ICM | Review | CFD Trading Platform Review

Our Review

 

What is ICM Capital?

10 points summary

How Protected are you with ICM Capital?

Awards

Is ICM Capital a Scam or Safe?

Account

Trading Instruments

Trading Platforms

Trading Fees

Deposit and Withdrawal Options

Education

Customer Support

Conclusion

 

 

What is ICM Capital?

ICM Capital Limited is a London-based broker, operating as a subsidiary which is fully owned by ICM Holding Sarl (Luxembourg). In addition, the support and operating offices have been established in Dubai and Shanghai.

 

The main feature of the broker consists of extensive product varieties - OTC spot foreign exchange, precious metal OTC, US OTC shares, OTC Energy Futures, OTC Index Futures, Cash CFD.

 

The market can be accessed through one account offer with strict spreads (ECN spread starting from 0 pips), in-depth liquidity provided by Tier-1 banks, market execution without requotes with Live Trading Central Reports, and more.

Pros	Cons
Bonuses available	Deposit and withdrawal fees
Wide range of trading instruments	Only two base currencies available
Trading platforms are suitable for every experienced and non-experienced trader

 

10 Points Summary

Headquarters	UK
Regulation	FCA
Platforms	MT4
Instruments	OTC Spot Foreign Exchange, OTC Precious Metals, OTC US Stocks, OTC Energy Futures, OTC Index Futures, Cash CFDs
EUR/USD Spread	1.3 pips
Demo Account	Provided
Minimum deposit	200$
Base currencies	GBP, USD, EUR
Education	All-inclusive education center designed for traders at all levels.
Customer Support	Available 24/5

How Protected Are You with ICM Capital?

Support is provided by companies in various languages, by telephone, email, and direct chat suitable for beginners and advanced traders and is a award-winning customer support service also respected by clients. Furthermore, to help in the fast-growing retail forex market, the All-Inclusive Education Center designed for traders at all levels.

 

In addition, the broker carried out various contests and championships to let their traders improve skills and win valuable prizes.

ICM Capital Limited, English Forex, Commodities and CFD trading companies are the official sponsors of the British Polo Team in Chestersons Polo.

 

Pros	Cons
Regulated by IFSC	None
Negative balance protection
Hedging available

 

Awards

Various international awards have recognized ICM's capital as a leading institution in the UK, also in the Mena region and others. 

Is ICM Capital a scam or safe?

When the status of the broker regulation is actually the key to trust, ICM Capital Limited is focused on compliance with the law and ensures its status by the regulation. ICM capital is authorized and regulated by the Financial Conduct Authority (FCA), which regulates the financial services industry in the UK, with the aim of protecting consumers and ensuring the industry is still stable.  

Being one of the most prominent and sharp authorities in the financial industry, FCA status provides guaranteed funds provided to clients under the Financial Services Compensation Scheme (FSCS) which covers up to £ 50,000 in the ICM Capital event into a fabrial.

 

To surpass, ICM increases this with additional protection of up to £ 1,000,000 which is supported by global capital which is substantially and available for all Live account clients at no additional cost.

Account

ICM Capital release is only one type of account named - ICM Direct. Brokers use market execution when liquidity accumulates through the main level 1 global bank.

 

Brokers keep spreads for all markets consistently lower between offers, because historical data shows which spreads during EUR / USD during the average peak house at 1.3 pips.

 

Comparison of typical spread spreads that you can see below, also view and compare the cost of ICM's capital with peer xm.com.

 

Pros	Cons
Islamic account available	None
Demo account for practice is also available on an unlimited basis
Three live account types are available

 

Trading Instruments

Thatal, ICM Capital has chosen the Central Technical Technical Analysis Package to offer their products and provide free for Live Account Holders. Central trade is a global benchmark that provides daily market reports and includes technical analysis for forex, precious metals and oil.

Pros	Cons
Wide range of instruments	CFD instruments are highly risky
Both Forex and CFD instruments are available
Commission fee over instruments is zero

 

 

Trading Platforms

The ICM Capital trading platform has been chosen in accordance with the interests in industrial offers and trade parameters most balanced such as speed, reliability and security. For that reason, clients from ICM Capital Andalstays in Popular Metatrader4.

 

Desktop trade

This is the fact that MetaTrader 4 is a very professional platform that not only allows you to trade actively, also has strong technical analysis, graphics and modeling tools. Also, all clients can benefit from automatic trade using expert advisers at the terminal.

