The UK Financial Conduct Authority has flagged what appears to be a clone of IC Market for offering financial services in the United Kingdom without authorization.
The financial markets regulator provided two phone numbers and four email address for the entity in question.
The warning also provided four domains for the red flagged company including www.icm-market.com, www.i-cmarketz.com, www.icmarketpro.com, www.ic-forexmarket.com.
The real IC Markets operates from website icmarkets.com.
FCA stated in the official warning:
We believe this firm may be providing financial services or products in the UK without our authorisation.
The warning added:
This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong.
Australia-headquartered retail brokerage firm IC Markets is licensed in multiple jurisdictions including Australia, Cyprus, Seychelles, and the Bahamas.
In the European Economic Area (EEA), the financial services provider operates under its authorisation granted by Cyprus Securities and Exchange Commission (CySEC).
