Is IC Markets regulated?
Our IC Markets evidence log contains 4 regulatory records, with all 4 findings confirmed against regulator-authored sources (last read 2026-10-06). Records can include historical corrections and limited-scope authorisations; they are not a count of current trading licences. 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 October 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
Licence records and findings from the registers
Verified means we read the stated finding in a regulator-authored source. Where no number is published, only the entity is confirmed. Historical records do not establish current authorisation.
| Legal entity | Regulator | Licence | Our check | Register |
|---|---|---|---|---|
| IC Markets (KE) Limited | CMA Kenya · Tier 2 | 199 | Verified on register checked 2026-08-22 | Source |
| International Capital Markets Pty Ltd | ASIC Australia · Tier 1 | 335692 | Verified on register checked 2026-09-14 | Source |
| IC Markets (EU) Ltd | CySEC Cyprus · Tier 2 | 362/18 | Verified on register checked 2026-10-06 | Source |
| Raw Trading Ltd (IC Markets Global) | FSA Seychelles · Offshore | SD018 | Verified on register checked 2026-09-14 | 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: Read first-hand 2026-09-14 on ASIC Professional Registers Search Details: 'INTERNATIONAL CAPITAL MARKETS PTY. LTD.', status CURRENT, licence number 335692, commenced 02/07/2009, ABN 12 123 289 109, ACN 123 289 109, principal place of business Sydney NSW 2000, register 'Australian financial services licensees'. Earlier corroboration: the entity's CP291 submission hosted on download.asic.gov.au.
- CySEC 362/18: Read first-hand on 6 October 2026 in the CySEC Investment Firms (Cypriot) licensed-firms directory: IC Markets (EU) Ltd, licence 362/18, licence date 25 June 2018, company registration 356877. Added the missing source URL to the earlier record; the number is unchanged. This listing does not establish individual retail onboarding eligibility or all service permissions.
- FSA SD018: Entity read first-hand 2026-09-14 on the Seychelles FSA 'Search Business' register: 'Raw Trading Ltd', Type 'Securities Dealer', trade names 'IC Markets Global' and 'IC MARKETS (SC)', website icmarkets.sc (alternate icmarkets.com), Eden House, Eden Island, Mahe. The register prints no licence number — entity and licence type verified; SD018 stays broker-disclosed.
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?
Our IC Markets evidence log contains 4 regulatory records, with all 4 findings confirmed against regulator-authored sources (last read 2026-10-06). Records can include historical corrections and limited-scope authorisations; they are not a count of current trading licences. 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?
International Capital Markets Pty Ltd is recorded with ASIC licence 335692 (Australia, tier-1). Our check: verified on the register, last read 2026-09-14.
Is IC Markets regulated by CySEC?
IC Markets (EU) Ltd is recorded with CySEC licence 362/18 (Cyprus, tier-2). Our check: verified on the register, last read 2026-10-06.
Is IC Markets regulated by CMA?
IC Markets (KE) Limited is recorded with CMA licence 199 (Kenya, tier-2). Our check: verified on the register, last read 2026-08-22.
Is IC Markets regulated by FSA?
Raw Trading Ltd (IC Markets Global) is recorded with FSA licence SD018 (Seychelles, offshore). Our check: verified on the register, last read 2026-09-14.
Which IC Markets entity would I be onboarded by?
Our map lists 4 IC Markets legal entities (Kenya, Cyprus (EU/EEA), Australia and Seychelles). A listing does not establish retail account availability: consultation or introduction entities and institutional-only firms are not retail trading-account routes. Which company applies depends on your country and client agreement. Use the entity checker for the likely match, then confirm it 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 2026-10-06. 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.