IC Markets Scam Review 2025 – Withdrawal Problems & Complaints

Introduction: Why Traders Are Calling IC Markets a Scam

IC Markets has marketed itself as a top-tier forex and CFD broker, claiming transparency, low spreads, and fast execution. However, in 2025, countless traders are raising concerns about withdrawal delays, poor customer support, and suspicious activity. Based on our direct interactions with IC Markets (including support chats that failed to resolve a withdrawal request), this review exposes the red flags that suggest IC Markets may not be as trustworthy as it claims.

If you’re searching for “IC Markets scam,” “IC Markets withdrawal problems,” or “Is IC Markets legit?” — read this before depositing a single dollar.

Company Background: Who Is IC Markets?

Founded: 2007 (Sydney, Australia)
Claims regulation: ASIC (Australia), CySEC (Cyprus), FSA (Seychelles)
Products: Forex, CFDs, crypto trading
Target audience: Retail traders worldwide

At first glance, IC Markets looks legitimate — it has been around for more than a decade and boasts millions in daily trading volume. However, the reality is different once you look closer at withdrawal problems, user complaints, and regulatory loopholes.

Withdrawal Problems: Real Chat Evidence (2025)

One of the most common complaints about IC Markets is blocked or delayed withdrawals. In our case, a withdrawal request went unanswered for more than a week. When we contacted live chat, support responded:

“Unfortunately, I cannot locate any attempting withdrawal on your profile.”

This response contradicts our own withdrawal request records. Instead of resolving the issue, IC Markets’ team stalled, redirected responsibility, and failed to provide a clear solution.

🚩 Red Flag: Legitimate brokers process withdrawals within 1–3 business days. Excuses, delays, or “we cannot locate your request” are classic scam signals.

IC Markets Complaints (From Other Traders)

Beyond our own experience, online forums are filled with IC Markets complaints:

Trustpilot Reviews (2025): Multiple 1-star reviews mentioning frozen accounts and missing withdrawals.
ForexPeaceArmy: Traders report sudden spreads, “off quotes” errors, and difficulty recovering funds.
Reddit Threads: Complaints about IC Markets’ Seychelles entity being used to avoid strict regulations.

Keywords: IC Markets scam complaints, IC Markets withdrawal issues, IC Markets fake regulation.

Regulation Check: Are They Really Licensed?

IC Markets promotes its ASIC, CySEC, and FSA regulation heavily. But here’s the catch:

ASIC regulation only applies to Australian clients. If you’re outside Australia, your account is likely registered under the offshore Seychelles entity, which offers minimal protection.
Offshore entities are notorious for:
- Ignoring complaints
- Delaying withdrawals
- Avoiding compensation claims

🚩 Red Flag: A broker hiding behind offshore licenses is a classic tactic in the forex scam playbook.

Comparison: IC Markets vs. Regulated Brokers

Feature	IC Markets	Regulated Brokers (e.g., IG, Pepperstone)
Regulation	Offshore (FSA Seychelles)	Tier-1 (FCA, ASIC)
Withdrawals	Delayed / Blocked	1–3 days
User Complaints	High (Trustpilot/Reddit)	Low
Transparency	Poor (contradictory answers)	Clear policies
Trust Score	⚠️ 3/10	✅ 9/10

This table shows why traders are safer with established, transparent brokers rather than IC Markets.

How to Spot a Scam Broker (Checklist 2025)

If you’re evaluating IC Markets or any other broker, watch out for these red flags:

Withdrawal Delays – excuses like “cannot locate your request.”
Offshore Registration – Seychelles, Vanuatu, Belize = danger zones.
Aggressive Bonuses – tied to unrealistic trading conditions.
Fake Support Promises – constant delays with no real action.
Negative Reviews – hundreds of unresolved complaints online.

IC Markets ticks several of these boxes.

User Experience: Our Direct Interaction

Here’s a breakdown of the actual IC Markets support chat we had:

Day 1: Submitted withdrawal request — no confirmation.
Day 3: Contacted support — told to “wait 24–48 hours.”
Day 7: Still no funds. Chat agent claimed “cannot locate withdrawal.”
Day 8: Case escalated — no updates provided.

This isn’t just bad service — it’s evidence of a broker obstructing access to client funds, which is one of the strongest scam indicators.

IC Markets Scam Verdict (2025)

After analyzing IC Markets’ withdrawal failures, regulatory loopholes, and widespread trader complaints, our conclusion is clear:

Trust Score: ❌ 3/10
Legitimacy: Highly questionable
Best Action: Avoid depositing, and if you already did, file a withdrawal request immediately and escalate complaints to regulators.

🚨 Verdict: IC Markets displays multiple red flags and fits the profile of a forex scam broker in 2025.

What to Do If You’ve Been Scammed by IC Markets

If you’re struggling to withdraw your money, act fast:

Stop Depositing – don’t send more funds.
File a Complaint – with ASIC, CySEC, or your local regulator.
Report Evidence – screenshots of chats, withdrawal requests.
Warn Others – post reviews on forums and social media.
Submit Your Case – Report a Scam Broker Here (internal link to your site’s form).

Your voice helps protect other traders from falling into the same trap.

Final Thoughts: Should You Trust IC Markets?

No. While IC Markets presents itself as a leading forex broker, the evidence of withdrawal problems, poor support, and offshore regulation strongly suggest scam behavior. Traders in 2025 should choose safer, regulated alternatives.

Before investing anywhere, always check regulation, read real user reviews, and use our scam alerts to stay safe.