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Regulation

 

International Capital Markets Pty Ltd (IC Markets) is authorised and regulated by the Australian Securities and Investments Commission (ASIC), licence number 335692.

ASIC has in place capital adequacy requirements and requires licence holders have in place internal risk management and staff training procedures. External audits supplement IC Markets operational and accounting processes and ensure regulatory compliance.

 

Benefits

  • Regulated by ASIC, Australian Financial Services Licence Number 335692
  • Australian Based 
  • Client Segregated trust accounts with Australian Banks – Westpac and NAB
  • Professional Indemnity Insurance – Lloyds of London
  • Member of external dispute resolution scheme – FOS
  • Externally Audited

 

About ASIC

ASIC is the financial services regulator in Australia responsible for ensuring that financial markets in Australia are fair and transparent, supported by confident and informed investors and consumers. ASIC is an independent Commonwealth Government body established under the Australian Securities and Investments Commission Act (ASIC Act), carrying out most of its work under the Corporations Act.

 

Segregation of Client Funds

When funding your trading account client funds are held in client segregated trust accounts at Australian Banks, National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). IC Markets complies with the Australian Client Money Handling Rules and employs strict policies and procedures regarding the maintenance and operation of these accounts.

IC Markets holds client money separately to company funds and does not use these funds for any purpose other than to maintain margin needed to cover positions opened by clients. Our product disclosure statement outlines our client money handling policies.

 

Insurance

Professional Indemnity Insurance is maintained with Lloyd’s of London.

 

Banking Relationships

IC Markets banks with the National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both top-tier Australian Banks.

 

Professional Memberships

IC Markets is a member of the Financial Ombudsman Service (FOS). FOS is an approved Australian external dispute resolution scheme that fairly and independently resolves disputes between consumers and member financial services providers.

 

External Audit

IC Markets has in place an external Independent Auditor to ensure compliance with our regulatory obligations and operational processes.

 

Anti-Money Laundering

In accordance with the Australian Anti-Money Laundering and Counter Terrorism Financial Act 2006 IC Markets  has in place a policies and procedures to ensure compliance with the law. These polices and procedures are designed to prevent money laundering activities occurring. Our Anti-Money laundering policy outlines the documents that you must provide us before opening an account.

 

Licence

International Capital Markets hold an Australian financial services licence (AFSL) No. 335692 and is Authorised to carry on a financial services business in Australia, limited to the financial services covered by our AFSL.

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