# IC Markets Global / IC — MT5 Seychelles research scope · Raw Trading Ltd. Documentation reviewed. Reference page: /demo-accounts/ic-markets-global-ic-mt5-sc.html 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. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Not recorded ## Balance qualifications Starting balance not established. ## Expiry category inactivity ## Expiry rule 30 days inactive (general demo FAQ) ## Expiry qualifications ## Evidence category Documentation reviewed ## Signup requirements Demo registration / Client Area ## Notes and remaining checks Initial balance unspecified. ## Record ID ic-markets-global-ic-mt5-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 mt5 ## Platform MT5 ## 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 ## Eligibility and regional limits Excludes residents of US, Canada, New Zealand, Iran, North Korea; additional local-law restrictions. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [IC Help Centre]() — source ID: ic-markets-global-ic-1 - [IC trading platforms]() — source ID: ic-markets-global-ic-2 ## Official information source [IC Help Centre]() ## 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]() — source ID: ic-markets-global-ic-reg-1 - [FSA — Scam Alert: Bulllivestream]() — source ID: ic-markets-global-ic-reg-2 - [IC — Regulation]() — source ID: ic-markets-global-ic-reg-3 - [Raw Trading Ltd — Risk Disclosure Notice (FSA-hosted complaint attachment)]() — source ID: ic-markets-global-ic-reg-4 ## Official entry route ### 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 ### 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]() — source ID: execution-ic-policy #### 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]() — source ID: execution-ic-policy #### 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]() — source ID: execution-ic-demo #### 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 · MT5. 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 ## Official sources ### IC help centre — demo versus live Source ID: execution-ic-demo https://www.ic.com/en/help-resources/help-centre #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Are demo accounts the same as live accounts? #### Source access note Primary page/PDF reopened in this pass ### Raw Trading Ltd execution policy — v1.4, July 2026 Source ID: execution-ic-policy https://cdn.icmarkets.com/uploads/FSA/Order_Execution_Policy_FSA.pdf #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Sections 1.1, 3.1, 12.1 and 14.2 #### Source access note Primary page/PDF reopened in this pass ### IC Help Centre Source ID: ic-markets-global-ic-1 https://www.ic.com/en/help-resources/help-centre #### claims MT4/5/cTrader demo recommendation; TradingView demo; 30-day inactivity; balance top-up; separate execution environment; Raw Trading Ltd and restrictions. Original icmarkets.com/global URL redirects here. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### IC trading platforms Source ID: ic-markets-global-ic-2 https://www.ic.com/en/trading-platforms #### claims Current platform catalogue corroborates MT4/5/cTrader/TradingView; does not establish every demo device variant. #### checked date 2026-10-12 #### verification Official documentation; no account opened or functional test ### FSA Capital Markets — current regulated-entities directory Source ID: ic-markets-global-ic-reg-1 https://fsaseychelles.sc/index.php/regulated-entities/capital-markets #### Source owner Regulator-authored and regulator-hosted #### Evidence category Lists Raw Trading Ltd, IC Markets Global / IC MARKETS (SC), icmarkets.sc and icmarkets.com. Retrieved entry does not print a licence number. #### source date List update date unstated; checked 2026-10-12 #### Source access note Direct official directory retrieved successfully. ### FSA — Scam Alert: Bulllivestream Source ID: ic-markets-global-ic-reg-2 https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-bulllivestream-fraudulent-company-the-fraudulent-company #### Source owner Regulator-authored and regulator-hosted #### Evidence category Says SD018 is linked to another licensed and regulated entity, without naming that holder. Warning targets Bulllivestream, not Raw Trading Ltd. #### source date 2025-05-21; checked 2026-10-12 #### Source access note Direct official notice retrieved. Does not close exact entity-to-number gap. ### IC — Regulation Source ID: ic-markets-global-ic-reg-3 https://www.icmarkets.sc/en/company/regulation #### Source owner Broker-authored and broker-hosted #### Evidence category States Raw Trading Ltd holds Seychelles Securities Dealer licence SD018. #### source date Update date unstated; checked 2026-10-12 #### Source access note Direct broker page retrieved; source for broker claim only. ### Raw Trading Ltd — Risk Disclosure Notice (FSA-hosted complaint attachment) Source ID: ic-markets-global-ic-reg-4 https://fsaseychelles.sc/images/complaints-files/cf_67459c77b3db5_risk_disclosure_notice_fsa.pdf #### Source owner Broker-authored; hosted by regulator as complaint attachment #### Evidence category Document identifies Raw Trading Ltd as the author and claims SD018 in its introduction/footer. #### source date Document publication date not established; checked 2026-10-12 #### Source access note PDF retrieved. FSA hosting does not make this a regulator-issued licence record.