ICM Capital Review 2024
Minimum
deposit:
  • $200

Trading platform:

  • MT4
Regulation:
  • FCA
Bonus for deposit:
  • 0%

ICM Capital Review 2024

Updated:
Updated: February 08, 2024

4.58

/

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
Minimum
deposit:
  • $200

Trading platform:

  • MT4
Regulation:
  • FCA
Bonus for deposit:
  • 0%

Note!

We’ve identified your country as US US

Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.

We’ve selected the Top 5 Best Brokers in US for you:

Start Trading with eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of ICM Capital Trading Company

ICM Capital is a broker with higher-than-average risk and the TU Overall Score of 4.58 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ICM Capital 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. ICM Capital ranks 158 among 410 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

ICM Capital focuses on currency pairs and CFD trading and offers attractive conditions in these areas. Traders benefit from narrow spreads and average commissions. There are more than enough assets to diversify risks and implement various strategies, especially since the platform does not set limits. The user interface of the user account is intuitive, and the MT4 is a plus for both beginners and experienced market participants. Unfortunately, there are no passive earning options, and client support is not available 24/7, but these drawbacks are unlikely to be considered critical.

Clients of ICM Capital can trade currency pairs and CFDs on stocks, indices, commodities, and metals. The minimum deposit is $200, and the allowed currencies for deposits and withdrawals are USD, EUR, GBP, and SGD. This broker offers a demo account and two real accounts, and any of the standard accounts can be upgraded to a professional account for expanded trading opportunities, but only if you qualify. The spreads are floating and start from 0 pips. There are no commissions on the Direct account, while the Zero account charges $7 per lot. Traders have the option to use the MT4 trading platform, including the mobile version. This broker does not provide alternative earning options such as joint accounts, copy trading, or referral programs. Educational materials are not available on the website, but there are many tools for technical and fundamental analyses.

💰 Account currency: USD, EUR, GBP, and SGD
🚀 Minimum deposit: $200 
⚖️ Leverage: Up to 1:200
💱 Spread: Floating, from 0 pips
🔧 Instruments: Currency pairs, CFDs on stocks, indices, metals, energies
💹 Margin Call / Stop Out: No

👍 Advantages of trading with ICM Capital:

  • 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.

👎 Disadvantages of ICM Capital:

  • 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.

Evaluation of the most influential parameters of ICM Capital

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.11

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.22

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.00

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.37

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

4.75

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.30

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

1.99

/10

Trade with this broker, if:

  • You're an experienced trader requiring some specialized features. ICM Capital's MetaTrader 4 platform caters to seasoned traders with advanced features.
  • You value the assurance of your funds being protected against unforeseen circumstances. This broker offers services with insurance coverage of up to £5 million.

Do not trade with this broker, if:

  • You want a broker that offers diverse income avenues. With this broker, clients cannot earn through any means other than active trading.
  • Withdrawal costs are a concern for you. With this broker, if a user withdraws funds more than once per month, they will be charged a commission for each subsequent withdrawal.

Geographic Distribution of ICM Capital Traders

Popularity in

15.61%
DE
Germany
10.97%
GB
United Kingdom
6.3%
AE
United Arab Emirates
4.66%
EG
Egypt
1.72%
US
United States
1.42%
MY
Malaysia
1.17%
VN
Vietnam
1.03%
TW
Taiwan, Province of China
0.16%
TH
Thailand
2.9%
IN
India
24.06%
Others
Others

ICM Capital Latest Comments for 2023 i

39 comments
Total score:
3.2 /10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
tauseef
4 weeks ago

If you compare ICM Capital to other companies I have worked with, it is possible to give it an average rating. There are no restrictions on trading, the conditions are not bad, there are different assets, indicators, the platform is working, and quotes are executed. On the other hand, I would like to see more deposit and withdrawal methods, as well as investment programs, bonuses, or some kind of competitions. After all, ICM Capital is far from new to this industry, but the list of services is very small.

