Tag: Andrew Rapp

Quo Vadis IC Markets? The Punished Broker Allegedly Exits Cyprus!

CySEC tamir - October 1, 2024

The CFD broker IC Markets is challenging a €200,000 fine imposed by CySEC in July 2024. The company's CEO, Andrew Budzinski, has hinted at divesting from Cyprus and expanding operations elsewhere, possibly in Dubai. While Cyprus has long been a popular hub for forex and CFD brokers, changing regulatory landscapes and shifting industry trends are putting pressure on its status as a financial center.

Updated Review: IC Markets And Its Offshore Activities!

Offshore Broker Ben - January 9, 2023

IC Markets claims to be the world's largest forex broker in terms of trading volume. As of March 2022, IC Markets has a trading volume of $1.11 trillion with more than 185,000 clients listed on its website. Daily FX trades with a volume of $29 billion are reportedly processed. IC Markets works with regulated entities in Cyprus and Australia and also has offshore regulated entities in the Seychelles and the Bahamas. With a 4.9-star rating, the broker is one of the best in class. Here is an update.

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