IC Markets: who it is and what it owns

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.

Ownershipprivate (founder Andrew Budzinski, reportedly 100% via Bud Corporation)
HeadquartersAustralia
Brokers1 broker · 1 website in total
Operating companies4
Regulator fines1
Last checked14 Oct 2026

Brokers of IC Markets

NameWebsiteLicensesOwner proof
IC Marketsicmarkets.comSeychelles FSAverified

Operating companies and licenses

CompanyWhereLicenses
Raw Trading LtdSeychellesSeychelles FSA SD018 offshore
IC Markets (EU) LtdCyprusCySEC 362/18
International Capital Markets Pty LtdAustraliaASIC AFSL 335692
IC Markets LtdBahamasSCB SIA-F214 (one source says SIA-F212) offshore
SCB SIA-F214

Regulator fines

DateRegulator / courtAmountReason
2025-11-01Other: 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

Sources