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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

ICM

United Kingdom|5-10 years|
Straight Through Processing(STP)|United Kingdom Institution Forex License Revoked|High potential risk|

https://www.icm.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

ICMCapitalVC-Demo

United Kingdom
MT4
57

Influence

A

Influence index NO.1

Japan 6.90
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

57
Server Name
ICMCapitalVC-Demo MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Japan 6.90

Surpassed 24.70% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 207 634 9770
China.Support@ICMCapital.co.uk
https://www.icm.com/
Level 17, Dashwood House, 69 Old Broad St, London, EC2M 1QS, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

MY SCM
2020-01-01

Contact number

English

+44 207 634 9770

Other ways of contact

Broker Information

More

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-11-03
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 520965) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The FranceAMF regulation (license number: 73904) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

ICM · WikiFX Survey
Danger London EC2M 1NH UNITED KINGDOM
United Kingdom

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ICM · Company Summary

Company Summary

Company profile

ICM Review Summary in 10 Points
Founded 2009
Headquarters London, UK
Regulation FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs
Market Instruments Forex, precious metals, stocks, futures, securities, cryptocurrencies CFD
Demo Account Available
Leverage 1:200
EUR/USD Spread 1.2 pips
Trading Platforms MT4, MT5, cTrader
Minimum deposit $200
Customer Support 24/5 live chat, phone, email, WhatsApp or send messages

What is ICM?

ICM, or ICM Capital, is a UK-based online forex and CFD trading provider. It was established in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company offers trading services in a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. ICM also provides clients with access to the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms, and offers multiple account types to cater to the needs of different traders.

ICM's website

Pros & Cons

ICM offers several advantages for traders, including the provision of the popular MetaTrader platform and a wide range of tradable instruments across multiple asset classes. The broker is also regulated by reputable authorities.

However, there are some drawbacks, such as limited educational resources and research tools. Additionally, ICM is not available for clients in certain jurisdictions.

Pros Cons
• Regulated by multiple authorities • Limited educational resources
• Commission-free trading • No 24/7 customer support
• Islamic accounts offered • Limited research tools
• Negative balance protection
• MR4, MT5, cTrader supported

Note: The above table is based on general observations and may not be comprehensive. Pros and cons may vary depending on individual preferences and requirements.

ICM Alternative Brokers

There are many alternative brokers to ICM, each with their own unique features and offerings. Some popular alternatives include:

  • eToro: eToro is a well-known broker that offers social trading, allowing traders to follow and copy the trades of other successful traders.

  • IG: IG is a broker that offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.

  • XM: XM is a broker that offers low spreads and competitive pricing, as well as a range of educational resources for traders.

  • Plus500: Plus500 is a broker that offers commission-free trading and a range of trading instruments, including forex, stocks, and cryptocurrencies.

  • FXTM: FXTM is a broker that offers a range of trading platforms and a variety of trading instruments, including forex, stocks, and commodities.

  • It's important to do your own research and compare the features, fees, and offerings of different brokers before choosing one that best fits your trading needs and preferences.

Is ICM Safe or Scam?

ICM is a legitimate forex and CFD broker that is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA), Financial Services Commission of Mauritius, etc. The company also uses advanced security measures to protect clients' funds and personal information.

However, as with any financial service provider, it is always important to do your own research and due diligence before opening an account and investing your money.

How are you protected?

ICM protect their clients with many different protection measures. Specific details can be found in the table below:

Protection Measures Description
Regulation FCA, FSC, LabuanFSA, FSA, ARIF, CABs, QFC
Negative Balance Protection Clients can not lose more than their account balance in the event of a market downturn
Segregated Accounts Protect clients in the unlikely event of the broker's insolvency
SSL Encryption ICM's website and trading platforms use SSL encryption to ensure that all client information and transactions are secure
Two-Factor Authentication As an additional security measure to protect client accounts from unauthorized access

It's worth noting that while these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose.

Our Conclusion on ICM Reliability:

Based on the regulatory oversight, client fund protection, and risk management policies of ICM, it can be considered a relatively reliable broker. It is regulated by several reputable financial authorities, and it implements measures to ensure the security of its clients' funds.

