ICM Capital Review 2026

Item: ICM Capital
Rating: 6.64
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: June 03, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $200
Fees 5 /10
Account types 5 /10
Regulation 9.7 /10

6.6 /10

Moderate risk

ICM Capital User Reviews 3.7
Commissions and Fees 5.0
Regulation and Safety 9.7
Account Types 5.0
Deposit and Withdrawal 6.8
Markets and Tradable Assets 4.8
Trading Account Opening 8.0
Customer Support 3.3

ICM Capital Pros & Cons

This broker offers straightforward and clear conditions, with only account types that differ in trading costs.
Traders can deposit and withdraw funds using various methods, and no commission is charged for the first withdrawal each month.
Broker’s clients use the MetaTrader 4 trading platform, which is easy to learn and highly customizable through plugins.
The company is officially registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA).
Clients' funds are protected against unforeseen circumstances, with insurance coverage of up to £5 million.
This broker issues its own Mastercard plastic card, which can be used for payments worldwide and online.
The company's website and the trader's user account provide numerous resources for market analysis and forecasting.

The technical support operates only on weekdays and during limited hours (from 6:00 to 18:00 GMT).
Clients cannot earn through any means other than active trading.
If a user withdraws funds more than once per month, they will be charged a commission for each subsequent withdrawal.

TU Expert Verdict

ICM Capital demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

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ICM Capital User Reviews

Score:

3.7 /10

47 total

5-star

0%
4-star

2%
3-star

21%
2-star

38%
1-star

38%

I chose ICM Capital because of its fund insurance and official registration in the UK, but there are some downsides: customer support isn’t available 24/7, and additional withdrawals within the same month come with a fee. The conditions are suitable for active trading, but there are no options for passive income or copy trading. The minimum lot size is 0.01, and trading is only available through MT4.

As a cautious investor, I found ICM Capital to be reliable thanks to FCA regulation and additional fund insurance of up to £5 million. This sets ICM Capital apart from many alternatives. The minimum deposit of $200 is acceptable, and the first withdrawal each month is free, while subsequent ones are charged, so it’s necessary to plan withdrawals in advance. I appreciated the convenience of MT4 and the intuitive client portal, which offers plenty of tools for market analysis. On the downside, there are no PAMM accounts and no affiliate program.

I chose ICM Capital because of its strict UK regulation by the FCA and its solid track record — the company has been in the market since 2010. What mattered to me was the client fund insurance of up to £5 million and the tight spreads starting from 0.1 pips on EUR/USD. The minimum deposit is $200, which is higher than some competitors, but the conditions are transparent, with Standard, Direct, and Zero accounts offering different commission structures. On the plus side, there's the MT4 platform, plenty of market analysis, and one free withdrawal per month. The downside is that customer support is only available on weekdays from 6:00 to 18:00 GMT.

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Commissions and Fees

Score:

5 /10

The trading and non-trading commissions of ICM Capital have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Tight EUR/USD market spread

Above-average Forex trading fees

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of ICM Capital 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 Capital’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 Capital Standard spreads
	ICM Capital	OANDA	FOREX.com
EUR/USD min, pips	0.3	0.1	0.7
EUR/USD max, pips	0.5	0.5	1.2
GPB/USD min, pips	0.3	0.1	0.9
GPB/USD max, pips	0.5	0.5	1.4

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 Capital RAW/ECN spreads
	ICM Capital	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	3.5	3.5	5
EUR/USD avg spread	0.1	0.15	0.2
GBP/USD avg spread	0.1	0.2	0.4

Non-Trading Fees

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

ICM Capital Non-Trading Fees
	ICM Capital	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	1-3.75	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0-2	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-15	0-15	0
Inactivity fee ($, per month)	5	0	15

Is ICM Capital Safe?

Score:

9.7 /10

ICM Capital has a safety score of 9.7/10, which corresponds to a High 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.

Tier-1 regulated
Negative balance protection
Regulated in the UK
Track record over 16 years

Strict requirements and extensive documentation to open an account

ICM Capital Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FCA UK	Full Name Financial Conduct Authority	Country of regulation United Kingdom	Investor Protection Fund Up to £85,000	Regulation Level Tier-1
FSCA SA	Full Name Financial Sector Conduct Authority of South Africa	Country of regulation South Africa	Investor Protection Fund No specific fund	Regulation Level Tier-2
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
SVG FSA	Full Name Financial Services Authority of St. Vincent and the Grenadines	Country of regulation St. Vincent and the Grenadines	Investor Protection Fund No specific fund	Regulation Level Tier-3

ICM Capital Security Factors
Foundation date	2010
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

5 /10

ICM Capital offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Standard account with balanced trading conditions
Demo account
Swap Free (Islamic) account

