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
- FSA (Marshall Islands)
- 2010
Our Evaluation of ICM Brokers
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
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.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
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
Share your experience
- Best
- Last
- Oldest
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.
- Is regulated
- Negative balance protection
- Track record over 15 years
- Not tier-1 regulated
ICM Brokers Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
|
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 |
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.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- 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 |
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.
- Bitcoin (BTC) accepted
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- USDT (Tether) supported
- 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.
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.
- Crypto trading
- Indices trading
- Commodity futures are available
- 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 |
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i