Score

1.43 /10
Danger

Fake IC Markets

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.41

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ICMarkets

Company Abbreviation

Fake IC Markets

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 000335692) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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User Reviews

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User comment

2

Comments

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James Sullivan
more than one year
I was scalping GBP/JPY, riding a volatile wave with precise stop-loss orders. Suddenly, the platform froze. When it thawed, my stop-loss was gone, replaced with a massive losing position. Apparently, their phantom fills even extend to stop-loss orders, ensuring you lose big when the market turns against you. I contacted their "customer service," which felt more like a comedy sketch. The robotic responses and complete lack of understanding were insulting. It was clear they had no intention of helping, just milking me for every penny.
I was scalping GBP/JPY, riding a volatile wave with precise stop-loss orders. Suddenly, the platform froze. When it thawed, my stop-loss was gone, replaced with a massive losing position. Apparently, their phantom fills even extend to stop-loss orders, ensuring you lose big when the market turns against you. I contacted their "customer service," which felt more like a comedy sketch. The robotic responses and complete lack of understanding were insulting. It was clear they had no intention of helping, just milking me for every penny.
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2024-01-26 18:08
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TT40185
more than one year
I used to trade with IC Markets, but they increased the fees for margin trading without any prior notice. Several of my positions were liquidated during the last update. It feels like they are being dishonest and acting like thieves. I would advise staying away from them.
I used to trade with IC Markets, but they increased the fees for margin trading without any prior notice. Several of my positions were liquidated during the last update. It feels like they are being dishonest and acting like thieves. I would advise staying away from them.
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2024-01-08 01:35
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