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 the independent Australian Government body established under the Australian Securities and Investments Commission Act 2001(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 account with Top -Tier Australian Banks. 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 operational expenses or purposes. Our Product Disclosure Statement outlines our client money handling policies.
Professional Indemnity Insurance is maintained.
IC Markets partners with only Top-Tier Australian Banks for its banking needs.
IC Markets is a member of the Australian Financial Complaints Authority (AFCA). AFCA is an approved Australian external dispute resolution scheme that fairly and independently resolves disputes between consumers and financial service providers that are members of AFCA.
’In accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, IC Markets has its AML/CTF program in place to ensure we comply with AML/CTF legislation. AML/CTF programs are vital in identifying, disrupting and preventing money laundering and terrorism financing. Our Anti-Money Laundering policy outlines the documents that you must provide us before opening an account.
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.