IC Markets Global / IC — MT4

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

Requires Verification

Recorded currency

Requires Verification

Expiry category

inactivity

Evidence category

Documentation reviewed

Signup requirements

Demo registration / Client Area

Notes and remaining checks

Initial balance unspecified.

Record ID

ic-markets-global-ic-mt4-sc

Broker

IC Markets Global / IC

Legal entity

Raw Trading Ltd

Research region codes

• SC

Research region code

SC

Research region

Seychelles

Research scope

Seychelles

Platform code

mt4

Platform

MT4

Documented terms

Separate from live execution environment

Balance reset or adjustment

Client Area Add Funds

Live account or deposit

New-client demo route; deposit requirement not stated

Devices

Not stated

Forex coverage

Forex; demo count unverified

What the evidence establishes

Official broker documentation; signup and trading not tested.

Supporting sources

• IC Help Centre
• IC trading platforms

Official information source

IC Help Centre

Official entry route

Open registration portal

Route type

portal

Notes and remaining checks

Demo registration portal; select your platform.

Evidence status

Official entry route

URL

https://secure.ic.com/en/Account/Register?type=demo

Route source

https://www.ic.com/en/help-resources/help-centre

Research checked

2026-10-13

Testing status

Not tested

Execution and demo realism

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

Scope

Raw Trading Ltd · Seychelles Forex CFDs; entity-wide policy, not a platform execution test. Documentation only; not account-tested.

Testing status

Not tested

Contractual role

Finding

Principal

Notes and remaining checks

Raw Trading Ltd remains the sole contractual counterparty, including when orders are transmitted to liquidity providers.

Supporting sources

• Raw Trading Ltd execution policy — v1.4, July 2026

Evidence status

Documented

Research checked

2026-10-13

Execution arrangement

Finding

Liquidity-provider pricing; broker counterparty

Notes and remaining checks

The policy describes multiple price feeds and possible transmission to external liquidity providers. This does not establish agency.

Supporting sources

• Raw Trading Ltd execution policy — v1.4, July 2026

Evidence status

Broker-reported

Research checked

2026-10-13

Demo realism

Finding

Separate from live execution

Notes and remaining checks

The help centre says demos are disconnected from the live trading environment and their performance is not guaranteed to match. This is general demo guidance, not a platform test.

Supporting sources

• IC help centre — demo versus live

Evidence status

Documented

Research checked

2026-10-13

Research review

Research checked

2026-10-13

Review outcome

Reviewed official documentation: role Principal; arrangement Liquidity-provider pricing; broker counterparty; demo Separate from live execution. No accounts opened or tested.

Remaining checks

• No functional account testing; confirm any remaining platform-specific charges and rejection behavior.

Demo markets

Scope

Raw Trading Ltd · Seychelles · MT4. Market coverage not yet reviewed.

Testing status

Not tested

Forex CFDs

Evidence status

Requires Verification

Notes and remaining checks

Forex CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

Cryptocurrency CFDs

Evidence status

Requires Verification

Notes and remaining checks

Cryptocurrency CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

API access

Evidence status

Requires Verification

Type

Requires Verification

Access route

Not established for this offering

Notes and remaining checks

API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.

Requirements

Confirm the account, platform and regional requirements with the broker.

Supporting sources

No supporting source recorded for this field.

Official documentation

No supporting source recorded for this field.

Research checked

Requires Verification

Testing status

Not tested

Entity and regulatory research

Evidence status

Needs checking

Legal entity

Raw Trading Ltd

Regulator

Seychelles Financial Services Authority (FSA)

Finding

The FSA directory independently lists Raw Trading Ltd with IC Markets Global / IC MARKETS (SC) and matching domains. Follow-up did not find a regulator-authored source explicitly matching that entity to SD018. A 21 May 2025 FSA clone warning confirms SD018 belongs to a licensed entity but does not name its legitimate holder. The exact Raw Trading Ltd–SD018 link remains a broker statement.

Scope

Keep the entity verification separate from licence-number verification. Do not infer that the clone warning concerns misconduct by Raw Trading Ltd. Broker-authored documents retain broker provenance even when hosted on fsaseychelles.sc. No negative licensing conclusion follows from this evidence gap.

Supporting sources

• FSA Capital Markets — current regulated-entities directory
• FSA — Scam Alert: Bulllivestream
• IC — Regulation
• Raw Trading Ltd — Risk Disclosure Notice (FSA-hosted complaint attachment)

Reading the evidence

Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.

Official sources