Homepage > News > The Australian branch of IC Markets ends its services for clients from Europe

The Australian branch of IC Markets ends its services for clients from Europe

IC Markets AU ends the service of accounts belonging to persons from the European Union – this results from the mailing sent to customers affected by the changes. The cut-off date is May 28.

According to the information sent to clients from Europe who have accounts at the Australian branch of the broker, investors may transfer their accounts to IC Markets EU, an entity regulated by the Cyprus Securities and Exchange Commission (CySEC). After migration, the user will have access to an account with the same login, password, funds, and account settings.

ic markets au kończy obsługę klientów z unii europejskiej

Thanks to the conversation with the support of IC Markets, we have established that EU traders can also choose a broker branch regulated in Seychelles. Clients can migrate their accounts if they don’t have any open positions. You can check them here. By switching an account to Seychelles, the broker’s clients can enjoy higher leverage, up to 1: 500 (which, however, involves a high risk for their funds).

The changes introduced from May 28 apply only to people who have accounts in the Australian branch of IC Markets. They are probably a consequence of regulatory changes introduced recently by the ASIC. At the end of March this year, a product intervention came into force on the local Forex / CFD market, which limited the level of financial leverage and introduced many restrictions.

Author: Izabela Kamionka

Are you a trader?

Help others and rate your broker! Use the search engine or find your broker on the list.


Last news:

Energy crisis in Europe:

Energy crisis in Europe: More companies in the sector go bankrupt

Every day, energy costs hit new records. At the same time, financial burdens in various ...
Read More
eToro with a 66% increase in commission income in the third quarter of 2021

eToro will close the fourth quarter with approximately $290 million in commission income

EToro, which is on track to go public in the United States through its merger ...
Read More
Will China live up to the trade promises made to the US?

Will China live up to the trade promises made to the US?

The signing of a trade agreement between China and the US in January last year ...
Read More
fpmarkets broker adds 550 CFDs per stock

FP Markets is expanding its offer with more assets

The FP Markets broker has expanded its offer with new products available on the MT4 ...
Read More

Add a comment

Your email address will not be published. Required fields are marked *


Note: Opinions and posts on represent personal opinions and views of their respective authors and should not be interpreted as recommendations to purchase or sell securities. assumes no responsibility or liability for such content.
Go to top