ICM Capital Review

ICM Capital

ICM Capital

www.icmcapital.co.uk

  • Leverage: 1:30 | 1:200

  • Regulation: FCA, FSC, FSA, ARIF, SCAB, QFC

  • Min. Deposit: $200

  • HQ: UK

  • Platforms: MT4

  • Found in: 2009

ICM Capital Licenses

Top 3 Forex Brokers

  1. ICM Capital Pros and Cons
  2. Is ICM Capital Safe or Scam?
  3. Trading Platform
  4. Fees
  5. Spread
  6. Leverage
  7. Deposits and Withdrawals
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about ICM Capital.

What is ICM Capital?

ICM Capital is an international online Forex and CFD trading firm offering access to a diverse range of trading products including Forex and CFDs on Indices, Commodities, Cryptos, Futures, and more.

ICM Capital Limited is a London-based broker, that operates as a wholly-owned subsidiary of ICM Holding SARL (Luxembourg). Additionally, support and operation offices have been established in Dubai and Shanghai.

ICM Capital Pros and Cons

ICM Capital is a reliable broker with ECN trading technology and good technical solitons. Spreads are low and average and there is a good education section.

For the Cons, the trading instruments are limited to CFDs and OTC assets, and there is no 24/7 customer support.

AdvantagesDisadvantages
FCA licensed broker with a strong establishmentConditions may vary according to regulation and entity
Globally recognized and awarded No 24/7 customer support
Competitive trading costs and spreads
MT4 trading platform
Quality customer support

ICM Capital Review Official Website

ICM Capital Review Summary in 10 Points
🏢 HeadquartersUK
🗺️ RegulationFCA, FSC, FSA, ARIF, SCAB, QFC
🖥 PlatformsMT4
📉 InstrumentsOTC Spot Foreign Exchange, OTC Precious Metals, OTC US Stocks, OTC Energy Futures, OTC Index Futures, Cash CFDs
💰 EUR/USD Spread1.1 pips
🎮 Demo AccountProvided
💳 Minimum deposit$200
💰 Base currenciesGBP, USD, EUR
📚 EducationAll-inclusive education center designed for traders at all levels.
☎ Customer Support24/5

Overall ICM Capital Ranking

ICM Capitals is considered a good broker with safe and favorable trading conditions with transparency. The broker offers a range of trading services with competitive trading costs. As one of the good advantages, ICM Capital is available in many countries, so traders can sign in also with the lowest spreads.

  • ICM Capital Overall Ranking is 9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingICM CapitalCapital IndexADS Securities
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesHigh LiquidityTrading ConditionsTrading Instruments

ICM Capital Alternative Brokers

ICM Capital offers good trading conditions, a range of trading instruments, also low trading spreads, and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to ICM Capital:

Awards

Various international awards have recognized ICM Capital as a leading institution within the UK, as well as MENA regions and others.

ICM Capital Review Awards

Is ICM Capital Safe or Scam?

No, ICM Capital is not a scam. The broker with its headquarter in London is authorized and regulated in the UK by FCA.

Is ICM Capital Legit?

Yes, ICM Capital is a legit and regulated broker in various jurisdictions. 

The broker is authorized and regulated by FCA, which regulates the financial services industry in the United Kingdom, with the aim to protect consumers and ensure the industry remains stable.

See our conclusion on ICM Capital Reliability:

  • Our Ranked ICM Capital Trust Score is 9.2 out of 10 for good reputation and service over the years, also for a reliable top-tier license. The only point is that regulatory standards and protection vary based on the entity.
ICM Capital Strong PointsICM Capital Weak Points
Regulated broker with a strong establishmentRegulatory standards and protection vary based on the entity
FCA license and overseeing
Negative balance protection
Compensation scheme
Global coverage

How Are You Protected?

Being one of the most reputable and sharp authorities within the Financial industry, FCA status delivers security of funds provided to the clients under the Financial Services Compensation Scheme (FSCS) covering up to £50,000 in the event ICM Capital becomes insolvent. ICM enhanced this with the additional protection of up to £1,000,000 backed by substantial global capital and available to all live account clients with no additional cost.

ICM Capital Review License

Leverage

Being a UK-based regulated broker ICM Capital follows strict guidelines set by the regulatory authority. Leverage levels fall under particular set of rules, alike UK and European regulators set a limitation towards maximum offered leverage levels, as ESMA recognizes a potential risk in case very high leverage is used.

  • European traders are eligible to use low leverage up to 1:30 for Forex products, 1:5 for CFDs, and 1:10 for Commodities.
  • While other non-European traders under international entity may apply for leverage up to 1:200 for ICM Direct and ICM Zero account types.

Account Types

ICM Capital offers two account types: ICM Direct and ICM Zero accounts. The broker also caters to those who want to practice their trading techniques, by providing the option of opening a risk-free Demo account.

ICM Capital offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

ProsCons
Fast account openingAccount types and proposals may vary according to jurisdiction
Low minimum deposit
Hedging and scalping allowed
Demo and Islamic accounts available
Account base currencies USD, EUR, GBP or SGD

ICM Capital Review Accounts

How to Open ICM Capital Live Account?

Opening an account with ICM Capital is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Create Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

Trading Instruments

ICM Capital offers its clients OTC Spot Foreign Exchange, OTC Precious Metals, OTC US Stocks, OTC Energy Futures, OTC Index Futures, Cash CFDs, and more.

  • ICM Capital Markets Range Score is 8.9 out of 10 for wide trading instrument selection among Forex, Stocks, Indicies, Cryptos, and more.

ICM Capital Review Trading Instruments

ICM Capital Fees

ICM Capital fee structure is simple as it is based on a spread. Also, always consider funding or inactivity fees.

