ICM Capital Review

ICM Capital Logo

ICM Capital is a global forex and CFD broker that was founded in 2009 in the UK. The broker has grown into a globally recognized brokerage brand, serving individual and institutional clients from all over the world. They offer over 120 trading instruments across multiple asset classes, including forex, metals, stocks, indices, and futures.

ICM Capital Review - Broker Features
ICM Capital Review – Broker Features

The broker provides their clients with the popular MT4 trading platform, which is a gold standard among online traders. They offer competitive spreads from 0.0 pips, leverage of up to 1.30 on major currency pairs, but they operate the market maker brokerage model, providing price quotes and execution with its own liquidity.

ICM Capital Review Introduction

In this ICM Capital review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ICM Capital.

ICM Capital Platforms & Tools

ICM Capital Review - MT4 Trading Platform
ICM Capital Review – MT4 Trading Platform

ICM Capital provides their clients with the MT4 platform, which has an intuitive interface and a range of built-in trading tools. The platform is available as a WebTrader accessible via web browsers without the need for downloads or installations.

ICM Capital Review - MT4 Mobile Trading App
ICM Capital Review – MT4 Mobile Trading App

There are also desktop applications, which can be downloaded and installed on Windows and Mac computers, as well as a mobile app for Android and iOS mobile devices. The broker also provides traders with essential trading tools, including Trading central, Economic Calendar, virtual private sector (VPS), and market news to aid efficient online trading.

ICM Capital Review - Trading Central
ICM Capital Review – Trading Central

ICM Capital Research & Education

The ICM Capital education center contains training articles introducing a beginner to forex and CFD trading, as well as articles about technical and fundamental analysis. The education center has also a glossary of trading items and their meanings.

ICM Capital Review - Economic Calendar
ICM Capital Review – Economic Calendar

ICM Capital Trading Accounts

The broker offers multiple account types with no minimum deposit. The account types are:

  • ICM Direct: This account has EURUSD spreads starting from 1.3 pips and no commission.
  • ICM Zero: Gives traders access to ECN trading with spreads starting from 0 pips, but a commission fee of $7 is charged per lot.
  • Professional Account: It is available to only qualified European clients. It has excellent trading conditions with leverage of up to 1:200.

Swap-free accounts that comply with sharia law are available. There is also the Demo Account, which helps traders become familiar with available trading platforms and practice their trading strategies with virtual funds.

ICM Capital Account Funding

The broker offers a variety of payment options: bank transfers, credit/debit cards, ICM Capital prepaid MasterCard, and online payments, such as Skrill, Neteller, and China UnionPay. Transaction charges and processing time depend on the payment method used. They do not accept third party deposits.

ICM Capital Customer Service

The broker offers clients multilingual customer support, available from 6 am to 6 pm, Monday to Friday, and can be reached via instant web, email, and phone lines. The ‘Request a call back’ and ‘contact us’ forms are available on the website.

ICM Capital Regulation

ICM Capital is registered in England and Wales with the registration number: 07101360, and it is authorized and regulated by the Financial Conduct Authority (FCA) with registration number 520965.

Other affiliates are regulated as follows:

  • ICM Capital VC is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
  • ICM Capital EU is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • ICM Capital APAC is regulated by the Financial Services Authority of Labuan, Malaysia
  • ICM Capital (Mauritius) Limited is regulated by the Financial Services Commission (FSC) of Mauritius

ICM Capital Review Summary

ICM Capital is a multi-award-winning broker that provides clients with the MT4 trading platform and allows all trading strategies. The broker had been operating for over a decade and is regulated in several countries, and they comply with the regulatory laws. The broker gives their traders access to over 110 trading instruments across multiple asset classes.

It is worth mentioning that some of the trading products and services in this ICM Capital review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ICM Capital broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ICM Capital

6.8

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.5/10

Support

6.5/10

Regulation

8.0/10

Features

  • MT4 platform
  • Trading Central and other useful trading tools
  • Over 120 trading instruments
  • A selection of educational materials