Exclusive: IC Markets relocates some of its foreign clients to Seychelles

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Exclusive: IC Markets relocates some of its foreign clients to SeychellesInternational Capital Markets Pty Ltd. decided to ACN 123 289 109, AFSL No. 335692 (“IC Markets AU”) to stop providing financial services to clients in a number of countries with effect from 1 July 2019. Clients affected by this decision must register a new account with IC Markets SC regulated by the Seychelles Financial Services Authority if they wish to continue their use of the services of IC Markets AU. ICMarkets.

The countries that will be affected by this decision will be published next Monday. But so far, Egypt is not one of these countries, unlike Saudi Arabia.

The regulatory system of Seychelles allows clients IC Markets SC We continue to enjoy the same trading terms available on the Australian branch, including 1:500 leverage. IC Markets SC is a trademark of True ECN Trading Ltd, regulated by the Seychelles Financial Services Authority, Securities Dealer License Number: SD018. IC Markets (SC) is part of the IC Markets group of companies that provides online trading services to clients all over the world. Each group member is solely responsible for its customers.

This decision was made due to the recent changes to the Australian regulatory body ASIC as the Arabic Forex website published on the topic “ASIC requires brokers to close open positions for foreign clientsAnd further changes are expected to take place in Australia's regulatory environment in the coming months and years.

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