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IC Trading regulation
Across a hundred brokers, the licence is what separates the field fastest. Here is IC Trading's regulatory record in full.
Facts last checked . Read the full IC Trading review.
Regulation and safety
- Regulated by
- Financial Services Commission of Mauritius (FSC), GB21026834
- Regulator tier
- Tier 2
- Register entry
- Mauritius FSC register, licence GB21026834
- Client money segregated
- Yes
- Held at
- Regulated banking institutions
- Negative balance protection
- Yes
- Compensation scheme
- No statutory investor compensation scheme
- Audited by
- Independent external auditor
- Not available to
- United States, Canada, Israel, New Zealand, Iran, North Korea and jurisdictions where services would contravene local law
Check the licence yourself: the Mauritius FSC register of licensees.
What this means
Across a hundred brokers, the licence is what separates the field fastest.
IC Trading's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.
An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.
Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about IC Trading regulation
Who regulates IC Trading?
IC Trading is regulated by Financial Services Commission of Mauritius (FSC), GB21026834.
Is client money segregated at IC Trading?
Yes. IC Trading holds client money separately from its own funds, at Regulated banking institutions.
Does IC Trading offer negative balance protection?
Yes. IC Trading offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Regulation at brokers under the same regulator
- TabTrade regulation also licensed by FSC (Mauritius)
- Eightcap regulation also licensed by FSC (Mauritius)
- Exness regulation also licensed by FSC (Mauritius)
- HF Markets regulation also licensed by FSC (Mauritius)
- FXTM regulation also licensed by FSC (Mauritius)