Regulatory registration and eligibility to open an account are separate checks.
IC Markets
IC Markets (EU) Ltd
CySEC · 362/18
Matched to regulator records · Status wording: see source
Public entity/licence records grouped by the regulator’s country.
This does not establish resident eligibility. Check the contracting entity and access conditions separately.
Scope, limitations and evidence ↗ · 2026-09-12The comparison or profile below also includes brand-wide information. It may not all apply to the entities above.
Cyprus · CYSEC
Only documents for this country/regulator. Account-opening approval remains a separate check.
Not confirmed for this scope Finder →
Trading terms are not yet recorded for this scope. This does not mean unavailable or free.
Match the legal name, account type and current charges to your agreement.
These preserved records are not restricted to the selected entity. Do not apply another entity’s terms to the entity above.
IC Markets operates through 3 legal entities recorded in the current FXVeritas research file across Australia, Cyprus, and Seychelles.
Official website snapshot
Requested: icmarkets.com
Captured from: ic.com/en
Captured: Sep 8, 2026
Research file review:
Latest source check:
Brand-wide research records
Provider licence disclosure
Raw Trading Ltd
The former global regulation URL redirects to ic.com. It names Raw Trading Ltd, company 8419879-1, and securities-dealer licence SD018. The provider lists segregated funds; this does not transfer EU protections to this entity.
Sources and scope →Client-protection evidence
IC Markets (EU) Ltd
IC Markets (EU) Ltd states that negative balance protection applies to retail clients, not professionals. Its FAQ also excludes professional clients from the Investor Compensation Fund. Eligibility is entity- and client-category-specific.
Sources and scope →3 of 3 licence records have been checked against regulator information.
Companies within the same brand can have different regulation and protections.
ASIC
CySEC
ASIC current AFS extract 202609 matches AFSL 335692 to INTERNATIONAL CAPITAL MARKETS PTY. LTD., start 02/07/2009. Live Professional Registers Search UI was not opened.
Find the exact company named in your agreement, then read its number, permissions and supporting evidence.
What the sources show →Read the research sources Read entity-level evidence →Based on published research · This describes our research coverage. It does not guarantee current validity, safety or applicability to you.
The brand and contracting company may differ. This list does not recommend a contracting entity based on your residence.
3 entity records
Confirmed residency evidence and an exact legal-entity route are both required. Account approval and product access remain subject to the entity’s terms.
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Check your exact residence in Broker FinderFrom the current research file.
3
Legal entities in research file
3/3
Verified licences in research file
Varies by entity
Client protection
5
Official-source conflicts
Aug 23, 2026
Last checked
Active
Research coverage
Catalog-applicable comparison currently records 2 entities and 1 of 2 licences as verified. Research-file totals above can be larger.
Check the contracting entity and current terms on the official website before applying. A website link does not confirm account approval.
IC Markets is a brand used by three companies isolated in this record: International Capital Markets Pty Ltd (Australia), IC Markets (EU) Ltd (Cyprus), and Raw Trading Ltd (Seychelles).
Official sites map Australia to the ASIC company, EEA visitors of icmarkets.eu to the CySEC CIF, and the global regulation page to Raw Trading Ltd.
From the full research file on record.
The catalog-applicable comparison scope is narrower, so its counts can be lower. Neither figure contradicts the other.
Research confidence
Research completeness/source coverage; not broker safety or suitability.
Licence verification
3 regulator-registers confirmed
3 licences recorded
Primary sources
Research file review
Latest source check
Outstanding issues
Researched by FXVeritas Research Desk · Evidence standard: Primary-source verification · Research evidence methodology · Editorial independence · Corrections policy
Editorial summary from the research file. Recorded answers follow below.
IC Markets is a brand used by three companies isolated in this record: International Capital Markets Pty Ltd (Australia), IC Markets (EU) Ltd (Cyprus), and Raw Trading Ltd (Seychelles).
Official sites map Australia to the ASIC company, EEA visitors of icmarkets.eu to the CySEC CIF, and the global regulation page to Raw Trading Ltd.
Brand is not a licence. Each legal entity is listed with the current licence record(s) isolated for that entity.
IC Markets
Current licence evidence
Research-file sourceASIC register
Research-file sourceCySEC register
Research-file sourceFinancial Services Authority (Seychelles) register
Only regions named on an official page or legal document. A site loading is not acceptance.
Users of icmarkets.com.au legal/regulation pages
International Capital Markets Pty Ltd
ASIC · 335692
Region
Users of icmarkets.com.au legal/regulation pages
Legal entity
International Capital Markets Pty Ltd
Regulator / licence
ASIC · 335692
EvidenceAU regulation page and Account Terms are issued for International Capital Markets Pty Ltd only.
