Who owns IC Markets?

IC Markets is run by Raw Trading Ltd, Seychelles. It holds a licence from Seychelles FSA (SD018). The company is private (founder Andrew Budzinski, reportedly 100% via Bud Corporation).

Ultimate owner	IC Markets (private (founder Andrew Budzinski, reportedly 100% via Bud Corporation))
Operating company	Raw Trading Ltd, Seychelles · reg. 8419879-1
Licenses	Seychelles FSA SD018 offshore
Website	icmarkets.com
Sister brokers	0
Fines and actions	1
Owner proof	verified
Last checked	14 Oct 2026

In numbers

1 regulator fine against the owner since 2025.

Licences

Regulator	Type	Valid	Check it
Seychelles FSA SD018 offshore	—	active	register

About IC Markets

Sydney-founded raw-spread CFD broker, now rebranding to 'IC'. Its global site is run by Seychelles-licensed Raw Trading Ltd, separate from its Australian and Cyprus entities.

Headquarters: Australia · Founded: 2007 · Ownership: private (founder Andrew Budzinski, reportedly 100% via Bud Corporation)

How we know, and what we could not confirm

How we know: icmarkets.com now redirects to ic.com. 'IC' and 'IC Markets Global' are trading names of Raw Trading Ltd (Seychelles FSA SD018); EU visitors are told to use IC Markets (EU) Ltd (CySEC 362/18).

Everything IC Markets owns, with fines and sources →

Regulator fines

Date	Company	Regulator / court	Amount	Reason
2025-11-01	IC Markets (icmarkets.com)	Other: Reserve Bank of India	—	Named on RBI 'Alert List' of forex platforms not authorised to deal with Indian residents (listing, not a fine). Exact list date/day approximate - Nov 2025 version. source

Ratings elsewhere

Trustpilot: read the reviews there

Ratings from other websites, with their source. We do not copy their reviews, and they do not change our facts.