelles, which is a securities dealer licence. The licence number is, and it is currently listed as Licensed. This regulatory framework is based on the Financial Services Authority Act, 2013, which established the FSA as the regulator for financial markets in Seychelles.

It is important to note that Seychelles is considered an offshore jurisdiction with lighter regulatory oversight compared to major financial centres like the UK or Australia. While the FSA licence provides a baseline of compliance, it does not offer the same level of investor protection as, for example, the FCA in the UK or ASIC in Australia. Traders should be aware of this distinction when considering the broker.

IC offers a range of account types designed to suit different trading styles and experience levels. The Raw Pro+ and Raw Pro accounts are geared towards traders who want low spreads with a per-lot commission. The Raw Spread accounts, available on both MetaTrader and cTrader, offer spreads from 0.0 pips with a commission structure. A Standard account is also available, which typically has no commission but wider spreads.

According to the broker's website, the Raw Spread account on MetaTrader has a commission of $3.5 per lot per side, while the cTrader version charges $3.0 per USD 100k. The Raw Pro accounts have lower commissions but may have different spread characteristics. These account types are designed to cater to scalpers, day traders, and algorithmic traders who demand tight pricing.

The broker supports MetaTrader 4, MetaTrader 5, cTrader, and TradingView, giving traders a choice of industry-standard platforms. The website highlights fast execution speeds, with an average execution time of under 40ms, and low-latency connectivity. IC also mentions that its servers are located in Equinix NY4 data centres, which is a common choice for forex brokers.

In terms of instruments, IC offers forex trading across 61 currency pairs, as well as indices CFDs and other products. The broker claims to provide deep liquidity and tight spreads, with pricing sourced from over 25 different providers. This range of instruments and platforms makes it suitable for traders looking for a multi-asset trading environment.

IC positions itself as a broker for active traders, including scalpers, day traders, and those using expert advisors (EAs). The low spreads and fast execution are particularly appealing to these groups. The broker also offers a range of account types to accommodate different capital levels and trading strategies.

However, the Seychelles registration and the lack of a verifiable website presence beyond the official domain may be a consideration for some traders. The broker's risk score in our assessment is 40/100, which is 'Guarded', reflecting the offshore regulatory environment and the limited independent information available. Traders should weigh these factors when deciding whether to trade with IC.

Our review found that the web results for Raw Trading Ltd are consistent with the official domain icmarkets.sc and the FSA Seychelles regulator. However, there are no independent user reviews or third-party verifications available for this specific entity. This is not uncommon for brokers operating under offshore licences, but it does mean that traders have less external information to rely on.

We cross-checked the licence against our records, and it matches the FSA Seychelles register. The broker's website provides detailed information about its accounts and services, but traders should always conduct their own due diligence. The absence of independent reviews is a factor to consider, but it does not necessarily indicate a problem.

In summary, Raw Trading Ltd, operating as IC, is a retail forex and CFD broker registered in Seychelles with an FSA licence. It offers a range of account types, multiple trading platforms, and access to a variety of markets. The broker is aimed at active traders who value tight spreads and fast execution.

While the regulatory oversight is offshore and lighter than in major jurisdictions, the broker appears to operate transparently on its official website. Traders should be aware of the risks associated with offshore regulation and the lack of independent reviews. As always, it is advisable to start with a demo account and only risk capital you can afford to lose.