Is IC Markets regulated?
Yes, IC Markets holds 4 regulatory licences in our records, with 2 of its 4 licence records read first-hand on the regulators' own registers (last read 2026-08-22). That includes tier-1 oversight from ASIC. Regulation is entity-specific: your protections depend on which IC Markets legal entity onboards you, not on the brand.
Last updated August 2026·Licence statuses reflect our most recent read of each register; regulators update registers daily — verify current terms with the broker before you deposit.·How we score
Every licence, with what we found on the register
We mark a licence verified only after reading it on the regulator's own register or in a regulator-authored publication. Everything else stays visibly open.
| Legal entity | Regulator | Licence | Our check | Register |
|---|---|---|---|---|
| IC Markets (KE) Limited | CMA | 199 | Verified on register checked 2026-08-22 | Source |
| International Capital Markets Pty Ltd | ASIC Australia · Tier 1 | 335692 | Pending — verify checked 2026-08-18 | Source |
| IC Markets (EU) Ltd | CySEC Cyprus · Tier 2 | 362/18 | Verified on register checked 2026-06-19 | No public register |
| Raw Trading Ltd (IC Markets Global) | FSA Seychelles · Offshore | SD018 | Pending — verify checked 2026-06-19 | Source |
Notes from our checks
- CMA 199: Read first-hand on the CMA Kenya licensees register 2026-08-22: licence No. 199 held by IC Markets (KE) Limited.
- ASIC 335692: Entity+AFSL pairing read first-hand in IC Markets' CP291 submission hosted on download.asic.gov.au; live ASIC register blocked to automated reads — register status still pending.
- CySEC 362/18: On CySEC Cypriot investment-firms register.
- FSA SD018: Entity listed as Securities Dealer; SD number not exposed on register.
Which IC Markets entity would onboard you?
The brand is not the counterparty. The legal entity on your client agreement sets your regulator, compensation cover, leverage cap and terms.
| Legal entity | Regulator | Typically onboards | Compensation | Leverage |
|---|---|---|---|---|
| IC Markets (KE) Limited Kenya | CMA (Kenya) (Tier 2) | KE | None identified | See terms |
| IC Markets (EU) Ltd Cyprus (EU/EEA) | CySEC (Tier 2) | IE, DE, FR, ES, IT, NL, BE, AT, PT, PL, SE, DK, FI, GR, CZ, HU, RO, BG, HR, SK, SI, EE, LV, LT, LU, MT, CY, IS, LI, NO | ICF — up to €20,000 if the firm fails (not for trading losses) | Retail CFD leverage capped at 30:1 (ESMA rules). |
| International Capital Markets Pty Ltd Australia | ASIC (Tier 1) | AU | No retail investor compensation scheme in Australia. | Retail CFD leverage capped at 30:1 (ASIC rules). |
| Raw Trading Ltd (trading as IC Markets Global) Seychelles | FSA Seychelles (Offshore) | Most other countries (rest-of-world default) | No compensation scheme. · No negative-balance protection | Higher leverage available; weaker investor protection than tier-1 entities. |
Resolve the likely entity for your country with the entity checker, then confirm the entity named on your client agreement before you deposit.
What the licences actually give you
Three protections worth checking by name. Any of them can be missing even when a broker is licensed somewhere.
| Compensation scheme | ICF up to €20,000 (CySEC clients) |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | Yes, per the broker's disclosures |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | Yes, for retail clients where the regulator requires it |
| UK entity (retail) | 30:1 |
| EU entity (retail) | 30:1 |
| Australian entity (retail) | 30:1 |
| South African entity | 500:1 |
| International / offshore entity | 500:1 |
FCA warnings naming IC Markets
Read weekly from the FCA's own pages. A clone warning names the genuine firm being impersonated and protects it; an unauthorised-firm warning says the brand is not authorised for UK business.
- 2024-10-01·Brand named as unauthorised in the UK
IC Markets Global (https://www.icmarkets.com/global/en/ and https://www.ic.com/en/)
This firm is not authorised by the FCA and may be targeting people in the UK. Matched on the brand name "IC Markets" in the FCA's text.
FCA page
Verify these licences in five minutes
Never take a licence claim from a broker page, or from us, without reading the register.
- 1. Note the exact legal entity and licence number from the table above, or from the client agreement you would sign.
- 2.Open the regulator's own register from the links below, never from a link the broker hands you, and search that number.
- 3. Match the entity name and number exactly, check the status is active or authorised, and look for a clone-firm warning naming the brand.
IC Markets regulation: common questions
Is IC Markets regulated?
Yes, IC Markets holds 4 regulatory licences in our records, with 2 of its 4 licence records read first-hand on the regulators' own registers (last read 2026-08-22). That includes tier-1 oversight from ASIC. Regulation is entity-specific: your protections depend on which IC Markets legal entity onboards you, not on the brand.
Is IC Markets regulated by the FCA?
No. None of the IC Markets entities in our records holds an FCA authorisation. UK residents should treat any FCA claim for this brand as unverified until they find the exact legal entity on the FCA register themselves.
Is IC Markets regulated by ASIC?
Yes. International Capital Markets Pty Ltd holds ASIC licence 335692 (Australia, tier-1). Our check: pending a register read, last read 2026-08-18.
Is IC Markets regulated by CySEC?
Yes. IC Markets (EU) Ltd holds CySEC licence 362/18 (Cyprus, tier-2). Our check: verified on the register, last read 2026-06-19.
Is IC Markets regulated by FSA?
Yes. Raw Trading Ltd (IC Markets Global) holds FSA licence SD018 (Seychelles, offshore). Our check: pending a register read, last read 2026-06-19.
Which IC Markets entity would I be onboarded by?
IC Markets onboards clients through 4 legal entities in our map (Kenya, Cyprus (EU/EEA), Australia and Seychelles). Which one applies depends on your country of residence and is named on your client agreement at signup. Use the entity checker to see the likely match for your country, then confirm it on the agreement before depositing.
Does IC Markets have investor compensation?
ICF up to €20,000 (CySEC clients). Compensation schemes pay out only if the firm itself fails and cannot return client money; they never cover trading losses, and they apply only to clients of the specific licensed entity, not to every IC Markets client worldwide.
Has the FCA published a warning naming IC Markets?
Yes. 1 FCA warning states that the IC Markets brand is not authorised for UK business (most recent 2024-10-01); UK residents get no FCA protections dealing with it. Each warning is listed on this page with a link to the FCA's own text.
Has IC Markets been fined or warned by a regulator?
We hold no sourced regulator action for IC Markets as of 2026-08-22. Absence from our log is not a clean bill: check the enforcement and warning pages of each regulator named above before depositing.
Next step
The full research file on IC Markets covers real costs and withdrawal friction alongside this regulation evidence, or compare it with alternatives available in your country.
Related
Informational research only, not financial advice. Regulatory status changes; verify directly on the official registers before depositing. Being licensed is not the same as being suitable for you, and no licence protects against trading losses.