Avatar
Avatar
ferozfero
7 weeks ago

I chose ICM Capital due to its normal trading conditions. The company provides access to high-quality trading platforms and offers a wide range of assets. I have sometimes encountered delays in the execution of trades. Overall, I am pleased with the services and support provided by ICM Capital.

Avatar
Avatar
cwd
11 weeks ago

Icm Capital has been a disappointment to me and I would not recommend investing in it. At the beginning of my work there, the broker made promises and created the impression that it provided ideal conditions for successful trading. However, in practice, promises are not fulfilled and strange failures constantly occur on the platform. It is important to note that when trading news with Icm Capital, you can often encounter losses out of the blue, and the company always explains such cases as slippage, claiming that this is a normal phenomenon on all news.

Avatar
Avatar
crazys
14 weeks ago

I don’t recommend ICM Capital, as I can’t fight them anymore. I wrote statements but to no avail. My user account with money on the balance and open trades was blocked. I have been trying to get a response from ICM Capital to unblock my user account for several months. Ultimately, I was granted access to it, but of course there were losses.

Avatar
Avatar
krishnafx
17 weeks ago

Don't even think to trade with ICM Capital, nothing good ever comes of it. They withdrew the rest of my deposit with difficulty. Before this, my trading was terrible and stop losses simply did not work. Technical support promised to fix everything, but three months have passed since my first email about stop losses not being triggered, and nothing has changed. The ICM Capital platform is just nonsense.

Avatar
Avatar
kingkhan9019
17 weeks ago

I left ICM Capital and don't regret it. It's practically impossible to trade profitably there. I held on because there were knowledgeable people in the trader chat, and you could get good advice. But then all the normal people left, only robots remained, answering with template phrases. Sudden price spikes on the ICM Capital platform quickly wipe out the entire deposit. In short, there's deception here!

Avatar
Avatar
FxMario
19 weeks ago

ICM Capital is a total scam! Don't believe managers who tell fairy tales about the possibility of making huge profits. And especially don't trust them with your trading account. They will destroy it in no time. That’s what happened to me. In two weeks, $3,000 was lost. And these managers also had the audacity to persuade me to fund my account again to recover losses on new trades. Thank you, I have already learned from my negative experience! ICM Capital can be blacklisted!

Expert Review of ICM Capital

ICM Capital Ltd was founded in 2011. Its headquarters is located in London, and it is officially registered in the United Kingdom and regulated by the FCA (Financial Conduct Authority). The license number is confirmed. A retrospective analysis has not revealed any instances of this broker failing to fulfill its obligations to clients. Also, the company has a compensation fund that allows each client to be insured against unforeseen situations up to £5 million.

This broker's trading conditions are quite standard. It offers a demo account and two real accounts. The difference between accounts lies only in the spread and commission size. Any account can be converted into a professional account by meeting the qualification requirements based on trading volume and having a minimum account balance of $500,000. Professional accounts get extended trading conditions, some restrictions are excluded for them. They also receive priority technical support.

The spreads start from 0 pips, with a commission of $7 per lot and a minimum trade volume of 0.01 lots. The leverage is up to 1:200. These are standard market conditions, and most of ICM Capital's competitors have similar trading characteristics. One of the advantages of this platform is the integration with any version of the MetaTrader 4 trading platform. This allows clients to work in the most comfortable conditions, especially considering that this broker allows scalping, hedging, trading news, using advisors, and unlimited trading.

Another plus is the wide selection of technical and fundamental analysis tools. The trading center stands out, many top brokers have similar tools. ICM Capital's experts provide clients with up-to-date newsfeeds and basic analytics, which aid in trading. In terms of this broker's public activities, it definitely surpasses most of its competitors. ICM Capital Ltd regularly sponsors various events and organizations. For example, it currently invests funds into the development of polo in the UK and is an official sponsor of the France SailGP team in sailing.

