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ICM Capital Review

Edited by: Louis Schoeman

ICM Capital Review

 

Overall, ICM Capital is a trustworthy global internet trading broker with a well-established global presence. ICM Capital is committed to customer service and has a trust score of 90 out of 99.

 

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ICM Capital Review – Analysis of Brokers’ Main Features

 

  1. ☑️ Overview
  2. ☑️ Detailed Summary
  3. ☑️ Safety and Security
  4. ☑️ Account Types
  5. ☑️ How To Open an Account
  6. ☑️ Trading Platforms and Software
  7. ☑️ Fees, Spreads, and, Commissions
  8. ☑️ Trading Instruments and Products
  9. ☑️ Leverage and Margin
  10. ☑️ Deposit and Withdrawal Options
  11. ☑️ Educational Resources
  12. ☑️ Pros and Cons
  13. ☑️ In Conclusion

 

 

Overview

 

ICM Capital, established in 2009, is a global internet trading broker with a global presence serving customers in Europe, Asia, the Middle East, Latin America, and Africa. ICM Capital is regulated by the UK’s Financial Conduct Authority (FCA), ensuring a secure trading environment for customers.

It is known for its commitment to customer service and technical innovation, investing in improving its trading platforms for a smooth experience across desktop and mobile devices.

 

Overview

 

Detailed Summary

 

🔎 Broker🥇 ICM Capital
📈 Established Year2009
📉 Regulation and LicensesFCA, ADGM, FSC Mauritius, FSA Labuan, FSA Saint Vincent and the Grenadines, FSCA, ARIF, Stockholm County Administrative Board, QFCQ
📊 Ease of Use Rating3/5
🎁 BonusesNone
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
📌 Account TypesICM Direct, ICM Zero
💴 Base CurrenciesUSD, GBP, EUR, PLN
📍 SpreadsFrom 0.0 on ICM Zero
🚩 Leverage1:200
💵 Currency Pairs32; major, minor, and exotic pairs
💶 Minimum Deposit200 USD
💷 Inactivity Fee50 USD after 12 months of inactivity
🔊 Website LanguagesEnglish, Arabic, Spanish, Portuguese, Thai
💳 Fees and CommissionsSpreads from 0.0 pips, commissions from $7 per round turn
🤝 Affiliate Program✅Yes
❎ Banned CountriesUnited States and other sanctioned regions
⏩ Scalping✅Yes
▶️ Hedging✅Yes
📐 Trading InstrumentsForex, metals, US shares, energy futures, index futures, cash CFDs
🚀 Open an Account👉 Click Here

 

Detailed Summary

 

Safety and Security

 

ICM Capital is committed to ensuring the security of its customers’ funds and personal information. They use cold storage wallets, particularly in cryptocurrency trading, to protect digital assets from hacking and loss.

Additionally, it maintains stringent security processes to protect personal information against loss, theft, duplication, and unauthorized disclosure.

The privacy policies emphasize preserving customer information and providing a secure trading environment.

 

Safety and Security

 

Account Types

 

🔎 Account Type🥇 ICM Direct🥈 ICM Zero
🩷 Best SuitedIdeal for beginners and casual tradersIdeal for scalpers, day traders, and professionals
📈 Markets AvailableAllAll
💷 CommissionsNone. Only the spread is charged$7 per round lot traded
📉 PlatformsAllAll
📊 Trade SizeFrom 0.01 lotsFrom 0.01 lots
💹 Leverage1:2001:200
💴 Minimum Deposit200 USD200 USD
🚀 Open an Account👉 Click Here👉 Click Here

 

Direct Account

 

This account has greater spreads than the Zero account, but there are no commission costs. It is ideal for traders who desire a commission-free structure and are not focused on ultra-tight spreads.

 

Account Types

 

Zero Account

 

This account provides raw spreads on key currency pairings beginning at 0.0 pips. However, a $7 commission per round turn lot applies. It is ideal for high-volume traders who want the narrowest spreads possible and are satisfied with the fee structure.

 

Account Types

 

Demo Account

 

Demo accounts are a standard feature of most brokers, enabling inexperienced traders to test trading methods in a risk-free environment with virtual money.

The ICM Demo account most likely mirrors genuine market conditions without the financial risk, giving an educational platform for traders to get acquainted with the broker’s trading platforms and tools.

 

Demo Account

 

Islamic Account

 

Islamic accounts, also called swap-free accounts, adhere to Sharia law by not charging or accepting interest. Furthermore, this account type is intended for Muslim traders who want their trading activity to comply with Islamic financial norms.

Typically, Islamic accounts substitute swap costs with daily administrative fees for positions held overnight, guaranteeing that the trading process is interest-free.

 

Islamic Account

 

How To Open an Account

 

To register an account, follow these steps:

 

  • Go to the ICM Capital website.
  • Next, click on the “Register” button.
  • Complete the online registration form.
  • Confirm your identity and your address.
  • Finally, Fund your account.

 

After your account has been funded, you can begin trading.

 

How To Open an Account

 

Trading Platforms and Software

 

MetaTrader 4 (MT4) is offered as its primary trading platform, catering to various trading requirements. The platform has a straightforward interface, excellent charting capabilities, and Expert Advisors for automated trading methods.

