IC Markets Is Legit checklist

The first step is identifying exactly which legal entity would hold your account, because a broker brand can span several companies in different jurisdictions with different oversight. Find the entity name and registration number in the account opening documents, then look that entity up in the relevant regulator's official register yourself. Confirm that the license is current, covers the services offered to you, and matches the company name on your client agreement. A mismatch between the marketing brand and the contracting entity is a detail worth understanding fully before you proceed.

Legitimate brokers publish clear terms on client money handling, such as whether funds are held in segregated accounts, and explain what dispute or complaint channels exist. Read these sections of the legal documents rather than assuming protections apply. Also note whether your entity's jurisdiction offers any compensation scheme and what its limits are; this varies widely and cannot be assumed from the brand alone. Document what the terms actually say so you can make an informed decision about how much capital you are comfortable placing with any single broker.

Beyond paperwork, practical checks matter. Be cautious of anyone contacting you unsolicited claiming to represent the broker, of account managers promising returns, or of instructions to pay into personal accounts, since clone firms impersonate well-known broker brands. Confirm you are on the broker's genuine website before entering personal details. Consider starting with a small deposit and completing a withdrawal to test the process before committing larger sums. For wider context, see the full review at /reviews/ic-markets, compare brokers at /tools/compare-brokers?brokers=ic-markets, or browse /reviews.