Unfortunately, the platform does not offer joint MAM and PAMM accounts, it does not have a copy trading service or a referral program, and it does not provide IB partnerships. This means that individuals and legal entities collaborating with ICM Capital can only earn through active trading of currency pairs and CFDs. This is a relative drawback, as is the absence of 24/7 client support. Nevertheless, the platform is definitely recommended for consideration.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of ICM Capital’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

Most traders who register on brokerage platforms come here for active trading. Therefore, additional earning options are not the primary focus for many brokers, and they rarely emphasize them. However, if clients have access to various investment types, it is an undeniable advantage for the platform. Currently, ICM Capital does not offer any investment solutions. This broker focuses all available resources on active trading, allowing traders to work in comfortable conditions and implement cutting-edge technological solutions.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Why ICM Capital does not have a referral program:

  • Most referral programs operate on a common scheme. A trader invites another trader to the website through a personal referral link. The new client brings a monetary bonus to the link’s owner, either a fixed amount (e.g., $5) or a variable amount (e.g., 10% of the deposit or commission). Usually, the number of referrals is not limited, but the number of payments for them is. The catch is that this is not passive income. To earn significant profits from referrals, one needs to engage actively online, which requires time and effort. By focusing on a specific range of services, ICM Capital does not aim to stimulate the influx of clients. The number of traders working with this broker grows naturally.

Trading Conditions for ICM Capital Users

If a broker offers multiple trading accounts that differ significantly in conditions, the minimum deposit will also vary. In the case of ICM Capital, the real accounts are identical in all aspects except for trading fees. To open any of these accounts, a minimum deposit of at least $200 is required. Leverage is not dependent on the account type (except for professional accounts, which may receive increased leverage). The trading leverage is primarily determined by the traded asset. The highest leverage is available for currency pairs, up to 1:200. Client support operates only on weekdays and is not available during the night. Managers can be contacted through any of the standard communication channels.

$200

Minimum
deposit

1:200

Leverage

12/5

Support

💻 Trading platform: MT4
📊 Accounts: Demo, Direct, Zero (a standard account can be converted to a professional account)
💰 Account currency: USD, EUR, GBP, and SGD
💵 Replenishment / Withdrawal: Bank transfer, Visa/MC card, Skrill, Neteller, PayPal, China UnionPay
🚀 Minimum deposit: $200 
⚖️ Leverage: Up to 1:200
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: Floating, from 0 pips
🔧 Instruments: Currency pairs, CFDs on stocks, indices, metals, energies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: Market
⭐ Trading features: Two standard accounts, each can be converted to professional;
Narrow spreads;
Mid-market commissions;
The first withdrawal in a month is not charged;
Many tools for technical and fundamental analyses
🎁 Contests and bonuses: Yes (rebates from TU )

Comparison of ICM Capital with other Brokers

ICM Capital RoboForex Eightcap Exness FreshForex XM Group
Trading
platform
MT4 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT4, MT5, MobileTrading, XM App
Min deposit $200 $10 $100 $10 No $5
Leverage From 1:1
to 1:200
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 0 points From 1 point From 0 points From 0.6 points
Level of margin call
/ stop out
No 60%  /  40% 80%  /  50% No  /  60% 40%  /  20% 100%  /  50%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No $30 No
Cent accounts No Yes No No Yes Yes

Broker comparison table of trading instruments

ICM Capital RoboForex Eightcap Exness FreshForex XM Group
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No No Yes Yes No Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options No No No No No No

ICM Capital Commissions & Fees

Information
Most brokers have similar commission policies. Therefore, the trader's main costs are the spread, transaction, and withdrawal commissions. The spread can be variable (in most cases) or fixed (rarely encountered). The spread can also be standard or raw, with the latter being lower but accompanied by higher commission fees. In the case of ICM Capital, there is a standard spread starting from 0 pips. On the Direct account, the spread is slightly higher, but there is no commission. On the Zero account, the spread is minimal, but there is a $7 commission per lot. This is not the lowest indicator and can be considered average in the market. Thus, the main costs for ICM Capital clients do not exceed optimal values, regardless of their preferred real account type.
Account type Spread (minimum value) Withdrawal commission
Direct Spreads from 7$, without commission No
Zero Spreads from 0 pips, with a commission of $7 per lot No

