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International Capital Markets, known as IC Markets, is a regulated ECN broker headquartered in Australia, offering more than 236 tradable assets across Forex, Stocks, Indices, Commodities, Cryptocurrencies, Bonds and Futures on three different trading platforms.
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IC Markets Gets Hit Again with €50K Fine from CySEC after €200K Penalty
IC Markets (EU) Ltd has been fined €50,000 by the Cyprus Securities and Exchange Commission (CySEC) for breaches related to client order execution and cost transparency. This follows a previous €200,000 penalty for exceeding the EU’s 30:1 leverage limit. The latest fine includes €30,000 for not ensuring optimal outcomes in order execution, €10,000 for failing to implement effective measures for compliance, and another €10,000 for not providing ... [show/hide]
Wednesday 04 September, 2024
New GM Steps Up at IC Markets
IC Markets has appointed Ben Singleton as General Manager. Singleton, with over 20 years of financial industry experience, will be based in Sydney. He previously worked at Crédit Agricole CIB in Hong Kong for 17 years and held positions at Bank of America and Commonwealth Bank. Singleton holds a Bachelor of Business in Finance and Economics from the University of Technology Sydney. IC Markets is expanding globally, and it recently obtained a regulatory ... [show/hide]
Thursday 01 August, 2024
CySEC Fines IC Markets €200,000 for Leverage Violations
IC Markets (EU) allegedly offered up to 1000:1 leverage by onboarding traders under offshore entities, exceeding the EU's 30:1 leverage limit. In response, CySEC fined IC Markets €200,000, emphasizing the need to halt non-compliant operations to protect investors. IC Markets denies the allegations and plans to appeal. The company claims the decision was based on biased information from a former employee terminated for misconduct and accuses CySEC of ... [show/hide]
Friday 19 July, 2024
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