However, like any other broker, there are still risks associated with trading, such as market volatility and price fluctuations, which should be taken into consideration. Though these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose

Market Instruments

ICM offers a variety of trading instruments across different asset classes, including:

  • Forex: ICM offers over 60 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and many more.

  • Precious metals: ICM provides trading opportunities for precious metals, including gold and silver, which are traded as CFDs.

  • Stocks: ICM allows clients to trade stocks from some of the world's most popular stock exchanges, including the NYSE and NASDAQ.

  • Futures: ICM provides access to futures contracts from various markets, including indices, commodities, and currencies.

  • Securities: ICM offers trading in bonds, bills, and notes issued by governments and corporations.

  • Cryptocurrencies CFDs: ICM also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as CFDs.

    It's worth noting that the availability of trading instruments may vary depending on the jurisdiction of the client.

Accounts

ICM offers two account types: ICM Direct (ECN) and ICM ZERO.

The ICM Direct (ECN) account has variable spreads starting from 1.2 pips and requires a minimum deposit of $200. It also offers a maximum leverage of 1:200.

The ICM ZERO account has spreads starting from 0.0 pips with a commission of $7 per lot traded and requires a minimum deposit of $1,000. It also offers a maximum leverage of 1:200. Both accounts offer access to the MT4, MT5 and cTrader trading platforms.

Leverage

ICM offers leverage up to 1:200 for forex trading. However, the maximum leverage available for other instruments such as indices, commodities, and cryptocurrencies may vary depending on the instrument and market conditions.

It is important to note that while leverage can increase potential profits, it also amplifies potential losses, and traders should use it with caution and employ appropriate risk management strategies.

Spreads & Commissions

ICM offers variable spreads, which means that the spread can fluctuate depending on market conditions. The spread for EUR/USD can start from as low as 1.2 pips on the ICM Direct account, while on the ICM ZERO account the spread can be as low as 0.0 pips, but with a commission of $7 per lot.

It's important to note that the spreads and commissions may vary depending on the account type, trading instrument, and market conditions. It's always recommended to check the latest information on the ICM website or trading platform.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
ICM 1.2 pips 0 ($7 per lot on ICM ZERO account)
eToro 1.0 pips 0
IG 0.75 pips 0
XM 0.9 pips 0
Plus500 0.6 pips 0
FXTM 1.3 pips 0

Note: Spreads and commissions are subject to change and may vary depending on the account type and trading platform used.

Trading Platforms

ICM offers MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader as trading platforms.

MetaTrader4 is a widely used platform among traders and offers a range of features such as automated trading and advanced charting tools.

MetaTrader5 is the successor to MT4 and includes additional features such as more advanced trading tools and indicators.

cTrader is a popular platform among ECN traders and offers advanced charting tools, level 2 pricing, and other advanced features.

Overall, ICM's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
ICM MT4, MT5, cTrader
eToro eToro Platform
IG IG Platform
XM MT4, MT5
Plus500 Plus500 Platform
FXTM MT4, MT5

Deposits & Withdrawals

ICM offers several deposit and withdrawal options for its clients.

Deposit methods include bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and China Union Pay. Withdrawal methods include bank wire transfer, Skrill, Neteller, FasaPay, and China Union Pay.

ICM does not charge any deposit or withdrawal fees, but fees may be charged by the payment provider. Withdrawals are usually processed within 24 hours, but may take longer depending on the payment method.

The minimum deposit amount for ICM Direct account is $200 and for ICM Zero account is $1,000.

ICM minimum deposit vs other brokers

ICM Most other
Minimum Deposit $200 $100

ICM Money Withdrawal

To withdraw funds from your ICM trading account, you need to follow these steps:

Step 1: Log in to your ICM client portal.

Step 2: Click on the “Withdrawal” button.

Step 3: Select the payment method you want to use.

Step 4: Enter the amount you want to withdraw and fill in any required details.

Step 5: Submit your withdrawal request.

ICM will then process your withdrawal request and send the funds to the payment method you selected. The processing time can vary depending on the payment method and your bank's processing times. It is recommended to check with your payment provider for more information.

