Is IC Markets regulated in the UK?
Regarding UK financial markets, the answer to “is IC Markets regulated in UK” is no, because the Financial Conduct Authority cancelled its status on 11/12/2023. Under reference 827935, the register entry for IC Markets EU Ltd states that client money can't be held there. A firm whose status has been cancelled can't offer you regulated UK investments.
FCA register: CancelledFRN 827935on the register since 11 Dec 20231 clone firm on the register
Firms on the register that copy IC Markets
The FCA register shows 1 clone firm that uses this firm's name or details., and none of them is IC MARKETS (EU) LTD.
- ICMarkets, listed as a Clone of an authorised firm. It was added on 07 Jan 2022.on the register from 07 Jan 2022
Read 2 Nov 2026. Source: FCA Financial Services Register
What protects your money
Read 2 Nov 2026. Source: fscs.org.uk/what-we-cover/investments
If IC Markets were to fail
For client money handling in the UK, the answer to “is IC Markets FCA regulated” is no. Should this broker close, you wouldn't receive protection from the Financial Services Compensation Scheme. If an authorised investment firm fails, that UK fund pays up to £85,000 for each eligible person. You probably won't get your money back.
If something goes wrong, access to the Financial Ombudsman Service also won't be available to you. The free ombudsman service settles complaints about regulated businesses that you believe treated you unfairly. Its coverage only includes firms regulated by the FCA. Our IC Markets review covers how the group operates abroad.
The Financial Ombudsman Service can review any complaint that the firm hasn't resolved. When the business has FCA regulation, it can help with an investment problem.
Check the firm and its website
- Open the FRN 827935 register entry on register.fca.org.uk.
- Make sure the name reads IC MARKETS (EU) LTD and the status says Authorised.
- Check the website shown on the register against the address in your browser.
- Watch out for any name in the clone list above, plus calls or messages asking you to move money.
Costs, platforms, deposits and withdrawals in our IC Markets review
Other options besides IC Markets: other FCA authorised CFD brokers
Each firm sits in A to Z order, with none ranked above another.
Common questions answered
Does the FCA regulate IC Markets?
Its authorisation doesn't cover the UK. If a business ends its regulated activities, it can ask the regulator to cancel its permission voluntarily. When the regulator cancels a firm following enforcement action, the register lists it as revoked instead. You can look in the register's disciplinary and regulatory action area to find past fines or promotion permissions. Our FCA regulated forex brokers page lets you browse active firms.
Is your money protected when using IC Markets?
No compensation scheme in the UK protects your money in this case. To receive UK investment protection, your provider and the exact activity it carries out must both be authorised. With an authorised broker, compensation still covers only assets that a failed firm cannot repay. If your trades lose value, you can't claim compensation for poor investment performance. You should invest only money that you're ready to lose and can afford to lose.
Is IC Markets legitimate for UK traders?
A real trading business, IC Markets provides +2,850 instruments and a demo account through its global platforms. It supports an iOS app, plus MetaTrader 4, MetaTrader 5, cTrader and TradingView. The app has a score of 3.12 from 40 ratings. Even so, a broker doesn't become authorised for you merely because its software is real. With no UK supervision, no local regulator checks whether you've been overcharged, misled or been given unsuitable contracts for differences.
How can you identify IC Markets clone firms?
The regulator recorded 1 clone warning for this entry. Clone firms are scams that rely on fraudsters copying a genuine company's name or reference number to deceive you. Fraudsters frequently contact you without warning through social media or email from Gmail or Outlook accounts. They may say the register is outdated, even though the regulator updates it every 24 hours. No approved website appears on this cancelled record. If you think a fraudster contacted you, call the regulator on 0800 111 6768.