Furthermore, the Broker enhances the MT4 experience by adding smooth execution speeds and access to large liquidity pools, ensuring competitive pricing and minimal slippage.

The platform also includes bespoke indicators and analytical tools for beginner and experienced traders, promoting informed decision-making and strategy optimization.

 

Trading Platforms and Software

 

Fees, Spreads, and, Commissions

 

Spreads

 

It offers two account types with varying spread possibilities. The ICM Direct account charges 1.3 pips on EUR/USD, offering beginners a competitive but larger spread. The Zero Account provides raw spreads on key currency pairings starting at 0.0 pips.

 

Commissions

 

The ICM Zero Account charges traders a $7 fee per round lot transacted, which is crucial for high-frequency traders or those executing large deals. This commission provides transparency in trading expenses and is allocated to each round-turn lot.

 

Overnight Fees

 

The Broker charges overnight fees for Forex and CFD trading, incurred when positions are kept open overnight.

The Broker aims to offer affordable fees, allowing traders to maintain long-term holdings without excessive charges. These fees are determined by interest rate differentials between currencies, ensuring fairness and transparency for traders.

 

Deposit and Withdrawal Fees

 

The Broker provides various deposit and withdrawal options, each with associated costs. Deposits include Moneybookers, Neteller, PayPal, and Visa/Mastercard, while withdrawals have a predetermined fee, such as 15 GBP.

 

Inactivity Fees

 

The Broker charges $50 after 12 months of account dormancy, a low fee to remind customers to stay active on the platform, but traders should maintain consistent activity to avoid excessive charges.

 

Currency Conversion Fees

 

The Broker charges a currency conversion fee for trades where traders trade instruments in a different currency than their account-based currency. This fee covers converting gains or losses into the account’s base currency, ensuring fair rates and transaction transparency.

 

Fees, Spreads, and, Commissions

 

Trading Instruments and Products

 

The following trading instruments and products are on offer:

 

  • (OTC) Spot Foreign Exchange for key currency pairings.
  • (OTC) Spot Precious Metals
  • Key US stocks
  • (OTC) Energy Futures

 

Additionally, ICM Capital enhances its portfolio with Cash CFDs, giving customers additional trading options and variety.

 

Trading Instruments and Products

 

Deposit and Withdrawal Options

 

🔎 Payment Method🌎 Country🪙 Currencies Accepted⏰ Processing Time
📈 Bank TransferAllMulti-currency2 – 5 days
💳 Debit/Credit CardsAllMulti-currency1 – 10 days
📉 SkrillAllMulti-currencyInstant – a few days
📊 NetellerAllMulti-currency1 day

 

Here is an overview of how to deposit to your ICM Capital account via the most popular Deposit Options:

 

Bank Wire

 

  • To wire funds from your account, go to the “Deposit” section.
  • Next, Select Bank Wire and acquire ICM’s bank account information.
  • Finally, instruct your bank to conduct a wire transfer using the funds and use your ICM account number as the reference.

 

Credit or Debit Card

 

  • First, go to the “Deposit” area and pick your card type
  • Next, enter your card’s number, expiration date, CVV, and deposit amount.
  • Finally, follow any further authentication procedures

 

Here is an overview of how to make a Withdrawal from your ICM Capital account via the most popular Withdrawal Options:

 

Bank Wire

 

  • Go to your account’s “Withdraw” section to withdraw funds by bank wire.
  • Next, select Bank Wire and enter your bank account information
  • Finally, enter your desired withdrawal amount and submit the request.

 

Credit or Debit Cards

 

  • Typically, you may only withdraw to the card you used to make the transaction.
  • Next, enter your withdrawal amount in the “Withdraw” area.

 

Finally, submit the withdrawal request.

 

Deposit and Withdrawals

 

Educational Resources

 

ICM Capital provides a comprehensive teaching platform through its ICM Capital Academy, offering tools for traders of all skill levels. The academy provides insights into market dynamics and economic data through online courses, weekly market update films, and educational webinars.

The “Trading for Beginners” course teaches fundamentals of online trading, while the “Path to Professional Trading” course focuses on improving trading abilities.

 

 

Educational Resources

 

Pros and Cons

 

✅ Pros❌ Cons
Highly RegulatedCustomer Support not around the clock
Negative Balance ProtectionWebsite not User Friendly

 

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewSFSA, FSCA, CySec*USD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewNot Regulated0.001 BTCVisit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewCySEC,MISA, FSCAUSD 20Visit Broker >>

 

 

In Conclusion

 

According to our findings, ICM Capital is a reputable Forex and CFD broker with over a decade of experience in the financial markets. It adheres to regulatory compliance, offering a safe trading environment.

Additionally, they offer a variety of account types and trading instruments and provide training tools through the ICM Academy.

 

Faq

Withdrawal processing timeframes with ICM Capital vary depending on the withdrawal option used. However, they normally range from a few days to a week.

ICM Capital principally provides the industry-standard MetaTrader 4 (MT4) platform, with additional choices for web-based trading and mobile trading applications.

ICM Capital demands a minimum deposit of $200 to register an account.

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