No Cent account
No VIP account option

ICM Capital account types vs top competitors
	ICM Capital	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	Yes	No	Yes
VIP	No	No	No
Managed	No	No	No

ICM Capital accounts trading conditions

A client’s primary task is to choose a trading account, but this is only relevant if this broker offers multiple account types. ICM Capital has only two accounts, and the difference between them lies in the spreads and commissions. On the Direct account, spreads are slightly higher, starting from 0.7 pips, but often have a minimum value of 1 or 1.3 pips, depending on the asset. However, this broker does not charge any commissions on trades conducted by the trader on this account. On the Zero account, the minimum spread is 0 pips, and the average value is lower than on the Direct account, but the trader has to pay a commission of $7 per full lot. It is difficult to say which option is more beneficial. The client needs to use specialized calculators to calculate the costs for their typical trades. Otherwise, the accounts are identical, they require a minimum deposit of $200 to start, the minimum trade size is 0.01 lots, and the maximum leverage is 1:200. These are comfortable and, in many ways, are average market indicators that will suit most clients.

Account types:

Account Type	Description
Direct	The minimum deposit is $200, average market spreads, and no commissions. All assets offered by this broker are available for trading. Advisors are allowed, and the execution is market-based.
Zero	The minimum deposit is $200, with spreads starting from 0 pips, and with a $7 commission per lot. There are no restrictions on available assets or trading strategies. The base currency can be USD, EUR, GBP, or SGD.

The standard practice for most traders who are starting to work with a specific platform is to first open a demo account. This allows them to explore this broker's conditions, pros, cons, and peculiarities without any risk to their capital. Additionally, a Demo account provides an opportunity to experiment with different strategies without risking real money. Then, the trader can open a real account according to their personal preferences. If they adhere to the Islamic religion, the account can be converted to a swap-free one upon request.

Deposit and Withdrawal

Score:

6.8 /10

ICM Capital received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

ICM Capital provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Low minimum withdrawal requirement
Minimum deposit below industry average
PayPal supported
Bank wire transfers available

Wise not supported
BTC not available as a base account currency
Limited deposit and withdrawal flexibility, leading to higher costs

What are ICM Capital deposit and withdrawal options?

ICM Capital provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.

ICM Capital Deposit and Withdrawal Methods vs Competitors
	ICM Capital	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	Yes	Yes	Yes
PayPal	Yes	No	Yes
Wise	No	No	No
BTC	No	No	No

What are ICM Capital base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. ICM Capital supports the following base account currencies: USD, EUR, GBP, AED, KWD, SAR, SGD, MUR, PLN, JOD.

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

The minimum deposit on ICM Capital is $200, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ICM Capital’s support team.

Markets and Tradable Assets

Score:

4.8 /10

ICM Capital offers a limited selection of trading assets compared to the market average. The platform supports 130 assets in total, including 42 Forex pairs.

Crypto trading
42 supported currency pairs
Indices trading

Copy trading not available
Limited asset selection

Supported markets vs top competitors

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

	ICM Capital	Trading.com	Plus500
Currency pairs	42	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	130	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

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

	ICM Capital	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with ICM Capital in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ICM Capital is $200.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fully online account opening process

Account approval may require extra time depending on the documentation.
Registration process may take longer than expected

ICM Capital account opening
	ICM Capital	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$200	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	20	5
KYC time (days)	2	2	3

Is ICM Capital available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start collaborating with this broker, it is necessary to register on its official website and obtain a user account. Through the user account, traders can open and close accounts, make deposits and withdraw profits, and download trading platforms. The experts at TU have prepared the below step-by-step guide on registration and the features of ICM Capital’s user account.

Go to this broker's website. In the top right corner, select the language for the interface. Click on the “ICM Access” button.
Click on the line “Don't have an account?” to proceed with the registration. You can also access the registration form by clicking on “Open an Account” or any other button with a similar name. Such buttons are located on different pages of the website.
Choose the appropriate salutation, enter your first and last names. Provide your email address. Create a password and enter it twice.
Now enter your phone number. Select the country of residence and preferred language. Agree to the terms and conditions by checking the box. Click on “Finish”.
Once you are in the user account, go to the verification section (you can click on the link in the warning message). Read the comments and instructions on the screen carefully. Upload scans/photos of the required documents and wait for them to be verified.
Now click on “Open a Real Account”. Enter your date of birth, complete your address with postal code, specify your nationality, and answer a few questions. After filling in all the mandatory fields, check the box at the bottom to agree to the processing of your data and click on “Next”.
Choose the trading platform, account type, and base currency. Answer a few questions about your experience and financial capabilities. Read the comments and warnings. Check the box at the bottom and click on “Finish”. Please note that a confirmation email with registration details will be sent to the provided email address.
Go to the "Deposit Funds" section, choose the appropriate deposit method, and follow the on-screen instructions. After that, you need to download the trading platform. You can do this on this broker's website or the MetaTrader portal. Install the platform and start trading.