In the “Withdrawal fee” column, it is stated as “No”, but clarification is needed here. Many brokers compensate for their costs for processing client withdrawals without charging anything to the clients. ICM Capital excludes this expense for its traders only for the first withdrawal in a month. The withdrawal channel and the withdrawn amount do not matter. Each subsequent withdrawal, starting from the second one, is subject to a commission that depends on the channel. For example, for a bank transfer, it is £15, and for Skrill, it is 1% of the amount. There is an exception for transfers to Visa and MC cards, as well as the Neteller system, where no fees are charged under any circumstances.
The following table compares ICM Capital with its two closest competitors based on average trading fees. This allows for a visual comparison to see how advantageous it is to work with the platform.

Broker Average commission Level
ICM Capital $7 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo ICM Capital
$7
$1
$8.5

Detailed review of ICM Capital

Since this broker works with the MT4 trading platform, the company's clients can trade on any device with any operating system. The company has developed its solution for managing accounts, which is ICM Access. Thanks to it, users’ funds and data are securely protected. Even after 12 years of this broker's operation, there have been no leaks of confidential information or theft of traders' funds recorded. In addition, the platform uses an advanced technological stack, as evidenced by the order execution speed, which does not exceed 30 ms. ICM Capital pays attention to the server side and also to the service aspects. For example, this broker's technical support assists in sixteen languages, and each trader can have access to a virtual private server (VPS). If they have more than $4,000 on their balance, the service is provided for free. The multitude of tools for technical and fundamental analyses indicates that the company strives to make its clients' work as comfortable as possible. And it succeeds in doing so.

ICM Capital by the numbers:

  • The minimum deposit is $200.

  • The spreads are floating and start from 0 pips.

  • The highest commission is $7 per lot.

  • The maximum leverage is 1:200.

  • The insurance protection is up to £5 million.

ICM Capital is a Forex and CFD broker for active trading

If a user aims to earn passively, this platform is not suitable because there are no joint accounts or copy trading options. However, if a trader is focused on active trading, ICM Capital is a good choice. This broker offers currency pairs as well as CFDs. There are CFDs on stocks, indices, energies, and metals. This variety is certainly sufficient to form a diversified portfolio where the drawdown of one asset is compensated by the stability and progress of others. In addition, the more trading instruments in this broker's pool, the wider the range of strategies available to its clients. It is also worth noting that ICM Capital does not impose trading restrictions, and the maximum leverage is 1:200, which increases profit potential. Yes, there are brokers offering leverage of 1:500 or even 1:1000, but it is important to understand that in such cases, the risk increases proportionally. Therefore, for many, a leverage ratio of 1:200 is a balanced solution.

ICM Capital’s analytical services:

  • Virtual private server (VPS). VPS ensures a trader's presence in the market 24/7. It is an ideal option for automated trading and expert advisors. A virtual server reduces latency and slippage and improves trade execution speed.

  • Trading signals on MT4. This broker's clients can make trades using signals from experienced market participants. Signals are constantly provided, and the client can filter providers based on trading parameters. This allows for trading with reduced risk.

  • Micro lots. Available on demo and real accounts, it eliminates the risk of significant financial losses in real trading. It is an optimal option for traders who are just starting their journey to test and refine their initial strategies.

  • Trailing stop. A simple and incredibly useful function that makes the stop-loss follow the price level of the position. This means that the trader can keep the position open and continue to make a profit as long as the price moves in the desired direction.

  • Trading Central. A comprehensive analytical service that provides traders with a daily market overview. The system also includes a news portal and a unique MetaTrader 4 Indicator. All of this is equally beneficial for traders at any level.

Advantages:

1

This broker offers comfortable conditions, including a free demo account and two real accounts that differ only in trading costs, with a small minimum deposit.

2

Experienced market participants can qualify and upgrade their account status to professional, gaining extended opportunities. Additionally, there are Islamic (swap-free) accounts.

