Visit to the IC Markets Limassol Office in Cyprus

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We checked the office of the IC Markets brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

86 Franklinou Roosvelt,4th floor, Office 401, 3011 Omonoia, Limassol, Cyprus

Verified the company's address

* The results of this inspection shall not be regarded as an advice to choose the broker.

The company is located at the stated address
We were able to speak to a company representative
We were able to visit the office as clients
Video of the company’s office

Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.

Traders Union's goal is to help traders understand the operation of IC Markets under CySEC regulation. Recently, Traders Union visited the office of IC Markets to verify that the company is genuinely operating in Cyprus and providing services there.

In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.

Brief dossier of IC Markets

IC Markets Review

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Foundation date	2007
Headquarters	Raw Trading Ltd: Eden Plaza, Office 222, Eden Island, Mahé, Seychelles; IC Markets (EU) Ltd: 86 Franklinou Roosvelt, 4th floor, Office 401, 3011 Omonoia, Limassol, Cyprus; International Capital Markets Pty Ltd: Level 4, 50 Carrington Street, Sydney, NSW 2000, Australia.
Regulation	ASIC, CySEC, FSA (Seychelles), The Financial Commission
Official site	www.icmarkets.com, www.icmarkets.eu, and www.icmarkets.com.au
Contacts	Email: support@icmarkets.com, Phone: Global: +248 467 19 76, support@icmarkets.com; EU: +35725010480, support@icmarkets.eu; Australia: +61 02 8014 4280, support@icmarkets.com.au.

A visit to the office of IC Markets in Cyprus

Blinov Vasily, our associate, visited the office of IC Markets located at the following address: 86 Franklinou Roosvelt,4th floor, Office 401, 3011 Omonoia, Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.

IC Markets office is located in a modern business center in Cyprus (Limassol). Many other companies are also located here. To get to the IC Markets office, you need to take the elevator to the 4th floor (room No. 401).

IC Markets Office

A video report of the visit to the broker’s office

Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.

IC Markets Office

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Is a IC Markets safe broker?

Traders Union experts believe that IC Markets is a safe broker. This is evidenced by several factors, including:

Tier-1 Regulation: Regulated by a Tier-1 authorities.
Investor Protection Fund: Participation in the Investor Compensation Fund.
Segregated Accounts: Client funds are kept separate from company funds.
Longevity: IC Markets has a long history of reliable operating.

IC Markets safety and regulation

All IC Markets regulator	Country of regulation	Regulation level	Investor protection fund	Segregated Account
ASIC	Australia	Tier-1	No specific fund but has stringent consumer protection	Yes
CySec	Cyprus	Tier-1	Up to €20,000	Yes
FSA (Seychelles)	Seychelles	Tier-3	No specific fund	Yes
The Financial Commission	International	Tier-3	Up to €20,000	Yes

How does CySEC regulation protect investors?

EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
Transparency and Accountability: Ensures brokers operate with high standards of transparency.
Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
Continuous Monitoring: Regular audits and oversight to ensure compliance.

Beyond the office: practical advice for Forex investors

As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:

When reading about office visits, pay close attention to the level of transparency exhibited by the broker during these interactions. A broker's willingness to openly showcase their operations and candidly answer questions during third-party visits, such as those conducted by Traders Union, is a positive indicator of their business practices.

In the case of any broker, including IC Markets, their openness about risk management protocols, order execution processes, and client fund segregation practices during office visits aligns with industry best practices. Remember, transparency isn't just about what a broker shows, but also how they respond to challenging questions.

Brokers who provide detailed, honest answers to queries about their business model, including potential conflicts of interest, tend to have 40% fewer regulatory issues over a five-year period.