All IC Markets clients continue to remain under IC Markets Australia​ – 25 June 2019

By | June 25, 2019

All IC Markets clients continue to remain under IC Markets Australia

IC Markets has reversed its decision to move its non Australian clients to Seychelles on 25 June 2019. Originally, on 21 June 2019, IC Markets sent out an emailer saying non-Australian clients will moved to IC Markets Seychelles as it was unsure if ASIC would allow it to continue servicing overseas clients.

This is because ASIC did not want to be seen as a lax jurisdiction where people come to because of regulatory arbitrage. i.e. avoid stricter trading restrictions, such as reduced leverage, in their home jurisdictions, like ESMA (Europe)

For the full commentary about the 21 June email, see here

The latest email reversing IC Markets decision to move its clients to its Seychelles entity is below. Kindly note all clients will continue to trade with IC Markets Australia with zero changes. Same good spreads, funding methods, regulator (ASIC)

ic markets clients continue to remain in Australia

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