Licenses & Regulation
Client funds are securely held in international banks and completely segregated from our own capital to ensure the highest levels of safety and transparency
Financial Conduct Authority (FCA)
IC Markets is authorised and regulated by the Financial Conduct Authority (registration number 000000)
The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.
Cyprus Securities and Exchange Commission (CySEC)
IC Markets Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number 000/00), the supervisory and regulatory authority for investment service firms in Cyprus. CySEC participates in the European Securities and Markets Authority (ESMA) Board of Supervisors.
IC Markets holds a cross-border CySEC licence, authorising the provision of investment and ancillary services. We are governed by the EU and local regulations such as the European Markets in Financial Instruments Directive (MIFID II) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2017 Law 87 (I)/2017
MIFID II
The MIFID II Directive 2014/65/EU, which took effect on January 3, 2018, was designed to enhance investor protection and enhance the functionality of financial markets, making them more efficient, robust, and transparent. In Cyprus, this Directive was transposed into law through the Cyprus Investment Services and Activities and Regulated Markets Law of 2017 (Law 87(I)/2017).
The primary objectives of the European Union's Markets in Financial Instruments Directive (MiFID II) include: Improving efficiency in financial markets. Enhancing financial transparency. Promoting healthy competition. Ensuring effective consumer protection. MiFID II also grants investment firms the ability to offer investment and ancillary services in another member state, provided that such services fall under the authorization of the investment firm.
Protecting Client Funds
IC Markets, as a regulated entity, satisfies the regulatory requirements pertaining to client funds in the following manner:
Funds Segregation
At IC Markets, all client deposits are held in distinct bank accounts, completely isolated from the company's funds. This segregation ensures that client funds cannot be utilized for any other purposes. To uphold the utmost operational standards, our financial reports undergo audits by PWC, a leading global financial auditing firm.
Managing Counterparty Risks
IC Markets has forged strategic alliances with prominent financial institutions like Barclays Bank PLC, Julius Baer, and Royal Bank of Scotland to mitigate counterparty risks. We employ stringent internal limits to diversify client funds across multiple banks, continuously assessing credit risks. Moreover, we exclusively maintain client funds in jurisdictions with robust legal provisions for fund segregation.
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