In a standard account feature, you should count on the rollover rates if you hold a long position. For instance, the EUR USD long buying position will impose -$7.86 while selling will gain $2.68 per lot.

  • ICM Capital Fees are ranked average, low with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers.

FeesICM Capital FeesCapital Index FeesTickmill Fees
Deposit feeNoNoNo
Withdrawal feeNoNoNo
Inactivity feeYesYesNo
Fee rankingLow, AverageLow, AverageLow

Spreads

The broker keeps the spreads for all markets consistently lower among the offering. Based on our finds the average spread for EUR USD is 1.1 pips.

  • ICM Capital Spreads are ranked low with an overall rating of 8.9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower, and spreads for other instruments are very attractive too.
Asset/ PairICM Capital SpreadCapital Index SpreadTickmill Spread
EUR USD Spread1.1 pips1.1 pips0.3 pips
Crude Oil WTI Spread474
Gold Spread450.5 20
BTC USD Spread--12

ICM Capital Review Spread

Deposits and Withdrawals

ICM Capital offers several ways to transfer funds for the client’s convenience. The deposited money will be active in clients’ accounts within 24 hours, while traders can use bank transfers, card payments, and a range of e-wallets.

Moreover, ICM has a solution for easy funding: its own ICM Capital Mastercard (the card issued by Wirecard Card Solutions Ltd), which enables to transfer of funds of any trading profits from the client’s trading account easily. Clients can submit an online application for card issuance with a one-time payment fee of $40.

  • ICM Capital Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is among average in the industry, and fees are average or low also allowing to benefit from various account-based currencies.

Here are some good and negative points for ICM Capital funding methods found:

ICM Capital AdvantageICM Capital Disadvantage
$200 is a first deposit amountDeposit and withdrawal fees might be charged
Fast digital deposits, including Credit/Debit CardsMethods and fees vary in each entity
Multiple Account Base Currencies

Deposit Options

In terms of funding methods, ICM Capital offers a few payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.

  • Credit/Debit cards
  • Bank wire
  • Skrill
  • Neteller
  • PayPal, and more

ICM Capital Minimum Deposit

ICM Capital’s minimum deposit is $200, which is an additional pleasant feature for various traders, which allows starting from an initially small amount.

ICM Capital minimum deposit vs other brokers

ICM Capital Most Other Brokers
Minimum Deposit $200 $500

ICM Capital Withdrawals

The withdrawal or deposit fee varies according to the payment method you choose. Yet, the broker covers the transfer fees for deposits above $500 in case of Bank transfers, while other methods’ fees vary, see the specification table below. Visa or Mastercard (will include a fee of 1.75% above) are taxable by fees too. However, for the withdrawals, the company covers fee expenses for Visa and Neteller options.

ICM Capital Review Funding Fees

How Withdraw Money from ICM Capital Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trading Platforms

ICM Capital’s trading platforms mainstay at popular MetaTrader4. The brokers platform offers some of the most balanced trading parameters like speed, reliability, and security, also being the most used platform is another plus to the offering.

The platform enables the use of EAs that are monitoring markets for you and according to the settled rules trading on your behalf.

  • ICM Capital Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers a popular MT4 professional trading platform.
Trading Platform Comparison to Other Brokers:
PlatformsICM Capital PlatformsCapital Index PlatformsTickmill Platforms
MT4YesYesYes
MT5NoNoYes
cTraderNoNoNo
Own PlatformNoNoNo
Mobile AppsYesYesYes

Desktop Platform

MT4 is a highly professional platform that not only allows you to actively trade, but also has powerful technical analysis, charting, and modeling tools. Also, all clients can benefit from auto trading with the use of an Expert advisor in the terminal.

Those programs are written in MetaQuotes Language 4 and allowing to analyze and trade in the automatic mode. MT4 is suited for all devices, the trader can access the trading environment by PC, Mac, mobile, or tablet.

  • In addition, ICM Capital has chosen Trading Central’s technical analysis package for its product offering and provided it free of charge for live account holders. Trading Central is a global benchmark that provides daily market reports and covers technical analysis for Forex, Precious Metals, and Oil.

ICM Capital Review Trading Platform

Customer Support

ICM Capital provides multilingual 24/5 customer support via phone lines, email, and live chat.

  • Customer Support in ICM Capital is ranked good with an overall rating of 8.5 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.

See our find and ranking on Customer Service Quality:

ProsCons
Quick responsesNo 24/7 customer support
Relevant answers
Availability of live chat, phone lines, and email

ICM Capital Education

ICM Capital provides trading central which offers its clients webinars to further develop their Technical Analysis skills. Also offers an Economic Calendar, trading tools, and trading signals.

  • ICM Capital Education ranked with an overall rating of 8.5 out of 10 based on our research. The broker provides good quality educational materials and research, and also cooperates with market-leading providers of data.

ICM Capital Review Education

ICM Capital Review Conclusion

For final thoughts, ICM Capital is a reliable and trustworthy broker. As regulated by FCA, the broker maintains secure trading as well as upholds additional insurance of $1 million coverage. The account with the quite small deposit requirement of $200 should be considered by the beginning traders, as well platform’s extended features support in the beginning too.

ICM trading technology demonstrates great trade execution and allows all trading styles. For the client’s benefit, the company offers smart spreads calculation through ECN deep liquidity providers starting from 0 pips.

Based on Our findings and Financial Expert Opinions ICM Capital is Good for:

  • Beginners
  • Advanced traders
  • Professional trading
  • Investing
  • Traders from Europe and UK
  • Currency and CFD trading
  • STP/OTC execution
  • ECN trading
  • EA trading
  • Competitive trading fees and spread
  • Tight spreads
  • Global coverage
  • Supportive customer support
  • Trading central

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