Fees

ICM charges various fees that traders should be aware of. Apart from spreads and commissions, there are also some other fees that will be charged.

  • Inactivity fee: If an account is inactive for 180 days, ICM charges an inactivity fee of $50 per month.

  • Overnight swap fees: ICM charges overnight swap fees on positions held open overnight, which can be either positive or negative, depending on the trading instrument.

  • Conversion fees: If traders deposit or withdraw funds in a currency different from their account currency, ICM charges a conversion fee of 2%.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
ICM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 180 days of inactivity
eToro Free $5 $10/month after 12 months of inactivity
IG Free for most methods, bank wire may incur a fee $1.20 per withdrawal £12/month after 24 months of inactivity
XM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 90 days of inactivity
Plus500 Free $1.3 - $39 depending on the withdrawal method used $10/month after 3 months of inactivity
FXTM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 6 months of inactivity

It is important to note that fees may vary depending on the account type, trading instrument, and market conditions. Traders should always check the latest fee schedule on ICM's website before trading.

Customer Service

ICM offers customer support 24/5 via live chat, phone, email, WhatsApp or send messages online to get in touch.

You can also follow some social networks such as LinkedIn, YouTube, Instagram, Facebook and Twitter.

Pros Cons
• 24/5 customer support via phone, email, and live chat • No 24/7 customer support
• Personal account managers for certain account types • No in-person customer support
• Multilingual customer support • Limited educational resources on customer support page
• Quick response times to customer inquiries

Note: These pros and cons are subjective and may vary depending on the individual's experience with ICM's customer service.

Overall, ICM's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Conclusion

In conclusion, ICM is a regulated broker that offers a range of trading instruments and account types. The broker has a strong emphasis on customer protection and provides negative balance protection to its clients. Additionally, the broker offers a demo account for traders to practice their trading strategies before investing real money.

ICM offers two account types with different spreads and commissions, and clients can choose between MT4, MT5, and cTrader as their trading platforms. The broker offers multiple deposit and withdrawal options, and fees are relatively competitive compared to other brokers in the industry.

In terms of customer service, ICM has a knowledgeable support team that can be reached through email, phone, or live chat. However, the broker's educational resources could be more extensive to cater to novice traders.

Frequently Asked Questions (FAQs)

Q 1: Is ICM regulated?
A 1: Yes. It is regulated by FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs.
Q 2: At ICM, are there any regional restrictions for traders?
A 2: Yes. ICM does not provide services to residents of the USA, North Korea and a few other countries.
Q 3: Does ICM offer industry-standard MT4 & MT5?
A 3: Yes. Both MT4 and MT5 are available. It also supports cTrader.
Q 4: What is the minimum deposit for ICM?
A 4: The minimum deposit requirement at ICM is $200.
Q 5: Is ICM a good broker for beginners?
A 5: Yes. ICM is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement on the leading MT4 and MT5 platforms.
ICM Review Summary in 10 Points
Founded 2009
Headquarters London, UK
Regulation LabuanFSA
Market Instruments Forex, precious metals, stocks, futures, securities, cryptocurrencies CFD
Account Types ICM Direct (ECN), ICM Zero, and ICM Micro
Demo Account Available
Leverage 1:200
EUR/USD Spread 1.2 pips
Commissions $7 per round lot of ICM Zero Account
Trading Platforms MT4, MT5, cTrader
Minimum deposit $200
Customer Support 24/5 live chat, phone, email, WhatsApp or send messages

What is ICM?

ICM, or ICM Capital, is a UK-based online forex and CFD trading provider. It was established in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company offers trading services in a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. ICM also provides clients with access to the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms, and offers multiple account types to cater to the needs of different traders.

ICMs website

Pros & Cons

ICM offers several advantages for traders, including the provision of the popular MetaTrader platform and a wide range of tradable instruments across multiple asset classes. The broker is also regulated by reputable authorities.

However, there are some drawbacks, such as limited educational resources and research tools. Additionally, ICM is not available for clients in certain jurisdictions.

Pros Cons
• Regulated by multiple authorities • Limited educational resources
• Commission-free trading • No 24/7 customer support
• Islamic accounts offered • Limited research tools
• Negative balance protection
• MR4, MT5, cTrader supported

Note: The above table is based on general observations and may not be comprehensive. Pros and cons may vary depending on individual preferences and requirements.

