A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 97 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 100 | 12% |
| Withdrawal & exposure complaints | 72 | 12% |
| Offshore registration | 10 | 8% |
| Transparency (site/info/social) | 25 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| ASIC | Market Making (MM) | 335692 | Australia | — |
| CYSEC | Derivatives Trading License (MM) | 362/18 | Cyprus | — |
| FSA | Derivatives Trading License (EP) | SD018 | Seychelles | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| cTrader Raw Spread account | 1:500 | -- | -- | -- | ✓ |
| Islam | -- | -- | 0.0 | -- | ✓ |
| standard | 500:1 | -- | 1.0 | -- | ✓ |
| Raw Spread | 500:1 | $200 | 0.0 | -- | ✓ |
Across 4 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (4 reports) — the classic warning sign in forex.
0FAKE ICMarkets is a forex and CFD broker based in Australia, with records dating to 2021-07-05. It reports oversight from ASIC, CYSEC, FSA.
FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.
Overview compiled by FXCanary from regulatory records and public data. full FAKE ICMarkets review