Tag: International Capital Markets

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.

The UK Financial Conduct Authority (FCA) has issued a warning against the CySEC-regulated broker IC Markets and its offshore entity Raw Trading Ltd in Seychelles. The offshore broker operates with the domain www.icmarkets.com. The CySEC regulated broker IC Markets (EU) Ltd operates under license number 362/18 with the two approved domains www.icmarkets.eu and www.icmarkets.com/eu. The IC Markets offshore mutation also acquires clients from the EU and UK.

The unregulated Cyprus-registered Praxis Cashier System Ltd (Praxis Cashier) of Amit Klachko announced the acquisition of IC Markets (www.icmarkets.com) as a new Forex and CFD client. IC Markets is a globally operating regulated broker scheme established by Andrew Budzinski in Australia in 2007. Its different entities are regulated by Australian ASIC, Cyprus CySEC, and FSA Seychelles.