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4.46/10
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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Our Evaluation of ICM Brokers

4.46/10
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 4.46 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.

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ICM Brokers Trading Conditions

💻 Trading platform: MetaTrader 4, Mobile Platforms
📊 Accounts: Micro, Standard, Prime, Professional
💰 Account currency: USD
💵 Deposit / Withdrawal: PayPal, Credit Card, Bank Transfer, Neteller
🚀 Minimum deposit: 300 USD
⚖️ Leverage: 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,12 pips
🔧 Instruments: Forex, Metals, OTC Futures, CFDs
💹 Margin Call / Stop Out: 100/10%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Order execution: Instant Execution, Market Execution
⭐ Trading features: Telephone trading
🎁 Contests and bonuses: NO

ICM Brokers Key Parameters Evaluation

User Satisfaction i

Score:
3.1/10

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AftefApalfBap
16 weeks ago

ICM can be considered one of the platforms suitable for both novice traders and more experienced market participants. The interface is relatively user-friendly and clear, making it easy to navigate the platform. Also worth noting is the availability of training material and news feeds, which can prove useful when starting out or analyzing the market.
The helpdesk operates 24 hours a day and generally responds promptly, although response times may vary slightly. As far as financial transactions are concerned, there is room for improvement: not everything is as fast and transparent as we'd like. Otherwise, the platform makes a good impression and may be suitable for those looking for stable basic functionality without unnecessary complexity.

ICM peut être considérée comme l'une des plateformes convenant à la fois aux traders débutants et aux participants au marché plus expérimentés. L'interface est relativement conviviale et claire, ce qui simplifie la navigation sur la plateforme. Il convient également de noter la disponibilité de matériel de formation et de flux d'informations, qui peuvent s'avérer utiles au début ou lors de l'analyse du marché.
Le service d'assistance fonctionne 24 heures sur 24 et répond généralement rapidement, même si le temps de réponse peut varier légèrement. En ce qui concerne les transactions financières, des améliorations sont possibles : tout n'est pas toujours aussi rapide et transparent que nous le souhaiterions. Sinon, la plateforme fait bonne impression et peut convenir à ceux qui recherchent une fonctionnalité de base stable sans complexité inutile.

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Daramola
18 weeks ago

If you look at ICM Brokers in terms of terms and conditions, they seem very competitive. Before I started, I looked at a large number of options, and this turned out to be one of the few that offered the right combination of spreads, commissions and bonuses. You can see that the company doesn't stand still - new offers are regularly launched and improvements are made to the platform. I wouldn't recommend it to everyone, as everything is individual, but it's definitely possible to try it out for yourself, especially in test mode or with small volumes. If you approach trading thoughtfully, it's quite realistic to build up a stable business here.

Si vous considérez ICM Brokers en termes de termes et conditions, ils semblent très compétitifs. Avant de commencer, j'ai étudié un grand nombre d'options, et celle-ci s'est avérée être l'une des rares à offrir une combinaison adéquate de spreads, de commissions et de bonus. Vous pouvez constater que la société ne reste pas inactive - de nouvelles offres sont régulièrement lancées et des améliorations sont apportées à la plateforme.
Je ne le conseillerai pas à tout le monde, car tout est individuel, mais il est tout à fait possible de l'essayer par soi-même, surtout en mode test ou avec de petits volumes. Si vous abordez le trading de manière réfléchie, il est tout à fait réaliste de construire un travail stable ici.

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gabriellezn18
2 years 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
2 years 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
3 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
3 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
4 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!

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
4.9/10

Regulation and safety

ICM Brokers has a safety score of 4.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
  • Track record over 15 years
Disadvantages
  • Not tier-1 regulated

ICM Brokers Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSA (Seychelles) FSA (Seychelles) Financial Services Authority of Seychelles Seychelles No specific fund Tier-3
SVG FSA SVG FSA Financial Services Authority of St. Vincent and the Grenadines St. Vincent and the Grenadines No specific fund Tier-3

ICM Brokers Security Factors

Foundation date 2010
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
8/10

Commissions and fees

The trading and non-trading commissions of broker ICM Brokers have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
Disadvantages
  • Deposit fee applies
  • Withdrawal fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of ICM Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, ICM Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

ICM Brokers Standard spreads

ICM Brokers Pepperstone OANDA
EUR/USD min, pips 0,1 0,5 0,1
EUR/USD max, pips 0,3 1,5 0,5
GPB/USD min, pips 0,1 0,4 0,1
GPB/USD max, pips 0,3 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

ICM Brokers RAW/ECN spreads

ICM Brokers Pepperstone OANDA
Commission ($ per lot) 2,5 3 3,5
EUR/USD avg spread 0,12 0,1 0,15
GBP/USD avg spread 0,12 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with ICM Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

ICM Brokers Non-Trading Fees

ICM Brokers Pepperstone OANDA
Deposit fee, % 0 0
Withdrawal fee, % 0 0
Withdrawal fee, USD 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
2.45/10

Deposit and withdrawal

ICM Brokers received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

ICM Brokers offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • Bitcoin (BTC) accepted
  • Minimum deposit below industry average
  • Bank card deposits and withdrawals
  • USDT (Tether) supported
Disadvantages
  • Only major base currencies available
  • High minimum withdrawal requirement
  • Limited deposit and withdrawal flexibility, leading to higher costs

What are ICM Brokers deposit and withdrawal options?

ICM Brokers offers a limited selection of deposit and withdrawal methods, including Bank Card, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making ICM Brokers less competitive for those seeking diverse payment options.

ICM Brokers Deposit and Withdrawal Methods vs Competitors

ICM Brokers Plus500 Pepperstone
Bank Wire No Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are ICM Brokers base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ICM Brokers supports the following base account currencies:

What are ICM Brokers's minimum deposit and withdrawal amounts?

The minimum deposit on ICM Brokers is $50, while the minimum withdrawal amount is $200. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ICM Brokers’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
3.75/10

Markets and tradable assets

ICM Brokers offers a limited selection of trading assets compared to the market average. The platform supports 105 assets in total, including 30 Forex pairs.

Advantages
  • Crypto trading
  • Indices trading
  • Commodity futures are available
Disadvantages
  • Bonds not available
  • Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by ICM Brokers with its competitors, making it easier for you to find the perfect fit.

ICM Brokers Plus500 Pepperstone
Currency pairs 30 60 90
Total tradable assets 105 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products ICM Brokers offers for beginner traders and investors who prefer not to engage in active trading.

ICM Brokers Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts Yes No No

Contacts

Foundation date 2010
Registration address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960
Regulation FSA (Marshall Islands) Licence number:
119091
Official site icmbrokers.com
Contacts

Comparison of ICM Brokers with other Brokers

ICM Brokers Eightcap XM Group RoboForex Exness Markets4you
Trading
platform
Mobile platforms, MetaTrader4 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5
Min deposit $300 $100 $5 $10 $10 No
Leverage From 1:1
to 1:400
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:10
to 1:4000
Trust management No No No No No No
Accrual of % on the balance No No No 10.00% No No
Spread From 0.5 points From 0 points From 0.8 points From 0 points From 0 points From 0.1 points
Level of margin call
/ stop out
100%  /  10% 80%  /  50% 100%  /  50% 60%  /  40% 60%  /  No 100%  /  20%
Order Execution Market Execution, Instant Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes Yes Yes

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