Users of icmarkets.eu / CySEC-approved domain
IC Markets (EU) Ltd
CySEC · 362/18
Region
Users of icmarkets.eu / CySEC-approved domain
Legal entity
IC Markets (EU) Ltd
Regulator / licence
CySEC · 362/18
EvidenceEU regulation page and CySEC register: IC Markets (EU) Ltd; approved domains www.icmarkets.eu and https://www.ic.com/eu.
Users of icmarkets.com/global regulation page
Raw Trading Ltd
FSA Seychelles · SD018
Region
Users of icmarkets.com/global regulation page
Legal entity
Raw Trading Ltd
Regulator / licence
FSA Seychelles · SD018
EvidenceGlobal regulation page names Raw Trading Ltd / SD018 as the authorised securities dealer.
Withdrawn, revoked, or closed retail authorisations. Not current onboarding licences.
No historical licence row was isolated.
Dated events from official pages or registers. Incidents are historical records, not current licence status.
2016-06-15
IC Markets (EU) Ltd incorporated in Cyprus (official FAQ).
Incorporation
2018-06-25
CySEC licence 362/18 issued; official FAQ says regulated operations started that day.
Licence
Shown per legal entity. Group-wide claims are not used.
Advertised figures only. Observed spreads were not measured. Marketing ECN/STP is not treated as the legal model.
| Account | Minimum deposit | Spread | Commission | Leverage | Margin / stop-out | Swap / Islamic | Execution type |
|---|---|---|---|---|---|---|---|
Raw Spread Entity scope: Advertised on icmarkets.com/global; Seychelles entity context | Account overview table: $0. Start-forex page on the same global site: $200. Official conflict. | Advertised minimum spread: 0.0 pipsAdvertised typical spread: EURUSD 0.1 pips advertised average 24/5 | $3.50 per lot per side ($7.00 round turn) on MetaTrader | Account overview / Raw Spread page: 1:5000. Start-forex page: up to 1:1000. Official conflict. | Not recordedStop out: 50% | Swaps: Swap-free accounts listed as available on the comparison tableIslamic: Swap-free listed; eligibility not opened as a legal policy | Advertised no dealing desk, ESP from providers, no requotes. Marketing, not a legal model. |
Standard Entity scope: Advertised on icmarkets.com/global | $0 on account overview; $200 on start-forex page | Advertised minimum spread: 0.8 pipsNot recorded | $0 | 1:5000 on Standard page / overview; 1:1000 on start-forex page | Not recordedStop out: 50% | Swaps: Swap-free listed on comparison tableIslamic: Swap-free listed | Advertised raw pricing environment; marketing |
Raw Spread (cTrader / TradingView) Entity scope: Advertised on global account overview | $0 | Advertised minimum spread: 0 pipsNot recorded | $3.0 per USD 100k | 1:1000 | Not recordedStop out: 50% | Swaps: Swap-free listedIslamic: Swap-free listed | unknown legally |
Raw Pro Entity scope: Advertised as NEW on global account overview; early access | $5,000 | Advertised minimum spread: 0.0 pipsNot recorded | $1.5 per lot per side ($3.0 round turn) | 1:5000 | Not recordedStop out: 50% | Swaps: Swap-free listedIslamic: Swap-free listed | unknown legally |
Raw Pro+ Entity scope: Advertised as NEW on global account overview; early access | $100,000 | Advertised minimum spread: 0.0 pipsNot recorded | $1.0 per lot per side ($2.0 round turn) | 1:5000 | Not recordedStop out: 50% | Swaps: Swap-free listedIslamic: Swap-free listed | unknown legally |
Entity scope: Advertised on icmarkets.com/global; Seychelles entity context
Entity scope: Advertised on icmarkets.com/global
Entity scope: Advertised on global account overview
Entity scope: Advertised as NEW on global account overview; early access
Entity scope: Advertised as NEW on global account overview; early access
Legal documents first. Advertised ECN, STP, or NDD is not certified unless a legal policy confirms it.
Recorded policies
slippage
Homepage marketing: reduced slippage. Not a legal guarantee.
requotes
Global marketing: no requotes. Not found as a legal guarantee.
last_look
unknown
stop_loss
Global Raw Spread page: no minimum order distance; freeze level 0; stops may be placed at market. Marketing/product page, not AU legal terms.
negative_pricing
AU legal: retail NBP; wholesale discretionary. Global NBP not stated on opened regulation page.
abnormal_markets
unknown from opened Seychelles pages
scalping
Global Raw Spread page: scalping allowed, no restrictions, HFT/EA friendly. AU Account Terms: may refuse orders relating to black-box trading, scalping or similar; lists scalping among prohibited market-abuse examples.
hedging
Global Raw Spread page: hedging allowed; no FIFO; hedge margin may vary by product/platform.
EA
Global pages: EAs allowed; MQL4/MQL5; algo share advertised at 60% of trades. AU terms may refuse black-box / HFT.
arbitrage
unknown as a defined permission; AU terms list market manipulation / fictitious transactions among refuse grounds
Only methods and rules isolated on opened official pages.
