Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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.
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.
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.
Top-5 Brokers Traders Prefer
ICM Capital User Reviews
-
5-star
0%
-
4-star
2%
-
3-star
21%
-
2-star
38%
-
1-star
38%
-
Commissions and Fees
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 criteria5 /10The 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: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 criteria9.7 /10ICM 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 YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10ICM 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.
- Low minimum deposit
- Demo account
- Standard account with balanced trading conditions
- Micro lots are not available
- No Cent account
ICM Capital account types vs top competitors ICM Capital Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoICM 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: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 methodology6.8 /10ICM 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
- Bank card deposits and withdrawals
- Bank wire transfers available
- PayPal supported
- Deposit fee applies
- BTC not available as a base account currency
- Wise not supported
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 YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC NoNoNoWhat 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: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. Learn the assessment criteria4.8 /10ICM 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
- Bonds not available
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 YesNoYesCommodity futures YesNoYesCrypto 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. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at ICM Capital by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We 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
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
ICM Capital account opening ICM Capital Trading.com Plus500 Online Registration YesYesYesMinimum deposit $200 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 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:We evaluated Customer Support at ICM Capital by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.3 /10The 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.
InformationTechnical 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:
520965Official site https://www.icmcapital.co.uk/ Contacts clientservices@ICM Capital.co.uk Phone (UK): +44 207 634 9770,
Phone (UAE): +971 4 429 4500
Best ICM Capital Alternatives
FAQs
How is ICM Capital regulated and what safety measures are mentioned in reviews of its security?
ICM Capital has a safety score of 9.7/10 and is described as having a High security level, with regulation by the FCA in the UK (Tier-1), FSCA in South Africa (Tier-2), and regulators in Mauritius and St. Vincent and the Grenadines (Tier-3). The broker offers negative balance protection, requires KYC verification, and under FCA regulation clients may be covered by an investor protection fund of up to £85,000, while the other listed regulators do not specify such funds in this section.
What do reviews say about ICM Capital’s trading commissions and non-trading fees?
ICM Capital’s overall commissions and fees are rated as Medium, with a fees score of 5/10 and a note that Forex trading fees are above average despite tight EUR/USD spreads. Standard account EUR/USD spreads are listed as 0.3–0.5 pips, RAW/ECN accounts show an average 0.1-pip spread with a $3.5 per lot commission, 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 do user reviews and feedback indicate about satisfaction with ICM Capital?
ICM Capital has a user satisfaction score of 3.7/10 based on 47 reviews, with 0% 5-star, 2% 4-star, 21% 3-star, 38% 2-star, and 38% 1-star ratings. According to user reviews, overall sentiment is mostly negative.
What deposit and withdrawal options and conditions are highlighted in reviews of ICM Capital?
ICM Capital is described as offering a basic but sufficient range of funding methods, including Bank Card, Bank Wire, PayPal, Skrill, and Neteller, with support for multiple base currencies such as USD, EUR, GBP, AED, KWD, SAR, SGD, MUR, PLN, and JOD. The review notes a minimum deposit of $200, a minimum withdrawal of $1, low minimum withdrawal requirements, and mentions that both deposit and withdrawal fees apply, while BTC is not available as a base currency.
What markets and tradable assets does ICM Capital provide according to reviews?
ICM Capital supports 130 total tradable assets, including 42 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not offer options. The review also states that there are no bonds, ETFs, copy trading, PAMM investing, or managed accounts among its investment options.
Articles that may help you
-
#For Beginners
ICM Capital Minimum Deposit and Funding Options
October 2026 Andrey Mastykin -
#For Beginners
ICM Capital Available Countries – Full List (2026)
October 2026 Oleg Tkachenko -
#For Beginners
ICM Capital Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Mikhail Vnuchkov -
#For Beginners
How Traders Use AI: TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
Best TradingView Brokers 2026: Fees & Features
October 2026 Maxim Nechiporenko -
#For Beginners
Best Forex Pairs To Trade During The New York Session
October 2026 Oleg Tkachenko -
#For Beginners
Why Is It Hard to Stop Trading After Losses? | TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
Lowest Leverage In Forex: A Complete Guide
October 2026 Aleksandra Chaikina -
#For Beginners
October 2026 Aleksandra Chaikina