IC Markets Global to IC Trading - Any significant changes? | Forex Factory

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IC Markets Global to IC Trading - Any significant changes?

  • #1
  • First Post: Apr 12, 2024 7:13am Apr 12, 2024 7:13am
Are you aware of the recent transition from IC Markets Global to IC Trading?
Upon conducting my analysis, it appears that the primary change pertains to the regulatory authority. The company will be transitioning from the Financial Services Commission (FSC) in Mauritius to the Financial Services Authority (FSA) in Seychelles.

However, I’ve been unable to find specific information regarding how this change might impact me as a resident of Brazil, or indeed, residents of other countries. Could anyone provide some insight into this matter?

In my opinion, my account was previously with IC Markets (regulated by the FSA), recently it moved to Global. And now it will return to IC Markets but under another name, IC Trading.

Menssage in IC Markets Global(https://www.icmarkets.com/global/en/...ervice-changes):

Quote
We assure you that your trading will not be impacted. On 27 April 2024, your customer profiles, trading accounts, any remaining account balance, and open positions (if any) will be transferred to IC Trading. Your Trading Account and Client Area login credentials will remain unchanged. No action is required on your part if you wish to continue trading with IC Trading. Your trading activities can proceed as usual.
  • #2
  • Apr 13, 2024 6:11am Apr 13, 2024 6:11am
I have an account with both (I'm based in the UK). They are different companies, regulated in different countries, as you have said. I came up with a comparison table as I too was trying to see how different the offering is between the two. So far I see no difference apart from the regulation.

Interesting that residents of Brazil are being moved over.
  • #3
  • Apr 13, 2024 3:40pm Apr 13, 2024 3:40pm
Quoting ChilledT
I have an account with both (I'm based in the UK). They are different companies, regulated in different countries, as you have said. I came up with a comparison table as I too was trying to see how different the offering is between the two. So far I see no difference apart from the regulation. Interesting that residents of Brazil are being moved over.
Certainly, it's very strange for them to transfer the accounts. They've done this in the past, and now we're returning to IC Markets but under a different name, "IC Trading". In my view and assumption, all this is nothing more than them trying to avoid the annoying regulations that governments impose. After all, IC is the largest and best broker that has ever existed, in my humble opinion.
  • #4
  • Apr 13, 2024 11:36pm Apr 13, 2024 11:36pm
Im speculating they are creating a prop-firm inside IcMarkets.
  • #5
  • Apr 14, 2024 4:33am Apr 14, 2024 4:33am
Yes I think you are right. They are keeping nimble to be able to adapt to what can be unpredictable changes in regulation.
  • #6
  • Apr 14, 2024 5:42pm Apr 14, 2024 5:42pm
Quoting vitorom
Are you aware of the recent transition from IC Markets Global to IC Trading? Upon conducting my analysis, it appears that the primary change pertains to the regulatory authority. The company will be transitioning from the Financial Services Commission (FSC) in Mauritius to the Financial Services Authority (FSA) in Seychelles. However, I’ve been unable to find specific information regarding how this change might impact me as a resident of Brazil, or indeed, residents of other countries. Could anyone provide some insight into this matter? In my opinion,...

I confess that this change seems a little strange to me. A broker that does not attract clients in Brazil and is based in a so-called tax haven does not seem reasonable to me to simply change overnight as happened with IC Markets.
Customers were not notified in advance. Furthermore, brokers such as Fusion Markets have not undergone any changes, even though they have a business model very similar to IC Markets, headquartered in Australia and a global branch serving Brazilian clients in Seycheles.
  • #7
  • Jan 5, 2025 9:07am Jan 5, 2025 9:07am
I have been moved to IC Trading too. And wonder how safe this will be.
vitorom - Have you had any issues transferring funds back and forth after the changes?
  • #8
  • Last Post: Jan 16, 2025 4:12am Jan 16, 2025 4:12am
Quoting tadeuonbrand
Im speculating they are creating a prop-firm inside IcMarkets.
Yes it's called IC Funded
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