Primary-source ledger for this public record. Affiliate and coupon pages are excluded.
Official broker source · Unverified · Not checked
Official page · other · 2026-09-12View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
ASIC current AFS extract 202609
Regulator · regulator · 2026-09-19 · 2026-09-10View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official page · other · 2026-08-23View source
Official pages disagree. FXVeritas does not pick a winner. This is not a fraud or safety label.
Official-source discrepancy
Source A: https://www.icmarkets.com homepage and Raw Spread / Standard / overview pages: 1:5000
Source B: https://www.icmarkets.com/global/en/start-forex-trading: max leverage up to 1:1000
Status: conflicting official sources · Last checked: Aug 23, 2026
Official-source discrepancy
Source A: Account overview table: Raw Spread and Standard minimum deposit $0
Source B: Start-forex page: $200 (or currency equivalent) for full market access
Status: conflicting official sources · Last checked: Aug 23, 2026
Official-source discrepancy
Source A: Homepage: +2850 tradable instruments
Source B: Account overview Raw Spread/Standard table: 2250 tradable instruments
Status: conflicting official sources · Last checked: Aug 23, 2026
Official-source discrepancy
Source A: Global Raw Spread page: no restrictions; scalping and EAs allowed
Source B: AU Account Terms: may refuse black-box, scalping or similar orders; lists scalping among prohibited practices. FSA T&Cs: scalping/HFT/black-box can be treated as integrity abuse.
Status: conflicting official sources · Last checked: Aug 23, 2026
Official-source discrepancy
Source A: Official EU FAQ: two MetaTrader types — Standard and Raw Spread.
Source B: Same EU FAQ later: currently only one account type is available.
Status: conflicting official sources · Last checked: Aug 23, 2026
Unknowns are part of the public record. They are not filled from other brokers.
Short answers from the full FXVeritas research file for IC Markets. They describe recorded evidence, not safety or suitability.
What the sources show →What the provider discloses
Raw Trading Ltd — The former global regulation URL redirects to ic.com. It names Raw Trading Ltd, company 8419879-1, and securities-dealer licence SD018. The provider lists segregated funds; this does not transfer EU protections to this entity. Sources and scope →
Independent regulatory check
FXVeritas records 3 legal entities in the research file for IC Markets. 3 of 3 research-file licences are regulator-verified. Regulatory protection can differ by the entity serving the client.
A provider disclosure is not an independent licence confirmation. Match your agreement’s company name, service permissions and residence conditions before applying.
The current FXVeritas file records 3 legal entities. A brand name is not a licence.
The current file records 3 regulator codes: ASIC, CySEC, Financial Services Authority (Seychelles).
The current file records 3 licence identifiers.
FXVeritas has independently verified 3 of 3 research-file licences.
Client-protection evidence in this file is partial. Protection can differ by legal entity, and missing facts are not a finding that protection is absent.
5 official-source discrepancies remain recorded. FXVeritas does not pick a winner among conflicting official sources.
Historical record only. A past settlement or withdrawn licence is not the current licence status.
No dated incident or regulatory action was isolated.
Continue into regulator hubs, platforms, methodology, and comparison tools.
Each finding shows its own check date and applies only to the named entity and source; the group file remains incomplete.
Provider licence disclosure ·
The former global regulation URL redirects to ic.com. It names Raw Trading Ltd, company 8419879-1, and securities-dealer licence SD018. The provider lists segregated funds; this does not transfer EU protections to this entity.
Provider disclosure · Checked: 2026-09-29
Licence, segregation and restricted countries; reached from icmarkets.com/global/en/company/regulation
Client-protection evidence ·
IC Markets (EU) Ltd states that negative balance protection applies to retail clients, not professionals. Its FAQ also excludes professional clients from the Investor Compensation Fund. Eligibility is entity- and client-category-specific.
Provider disclosure · Checked: 2026-09-29
Investor protection; professional clients; possible loss beyond deposit
Entity and residence scope ·
The global disclosure excludes residents of the US, Canada, New Zealand, Iran and North Korea, among others. Countries not named are not automatically approved.
Provider disclosure · Checked: 2026-09-29
Licence, segregation and restricted countries; reached from icmarkets.com/global/en/company/regulation
These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.
· Source check
IC Markets · International Capital Markets Pty Ltd · costs source check
· Research record updated
IC Markets · Global domain redirect and EU professional-client exclusions recorded
· Research changes
IC Markets · CySEC Board decision 1 July 2024: administrative fine EUR 200000 on IC Markets (EU) Ltd for non-compliance with article 42 of Regulation (EU) 600/2014 / DI87-09 CFD leverage circumvention. Announcement 19 July 2024. Licence 362/18 remained on the current CIF register at research time.