 

These programs are written in Metaquotes 4 and allows to analyze and trade in automatic mode. MT4 is suitable for all devices, traders can access the trading environment with PC, Mac, Mobile or Tablet.

 

Pros	Cons
Available in different languages	No bonuses
Offers two popular platforms, cTrader, and MT4

 

 

Trading Fees

In addition, ICM Capital offers an Islamic account to clients after Muslim faith. Forex Islamic Accounts are also known as swap free accounts because they do not imply a rollover exchange or interest in overnight positions, which are contrary to Islamic faith.

 

Therefore, in the standard account feature, you must rely on rollover rates if you have a long position. For example, the position of the old purchase of EURUSD will wear -7.86 $ while sales will get $ 2.68 per lot.

 

Brokers also serve those who want to practice their trade techniques, by giving options to open a risk-free demo account.

Pros	Cons
No rollover fees	The tax applies if the deposit or withdrawal amount is less than $200
No inactivity fees
No additional charges over products and stocks
Bonuses available

 

 

Deposit & Withdrawal Options

ICM Capital offers several ways to transfer funds for client convenience. The deposited money will be active in the client account within 24 hours, while traders can use bank transfers, card payments, and e-Wallet Neteller, Skrill, Chinese UnionPay, etc.

In addition, the ICM has launched a solution for easy funding - ICM Capital MasterCard (cards issued by Wirecard Card Solutions Ltd), which allows to transfer funds from each trade advantage from the client's trading account easily. Clients can send an online application for publishing cards at a payment fee once a time.

 Withdrawal costs or deposits vary according to the payment method you choose. However, the broker includes a transfer fee for deposits above $ 500 in terms of bank transfer, while other method costs vary, see the specification table below. VISA or MASTERCARD (will cover 1.75% above), which is taxable too. However, for company withdrawal covers fees for visa and neteller options. 

Education

ICM Capital allows you to execute minimum trades 0.01. This can vary depending on the account you open. Maximum trading requirements vary depending on traders and instruments. Because ICM capital offers ECN and STP executions, you can expect a very strict spread with more transparency than the price you pay to run your trade.

As a market maker, ICM Capital may have lower entry requirements compared to ECN brokers who benefit from higher trading volume and usually have greater capital and minimum trade requirements. Marketmakers usually have a lower minimum deposit, smaller minimum trading requirements and no commissions about trade.

As a good bonus, ICM Capital is one of a few brokers who claim not to have a requote, so you don't have to worry about the slippage (your trade is ordered at a different price with what you work in).

Like most brokers, margin requirements indeed vary depending on traders, accounts, and instruments. You can see the latest margins on their website. 

Customer Support

One thing to be mention here is that, even though ICM Capital customer service is not available 24/7, but still, ICM Capital  is known as the Best Customer-Centric Broker.

 

The customer support of ICM Capital is available 24/5. It means you can have their services from Monday to Friday. The broker is off on weekends. 

 

Live chat service is also available on the official site. Agents from countries like Singapore, Chile, Belize, Cyprus, and UAE are available to handle the call requirements.

 

Pros	Cons
Best customer support system	Not available 24/7
Fast in response
Support live chat agents

 

 

Conclusion

ICM Capital as International Online Forex and CFD trading companies that offer a variety of trading products, through the choice of new new platforms MetaTrader 4 and access through various devices. In fact, ICM trading technology shows exceptional trade execution and allows all trading styles.

For the benefits of the client, the company offers smart spread calculations through liquidity providers in the ECN starting from 0 pips.

Alternative brokers with good trading conditions and with FCA licenses are FXTM.

Frequently Asked Questions (FAQs)

What are the types of accounts offered by ICM Capital?

Standard, Nano, and the Max account are the three types of accounts offered by ICM Capital.

 

Does ICM Capital charge deposition and withdrawal fees?

If your transaction is less than $200, then yes, ICM Capital does charge on each deposit and withdrawal.

 

Who regulated ICM Capital?

The International Financial Services Commission (IFSC) regulates ICM Capital.

 

Does a client from the US can trade with ICM Capital?

No, ICM Capital does not take clients from the US.

 

What is the minimum deposition requirement of the ICM Capital?

The minimum deposit required by ICM Capital is $200.