ICM Alternative Brokers

There are many alternative brokers to ICM, each with their own unique features and offerings. Some popular alternatives include:

  • eToro: eToro is a well-known broker that offers social trading, allowing traders to follow and copy the trades of other successful traders.

  • IG: IG is a broker that offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.

  • XM: XM is a broker that offers low spreads and competitive pricing, as well as a range of educational resources for traders.

  • Plus500: Plus500 is a broker that offers commission-free trading and a range of trading instruments, including forex, stocks, and cryptocurrencies.

  • FXTM: FXTM is a broker that offers a range of trading platforms and a variety of trading instruments, including forex, stocks, and commodities.

It's important to do your own research and compare the features, fees, and offerings of different brokers before choosing one that best fits your trading needs and preferences.

Overall ICM Rating

Based on various factors such as trading conditions, customer support, licenses and regulations, educational resources, and overall reputation in the industry, ICM is considered a legitimate broker.

ICM Overall Rating is 8 out of 10 based on our testing and compared to other brokers, see our rating below compared to other alternative brokers.

Broker Rating (10) Most notable pro
ICM 8 Strong regulatory framework
eToro 9 Social trading platform
IG 8 Wide range of markets
XM 8 Low minimum deposit
Plus500 7 No commissions
FXTM 8 Good educational resources

Is ICM Safe or a Scam?

ICM is a forex and CFD broker that operates under the regulatory oversight of several reputable financial authorities. It is regulated by the Financial Conduct Authority (FCA) in the UK, although it's important to note that its FCA license (No. 520965) has been revoked. Additionally, ICM is regulated by the Financial Services Commission of Mauritius and holds a Malaysia STP license from LFSA with license number MB/18/0029. However, it is flagged by AMF as a suspicious clone under the France Retail Forex License with license number 73904.

Is ICM Safe or a Scam?
Is ICM Safe or a Scam?
Is ICM Safe or a Scam?

However, as with any financial service provider, it is always important to do your own research and due diligence before opening an account and investing your money.

Our Conclusion on ICM Reliability:

Based on the regulatory oversight, client fund protection, and risk management policies of ICM, it can be considered a relatively reliable broker. It is regulated by several reputable financial authorities, and it implements measures to ensure the security of its clients' funds.

However, like any other broker, there are still risks associated with trading, such as market volatility and price fluctuations, which should be taken into consideration. Though these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose.

Market Instruments

ICM offers a variety of trading instruments across different asset classes, including:

  • Forex: ICM offers over 60 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and many more.

  • Precious metals: ICM provides trading opportunities for precious metals, including gold and silver, which are traded as CFDs.

  • Stocks: ICM allows clients to trade stocks from some of the world's most popular stock exchanges, including the NYSE and NASDAQ.

  • Futures: ICM provides access to futures contracts from various markets, including indices, commodities, and currencies.

  • Securities: ICM offers trading in bonds, bills, and notes issued by governments and corporations.

  • Cryptocurrencies CFDs: ICM also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as CFDs.

Market Instruments

It's worth noting that the availability of trading instruments may vary depending on the jurisdiction of the client.

ICM Accounts Review

ICM offers three distinct account types tailored to meet various trading preferences: ICM Direct (ECN), ICM Zero, and ICM Micro. All three accounts allow trading in multiple currencies including USD, EUR, GBP, or SGD and offer a leverage of 1:200 across the board.

The ICM Direct (ECN) account is designed for traders looking for direct market access with no commission charges. It supports a minimum transaction size of 0.01 lot and provides access to a wide range of instruments including Forex, Metals, Futures, Shares, and Cash CFDs. This account type does not specify minimum stop/limit levels for Forex & Metals which can be advantageous for traders looking for flexibility in placing orders.

The ICM Zero account caters to those who prefer trading with zero spread on Forex as it offers a spread of 0(2) but includes a commission of $7 per round lot. Like the ICM Direct account, it supports a minimum transaction size of 0.01 lot and provides access to the same wide range of financial instruments without minimum stop/limit levels.

