IC Markets issue notice to non-Australian residents


They will be migrating affected clients to its Seychelles entity.

IC Markets’ Australian subsidiary will stop providing services to clients outside of Australia at the end of June. 
In an email sent to clients, the retail broker said that regulatory developments meant that it would not be able to guarantee that it could provide its services to traders that aren’t based in Australia.

Heading to the Seychelles IC Markets will be doing the latter with its clients.
In the email it sent to clients warning them about the upcoming changes, the broker said that it would automatically migrate non-Australian clients to True ECN Trading Ltd – the business name of IC Markets (SC).