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FCA Flags IC Markets Clone for Offering Services in UK
Abstract：The regulator flagged several domains, including icmarketspro.com IC Markets itself is a reputed retail broker.
The British financial market supervisor, the Financial Conduct Authority (FCA), has flagged ICMarkets, which looks like to be a clone of the popular retail brokerage brand headquartered in Australia, for offering services in the United Kingdom without the necessary authorization.
The UK agency has shared two telephone numbers, four email addresses, and a few domains that are used to operate a platform that is imitating IC Markets.
All of the flagged emails are of the domain icmarketpro.com, which has no links with the genuine IC Markets platform, the broker confirmed to Finance Magnates. The warning has also specifically red-flagged four domains: www.icm-market.com, www.i-cmarketz.com, www.icmarketpro.com, and www.ic-forexmarket.com.
The genuine IC Markets platform is operating with the domain icmarkets.com.
“We believe this firm [the clone] may be providing financial services or products in the UK without our authorization,” the regulator stated on the warning issued on Monday.
“This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.”
A Reputed Broker
Founded in 2007, IC Markets licensed in multiple jurisdictions including Australia, Cyprus, Seychelles and the Bahamas. But, it is not licensed or registered in the United Kingdom with the FCA.
For its operations within the European Economic Area (EEA), the broker is passporting its license obtained from the Cyprus Securities and Exchange Commission ( CySEC ). This Cypriot entity, IC Markets (EU) Limited has received temporary permission from the FCA to operate in the UK after the closure of Brexit .
With operations across most of the top jurisdictions, IC Markets is one of the very few brokers recording more than $1 trillion in monthly trading volume. Furthermore, it is expanding its brand presence across Europe by sponsoring multiple sports clubs, a strategy followed by many other top brokerages.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Pepperstone Review 2026: Massive Deposit & Withdrawal Complaints Against This Regulated Broker
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Wundersys vs tradgrip: Two Offshore Newcomers Go Head to Head — and Neither Brings Home a Trophy
Some broker comparisons end with a confident "go with this one." This is not one of them — and that honesty is exactly what makes it worth reading. Wundersys and tradgrip are two young, offshore-registered brokers that keep popping up in front of beginner traders, often through aggressive online marketing. Both promise the usual buffet: tight spreads, generous leverage, multiple account tiers. And both, according to WikiFX, sit near the very bottom of the safety scale. So instead of crowning a champion, this comparison is really about something more useful: learning to read the warning signs, understanding the small differences that still matter, and knowing why "the better of two risky options" is still a conversation about risk.
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The 6 Lowest-Commission Forex Brokers South Asian Traders Are Flocking To in 2026
If you trade forex from India, Pakistan, Bangladesh, Sri Lanka, or Nepal, you already know the quiet truth that eats into every trader's results: it is not just the market that decides whether you profit — it is the cost of getting in and out of each trade. Shave a couple of dollars off your commission on every lot, multiply it across hundreds of trades a year, and you are looking at the difference between a strategy that works and one that bleeds out slowly. South Asian traders are some of the most cost-conscious in the world, and rightly so. So we pulled the data on the brokers most often recommended for the region, cross-checked every name on WikiFX, and ranked them by the one number that matters most here: what they actually charge you to trade. Before the list, one quick lesson that will make this whole ranking click.
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