IC Markets Review UK – Is it FCA Regulated?
UK traders often ask whether IC Markets is FCA regulated. Below we explain its regulation status, how UK residents can (and can’t) use IC Markets, plus safer FCA-authorised alternatives.
About IC Markets
IC Markets is known for low spreads, fast execution, and support for MT4, MT5, and cTrader. The group operates multiple entities regulated in different jurisdictions (e.g., ASIC in Australia, CySEC in the EU, and SCB in The Bahamas). Availability and protections depend on which entity serves you.
Is IC Markets FCA Regulated?
No—IC Markets does not currently hold FCA authorisation. Consequently, UK clients who sign up are typically registered under an overseas entity. That affects your investor protections (e.g., you will not be covered by the UK’s FSCS compensation scheme).
Prefer an FCA-authorised option? Browse our curated list: FCA Regulated Brokers.
How UK Traders Can Use IC Markets
UK residents are usually onboarded by non-UK entities (e.g., EU/Bahamas), depending on your application.
No FSCS. Instead, protections follow the serving entity (e.g., EU rules or offshore terms). Always read the legal docs.
Leverage and CFD availability vary by entity. Check the account terms at sign-up.
Standard KYC/AML checks apply. You must register with your true residence.
Pros
- Ultra-low spreads & fast execution
- MT4, MT5 & cTrader support
- Strong algo/scalper appeal
- Broad CFD market coverage
Cons (UK)
- Not FCA-regulated; no FSCS
- Protections depend on non-UK entity
- Leverage/product terms vary by entity
- Some payment methods vary by region
Platforms & Tools
Popular for EAs, indicators, and a huge community.
Clean UI, depth-of-market, cBots, and advanced order types.
Low-latency options for algos; check entity availability.
Comparing platforms? See Best MetaTrader Brokers and Best TradingView Brokers.
Spreads, Fees & Leverage
IC Markets is widely known for low spreads and competitive commissions, which is why it’s popular with day traders and EAs. However, fees and leverage can differ by entity, so UK residents should review the fee schedule displayed during the account application.
- Check typical costs: Spreads & Commissions Guide
- Understand leverage rules: IC Markets Leverage Explained
- See minimum funding: Minimum Deposit
Safety & Investor Protection
- Not FCA-regulated ⇒ No FSCS cover for UK residents.
- Segregation of client funds and negative balance protection may apply depending on the entity serving you—review the legal documents during sign-up.
- For full FCA protection, choose an FCA-authorised broker.
FCA-Authorised Alternatives for UK Traders
IG
Long-standing UK broker with strong research and education.
Read Full Review →Pepperstone UK
Low spreads and solid execution with FCA oversight.
Read Full Review →XTB
Strong platform, education, and UK presence.
Read Full Review →IC Markets Review UK – FAQ
Is IC Markets FCA-regulated?
No. IC Markets does not currently hold FCA authorisation. UK residents are usually served by non-UK entities.
Can UK residents open an account with IC Markets?
Yes, in many cases via an overseas entity. However, FCA protections like FSCS will not apply.
Is IC Markets safe for UK traders?
Safety depends on the serving entity’s rules and safeguards. Review client-fund protection, negative balance policy, and legal documents before funding.
Does IC Markets offer MetaTrader and cTrader in the UK?
Yes, platform access is typically available, but exact features can vary by entity.
What are FCA-regulated alternatives to IC Markets?
Consider IG, Pepperstone UK, or XTB — see our FCA Regulated Brokers list.
Quick Comparison: IC Markets vs FCA-Regulated Brokers
| Broker | FCA Regulated? | Typical Spread (EUR/USD) | Platforms | Visit |
|---|---|---|---|---|
| IC Markets | No (ASIC, CySEC, SCB) | From 0.0 + commission | MT4, MT5, cTrader | Visit |
| IG | Yes | ~0.6 | ProRealTime, L2 Dealer | Visit |
| Pepperstone UK | Yes | From 0.0 + commission | MT4, MT5, cTrader, TradingView | Visit |
| XTB | Yes | ~0.1 (no commission) | xStation 5 | Visit |
Data based on typical published spreads and platform info as of August 2025. Always check each broker’s website for the latest terms.
Final Thoughts: IC Markets for UK Traders
IC Markets is not FCA-regulated, so UK traders are served by overseas entities with different protections and terms. If you’re comfortable with that, you’ll find the pricing and execution compelling; if not, choose an FCA-authorised alternative.