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Resolved
IC Markets registered by Chinese clients are all shell companies, using licenses that exceed their scope of operation, and they eat customer losses!
Mediating Parties
IC Markets Global IC Markets Global
Issue

Unable to Withdraw

Requirement

Withdrawal

Settlement Amount

$29,200(USD)

Time

31day0hour

Mediation Status
Resolved
BU

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IC Markets forex platform manipulates trading data through domestic servers (servers in China and Hong Kong) in the background, with frequent slippage of abnormal magnitude (e.g., gold spread reaching $70) to profit from customer losses. IC Markets forex platform's funds never enter the real market; it adopts a betting approach and is a company that profits from client losses. The platform only makes money when investors lose. It deliberately causes customers to lose through background manipulation of trading data in order to extract more profits. IC claims to be regulated by Australia's ASIC and other international regulators, but the regulatory information is not genuine. In fact, the servers are located in mainland China and Hong Kong, making it a regulatory shell. IC Markets uses a seemingly legitimate license as a facade, while conducting transactions through other unregulated or over-limit licensed companies. If the platform encounters problems, it will not be penalized by regulatory bodies and can recklessly exploit investors. Seychelles (FSA) Raw Trading Ltd is indeed regulated, but IC Markets, the only company that is both promoted on its official website and regulated, is not used for trading on MT4/5. Instead, other companies with numerous license issues are used for trading on MT4/5. IC Markets forex platform has forged regulatory qualifications, manipulates trading data in the background, and profits from customer losses. If the principal is not refunded, we will continue to expose this!

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