3

This broker works with MT4, the simplest and most reliable trading platform, providing users with personalized working conditions through numerous plugins.

4

The company's commission policy is transparent and clear. There is a commission only on the Zero account, while it is not applicable on the Direct account. Furthermore, this broker does not charge any fees for the first withdrawal in each month.

5

Although client support is not available on weekends and at night, it is highly regarded by clients for its responsiveness and competence. The support team communicates in 16 languages.

Guide on how traders can start earning profits

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.

Investment Education Online

Information

For a trader, continuous development is crucial, and regular trading alone is not enough. It is necessary to read specialized literature, engage with colleagues on relevant forums, and attend expert webinars. Only then can a trader stay up to date with market trends and enhance their trading potential. In this regard, some brokers offer educational resources to their clients, which can be in the form of standard FAQs or comprehensive educational courses. However, ICM Capital is not one of those brokers. Their website only provides answers to most FAQs about the platform and trading platform. No educational materials are offered, which can be seen as a drawback in some sense. On the other hand, this broker is not obligated to educate its clients, and it is reasonable to assume that traders registering with them have at least a basic understanding of trading currency pairs and other assets.

Information contained on the ICM Capital website
What is not on the ICM Capital website
FAQs about how to use the platform
No theoretical materials on technical and fundamental analyses
Instructions for installing the trading platform on different devices
No materials on trading psychology and money management
No educational information on trading instruments and strategies

It is important not to confuse education with support. ICM Capital does not offer educational courses, but its website provides a wealth of analytical information, including newsfeeds. These are extremely useful materials that can assist both experienced and novice traders in their trading activities. That is why we do not consider the lack of education as a conceptual drawback of this broker; rather, it is a feature that needs to be taken into account. Moreover, the platform does not leave its clients without comprehensive and high-quality support.

Security (Protection for Investors)

Information

Clients of a broker must be confident that it is reliable, trustworthy, and always fulfills its obligations while safeguarding user funds and data. To gain this confidence, two things are sufficient: confirming that this broker is registered and regulated. Genuine financial companies must be registered at their headquarters, which means they comply with local legislation. As for regulation, it is a voluntary decision for a broker to operate under the supervision of the respective regulatory body, which ensures transparency, accountability, and the performance of the supervised platform.

ICM Capital Ltd was registered in the United Kingdom in 2011 (registration number 07101360). It also holds a license from the Financial Conduct Authority (FCA) of the United Kingdom, with license number 520965. Therefore, potential broker’s clients have nothing to fear as they are dealing with an experienced and regulated broker.

👍 Where can you go for help?

  • To the ICM Capital's client support
  • To the FCA regulator

👎 There is no point in contacting

  • The financial control authorities outside the United Kingdom
  • Regulatory organizations that do not monitor this broker's activities.

Withdrawal Options and Fees

  • If a trader is using a demo account, they trade with virtual currency and do not earn any real profit, thus they cannot make any withdrawals.

  • When a broker’s client switches to a real account and funds their balance, they can earn profits through successful trading and transfer their earnings to external accounts.

  • Funds withdrawal is done through the corresponding option in the trader's user account.

  • Traders can use the following channels for fund withdrawals: bank transfer, Visa/MC cards, Skrill, Neteller, PayPal, and China UnionPay.

  • The first withdrawal per month is usually free of charge, but for the second and subsequent withdrawals, a fee may apply, which depends on the chosen withdrawal channel.

  • For example, for the Skrill system, the fee will be 1% of the withdrawn amount; whereas, withdrawals to Visa and MC cards are always free, regardless of the account type.

  • Broker’s clients can also request an ICM Capital plastic card, which offers free and fast withdrawals.

Customer Support Service

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.

👍 Advantages

  • 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.

👎 Disadvantages

  • 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
Official site
Contacts

Review of the Personal Cabinet of ICM Capital

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.

1

Go to this broker's website. In the top right corner, select the language for the interface. Click on the “ICM Access” button.

Review of ICM Capital’s User Account — Registration
Review of ICM Capital’s User Account — Registration
Review of ICM Capital’s User Account — Registration
Review of ICM Capital’s User Account — Registration
2

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.