Lastly, the ICM Micro account is suitable for traders who wish to trade smaller lot sizes; it allows trading in micro lots starting from 0.01 micro lot. This account also charges no commission and offers the same broad access to financial instruments as the other accounts.

ICM Accounts Review

Leverage

ICM offers leverage up to 1:200 for forex trading. However, the maximum leverage available for other instruments such as indices, commodities, and cryptocurrencies may vary depending on the instrument and market conditions.

Spreads & Commissions

ICM offers variable spreads, which means that the spread can fluctuate depending on market conditions. The spread for EUR/USD can start from as low as 1.2 pips on ICM Direct account, while on ICM ZERO account the spread can be as low as 0.0 pips, but with a commission of $7 per lot.

It's important to note that the spreads and commissions may vary depending on the account type, trading instrument, and market conditions. It's always recommended to check the latest information on the ICM website or trading platform.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
ICM 1.2 pips 0
eToro 1.0 pips 0
IG 0.75 pips 0
XM 0.9 pips 0
Plus500 0.6 pips 0
FXTM 1.3 pips 0

Trading Platforms

ICM offers MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader as trading platforms.

MetaTrader4 is a widely used platform among traders and offers a range of features such as automated trading and advanced charting tools.

MetaTrader5 is the successor to MT4 and includes additional features such as more advanced trading tools and indicators.

cTrader is a popular platform among ECN traders and offers advanced charting tools, level 2 pricing, and other advanced features.

Trading Platforms

Overall, ICM's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platforms
ICM MT4, MT5, cTrader
eToro eToro Platform
IG IG Platform
XM MT4, MT5
Plus500 Plus500 Platform
FXTM MT4, MT5

Deposits & Withdrawals

ICM offers several deposit and withdrawal options for its clients.

Deposit methods include bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and China Union Pay. Withdrawal methods include bank wire transfer, Skrill, Neteller, FasaPay, and China Union Pay.

ICM does not charge any deposit or withdrawal fees, but fees may be charged by the payment provider. Withdrawals are usually processed within 24 hours, but may take longer depending on the payment method.

The minimum deposit amount for ICM Direct account is $200 and for ICM Zero account is $1,000.

ICM minimum deposit vs other brokers

ICM Most other
Minimum Deposit $200 $/€/£100

ICM Money Withdrawal

To withdraw funds from your ICM trading account, you need to follow these steps:

Step 1: Log in to your ICM client portal.

Step 2: Click on the “Withdrawal” button.

Step 3: Select the payment method you want to use.

Step 4: Enter the amount you want to withdraw and fill in any required details.

Step 5: Submit your withdrawal request.

ICM will then process your withdrawal request and send the funds to the payment method you selected. The processing time can vary depending on the payment method and your bank's processing times. It is recommended to check with your payment provider for more information.

Fees

ICM charges various fees that traders should be aware of. Apart from spreads and commissions, there are also some other fees that will be charged.

  • Inactivity fee: If an account is inactive for 180 days, ICM charges an inactivity fee of $50 per month.

  • Overnight swap fees: ICM charges overnight swap fees on positions held open overnight, which can be either positive or negative, depending on the trading instrument.

  • Conversion fees: If traders deposit or withdraw funds in a currency different from their account currency, ICM charges a conversion fee of 2%.

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee Inactivity Fee
ICM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 180 days of inactivity
eToro Free $5 $10/month after 12 months of inactivity
IG Free for most methods, bank wire may incur a fee $1.20 per withdrawal £12/month after 24 months of inactivity
XM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 90 days of inactivity
Plus500 Free $1.3 - $39 depending on the withdrawal method used $10/month after 3 months of inactivity
FXTM Free for most methods, bank wire may incur a fee Free for most methods, bank wire may incur a fee $5/month after 6 months of inactivity

Bonus

ICM offers a promotional 10% credit bonus to its clients. This bonus is applicable on each new deposit made over the amount of 1,000 USD. This promotion is designed to provide additional trading leverage and enhance the trading capacity of ICM's clients by directly increasing their trading equity with the bonus. Its an opportunity for traders to increase their investment potential simply by adding more funds to their accounts.

