ICM Brokers Review 2024

4.04/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FSA (Marshall Islands)
Foundation date:
  • 2010
Updated:
4.04/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FSA (Marshall Islands)
Foundation date:
  • 2010
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ICM Brokers isn't available in United States
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Our Evaluation of ICM Brokers

4.04/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

ICM Brokers is a broker with higher-than-average risk and the TU Overall Score of 4.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ICM Brokers clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at ICM Brokers

ICM Brokers is a financial institution specializing in online execution and clearing services for retail and corporate investors. We do business according to industry best-practices and maintain the highest standards of governance, compliance and integrity.

ICM Brokers Summary

💻 Trading platform: MetaTrader 4, Mobile Platforms
📊 Accounts: Micro, Standard, Prime, Professional
💰 Account currency: USD
💵 Replenishment / Withdrawal: PayPal, Credit Card, Bank Transfer, Neteller
🚀 Minimum deposit: 300 USD
⚖️ Leverage: 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.5 p
🔧 Instruments: Forex, Metals, OTC Futures, CFDs
💹 Margin Call / Stop Out: 100/10%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Instant Execution, Market Execution
⭐ Trading features: Telephone trading
🎁 Contests and bonuses: NO

User Satisfaction

Score:
2.4/10

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gabriellezn18
1 year ago

Traded at ICM Brokers 4 years ago. It is impossible to get used to the fact that orders are executed poorly. Requotes are terrible. Especially upsetting the withdrawal of money. You can wait weeks for your conclusion, or you can not wait. Don't trade here.

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WilliamMiny
1 year ago

I do not recommend. Managers lie, they promise that from the minimum deposit you will have a 20% profit per month, and after the introduction of money, it turns out that there is always little money. Then there are problems with the withdrawal of money. Dishonest company.

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Charlesvesy
2 years ago

The company does not comply with any laws. They blew my deposit brazenly, the quotes do not correspond to reality, which means that my money was not brought to the market. I have all evidence of fraud.

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gjqdhqte
2 years ago

Despite the small number of positive reviews about ICM Brokers, I decided to open an account here. The fact is that I am new to trading, so I am not going to risk a lot of money at this stage, and the trading conditions are quite suitable for me. The minimum deposit is 300 USD, and for trading micro lots on a cent account, this amount is enough to get practice. With the MT4 platform that the broker offers, I am familiar and agree with experienced traders that this is the best terminal for trading. I don't use many features yet. Hid all unnecessary information and left in the interface only what is necessary for work. ICM Brokers did not find any significant shortcomings.

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dharshan_dsh
3 years ago

After increasing the initial deposit by 30%, a withdrawal of $ 200 was ordered. The application was rejected without explanation. ICM Brokers are silent about this. I think that I was just thrown, and ICM Brokers in this case, scammers, and small ones, since they coveted such a small amount!

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Hazmee68
3 years ago

We did not agree on the spreads. An active market entails widening spreads by 100% almost always! Those. there were 3 points, there will be 6 !!! Show me at least one person who brought at least 500 bucks from this sharaga? There are simply none!

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wara
3 years ago

ICM Brokers is a fraudulent company with unrealistic fees and gigantic swaps! For 1 position in 3 days I lost about $ 70 on swaps! The robbery is real!

Comparison of ICM Brokers with other Brokers

ICM Brokers RoboForex Pocket Option Exness IC Markets InstaForex
Trading
platform
Mobile platforms, MetaTrader4 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, cTrader, MT5, TradingView MT4, MultiTerminal, MobileTrading, MT5, WebTrader
Min deposit $300 $10 $5 $10 $200 $1
Leverage From 1:1
to 1:400
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:1
to 1:1000
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 0.5 points From 0 points From 1.2 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
100%  /  10% 60%  /  40% 30%  /  50% No  /  60% 100%  /  50% 30%  /  10%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No Yes
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