Review of ICM Capital’s User Account — Authorization
Review of ICM Capital’s User Account — Authorization
Review of ICM Capital’s User Account — Authorization
Review of ICM Capital’s User Account — Authorization
3

Choose the appropriate salutation, enter your first and last names. Provide your email address. Create a password and enter it twice.

Review of ICM Capital’s User Account — Filling out the registration form: Step 1
Review of ICM Capital’s User Account — Filling out the registration form: Step 1
Review of ICM Capital’s User Account — Filling out the registration form: Step 1
Review of ICM Capital’s User Account — Filling out the registration form: Step 1
4

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”.

Review of ICM Capital’s User Account — Filling out the registration form: Step 2
Review of ICM Capital’s User Account — Filling out the registration form: Step 2
Review of ICM Capital’s User Account — Filling out the registration form: Step 2
Review of ICM Capital’s User Account — Filling out the registration form: Step 2
5

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.

Review of ICM Capital’s User Account — Verification
Review of ICM Capital’s User Account — Verification
Review of ICM Capital’s User Account — Verification
Review of ICM Capital’s User Account — Verification
6

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”.

Review of ICM Capital’s User Account — Opening a real trading account
Review of ICM Capital’s User Account — Opening a real trading account
Review of ICM Capital’s User Account — Opening a real trading account
Review of ICM Capital’s User Account — Opening a real trading account
7

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.

Review of ICM Capital’s User Account — Selecting a trading platform and account type
Review of ICM Capital’s User Account — Selecting a trading platform and account type
Review of ICM Capital’s User Account — Selecting a trading platform and account type
Review of ICM Capital’s User Account — Selecting a trading platform and account type
8

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.

Review of ICM Capital’s User Account — Making a deposit
Review of ICM Capital’s User Account — Making a deposit
Review of ICM Capital’s User Account — Making a deposit
Review of ICM Capital’s User Account — Making a deposit

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.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
ICM Capital Review ICM Capital Review

Articles that may help you

Daily Forex Trading Signals for 2024 (Charts)
For Beginners
Daily Forex Trading Signals for 2024 (Charts)
Oleg Tkachenko - April 2024
EURUSD News, Free Price Forecasts And Daily Analysis - TU
For Beginners
EURUSD News, Free Price Forecasts And Daily Analysis - TU
Andrey Mastykin - April 2024
How to Trade Currencies with Google Pay?
For Beginners
How to Trade Currencies with Google Pay?
Jason Law - April 2024
No Deposit Bonus Forex in 2024 - 7 Best Bonuses
For Beginners
No Deposit Bonus Forex in 2024 - 7 Best Bonuses
Johnathan Maverick - April 2024
Free Brent/USD Technical Analysis, Brent Price Forecast
For Beginners
Free Brent/USD Technical Analysis, Brent Price Forecast
Oleg Tkachenko - April 2024
7 Best Laptops For Forex Trading in 2024
For Beginners
7 Best Laptops For Forex Trading in 2024
Alamin Morshed - April 2024
Best London Session Forex Pairs to Trade
For Beginners
Best London Session Forex Pairs to Trade
Peter Emmanuel Chijioke - April 2024
AI Trading Bots: Do They Really Work?
For Beginners
AI Trading Bots: Do They Really Work?
Joshua Adakole - April 2024
What Is The Easiest Indicator For Trading?
For Beginners
What Is The Easiest Indicator For Trading?
Joshua Adakole - April 2024

FAQs

Do reviews by traders influence the ICM Capital rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about ICM Capital you need to go to the broker's profile.

How to leave a review about ICM Capital on the Traders Union website?

To leave a review about ICM Capital, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about ICM Capital on a non-Traders Union client?

Anyone can leave feedback about ICM Capital on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Traders Union Recommends: Choose the Best!

Logo IG Markets
Logo eToro
Open an account
Your capital is at risk. 
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Logo OANDA
Open an account
Your capital is at risk.