So today I have received this email from my broker (ICmarkets) which states the following:
Your trading account(s) requires your attention.
Due to your country of residence, you need to select and confirm an IC Markets entity by 19th March 2021 to continue to trade with us.
As a global company with multiple regulated entities within its group, IC Markets gives you the ability to select an entity that is better suited for you.
Take action by the 19th March 2021 or we may not be able to continue servicing you.
Click on the button below to make your selection (you will need to log into your Client Area if you are not logged in already)."
Basically I have 3 options
- ICmarkets EU
- ICmarkets Global
- ICmarkets AU
I’m currently based in Belgium, but I prefer staying with ICmarkets AU, because I have heard that the regulations in AU are a bit more strict and reliable. ICmarkets EU is regulated by the CySEC, which I have heard some bad things about.
Are there any problems if I stay with ICmarkets AU? If so, could anyone please tell me why.
I would also like to know it it’s better to switch over to ICmarkets EU.
Any other tips are welcome!
Thanks in advance