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IC Trading regulation: what happens if the firm fails

The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses IC Trading and what the protections are.

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

The licence is what decides where your money sits and who is obliged to do something about it.

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

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.

Is there a compensation scheme at IC Trading?

IC Trading's compensation scheme is recorded as: No statutory investor compensation scheme. A scheme covers the broker failing, not losses on your trades.

Regulation at brokers under the same regulator

More about IC Trading