Your ICM Capital user account also provides access to:

Account summary. Provides an overview of all accounts with detailed trading parameters.
Analysis. Shows current market trends and filtered news based on assets.
Deposit funds. Allows you to top up the balance of the selected account using any available method.
Withdraw funds. Generates a request to withdraw money from the balance in the specified amount and through the specified channel.
Apply for Mastercard. Allows you to pay for and receive a plastic card from ICM Capital.
Internal transfer. Required to transfer funds between accounts.
Payment history. An archive that displays all completed transactions.
Bank details. Required for depositing and withdrawing funds through the corresponding channel.
Legal documents. This section contains all the legal acts on which this broker operates.
Upload documents. Allows traders to provide scans/photos of their documents for verification.
Additionally, in the user account, you can select the interface language, change security settings, and update personal information.

Customer Support

Score:

3.3 /10

The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

Information

Technical support is essential for any company dealing with a wide range of clients. For brokers, it is conceptually important because traders often encounter situations they cannot resolve independently. Whether it's a system failure, issues with depositing or withdrawing funds, or anything else, clients must receive competent assistance and have their problems resolved promptly. If, for any reason, this is not possible, or if the client service does not meet the user's expectations in terms of quality and responsiveness, there is a high probability of disappointment, and the client may switch to a competitor. All brokers understand this well and strive to optimize their client support. ICM Capital's technical support is available through all main communication channels, including phone, email, and live chat. They operate on weekdays from 6:00 to 18:00 GMT. This means it is not possible to reach the managers during night hours and on weekends. Traders have no complaints regarding the competence of the support team.

It is possible to receive assistance from specialists without being this broker's client
Technical support is available through all main communication channels and it responds quickly.
Users and experts highly appreciate the quality of client services.

Managers are not available on weekends
Technical support does not operate at night

To contact client support, you can use the following channels:

Phone (UK, UAE, emergency department).
Email.
Live chat on the website and in the user account.
Complete a ticket on this broker's website.

The emergency department operates 24 hours a day on weekdays, but you can only contact them for inquiries related to current trading. All other communication channels are available according to the aforementioned schedule. For example, if you send an email on a Saturday or Sunday, it will be addressed on Monday morning.

Contacts
Foundation date	2010
Registration address	ICM Capital Ltd, Level 17, Dashwood House, 69 Old Broad St, London EC2M 1QS United Kingdom
Regulation	FCA Licence number: 520965
Official site	https://www.icmcapital.co.uk/
Contacts	clientservices@ICM Capital.co.uk Phone (UK): +44 207 634 9770, Phone (UAE): +971 4 429 4500

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FAQs

How is ICM Capital regulated and what client protection mechanisms are described in reviews of its safety features?

ICM Capital is regulated by several authorities, including the FCA in the UK (Tier-1), FSCA in South Africa (Tier-2), and the FSC in Mauritius and SVG FSA in St. Vincent and the Grenadines (both Tier-3). The broker has a high safety score of 9.7/10 from TU experts, offers negative balance protection, and FCA-regulated clients may have access to an investor compensation fund of up to £85,000, while other regulators listed do not specify such funds in this review.

What do reviews say about ICM Capital’s trading and non-trading fees?

According to this section, ICM Capital’s overall commissions and fees are rated as medium, with a fees score of 5/10. Standard account EUR/USD spreads typically range from 0.3–0.5 pips, ECN accounts charge a $3.5 commission per lot with average EUR/USD and GBP/USD spreads of 0.1 pips, and non-trading fees include deposit charges of 1–3.75%, withdrawal fees of 0–2% or $0–15, plus a $5 monthly inactivity fee.

What account types does ICM Capital offer and how do user comments describe their main conditions?

ICM Capital provides Direct and Zero real accounts, along with demo and swap-free options, but does not offer Cent, Micro, VIP, or managed accounts. Both main accounts require a $200 minimum deposit, a minimum trade size of 0.01 lots, and up to 1:200 leverage; the Direct account has higher spreads with no commission, while the Zero account has spreads from 0 pips with a $7 commission per lot, and the review notes that which is more cost-effective depends on individual trading calculations.

How does the ICM Capital account opening process work according to the review?

The review states that opening an account with ICM Capital is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $200, and the process involves creating a user account, uploading verification documents, selecting account parameters, and then funding the account through the client portal.

What do reviews and feedback indicate about ICM Capital’s customer support availability and channels?

The review notes that ICM Capital’s support is available via phone, email, live chat, website tickets, and an emergency department, but managers are not reachable at night or on weekends, except for emergency trading-related issues on weekdays. While the safety score for support is low at 3.3/10 due to delays and limited depth in some cases, traders reportedly appreciate the competence of the team and the range of contact options within the stated schedule.