Available IC Markets Countries: In Which Jurisdictions The Broker Legally Operates

Is IC Markets legal and safe?

IC Markets Review

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Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

IC Market is a legal broker that is duly regulated by top regulatory bodies. This broker holds licenses from the Financial Services Authority (FSA) and the CySEC and complies with the standards established by these regulators. IC Markets operates through two additional regulated brands as well:

• In the Seychelles, IC Markets (SC), owned by Raw Trading Ltd., is under the governance of the FSA.

• IC Markets (EU) caters to traders in Europe and complies with the latest ESMA regulations regarding leverage and other restrictions.

All of these IC Markets platforms abide by strict financial standards, including capital adequacy and audit requirements. Money belonging to clients is kept in client-segregated trust accounts by IC Markets Global. This is kept apart from company funds owned by IC Markets Global and complies with client money-handling guidelines. IC Market does not use its client funds to cover operational costs or goals.

IC Markets again hire an outside auditor to verify regulatory compliance and strengthen operational procedures. Along with monitoring the movement of sensitive and private customer data inside and outside the organization, they enforce controls and security tactics to keep data safe. No client information is intentionally disclosed unless the client requests it or the broker is required to do so by law. Additionally, a trader must be at least eighteen (18) years old or of legal age in the countries where IC Market services are legitimate.

Available IC Markets countries

IC Markets is a global platform, meaning it accepts customers from numerous parts of the world. IC Market Management has extensive knowledge of the equity, CFD, and Forex markets in North America, Europe, and Asia. The IC Market platform is available for registration and trading by traders in the following nations.

• Australia

• Thailand

• United Kingdom

• South Africa

• Singapore

• Germany

• Norway

• Sweden

• Hong Kong

• India

• France

• Italy

• Denmark

Brokerages that offer financial services like Forex and other instrument trading are required to abide by regulations in some of these countries. For instance, brokers are not allowed to give traders bonuses or leverage greater than 1:30 in EU member states. Thus, IC Market complies with these and other guidelines established by the nation's financial regulators in which it provides investing services.

Which country is IC Markets banned from?

While IC Market accepts clients from every continent, traders are not allowed to open accounts with origins in the following restricted or sanctioned nations due to governmental regulations and company policies. IC Markets' services may not be available in the following countries:

• United States of America

• Israel

• Korea (Democratic People's Republic of)

• New Zealand

• Abkhazia (the Republic of Abkhazia)

• Afghanistan

• Iran (Islamic Republic of)

• Iraq

• American Samoa

• Wallis and Futuna

• Yemen

• Angola

• Cambodia

• Central African Republic

• Congo

• Congo - Brazzaville

• Diego Garcia

• Gambia

• Guinea

• Guinea-Bissau

• Guam

• New Caledonia

• Niue

• Cuba

• Cuba (Guantanamo Bay)

• Lebanon

• Libya

• Mali

• Martinique

• Sierra Leone

• Somalia

• Chatham Island (New Zealand)

• Congo - Kinshasa

• Cook Islands

• South Sudan

• Sudan

• Mayotte

• Myanmar

• Northern Mariana Islands

• Puerto Rico

• Saint Pierre and Miquelon

• Saint Barthélemy

• Saint Martin

• Senegal

• Syrian Arab Republic

• Tokelau

• Wake Island

• Zanzibar

• Zimbabwe

• U.S. Virgin Islands

Because US CFTC regulations prohibit US clients from trading with brokers outside of the US, IC Markets Global does not accept US clients for popular countries like the US. While the rules or reasons preventing IC Markets from offering services in these countries can change over time, you can contact customer support to verify if the IC Market can offer trading services in your country of residence. Therefore, contacting customer support through the platform is an additional method to confirm that IC Markets services are available in different countries.

Is Forex trading risky?

It is true that trading foreign exchange, or Forex, carries some risk, and those who are considering it should be aware of this. Investing in commodities, stocks, and currency markets on top brokerages like IC Markets carries no assurance that you will make money. This is because there is always some risk involved in Forex trading due to the high level of speculative activity and the numerous international variables involved.

However, only trade with money you can afford to lose if you are trading Forex and CFDs, which carry a high level of risk to your capital. Trading Forex and CFDs is not appropriate for every investor. Find out what other assets are available for investment, make sure you are aware of all the risks, and, if necessary, seek independent financial advice from professionals.

Although IC Markets Global provides its clients with superior liquidity, low latency connectivity, and state-of-the-art trading platforms, they do not remove the risks of trading currency pairs.

However, traders can drastically lower these risks by employing thoughtful risk management strategies and structured trading plans. Also, it is recommended that traders thoroughly read and comprehend the IC Markets Risk Disclosure.