• IC Markets Class Action

    Registration Form

  • Echo Law has commenced a class action against International Capital Markets Pty Ltd (trading as IC Markets) and its founder Mr Andrew Budzinski. It advances claims on behalf of retail investors who acquired ‘contracts for difference’ (CFDs) between 20 December 2017 and 23 August 2024, and suffered loss or damage.  

    The class action alleges that CFDs were highly risky and unsuitable financial products, and that IC Markets and Mr Budzinski engaged in misleading, deceptive and unconscionable conduct in the supply of CFDs to retail investors.  

    If you have suffered loss or damage as a result of acquiring CFDs with IC Markets, you may register by completing the steps below. It will not cost anything to register, and you will never be ‘out of pocket’ as a result of participating in this class action.  

    If you have any questions, please contact us by email at enquiries@echolaw.com.au.


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  • With which IC Markets companies have you traded?
  • How did you find out about IC Markets?
  • When opening your IC Markets account, did you use an 'introducing broker' ID or other referral code?
  • Had you engaged in CFD trading before opening your IC Markets account?
  • Did you use a demo account to trial trading with IC Markets?
  • Did you participate in any education programs run by IC Markets?
  • What have you used the IC Markets platform to trade?
  • Did you fund your trading with IC Markets with credit card debt?
  • Did you use your IC Markets account to hedge positions in investments held outside your IC Markets account?
  • Which platform(s) have you used to trade with IC Markets?
  • Did IC Markets ever contact you by phone to encourage you to trade?
  • Did IC Markets ever use email to encourage you to trade?
  • Did IC Markets ever provide you with financial incentives to trade (eg. rebates or special pricing)?
  • Did IC Markets ever provide you with non-financial incentives to trade (eg. access to special data or events)?
  • Did you upgrade to a Professional trading account to access higher leverage?
  • Did you transfer an IC Markets AU account to IC Markets Global (Raw Trading Pty Ltd, based in the Seychelles)?
  • Did IC Markets ever close out your CFD trades because of insufficient margin cover?
  • Did you ever suffer losses that exceeded the funds in your trading account?
  • Which of the following best describes your understanding of IC Markets pricing and fee/commission structure?
  • Do you still trade with IC Markets?*
  • Which of the following best describes the overall outcome (to-date) of your IC Markets trading?*
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