Bonus

Customer Service

ICM offers customer support 24/5 via live chat, phone, email, WhatsApp or send messages online to get in touch. You can also follow some social networks such as LinkedIn, YouTube, Instagram, Facebook and Twitter.

Pros Cons
• 24/5 customer support via phone, email, and live chat • No 24/7 customer support
• Personal account managers for certain account types • No in-person customer support
• Multilingual customer support • Limited educational resources on customer support page
• Quick response times to customer inquiries

Conclusion

In conclusion, ICM is a regulated broker that offers a range of trading instruments and account types. The broker has a strong emphasis on customer protection and provides negative balance protection to its clients. Additionally, the broker offers a demo account for traders to practice their trading strategies before investing real money.

ICM offers two account types with different spreads and commissions, and clients can choose between MT4, MT5, and cTrader as their trading platforms. The broker offers multiple deposit and withdrawal options, and fees are relatively competitive compared to other brokers in the industry.

In terms of customer service, ICM has a knowledgeable support team that can be reached through email, phone, or live chat. However, the broker's educational resources could be more extensive to cater to novice traders.

FAQs

What trading platforms does ICM offer?

ICM provides access to popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

What types of accounts does ICM offer?

ICM offers multiple account types to suit different trader profiles:

  • ICM Direct (ECN): Offers variable spreads starting from 1.2 pips with a minimum deposit of $200.

  • ICM ZERO: Features spreads from 0.0 pips with a commission of $7 per lot, requiring a minimum deposit of $1,000.

How does ICM ensure client fund safety?

ICM adheres to strict regulatory guidelines under its FCA license, providing measures like Negative Balance Protection and segregating client funds from company funds.

What leverage does ICM provide?

ICM offers leverage up to 1:200 for forex trading.

Are there any fees or commissions charged by ICM?

ICM charges variable spreads and commissions depending on the account type. For instance, the ICM Direct account might offer spreads starting at 1.2 pips with no additional commission.

How can I deposit or withdraw funds from my ICM account?

Deposits and withdrawals can be made through various methods including bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller.

News

ICM.com Seeks to Cancel UK Subsidiary's FCA License

ExposureICM.com Seeks to Cancel UK Subsidiary's FCA License

2024-05-17 16:39

ICM.com has filed to cancel the FCA license for its UK branch, ICM Capital Limited, amidst financial struggles.

WikiFX
2024-05-17 16:39
Exposure
ICM.com Seeks to Cancel UK Subsidiary's FCA License
WIKIFX REPORT: ICM Capital grows client assets 2x to £6.1M in 2020

NewsWIKIFX REPORT: ICM Capital grows client assets 2x to £6.1M in 2020

2022-06-21 14:42

ICM Capital Ltd, an FCA-regulated retail forex broker, has released its 2020 financials, which indicate relatively flat activity for the year but steady long-term increase in client deposits.

WikiFX
2022-06-21 14:42
News
WIKIFX REPORT: ICM Capital grows client assets 2x to £6.1M in 2020
WIKIFX REPORT: ICM Capital Releases Financial Results In Fy20 With A Net Profit Of £177,000

NewsWIKIFX REPORT: ICM Capital Releases Financial Results In Fy20 With A Net Profit Of £177,000

2022-06-17 14:50

ICM Capital Limited, a forex and CFDs broker, has released its financial reports for the fiscal year ending December 31, 2021. After a disappointing profit performance the previous financial year, the FCA-regulated broker reported a net profit of £177,015 this year.

WikiFX
2022-06-17 14:50
News
WIKIFX REPORT: ICM Capital Releases Financial Results In Fy20 With A Net Profit Of £177,000
ICM Capital Offers £1,000,000 Insurance for FX and CFD Traders

NewsICM Capital Offers £1,000,000 Insurance for FX and CFD Traders

2022-06-17 14:39

ICM Capital today announces it has enhanced its client-fund protection to cover £1,000,000. This new insurance is available to all ICM Capital live account holders at no additional cost and is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London.

WikiFX
2022-06-17 14:39
News
ICM Capital Offers £1,000,000 Insurance for FX and CFD Traders

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