Is IC Markets legit or a scam?
Safety verdict
IC Markets is a legitimate, heavily regulated broker - not a scam.
IC Markets has operated since 2007 (19 years) and holds 4 licences including ASIC, CySEC. We hold live, funded accounts with IC Markets and have deposited and withdrawn real money as part of our testing. As with any broker, confirm which regulated entity onboards clients from your country - investor protections differ by entity.
Licences - verify them yourself
Never take regulation claims on trust (including ours). Each row links to the regulator's own public register - search for the entity name shown in your account agreement.
| Regulator | Verify |
|---|---|
| ASIC | Australian ASIC Connect register ↗ |
| CySEC | Cyprus SEC entities register ↗ |
| FSA (Seychelles) | Seychelles FSA regulated entities ↗ |
| SCB (Bahamas) | Bahamas Securities Commission ↗ |
What our testing found
We hold funded accounts with the brokers we review. With IC Markets: withdrawals processed as advertised (same-day processing on business days), support responded to anonymous test tickets, and live pricing matched the published account specs. Full findings are in the review.
Read the full IC Markets review (4.6/5) →The real danger: clone scams
Most "IC Marketsscam" complaints trace back to impersonators, not the company: lookalike domains, fake apps, and social-media "account managers" who trade your money away. Three rules: access IC Markets only through its official site (our buttons link the verified domain), never let anyone else operate your account, and treat any unsolicited investment contact as fraud by default.
IC Markets safety FAQ
Is IC Markets regulated?
Yes - IC Markets entities are licensed by ASIC, CySEC, FSA (Seychelles), SCB (Bahamas). Which entity you contract with depends on your country of residence, and investor-compensation coverage differs between them.
Is my money safe with IC Markets?
Client funds are held segregated from company funds, and onshore entities carry statutory investor-compensation coverage. Offshore entities rely on the group's own policies - a reason to size deposits sensibly regardless of broker.
How do I verify IC Markets's licences myself?
Never take a broker's word (or ours) for regulation. Search the regulator's own public register - we link each one in the licence table above - for the exact entity name shown in your account agreement.
How do I avoid IC Markets clone scams?
Clone firms impersonate real brokers with lookalike domains and social-media "account managers". Only ever access IC Markets via its official domain (icmarkets.com), never via links from Telegram/WhatsApp groups, and remember: no legitimate broker's staff will ever trade your account or ask you to send crypto to a personal wallet.
Risk warning: CFDs and leveraged products are complex instruments and carry a high risk of losing money rapidly. Between 70–85% of retail accounts lose money trading CFDs. Never trade with money you cannot afford to lose. Disclosure: WizeGorilla is reader-supported - we may earn a commission when you open an account through our links, at no cost to you. See our affiliate disclosure and review methodology.